UFX vs USGFX Comparison

Compare UFX vs USGFX

UFX vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, ParagonEx450+CySEC
$100MT4, MT560+ASIC

UFX vs USGFX Comparison

UFX is a fixed Forex spread STP broker, while USGFX is a variable Forex spread STP/ECN broker. Neither though charges Forex commissions.

Both offer MT4, though USGFX is primarily an MT4/MT5 broker, while UFX's main platform is ParagonEx, which is a discretionary trading platform with extra support for the trader in making decisions, by the provision of crowd trading information. Crowd trading is in essence data about the aggregate behavior of other traders, allied to market events. USGFX, while supporting automated trading with robots, also aims to support discretionary trading, by providing trading signals packages.

UFX is regulated by the CySEC in Cyprus. USGFX is regulated by the ASIC in Australia.

Quick comparison

Both offer MT4. USGFX offers MT5 and is an STP/ECN broker, while UFX provides crowd trading on ParagonEx.

Minimum deposit and account types

The minimum deposit for UFX is $100. The minimum deposit for USGFX is $100.

  • UFX provides CFD trading on six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types have daily market reviews, a video library, daily recommendations and 24hr live support. All except the Micro/Mini account provide a personal trading coach. Standard, Gold and Platinum accounts also have VIP trading support and exclusive updates. Gold and Platinum additionally provide SMS trading alerts and access to MT4. At UFX there is a one minute minimum time after a position has been opened until it can be closed.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • UFX offers Forex, Indices, Energy, Precious Metals, Stocks, Soft Commodities and ETFs, with 450+ available.
  • USGFX offers Forex, Indices, Energy, Precious Metals and Cryptocurrencies, with 60+ available.

Cryptocurrency CFDs

  • USGFX offers Bitcoin.

Spreads and leverage

  • Spreads at UFX are fixed under normal market conditions but vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

The maximum leverage for UFX is . USGFX's maximum leverage is 500:1, except on the Pro-ECN account where it is 100:1.

Commissions

  • UFX does not charge commissions.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Platforms

UFX provides the ParagonEx platform which has the MassInsights crowd trading feed and MT4. USGFX offers MT4 and MT5.

Comparison summary

  • UFX offers a web trader with crowd trading
  • UFX also provides MT4
  • USGFX also offers MT4, and additionally provides MT5
  • UFX can offer more markets than USGFX
  • Each is regulated

Search this site

Translate