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Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content
Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

<p>Chris manages the relationships with our partners to provide our users with the best Forex trading experience possible. Chris has 15+ years of experience in research, editorial and design for political and financial publications. His background has given him a deep understanding of international financial markets and the geopolitics that affect them.</p>

Learn more about Chris Cammack

UFX Broker Review

3.70
/ 5
Min deposit
USD 100
Regulated By
CySEC
Trading Cost
USD 20
Leverage
30:1
Copy Trading
No
Platforms
MT5
Instruments
Commodities, Stock CFDs, ETFs, Forex, Metals (
WTIs
)
Visit Broker
Most retail CFD accounts lose money. Your capital is at risk.

Our Verdict on UFX

UFX is a Cypriot market maker broker, founded in 2007 and regulated by CySEC. With five different accounts types, not including the swap-free option, and support for MT5 as well as the proprietary UFX platform, it’s a shame that trading conditions are not better here.

Spreads are wide, even on the more expensive accounts, and on the Micro Account (100 USD minimum deposit) you can expect a fixed spread of 4 pips on the EUR/USD. Forex education is also lacking, as well as any kind of in-house market research, though UFX do offer both Trading Central and it’s own MassInsights trend and volatility tool. 

Pros

  • Great platform choice
  • Fast and free withdrawals
  • Good range of accounts

Cons

  • Wide spreads
  • Limited education
  • Limited market analysis

UFX Overall Summary

Trust Rating
4
Trading Conditions
3.5
Platforms
4.5
Education
1.5
Beginner Friendly
2
Assets Available
3.5
Analysis Research
1
Deposit & Withdrawal
4.5
Overall Rating
3.70
/ 5
Base Currencies
EUR, GBP, USD, AUD, NZD, CAD, CHF
Number of FX Pairs
50
Crypto Pairs
0
Copy Trading
No
Hedging Allowed
Yes
Scalping Allowed
No
Islamic Account
Yes
Account Name
Commission
EUR/USD
2.00
GBP/USD
3.00
USD/JPY
3.00
Negative Balance Protection
No
Company Name
Reliantco Investments Ltd
Founded
2007
Website Language
English
Support Language
English
Office Locations
Cyprus, Czech Republic
Support Email Address
Contact form on website

Deposit & Withdrawal

visa
mastercard
maestro
dinersclub
banktransfer
skrill
neteller
sofort
giropay
ideal
neosurf
unionpay
cashu
qiwi
wemoney
poli
paysafecard

Supported Platforms

Best MetaTrader 5 Forex Brokers

Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack

Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education.


With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users.


He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl

Alison joined the team as a writer in 2021. She is the Head of Content for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in Forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 120 Forex brokers.

Ida Hermansen

Financial Writer

Ida Hermansen

Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.

Stefan de Clerk

Financial Writer

Stefan de Clerk
The newest member of our team, Stefan has a degree in Marketing and more than a decade of experience writing quality content in both finance and tech. Stefan's deep fascination with how factors like geopolitical events, big data and market sentiment influence the financial markets drives his passion for Forex trading. He believes that if you want to feel the pulse of the world economy, trade Forex, and if you want to trade Forex, you need well-researched, unbiased and objective information.

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Listen to our Podcast!

Let's Talk Forex

Listen to our Podcast!


Ready to have your forex knowledge amplified? Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels. From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape. Join the conversation and discover insights that can help you navigate the exciting world of currency trading.

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