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UFX Bank

Corporate History

UFX Bank has provided online forex broking services since the last half of 2008, and maintains physical locations in Nicosia, Cyprus and London, England. The broker also submits to regulation in the United States by the National Futures Association (NFA).

Furthermore, as part of its demonstration of competence as a forex broker, UFX Bank has partnered with ParagonEX to provide a state-of-the-art online trading platform to its clients.

Features

• Website translated into 9 languages.
• Access to personal trading experts.
• Quotes in at least 26 currency pairs, plus gold and silver.
• Fixed dealing spreads that depend on account size.
• Daily and weekly exclusive market analysis.
• 24-hour trading and customer support.
• Trade immediately with a credit card deposit and verification.
• Free trading and analysis tools.
• Start trading with as little as $500.
• SMS alert service to mobile available.
• 10% Friend Referral bonus.

Accounts

Mini Account

• For beginning traders, this account offers chat, daily market report e-mails.
• $500 minimum initial deposit
• $5,000 minimum deal size

Standard Account

• For more advanced traders, it offers the same features as the Mini.
• Minimum deposit requirement is $1,000.

Gold Account

• Offers mini features plus one-on-one training, all platform features, SMS alerts, technical signals, personal dealer, dealing room chat, special dealing room offers, market update calls by dealers.
• $5,000 minimum initial deposit
• $10,000 minimum deal size

Platinum Account

• Offers gold features, plus custom technical analysis reports.
• $10,000 minimum initial deposit
• $25,000 minimum deal size

Transactions

Deposits

• Make deposits with:
  • Credit card transfers using Visa, MasterCard, Diners' Club
  • PayPal, WebMoney, Neteller and MoneyBookers
  • Funds sent via Western Union
  • Wire transfers from banks

Withdrawals

• Withdrawal options:
  • Credit card
  • Bank wire

Platforms

UFX Bank uses the state-of-the-art ParagonEX Trader online trading platform to support all of its clients' forex dealing needs. This means that professional IT developers will be supporting the dealing system, while UFX Bank's forex experts can focus on providing high-quality trading assistance.

ParagonEX Trader Online Platform

• Newly-developed, state of the art web-based platform
• Intuitive, user-friendly interface
• Charting functionality
• Includes news, live help chat and financial calendar
• Integrated front and back office functions
• No download or installation,
• No Java or ActiveX required.
• Secure trading engine with 128b SSL

Support

Customer Support

UFX Bank provides good-quality support for its trading platform via phone and e-mail, in addition to offering 24 Hour Chat Support with Forex Experts. A call-back service is accessible from its website, and local contact phone numbers in Cyprus and the United Kingdom also provide access. In addition, the broker has IT pros that will provide Remote Assistance in case clients have computer-related issues.

Dealing Desk

Trading desk contact is available via e-mail.

Information

Educational

As a uniquely personal touch to furthering their clients' performance, UFX Bank provides a personal trading expert to each trading client to escort them through the trading process. UFX Bank also offers an interesting video library of lessons and courses on forex trading, in addition to other suitable information and educational services for traders just starting out. Available items currently include:

• Forex articles
• FAQ
• Help with technical and general questions
• Ask the Broker - client questions answered weekly on video.
• Glossary

Technical Analysis and Charting Software

• Online Java chart software.
• Fast charts.
• Charts permitting more detailed analysis.
• Easy-to-use Charts Station with live streaming charts.

Market News and Data

• Daily Market Review.
• Weekly market summary.
• Consolidated live economic data and forex news, including Reuters news.
• Economic Calendar.
• Forex and commodities trading recommendations.

Tools

• Currency Converter

Safety

Regulatory Compliance

UFX Bank is regulated by the NFA (National Futures Association), the supervisory organization for the futures industry in the United States. As a result, the broker commits to maintaining high standards and business practices, and it is subjected to strict regulatory and financial reporting requirements.

Fund Safety

UFX Bank is a relatively new broker, but has demonstrated diligent attention to the security of its clients' accounts.

Data Security

In addition to implementing appropriate protective measures against fraud, software malfunction and improper access to personal client information, UFX Bank automatically uses SSL (secure socket layer) encryption for all credit card payments make over the Internet. Furthermore, the broker uses secure server farms at multiple locations to provide duplicate data backups.

Overall

UFX Bank offers an innovative and professionally-developed online dealing platform, along with personal trading experts, proprietary daily and weekly commentary, and news feeds that include professional-quality news from Reuters. Furthermore, by submitting to NFA regulation, UFX Bank has demonstrated its commitment to providing a trustworthy forex broker service to its clients that at the same time can be more flexible due to the firm's recent entry into the industry.

Basically, those forex traders who need a fundamental, yet high-quality, trade execution service and who would appreciate having a newer broker who can pay more personal and expert attention to their unique trading needs should certainly consider giving UFX Bank a try.

Create an account today!

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