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Compare Forex Brokers Alpari And UFX Bank


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Subjective Ratings

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Alpari

UFX Bank

Charting: Four and Half star Charting Rating One star Charting Rating
Execution: Four and Half star Execution Rating Four star Execution Rating
Transaction costs (spreads): Five star Transaction Costs (spreads) Rating Two and Half star Transaction Costs (spreads) Rating
User-friendliness: Four and Half star User-friendliness Rating Four star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating One star Platform Functionality Rating
Platform Reliability: Five star Platform Reliability Rating Three star Platform Reliability Rating
Customer support: Four star Customer Support Rating Zero Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Four and Half star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating One star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Two and Half star Average Rating

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Business Details

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Alpari

UFX Bank

 
Registered Business Name: Alpari NZ Limited (New Zealand) UFX Trade LLC
Broker Headquarters: New Zealand Israel
Also has offices in: Many branches around Russia Nicosia, Cyprus and Chicago, IL, USA
Regulated By: FRA (Russia) Unregulated
In business since year: 1998 2009
Broker Capital as of 03-2009 Unknown Unknown
Client Account Segregation: ASB Bank New Zealand No
Collect Taxes on Earnings: No No
Prohibit clients from: No No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Visa $0 $0
WebMoney $0 $0
WebMoney Card $0 $0
Wire Transfer $0 $10/EUR10
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
WebMoney $0 $0
Western Union $0 $0
Wire Transfer $0 $0
Main liquidity providers: Barclays Capital, UBS Bank, Deutsche Bank, JP Morgan, Bank of America, and many others Various major European banks

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Trading Details

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Alpari

UFX Bank

 
Browser platform: Currenex ECN (for pro.direct accounts) UFX Bank by ParagonEX Trading Solutions
Downloadable platform: Alpari MetaTrader 4 (MT4) None
Mobile platform: Alpari aTrader (for Android),Alpari bTrader (for Blackberry),Alpari iTrader (for iPhone) UFX Bank by ParagonEX Trading Solutions
Phone dealing: Yes Yes
Order processing: ECN on pro.direct accounts Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
pamm.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
pro.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
classic.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
pamm.mt4 100:1* $300/unlimited 1,000/unlimited
pamm.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
classic.ndd.zulutrade 100:1* $1,000/unlimited 10,000/100,000,000
classic.mt4 500:1* $200/unlimited 10,000/unlimited
pamm.systematic 100:1* $300/unlimited 1,000/100,000,00
micro.mt4 500:1* no limits 1,000/500,000
classic.systematic 500:1* $200/unlimited 1,000/100,000,000
classic.zulutrade 500:1* $200/unlimited 1,000/100,000,000
pro.direct (Currenex) 200:1* $20,000/unlimited 10,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Platinum Account 200:1* $10,000/unlimited 10,000/20,000,000 units
Mini Account 200:1* $500/$999 5,000/200,000 units
Standard Account 200:1* $1,000/$4,999 5,000/1,000,000 units
Gold Account 200:1* $5,000/$9,999 5,000/2,000,000 units
Swap-free accounts   $10 per standard lot (100,000) round turn trade. Trade can be held for unlimited time period.   - swap-free accounts are charged slightly higher spreads
Tradeable Instruments: 53    40   
No Dealing Desk Execution: Yes Not available
Typical spread on EUR/USD: 0.5 pips (0.00005) - widens overnight Moscow time 2 pips (0.0002) for Platinum Accounts, 3 pips (0.0003) for Gold Accounts, 4 pips (0.0004) for Standard Accounts, 5 pips (0.0005) for Mini Accounts
Fixed spreads: No No
Guaranteed stop losses? No Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage.
Trailing Stops: Server-side None
OCO orders available: Yes o No
If/then orders available: Yes o No
Hedging capability: Yes Yes
Automated Trading: Yes, on MT4 No
Trading Hours:   Sunday 9 pm GMT until Friday 9 pm GMT
Timezone GMT GMT
Scalping allowed: Yes - Currenex ECN places no restrictions on trading style. Minimum time to close a deal after opening it is 1 minute.
Account currencies available: EUR, Gold, USD USD
Platform languages: Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish Arabic, English, French, Portuguese, Spanish
Support languages: Chinese, English, Russian, Spanish English
Demo account: 30 days Yes
Live chat support: Yes - a little slow but top quality Yes, during UFX Bank trading hours
Interest on Margin: Yes No
Promotions & tournaments: 20% first deposit bonus. Interest paid on unused margin at 2% annual rate (alpari.premier accounts only). Free courses and educational materials. 25% up to $5,000 free on new client deposits. Bonus must be traded 15,000 times in volume before withdrawals can be made.

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