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Compare Forex Brokers AvaTrade And UFX Bank


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Subjective Ratings

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AvaTrade

UFX Bank

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

UFX Bank

 
Registered Business Name: AvaTrade UFX Trade LLC
Broker Headquarters: Tel Aviv, Israel Israel
Also has offices in: British Virgin Islands as well as Ireland (it is a question whether these are real offices or not). Nicosia, Cyprus and Chicago, IL, USA
Regulated By: Central Bank of Ireland Unregulated
In business since year: 2006 2009
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: Client funds segregated in accounts at Commerzbank, NatWest, Allied Bank, Net Bank No
Collect Taxes on Earnings: No No
Prohibit clients from: No No
Deposit/Withdrawal methods:
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
Wire Transfer $0 $0 (min $500)
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: Unknown Various major European banks

Visit AvaTrade Visit UFX Bank

Trading Details

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AvaTrade

UFX Bank

 
Browser platform: AvaJava UFX Bank by ParagonEX Trading Solutions
Downloadable platform: AvaFX Metatrader 4 (MT4),AvaTrader (ActTrader) None
Mobile platform: AvaJava (for Android),AvaJava (for Blackberry),AvaJava (for iPad),AvaJava for iPhone UFX Bank by ParagonEX Trading Solutions
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Platinum 400:1* on MT4, 200:1* on ActTr $10,000/unlimited 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Silver 400:1* on MT4, 200:1* on ActTr $100/$999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Gold 400:1* on MT4, 200:1* on ActTr $1,000/$9,999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
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   Yes - no extra charges and available to everyone, not just Islamic traders   - swap-free accounts are charged slightly higher spreads
Tradeable Instruments: 43    40   
No Dealing Desk Execution: No Not available
Typical spread on EUR/USD: 3 pips (0.0003) 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: Yes No
Guaranteed stop losses? No - orders executed at best available price Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage.
Trailing Stops: Server-side None
OCO orders available: Yes No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: On MT4 and ActTrader No
Trading Hours: The platform is closed from Friday 9 pm GMT until Sunday 9 pm GMT Sunday 9 pm GMT until Friday 9 pm GMT
Timezone GMT GMT
Scalping allowed: Fast trading is OK. Arbitrage is not. Minimum time to close a deal after opening it is 1 minute.
Account currencies available: EUR, USD USD
Platform languages: Arabic, Chinese, Dutch, English, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Portuguese, Russian, Slovak, Spanish, Turkish Arabic, English, French, Portuguese, Spanish
Support languages: Arabic, Chinese, Croatian, Dutch, English, Finnish, French, German, Greek, Hebrew, Hindi, Indonesian, Italian, Japanese, Malay, Norwegian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Slovak, Spanish, Swedish, Turkish, Urdu English
Demo account: 21 days Yes
Live chat support: Yes - very helpful staff Yes, during UFX Bank trading hours
Interest on Margin: No No
Promotions & tournaments: 25% bonus on your first deposit. AvaFX debit card available for easy withdrawals. 25% up to $5,000 free on new client deposits. Bonus must be traded 15,000 times in volume before withdrawals can be made.

Visit AvaTrade Visit UFX Bank


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