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Compare Forex Brokers FXcast And UFX Bank


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Subjective Ratings

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FXcast

UFX Bank

Charting: Four and Half star Charting Rating One star Charting Rating
Execution: Three and Half star Execution Rating Four star Execution Rating
Transaction costs (spreads): Four 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: Four star Platform Reliability Rating Three star Platform Reliability Rating
Customer support: Three 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: Three and Half star Average Rating Two and Half star Average Rating

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Business Details

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FXcast

UFX Bank

 
Registered Business Name: FXcast, a Surplus Finance S.A. Company UFX Trade LLC
Broker Headquarters: Mauritius Israel
Also has offices in: Central Europe, Indonesia, China, Middle East, Malaysia, Africa Nicosia, Cyprus and Chicago, IL, USA
Regulated By: FSC Mauritius under the Financial Services Development Act 2001 Unregulated
In business since year: 2007 2009
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: Yes, funds held at Pireaeus Bank, Cyprus No
Collect Taxes on Earnings: No No
Prohibit clients from: No No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
AlertPay $0 1% (min. $8)
c-Gold $0 1% (min. $8)
CC by Moneybookers 2% 2%
Liberty Reserve $0 1% (min. $8)
MasterCard 5.5% Withdraw to bank acc
Moneybookers $0 1% ($8 min.)
Perfect Money $0 0.5% (min. $8)
Solid Trust Pay $0 1% (min. $8)
StrictPay $0 1% (min. $8)
Visa 5.5% Withdraw to bank acc
WebMoney $0 $5
Wire Transfer $0 1.5% ($30-$65)
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 FXcast Visit UFX Bank

Trading Details

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FXcast

UFX Bank

 
Browser platform: None UFX Bank by ParagonEX Trading Solutions
Downloadable platform: FXcast MetaTrader 4 (MT4) None
Mobile platform: FXcast Metatrader 4 (MT4) Mobile UFX Bank by ParagonEX Trading Solutions
Phone dealing: No Yes
Order processing: Market Maker or Straight-Through Processing based on lots traded and risk profile as determined by FXcast risk server Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 400:1 $10/unlimited 1,000/5,000,000
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   Swap-free accounts incur a $0.05 fee per 1,000 unit round-turn trade.   - swap-free accounts are charged slightly higher spreads
Tradeable Instruments: 36    40   
No Dealing Desk Execution: Available Not available
Typical spread on EUR/USD: 2 pips (0.0002) 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? Yes - all limit orders experience NO slippage Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage.
Trailing Stops: Client-side None
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: Yes No
Trading Hours: Sunday 11:00 p.m. GMT and end each Friday 11:00 p.m. Sunday 9 pm GMT until Friday 9 pm GMT
Timezone GMT GMT
Scalping allowed: No Minimum time to close a deal after opening it is 1 minute.
Account currencies available: EUR, USD USD
Platform languages: Arabic, Chinese, Croatian, English, French, German, Indonesian, Malay, Portuguese, Russian Arabic, English, French, Portuguese, Spanish
Support languages: Chinese, English, French, German, Indonesian, Malay, Portuguese, Russian, Spanish English
Demo account: 4 weeks Yes
Live chat support: Yes - during trading hours Yes, during UFX Bank trading hours
Interest on Margin: No No
Promotions & tournaments: On-going tournaments - visit site for details. 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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