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Compare Forex Brokers Finexo And UFX Bank


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Subjective Ratings

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Finexo

UFX Bank

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

UFX Bank

 
Registered Business Name: SafeCap Investments Limited UFX Trade LLC
Broker Headquarters: Israel Israel
Also has offices in: Cyprus Nicosia, Cyprus and Chicago, IL, USA
Regulated By: CySEC Unregulated
In business since year: 2003 2009
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: No No
Collect Taxes on Earnings: No No
Prohibit clients from: No No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
Liberty Reserve $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
Wire Transfer $0 $0 ($400 min.)
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

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Trading Details

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Finexo

UFX Bank

 
Browser platform: None UFX Bank by ParagonEX Trading Solutions
Downloadable platform: Finexo MT4 None
Mobile platform: Finexo Metatrader (MT4) Mobile UFX Bank by ParagonEX Trading Solutions
Phone dealing: No Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 100:1 $25/unlimited 1,000/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       - swap-free accounts are charged slightly higher spreads
Tradeable Instruments: 47    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? Yes, for orders less than 3 million and outside a pre-determined range 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: No No
Trading Hours: Monday 5:00 Sydney time (currently Sunday 19:00 GMT) to Friday 17:00 New York time (currently 21:00 GMT) 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: English Arabic, English, French, Portuguese, Spanish
Support languages: English English
Demo account:   Yes
Live chat support: Yes 24/7 (even outside trading hours!) Yes, during UFX Bank trading hours
Interest on Margin: No No
Promotions & tournaments:   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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