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Compare Forex Brokers GFT Forex And UFX Bank


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Subjective Ratings

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GFT Forex

UFX Bank

Charting: Four star Charting Rating One star Charting Rating
Execution: Four and Half star Execution Rating Four star Execution Rating
Transaction costs (spreads): Four and Half star Transaction Costs (spreads) Rating Two and Half star Transaction Costs (spreads) Rating
User-friendliness: Three star User-friendliness Rating Four star User-friendliness Rating
Platform Functionality: Five 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 and Half 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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GFT Forex

UFX Bank

 
Registered Business Name: Global Futures & Forex Ltd UFX Trade LLC
Broker Headquarters: Michigan, USA Israel
Also has offices in: Sydney, Dubai, Tokyo, London, Singapore, New York, Chicago Nicosia, Cyprus and Chicago, IL, USA
Regulated By: NFA Member (0279553)
FCM registered with CFTC
Unregulated
In business since year:   2009
Broker Capital as of 11-2008 $73,808,315 Unknown
Client Account Segregation:   No
Collect Taxes on Earnings:   No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Not loaded
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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GFT Forex

UFX Bank

 
Browser platform: DealBookŪ WEB UFX Bank by ParagonEX Trading Solutions
Downloadable platform: DealBookŪ 360 None
Mobile platform: DealBookŪ WEB UFX Bank by ParagonEX Trading Solutions
Phone dealing: Yes Yes
Order processing: Straight-through Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Not loaded
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   No swap-free accounts available   - swap-free accounts are charged slightly higher spreads
Tradeable Instruments: 125    40   
No Dealing Desk Execution: Yes Not available
Typical spread on EUR/USD:   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?   Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage.
Trailing Stops: Client-side None
OCO orders available: Yes No
If/then orders available: Yes No
Hedging capability:   Yes
Automated Trading: No No
Trading Hours:   Sunday 9 pm GMT until Friday 9 pm GMT
Timezone   GMT
Scalping allowed:   Minimum time to close a deal after opening it is 1 minute.
Account currencies available: EUR, JPY, USD USD
Platform languages: Arabic, Dutch, English, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Simplified Chinese, Spanish, Traditional Chinese Arabic, English, French, Portuguese, Spanish
Support languages: Arabic, Bengali, Cantonese, English, French, Greek, Gujarati, Hindi, Japanese, Kannada, Korean, Mandarin, Punjabi, Russian, Spanish, Turkish English
Demo account: 30 days Yes
Live chat support: Yes 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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