Home | Back to Main Broker Reviews Page |

Bookmark and Share

Compare Forex Brokers IBFX And UFX Bank


 Compare more forex brokers

Visit IBFX Visit UFX Bank


Subjective Ratings

Compare Category

IBFX

UFX Bank

Charting: Four and Half star Charting Rating One star Charting Rating
Execution: Four 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: Four 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: Four star Withdrawal processing Rating One star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Two and Half star Average Rating

Visit IBFX Visit UFX Bank

Business Details

Compare Category

IBFX

UFX Bank

 
Registered Business Name: Interbank FX, LLC UFX Trade LLC
Broker Headquarters: Utah, USA Israel
Also has offices in: London, UK Nicosia, Cyprus and Chicago, IL, USA
Regulated By: NFA Member (0326091)
FCM registered with CFTC
Unregulated
In business since year: 2001 2009
Broker Capital as of 05-2009 $36,507,727 Unknown
Client Account Segregation: No No
Collect Taxes on Earnings: 1099 form sent to US-based clients (and IRS) No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Check $0 $0 - US clients only
Discover $20 Not available
MasterCard $20 Not available
Visa $20 Not available
Wire Transfer $0 $25
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: Bank of America, JP Morgan, Citigroup, Goldman Sachs Various major European banks

Visit IBFX Visit UFX Bank

Trading Details

Compare Category

IBFX

UFX Bank

 
Browser platform: None UFX Bank by ParagonEX Trading Solutions
Downloadable platform: IBFX Meta Trader 4 (MT4) None
Mobile platform: None UFX Bank by ParagonEX Trading Solutions
Phone dealing: Yes Yes
Order processing: Straight-through to multiple liquidity providers Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
50:1* No limits $1,000/$5,000,000
Mini Account 50:1* No minimum/$50,000 max $100/$500,000
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   Yes, but some extra fees apply   - swap-free accounts are charged slightly higher spreads
Tradeable Instruments: 31    40   
No Dealing Desk Execution: Yes 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: No No
Guaranteed stop losses? Orders are executed at best available price. 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: IBFX is open for trading from 6 PM EST on Sunday until 4 PM EST on Friday. Sunday 9 pm GMT until Friday 9 pm GMT
Timezone GMT GMT
Scalping allowed: Yes Minimum time to close a deal after opening it is 1 minute.
Account currencies available: USD USD
Platform languages: Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish Arabic, English, French, Portuguese, Spanish
Support languages: Chinese, English, Japanese, Portuguese, Spanish English
Demo account: Unlimited Yes
Live chat support: Sunday 21:00 GMT to Friday 21:00 GMT Yes, during UFX Bank trading hours
Interest on Margin: No No
Promotions & tournaments: Credit/Debit cards available to US citizens (does not draw on margin account). Many free trading tools available to clients. 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 IBFX Visit UFX Bank


Bookmark and Share