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Compare Forex Brokers Sigma Forex And UFX Bank


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Subjective Ratings

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Sigma Forex

UFX Bank

Charting: Four and Half star Charting Rating One star Charting Rating
Execution: Zero Execution Rating Four star Execution Rating
Transaction costs (spreads): Five 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: Zero Customer Support Rating Zero Customer Support Rating
Rollover interest rates: Zero Rollover interest rates Rating Four and Half star Rollover interest rates Rating
Withdrawal processing: Zero Withdrawal processing Rating One star Withdrawal processing Rating
Average rating: Two and Half star Average Rating Two and Half star Average Rating

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Business Details

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Sigma Forex

UFX Bank

 
Registered Business Name: Sigma Forex UFX Trade LLC
Broker Headquarters: Oslo, Norway Israel
Also has offices in: Virtual Office in Zurich, Switzerland Nicosia, Cyprus and Chicago, IL, USA
Regulated By: Unregulated 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: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
e-Gold $0 $0
Wire Transfer $0 $0
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: Private investors Various major European banks

Visit Sigma Forex Visit UFX Bank

Trading Details

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Sigma Forex

UFX Bank

 
Browser platform: None UFX Bank by ParagonEX Trading Solutions
Downloadable platform: Metatrader 4 (MT4) None
Mobile platform: None 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:
No Dealing Desk Account 500:1* $2,000/unlimited $1,000/$50,000,000
Dealing Desk Account 500:1* $500/unlimited $1,000/$50,000,000
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   - All accounts are swap-free   - swap-free accounts are charged slightly higher spreads
Tradeable Instruments: 26    40   
No Dealing Desk Execution: Apparently available, but maybe misleading information Not available
Typical spread on EUR/USD: 1 pip (0.0001) 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? No 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, on MT4 No
Trading Hours: Sunday 24:00 GMT to Friday 24:00 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: AUD, CHF, EUR, GBP, USD USD
Platform languages: Arabic, Bulgarian, Chinese, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish Arabic, English, French, Portuguese, Spanish
Support languages: English English
Demo account: 30 days Yes
Live chat support: Yes, but very poor Yes, during UFX Bank trading hours
Interest on Margin: No No
Promotions & tournaments: Win a $50 account if you predict price. Trading tournaments also available. 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 Sigma Forex Visit UFX Bank


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