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Compare Forex Brokers UFX Bank And AFB FX


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Subjective Ratings

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UFX Bank

AFB FX

Charting: One star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Four star Execution Rating
Transaction costs (spreads): Two and Half star Transaction Costs (spreads) Rating Five star Transaction Costs (spreads) Rating
User-friendliness: Four star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: One star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Three star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Zero Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Four and Half star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: One star Withdrawal processing Rating Four star Withdrawal processing Rating
Average rating: Two and Half star Average Rating Four and Half star Average Rating

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Business Details

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UFX Bank

AFB FX

 
Registered Business Name: UFX Trade LLC AFB FX Limited
Broker Headquarters: Israel Cyprus
Also has offices in: Nicosia, Cyprus and Chicago, IL, USA none
Regulated By: Unregulated CySEC
In business since year: 2009 2010
Broker Capital as of 05-2009 Unknown Unknown
Client Account Segregation: No Yes, client funds are kept separate from company operating capital
Collect Taxes on Earnings: No No
Prohibit clients from: No No
Deposit/Withdrawal methods:
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
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
Perfect Money $0 $0
WebMoney $0 $0
Wire Transfer $0 $0
Main liquidity providers: Various major European banks There are 6 liquidity providers, but names are unknown

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Trading Details

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UFX Bank

AFB FX

 
Browser platform: UFX Bank by ParagonEX Trading Solutions AFB FX WebTrader
Downloadable platform: None AFB FX Metatrader 4 (MT4)
Mobile platform: UFX Bank by ParagonEX Trading Solutions Android,Blackberry,i-Mode,iPhone,Symbian (Nokia),Windows Mobile
Phone dealing: Yes Yes
Order processing: Market Maker ECN,STP No Dealing Desk
Account Types
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
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Professional Account 100:1* High Deposit 100,000/5,000,000 units Microlot trading available on request
Advanced Account 100:1* $50,000/unlimited 100,000/5,000,000 units Microlot trading available on request
Standard Account 200:1* $5,000/unlimited 10,000/5,000,000 units Microlot trading available on request
Micro Account 500:1* $50/unlimited 1,000/5,000,000 units
Mini Account 400:1* $1,000/unlimited 1,000/5,000,000 units
Swap-free accounts   - swap-free accounts are charged slightly higher spreads   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 40    46   
No Dealing Desk Execution: Not available There is no dealing desk intervention
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 0.6 pips (Professional) to 2 pips (Micro)
Fixed spreads: No No
Guaranteed stop losses? Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage. Yes, limit and stop orders are guaranteed against slippage, except under market conditions
Trailing Stops: None Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes, traders can simultaneously hold both long and short positions in the same currency pair.
Automated Trading: No Yes
Trading Hours: Sunday 9 pm GMT until Friday 9 pm GMT 22:00 GMT on Sunday to 22:00 GMT on Friday
Timezone GMT GMT +2 (no Sunday bar)
Scalping allowed: Minimum time to close a deal after opening it is 1 minute. Scalping is not allowed
Account currencies available: USD EUR, USD
Platform languages: Arabic, English, French, Portuguese, Spanish Many
Support languages: English Arabic, English
Demo account: Yes  
Live chat support: 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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