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Compare Forex Brokers UFX Bank And AskOBid


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Subjective Ratings

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UFX Bank

AskOBid

Charting: One star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Five star Execution Rating
Transaction costs (spreads): Two and Half star Transaction Costs (spreads) Rating Four 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 Five star Platform Reliability Rating
Customer support: Zero Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Four and Half star Rollover interest rates Rating Four 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

AskOBid

 
Registered Business Name: UFX Trade LLC O.C.M. Online Capital Markets Ltd.
Broker Headquarters: Israel Limassol, 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 - funds held at Marfin Popular Bank, Cyprus
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
4B Debit
AMEX
Carta Si
Carte Bleue
Dankort Debit
Delta Debit
Diners Club
EC
eNETS
ePay.bg
EPS
Euro6000 Debit
giropay
iDEAL
JCB
Laser Debit
MasterCard/Maestro
Moneybookers
Netelis Asia
Nordea
POLi
Postepay
Przelewy24
Sofort
Solo Debit
UnionPay
Visa
Visa Electron
Westpac (WBK)
Wire Transfer
Main liquidity providers: Various major European banks Unknown

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Trading Details

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UFX Bank

AskOBid

 
Browser platform: UFX Bank by ParagonEX Trading Solutions AskOBid Trader (Tradorz)
Downloadable platform: None AskOBid Metatrader 4 (MT4)
Mobile platform: UFX Bank by ParagonEX Trading Solutions AskOBid Trader (Tradorz)
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
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:
Platinum Account 200:1* $10,001/unlimited 100,000/30,000,000 units
Silver Account 200:1* $100/$1,000 5,000/500,000 units
Gold Account 200:1* $1,001/$10,000 25,000/5,000,000 untis
Swap-free accounts   - swap-free accounts are charged slightly higher spreads   No swap-free accounts available
Tradeable Instruments: 40    48   
No Dealing Desk Execution: Not available Depending on risk profile
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 3 pips (0.0003) FIXED (depending on account type)
Fixed spreads: No Yes
Guaranteed stop losses? Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage. Yes, stop loss orders are guaranteed against slippage.
Trailing Stops: None Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: No Yes, on MT4
Trading Hours: Sunday 9 pm GMT until Friday 9 pm GMT Sunday 21:00 PM GMT to Friday 21:00 PM GMT
Timezone GMT GMT
Scalping allowed: Minimum time to close a deal after opening it is 1 minute. Yes on MT4, but not on AskOBid platform (2 min. required between open & close)
Account currencies available: USD USD
Platform languages: Arabic, English, French, Portuguese, Spanish Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish
Support languages: English English, French, German, Portuguese, Spanish, Turkish
Demo account: Yes 21 days
Live chat support: Yes, during UFX Bank trading hours Yes - polite but not particularly knowledgeable
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. 10% deposit bonus on Silver Accounts, 15% on Gold, 30% on Platinum!

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