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Compare Forex Brokers UFX Bank And Baron Forex


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Subjective Ratings

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UFX Bank

Baron Forex

Charting: One star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Three star Execution Rating
Transaction costs (spreads): Two and Half star Transaction Costs (spreads) Rating Four and Half 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 Three star Rollover interest rates Rating
Withdrawal processing: One star Withdrawal processing Rating Three and Half star Withdrawal processing Rating
Average rating: Two and Half star Average Rating Four star Average Rating

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Business Details

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UFX Bank

Baron Forex

 
Registered Business Name: UFX Trade LLC BFX Capital Inc.
Broker Headquarters: Israel Belize City, Belize
Also has offices in: Nicosia, Cyprus and Chicago, IL, USA New York, Toronto, Cyprus
Regulated By: Unregulated IFSC (Belize) No. 6012909
In business since year: 2009 2008
Broker Capital as of 05-2009 Unknown Unknown
Client Account Segregation: No Marfin Popular Bank, Cyprus or Standard Chartered Bank, UAE
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-$50 depending on
Wire Transfer $0 $0-$50 depending on
Main liquidity providers: Various major European banks Several major banks in Switzerland and the UK

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Trading Details

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UFX Bank

Baron Forex

 
Browser platform: UFX Bank by ParagonEX Trading Solutions None
Downloadable platform: None Baron Forex Metatrader 4 (MT4)
Mobile platform: UFX Bank by ParagonEX Trading Solutions None
Phone dealing: Yes Yes
Order processing: Market Maker All orders routed through 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:
Mini Account 200:1* $300/unlimited 10,000/unlimited
100k Account 200:1* $2,000/unlimited 100,000/unlimited
Swap-free accounts   - swap-free accounts are charged slightly higher spreads   Yes - no extra charges if trading volume exceeds 1.5 million per 30 day period. Otherwise $20 per 100,000 held over night.
Tradeable Instruments: 40    26   
No Dealing Desk Execution: Not available 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 2 pips (0.0002) FIXED
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, clients can hold both long and short positions in the same currency pair at the same time.
Automated Trading: No Yes
Trading Hours: Sunday 9 pm GMT until Friday 9 pm GMT Sunday 5:00 PM New York time until Friday 4:30 PM New York time
Timezone GMT GMT datafeed
Scalping allowed: Minimum time to close a deal after opening it is 1 minute. Yes, traders are free to practice any trading style.
Account currencies available: USD CAD, EUR, USD
Platform languages: Arabic, English, French, Portuguese, Spanish 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
Support languages: English English, Spanish
Demo account: Yes 30 days
Live chat support: Yes, during UFX Bank trading hours Yes, excellent support is available during 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. $200 FREE for all new accounts, which can be withdrawn after 30 standard lots have been traded round turn within 60 days. 5% match bonus on all other deposits. $50 rebate for every 10 lots traded.

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