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Compare Forex Brokers UFX Bank And FX Club US


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Subjective Ratings

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UFX Bank

FX Club US

Charting: One star Charting Rating Five 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 Five star User-friendliness Rating
Platform Functionality: One star Platform Functionality Rating Four and Half star Platform Functionality Rating
Platform Reliability: Three star Platform Reliability Rating Five 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 Four star Rollover interest rates Rating
Withdrawal processing: One star Withdrawal processing Rating Four and Half 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

FX Club US

 
Registered Business Name: UFX Trade LLC Forex Club LLC
Broker Headquarters: Israel New York, NY, USA
Also has offices in: Nicosia, Cyprus and Chicago, IL, USA none
Regulated By: Unregulated NFA (0358265), registered with CFTC
In business since year: 2009 2006
Broker Capital as of 05-2009 Unknown $20,847,578
Client Account Segregation: No No
Collect Taxes on Earnings: No 1099 form provided
Prohibit clients from: No Yes
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
Not loaded
Main liquidity providers: Various major European banks Unknown

Visit UFX Bank Visit FX Club US

Trading Details

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UFX Bank

FX Club US

 
Browser platform: UFX Bank by ParagonEX Trading Solutions ActTrader Web,Rumus Web,Tradency
Downloadable platform: None ActTrader,ExpressFX,Rumus
Mobile platform: UFX Bank by ParagonEX Trading Solutions ActTrader iPhone/iPad,ActTrader Mobile,Forex Club Droid,Rumus Mobile
Phone dealing: Yes No
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:
Not loaded
Swap-free accounts   - swap-free accounts are charged slightly higher spreads   No swap-free accounts available
Tradeable Instruments: 40    22   
No Dealing Desk Execution: Not available No, all order are routed through FX Club's dealing desk.
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 0.8 pips (0.00008)
Fixed spreads: No No
Guaranteed stop losses? Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage. No
Trailing Stops: None Server-side
OCO orders available: No Yes,
If/then orders available: No Yes,
Hedging capability: Yes No hedging due to NFA regulation.
Automated Trading: No ActTrader & Tradency
Trading Hours: Sunday 9 pm GMT until Friday 9 pm GMT 21.00 GMT Sunday - 21.00 GMT Friday
Timezone GMT User-defined (on ActTrader)
Scalping allowed: Minimum time to close a deal after opening it is 1 minute. Yes, all trading methods are accepted.
Account currencies available: USD USD
Platform languages: Arabic, English, French, Portuguese, Spanish English
Support languages: English Chinese, English, Portuguese, Russian
Demo account: Yes 30 days
Live chat support: Yes, during UFX Bank trading hours Yes
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. None at this time

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