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Compare Forex Brokers UFX Bank And Fast Brokers


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Subjective Ratings

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UFX Bank

Fast Brokers

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 Four star Platform Reliability Rating
Customer support: Zero Customer Support Rating Four and Half 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 Five 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

Fast Brokers

 
Registered Business Name: UFX Trade LLC Fast Trading Services LLC
Broker Headquarters: Israel Glendale, California, USA
Also has offices in: Nicosia, Cyprus and Chicago, IL, USA None
Regulated By: Unregulated NFA (ID#: 0342002)
CFTC Registered
In business since year: 2009 2004
Broker Capital as of 05-2009 Unknown Unknown
Client Account Segregation: No Yes (some restrictions apply)
Collect Taxes on Earnings: No No
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
BPS Electronic Funds $0 $0
Check $0 $0
Credit Card $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Various major European banks Currenex®, Integral®, Fortex®, Stonex

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Trading Details

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UFX Bank

Fast Brokers

 
Browser platform: UFX Bank by ParagonEX Trading Solutions Fast Brokers Currenex Java Classic
Downloadable platform: None PathFinder Trader™
Mobile platform: UFX Bank by ParagonEX Trading Solutions Coming Soon
Phone dealing: Yes Yes
Order processing: Market Maker DMA to multiple ECNs
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:
Pathfinder FUTURES N/A €/$2,500/unlimited 1 lot
Pathfinder Trader ECN2 50:1* $100,000/unlimited 100,000/unlimited
Pathfinder Trader non-US 200:1* €2,500/unlimited 10,000/unlimited
Pathfinder Trader US ECN 50:1* $2,500/unlimited 10,000/unlimited
Swap-free accounts   - swap-free accounts are charged slightly higher spreads   Yes - no extra fees are incurred on Islamic style accounts
Tradeable Instruments: 40    21   
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 0.4 pips (0.00004) on ECN2 feed
Fixed spreads: No Fixed spreads on Retail Accounts. Floating spreads on Pro and ECN Accounts.
Guaranteed stop losses? Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage. No, orders are executed at best available price.
Trailing Stops: None Client-side
OCO orders available: No Yes
If/then orders available: No Yes
Hedging capability: Yes Yes, a workaround to the NFA FIFO rule is in place, using separate feeds..
Automated Trading: No Yes
Trading Hours: Sunday 9 pm GMT until Friday 9 pm GMT Sunday 5.00 PM to Friday 04.00 PM EST
Timezone GMT User defined
Scalping allowed: Minimum time to close a deal after opening it is 1 minute. Yes, without restrictions
Account currencies available: USD CHF, EUR, GBP, USD
Platform languages: Arabic, English, French, Portuguese, Spanish Many
Support languages: English Armenian, Chinese, English, French, German, Indonesian, Italian, Persian, Portuguese, Spanish
Demo account: Yes 30 days
Live chat support: Yes, during UFX Bank trading hours 24/5
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

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