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Compare Forex Brokers UFX Bank And FxPro


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Subjective Ratings

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UFX Bank

FxPro

Charting: One star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Two and Half 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 Three and Half 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

FxPro

 
Registered Business Name: UFX Trade LLC FxPro
Broker Headquarters: Israel Limassol, Cyprus
Also has offices in: Nicosia, Cyprus and Chicago, IL, USA London, Nice, Vienna, Athens, Moscow
Regulated By: Unregulated CySEC and ECB through MiFID
In business since year: 2009 2006
Broker Capital as of 05-2009 Unknown Unknown
Client Account Segregation: No Hellenic Bank, Eurobank, HSBC
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
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Various major European banks FXPro is the counter party to all trades.

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Trading Details

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UFX Bank

FxPro

 
Browser platform: UFX Bank by ParagonEX Trading Solutions FxPro WebTrader
Downloadable platform: None FxPro Metatrader 4 (MT4)
Mobile platform: UFX Bank by ParagonEX Trading Solutions FxPro WebTrader
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:
FXPro Account 500:1* $500/unlimited 10,000/unlimited
Swap-free accounts   - swap-free accounts are charged slightly higher spreads   No swap-free accounts available
Tradeable Instruments: 40    105   
No Dealing Desk Execution: Not available No
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, spreads vary according to market liquidity
Guaranteed stop losses? Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage. All orders are executed at best available price.
Trailing Stops: None Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes - no extra margin is used.
Automated Trading: No Yes, on MT4
Trading Hours: Sunday 9 pm GMT until Friday 9 pm GMT Sunday 22.00 GMT closing Friday 22.00 GMT
Timezone GMT GMT+2
Scalping allowed: Minimum time to close a deal after opening it is 1 minute. Yes
Account currencies available: USD CHF, EUR, GBP, JPY, 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 Arabic, Chinese, English, Farsi, French, German, Greek, Hindi, Italian, Japanese, Korean, Polish, Romanian, Russian, Spanish
Demo account: Yes Unlimited
Live chat support: Yes, during UFX Bank trading hours Yes, very 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. None

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