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Compare Forex Brokers UFX Bank And ICM Trading


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Subjective Ratings

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UFX Bank

ICM Trading

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 Four 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 Four 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 and Half star Average Rating

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Business Details

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UFX Bank

ICM Trading

 
Registered Business Name: UFX Trade LLC iTrade Capital Markets Ltd.
Broker Headquarters: Israel British Virgin Islands (BVI)
Also has offices in: Nicosia, Cyprus and Chicago, IL, USA none
Regulated By: Unregulated Unregulated
In business since year: 2009 2009
Broker Capital as of 05-2009 Unknown Unknown
Client Account Segregation: No Client funds are segregated and held at Loyal Bank, St. Vincent and the Grenadines
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
Liberty Reserve $0 $0
MasterCard $0 $0
Moneybookers $0 $0
Visa $0 $0
Wire Transfer $0 $0
Main liquidity providers: Various major European banks Unknown

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Trading Details

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UFX Bank

ICM Trading

 
Browser platform: UFX Bank by ParagonEX Trading Solutions None
Downloadable platform: None ICM Trading ActTrader,ICM Trading Metatrader 4 (MT4)
Mobile platform: UFX Bank by ParagonEX Trading Solutions ActTrader Mobile,Metatrader Mobile
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:
ActTrader Account 400:1* $500/unlimited 10,000/5,000,000 units 1 lot = 10,000 units
MT4 Account 400:1* $500/unlimited 10,000/5,000,000 units 0.1 lot = 10,000 units
Swap-free accounts   - swap-free accounts are charged slightly higher spreads   All accounts are Shariah compliant, but a charge of $1/mini-lot/day is applicable to all overnight positions
Tradeable Instruments: 40    34   
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, all stop and limit orders are guaranteed against slippage.
Trailing Stops: None Client-side
OCO orders available: No Yes,
If/then orders available: No Yes,
Hedging capability: Yes Yes
Automated Trading: No On MT4 and ActTrader
Trading Hours: Sunday 9 pm GMT until Friday 9 pm GMT Sunday evening at 5:00 pm (EST) through Friday afternoon at 4 pm (EST)
Timezone GMT EST
Scalping allowed: Minimum time to close a deal after opening it is 1 minute. Short-term trading OK, but trading on 'off-market' pricing
Account currencies available: USD EUR, USD
Platform languages: Arabic, English, French, Portuguese, Spanish Arabic, Bulgarian, Dutch, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: English English, French, German, Italian, Spanish
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. 10% bonus on deposits up to $1999. $500 bonus on deposits of $2,000+

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