Home | Back to Main Broker Reviews Page |

Bookmark and Share

Compare Forex Brokers UFX Bank And InstaForex


 Compare more forex brokers

Visit UFX Bank Visit InstaForex


Subjective Ratings

Compare Category

UFX Bank

InstaForex

Charting: One star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Three and Half 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 Four and Half star Withdrawal processing Rating
Average rating: Two and Half star Average Rating Four and Half star Average Rating

Visit UFX Bank Visit InstaForex

Business Details

Compare Category

UFX Bank

InstaForex

 
Registered Business Name: UFX Trade LLC InstaForex Group
Broker Headquarters: Israel Russia
Also has offices in: Nicosia, Cyprus and Chicago, IL, USA none
Regulated By: Unregulated RAFMM (Russian Association of Financial Markets Members
In business since year: 2009 2007
Broker Capital as of 05-2009 Unknown Unknown
Client Account Segregation: No Yes, for accounts of $100,000+
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
AlertPay $0 $0
EuroGoldCash $0 (4% bonus given) $0
Global Digital Pay $0 $0
InstaForex Debit $0 1% + $2
Liberty Reserve $0 $0
Moneybookers $0 $0
PayPal $0 $0
Pecunix .15-.5% (max 3GAU) .15-.5% (max 3GAU)
Perfect Money $0 $0
WebMoney $0 $0
Wire Transfer $0 $25
Main liquidity providers: Various major European banks Unknown

Visit UFX Bank Visit InstaForex

Trading Details

Compare Category

UFX Bank

InstaForex

 
Browser platform: UFX Bank by ParagonEX Trading Solutions None
Downloadable platform: None InstaForex Metatrader 4 (MT4)
Mobile platform: UFX Bank by ParagonEX Trading Solutions None
Phone dealing: Yes No
Order processing: Market Maker ECN
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   Yes - no extra fees are incurred on Islamic style accounts
Tradeable Instruments: 40    0   
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 3 pips (0.0003) FIXED
Fixed spreads: No Yes, fixed under all market conditions.
Guaranteed stop losses? Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage. No, 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
Automated Trading: No Yes
Trading Hours: Sunday 9 pm GMT until Friday 9 pm GMT  
Timezone GMT  
Scalping allowed: Minimum time to close a deal after opening it is 1 minute. No
Account currencies available: USD EUR, RUB, USD
Platform languages: Arabic, English, French, Portuguese, Spanish English
Support languages: English English
Demo account: Yes Unlimited
Live chat support: Yes, during UFX Bank trading hours During market hours
Interest on Margin: No 13% on unused margin
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.  

Visit UFX Bank Visit InstaForex


Bookmark and Share