Home | Back to Main Broker Reviews Page |

Bookmark and Share

Compare Forex Brokers eToro And UFX Bank


 Compare more forex brokers

Visit eToro Visit UFX Bank


Subjective Ratings

Compare Category

eToro

UFX Bank

Charting: Three and Half star Charting Rating One star Charting Rating
Execution: Four star Execution Rating Four star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Two and Half star Transaction Costs (spreads) Rating
User-friendliness: Five star User-friendliness Rating Four star User-friendliness Rating
Platform Functionality: Three star Platform Functionality Rating One star Platform Functionality Rating
Platform Reliability: Three star Platform Reliability Rating Three star Platform Reliability Rating
Customer support: Five star Customer Support Rating Zero Customer Support Rating
Rollover interest rates: Zero Rollover interest rates Rating Four and Half star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating One star Withdrawal processing Rating
Average rating: Three and Half star Average Rating Two and Half star Average Rating

Visit eToro Visit UFX Bank

Business Details

Compare Category

eToro

UFX Bank

 
Registered Business Name: Tradonomi LLC UFX Trade LLC
Broker Headquarters: Cyprus Israel
Also has offices in: None Nicosia, Cyprus and Chicago, IL, USA
Regulated By: CySEC (Cyprus)
NFA (0382918 eToro USA)
NOT a CFTC-registered FCM
Unregulated
In business since year: 2004 2009
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: Marfin Popular Bank, Cyprus No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club
MasterCard
Moneygram
NETeller
PayPal
Visa
Western Union
Wire Transfer
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
Main liquidity providers: Unknown Various major European banks

Visit eToro Visit UFX Bank

Trading Details

Compare Category

eToro

UFX Bank

 
Browser platform: WebTrader UFX Bank by ParagonEX Trading Solutions
Downloadable platform: eToro (proprietary) None
Mobile platform: WebTrader UFX Bank by ParagonEX Trading Solutions
Phone dealing: Yes Yes
Order processing: STP (Straight Through Processing) Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 400:1* $50/unlimited 1,000
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
Swap-free accounts   Yes - no extra fees are incurred on Islamic style accounts   - swap-free accounts are charged slightly higher spreads
Tradeable Instruments: 18    40   
No Dealing Desk Execution: Yes Not available
Typical spread on EUR/USD: 3 pips (0.0003) 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
Fixed spreads: Yes No
Guaranteed stop losses? Yes Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage.
Trailing Stops: None None
OCO orders available: No No
If/then orders available:   No
Hedging capability: Yes Yes
Automated Trading: No No
Trading Hours: Sun. 21:00GMT - Fri. 20:00GMT Sunday 9 pm GMT until Friday 9 pm GMT
Timezone GMT GMT
Scalping allowed: No, eToro does not allow scalping Minimum time to close a deal after opening it is 1 minute.
Account currencies available: USD USD
Platform languages: Arabic, Chinese, English, Finnish, French, German, Greek, Italian, Japanese, Portuguese, Russian, Spanish, Turkish Arabic, English, French, Portuguese, Spanish
Support languages: Arabic, Chinese, English, Finnish, French, German, Greek, Hindi, Italian, Portuguese, Russian, Spanish, Turkish English
Demo account: Unlimited Yes
Live chat support: Yes - within platform Yes, during UFX Bank trading hours
Interest on Margin: No No
Promotions & tournaments: 5% bonus on deposits of $20,000 or more. 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 eToro Visit UFX Bank


Bookmark and Share