Bitcoin Crypto Broker UFX

The brokers reviewed by CryptoDerivativeTrading.com are offering a variety of Bitcoin and cryptocurrency trading products as Crypto CFDs, Futures and Options. Be aware that the brokers don’t offer buying or selling of the actual cryptocurrency as exchanges do. There are a variety of advantages of trading  Bitcoin and/or cryptocurrency without owning the actual Bitcoin and/or

Education Crypto Trading

cryptocurrency. CryptoDerivativeTrading.com reviews trading platforms that offer trading with leverage, meaning huge wins and losses can be made in a short amount of time.

The information in this review is by no means an endorsement for any specific provider, service or offering. This is not a recommendation to trade.  

Cryptocurrency / Bitcoin CFD trading explained here.

 

Please click here for a clear comparison and benchmark table on Bitcoin and cryptocurrency brokers

 

Bitcoin Trading Summary Broker

                                       Summary
UFX is one of the recommended brokers by CryptoDerivativeTrading.com. It might not be the cheapest, but its regulated nature, its user-friendly interface and extensive product portfolio makes it a highly recommended broker.

The trading platform of UFX has won multiple awards for user-friendly trading tools and execution speeds. In case your prefer to use MetaTrader4 as a trading platform, this is also offered as a downloadable version for gold and platinum account holders at UFX. UFX offers an extensive educational center including daily video reviews, educational tutorials, a financial calendar, trading ideas, daily market review, news commentary, and analysis. Finally UFX has the widest product portfolio that we have seen so far.

 

 

Before we dive in the more detailed aspects we recommend to open the website of UFX in a new tab by clicking on the button below. This way you can already get familiar with the interface.

 

    

 

Advantages/Pros

Crypto Trading Pro Sign Award winning Trading platform interface.

Crypto Trading Pro Sign Most extensive Bitcoin / crypto product portfolio

Crypto Trading Pro Sign Highly regulated

 

Disadvantages/Cons

Crypto Trading Con Sign Not possible to deposit in Bitcoin / crypto

Crypto Trading Con Sign 24/5 trading hours

Crypto Trading Con Sign Limited leverage possibilities

Crypto Trading Con Sign US traders not accepted

 

Bitcoin Crypto Broker UFX


Investor protection and regulation
UFX is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 127/10. CySEC operates under the Markets in Financial Instruments DirectiveBitcoin Crypto Trading Financial Regulation(MiFID), a European Union law governing all investment activity within the Euro zone. UFX puts all client funds in a segregated bank account and uses tier-1 banks for this.

Account opening
Opening an account is easy and goes through the regular procedure for regulated brokers. For opening an account, a proof of identity and a proof of address document is needed. There are possibilities to set your account on different currencies as EUR, USD, YEN or GBP. Depending on your account balance there are different account types available (Micro, Mini, Standard, Gold and Platinum). For Islamic clients an Islamic account that adheres to the principles of Islamic law regarding banking activity is available.

Funding and withdrawal
There are many different options to fund your account. It is only possible to withdraw funds through the same method as you deposited. Funding and withdrawals can be done via usual methods including bank transfer, credit card, Moneybookers, Skrill, Neteller, Sofort, Webmoney, Qiwi, CashU. A minimum amount of USD 50 is required for deposits, a minimum amount of USD 70 is required for withdrawals.

Product portfolio
UFX has the widest product portfolio I have seen so far. The list is extensive and changes regularly, there it is best to check here for the current crypto product portfolio. Bitcoin and cryptocurrency can be traded with leverage is 2:1. The trading hours are 24/5. Besides crypto, the UFX asset list includes around 250 items, including currency pairs, commodities, indices, stocks, and ETFs.

Fee Structure
UFX does not charge fees on money transfers. UFX has fixed spreads (the spread is the difference between an asset’s buy and sell prices). UFX charges a rollover fee, also known as overnight swap (A rollover fee, or overnight swap is the interest rate calculated for overnight lending).

Customer Service
UFX has a 24/5 live chat support and  24/7 a phone number available 24/7 (+44-208-150-0778). The support can also be reached by mail: support@ufx.com.

 

 

Visit the website of UFX                                    Open an account at UFX

                                       

 

 

Cryptocurrency / Bitcoin CFD trading explained here.

For reviews on other Cryptocurrency / Bitcoin brokers click here for eToro, for SimpleFX here, for Whaleclub here and for Pepperstone here.

You can also try a demo account for trading cryptocurrency / Bitcoin CFD’s without risk of losing capital at: Plus500 eToroSimpleFX, WhaleClub or Pepperstone.