UFXBank - Forex Broker Review

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UFXBank is a UK based broker and comprises of a solid team of industry pros, having over 50 years combined experience in the Foreign Exchange world. The platform used at UFXBank was originally created and developed by the CEO himself providing the most up to date charts and feeds to the customers.

UFXBank understands the high risk involved in trading the Forex market so much that it provides a daily market update with trade videos and trading tips in order to help the clients be prepared for the trading day and succeed.

Benefits of opening an account with this broker are as follows:

• Daily market update and trading tips, which includes signals, market reports etc.. (very helpful for both new and experienced traders)
• One-on-one chat with trading experts
• Live market alerts via text message
• Browser-based trading platform
• Selection of advanced trading tools at you disposal
• Access to the commodities market
• Good selection of payment option

Those are some of the positives of having an account with UFXBank and to tell you the truth they are quite tempting to say the least. However before jumping to conclusion, let’s have a closer look at the disadvantages of this broker.

Firstly UFXBank is an unregulated broker (note: regulation does not always equal to trustworthy), which may be considered bad news if you only trust regulated brokers. This brokers has a fairly high spread when compared to other brokers, which makes it unsuitable for scalpers going for the quick buck, and finally you may open a demo account only after talking to the manager. This may be inconvenient for some.

Overall, this broker seems to be legitimate with some great feedbacks from many happy customers.

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