UFX Commission or Brokerage Charges – Review, Plans, FAQs & more
Find out all details about UFX Commission or Brokerage here.
UFX is an International Forex, CFD, and social trading platform that is fueled by its proprietary Insights Technology.
It became operational in 2010 and offers over 100 options of tradable assets to its users.
UFX provides a wide range of trading account options to its users with different offerings of trading tools and functionalities in each account.
If you want to know about the UFX Brokerage plan and other types of charges associated, then read the article.
Here, we will put light on each of the crucial factors of the UFX Brokerage charges that the trader must consider while opening a trading account.
Scrutinize each aspect along with the expenses involved to decide the most suitable trading account to trade in.
UFX Commission or Brokerage Charges
The Forex Broker offers six different types of trading accounts to its users and the UFX brokerage fees vary in all of the accounts.
UFX commission plans are the most economical ones that liberate the traders to trade freely and take healthy risks.
It is one of the top forex brokers that involve no commission charges in each of its accounts.
However, there are other charges such as spread, leverage, withdrawal fee, initial deposit that keep varying in each of its accounts depending upon the products you are trading in and the size of your investment.
UFX trading accounts offer a tighter spread from 0.2 pips in its professional trading accounts such as Gold, platinum, and Islamic, 0.3 pips in the standard account, and 0.4 pips in the Micro and Mini account. The standard leverage offered is 30:1.
Fill up the Form – Open Forex Trading Account Now!
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Types of UFX Commission Plans
|Types of Commission Plans|
|Account Type||MICRO / MINI Account||MINI Account||STANDARD Account||Gold Account||Platinum Account||Islamic Account|
|Spread||4 pips||4 pips||3 pips.||its 2 pips||2 pips||2 pips|
|Leverage||1:30||1:30||its 1:30||1:30||its 1:30||1:30|
UFX Commission plans differ for each of its trading accounts depending upon the services and trading tools it offers.
In this section, we will discuss different types of charges associated with each of the trading accounts.
Micro/Mini Account is the trading account that involves no commission charges. Initial deposit required is $100. The spread offered in this account is 0.4 pips with a leverage of 30:1.
In the Mini account, the commission charges are not applicable. The initial deposit amount required is $ 500. The spread charges are from 0.4 pips with leverage of 30:1.
In Standard Account, there are no commission charges applicable. It offers comparatively a tighter spread from 0.3 pips.
The initial deposit amount is double of a Mini account that is $1000. It also offers the same leverage of 30:1.
more on UFX Account Brokerage Charges
The gold account requires a minimum deposit of $5000 to access the trading account.
Commission charges are waived off in this account and the leverage offered is 30:1. Gold Account holders offer a tighter spread as low as 0.2 pips.
The commission plan of the Platinum trading account requires the initial deposit amount worth $ 10,000.
The account does not involve any commission charges and offers a tighter spread to its traders from 0.2 pips.
The Islamic Trading Account requires the initial deposit amount same as the platinum account that is $10, 000. The spread charges are also 0.2 pips.
It also does not include any commission charges.
Though the leverage is 30:1, UFX offers the maximum leverage of up to 400:1 for its regular traders.
UFX Account Opening Process
Check out account opening process here –
Open UFX Trading Account
Browse the UFX Website, and choose the preferred Account out of the six various types of account options –Micro/Mini Account, Mini Account, Standard Account, Gold Account, Platinum Account, Islamic Account.
- Click on “Open your account option” and a pop form will appear. Fill the form with all the necessary details and submit it
- Now the next step is the “Online Application”, fill that application with the necessary information and submit it to proceed further.
- Now, the broker will ask for verification and may demand the submission of the scanned copies of your important documents such as identity proof, residential proof, bank statements, and photographs.
- The broker will verify your application and documents. Once the account is verified, it will get activated within 1 to 2 working days and the broker will send you login credentials on your email along with a confirmation letter.
- Now download the app or software or log in directly on your live trading account using the login credentials.
- Look around the account, choose your favorite trading tools, and establish trading strategies.
- Check out the various features and deposit the minimum funds required along with other charges to access the trading account and begin trading.
UFX Payment or Withdrawal Methods
|Deposit Options||Bitcoin Payments, Cashu, Paysafecard, POLi, QIWI, Sofort|
|Withdrawal Options||Bitcoin Payments, Cashu, Paysafecard, POLi, QIWI, Sofort|
The brokerage companies keep the brokerage fees of different trading accounts different depending upon the various offerings of each trading account.
There are various charges involved in each account that have to be paid by the traders at different time intervals.
The process of funding and withdrawing funds from the trading account should be smooth and convenient so that the trader can easily withdraw or deposit funds at any point in time from any place.
UFX trading platform has come up with various options for depositing funds to ensure that the traders can deposit funds suitably as and when required.
The deposit options UFX fee plan offers to its trader’s are- Bitcoin Payments, Cashu, Paysafecard, POLi, QIWI, Sofort
The same set of options can be used for the withdrawal fund process as well, i.e. Bitcoin Payments, Cashu, Paysafecard, POLi, QIWI, Sofort.
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UFX Investment Assets
|Supported Cryptocoins||Bitcoin, Bitcoin Cash|
|Total Tradable Assets||7|
|Number Of Currency Pairs||NA|
|Number Of Cryptocurrencies||4|
|Number Of Stocks||6|
|Number Of Indices||NA|
|Number Of Commodities||4|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||4|
It is important to know about the investment assets a forex broker offers to its users as the traders have a definite interest in investing in particular investment instruments.
UFX brokerage firm provides a variety of investment assets for trading for each of its trading accounts.
UFX offers Currencies Trading, stock trading, ETFs trading, and commodities trading in its various accounts for its users.
The total number of ETFs UFX offers is four. It offers six types of stocks and four types of commodities for trading.
UFX provides the seven major tradable assets for trading including- Commodities, Overnight Commission, Asset Expirations, Currencies, Stocks, ETFs, Indices, etc.
With UFX, the traders can get real-time charts and live rates of all the rage ETFs (Exchange Traded Funds).
It also provides various Supported Crypto coins such as bitcoin and bitcoin cash.
The total number of cryptocurrencies provided By UFX is four.
UFX Commission – Conclusion
Now you can analyze each side of the trading accounts of UFX before deciding on one, with all the information presented here about the UFX commission plans, investment assets, Modes of withdrawal and deposit funds, brokerage charges, account opening process, and more.
Compare the charges and make a well-planned investment strategy to execute your trade and ensure maximum revenue earned in your pocket.
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UFX Charges or Fees – FAQs
Here is the list of FAQs related to the UFX Brokerage Charges or Fees:
Does UFX charge commission?
No, the trading platform UFX has waived off the commission charges from most of its trading accounts.
It is one of the affordable trading platforms that offer the traders enjoy low brokerage charges as compared to other brokers.
UFX offers six types of trading accounts and each account has a different charges plan with a tight spread and leverage of 30:1.
Though the commission charges are waived off, the broker may include them depending upon the size and frequency of the trade.
How much does UFX charge as brokerage?
Brokerage fees vary with each trading account depending upon the volume of the transactions and initial deposit.
For micro and mini accounts, the spread is from 0.4 pips, for a standard account, the spread is 0.3 pips and for gold, platinum, and Islamic accounts, the broker offers a tight spread as low as 0.2 pips.
However, the spread charges keep varying with the products you are trading in.
The initial deposit amount also varies in the different trading accounts along with the leverage.
What is the Minimum Deposit required in Go Markets?
The Minimum Deposit required in Go Markets trading accounts varies in each of the trading accounts.
The micro account meant for the traders who are new into the forex market has to pay a minimum deposit amount of $100.
For a mini account, the initial deposit amount required is $500, Standard account meant for traders with decent experience requires an initial deposit amount worth $ 1000.
The premium UFX accounts have a higher deposit amount. The gold account holders require depositing $ 5000 and the platinum and Islamic account holders require to pay a sum of $ 10, 000.
How much leverage does UFX provide?
UFX provides the leverage of 30:1 in each of its trading accounts.
Though the initial deposit amount differs in each of the accounts UFX has kept the same leverage in all accounts.
However, it may extend the leverage to up to 400:1 for the regular traders to provide them the liberty to employ trade practices smoothly.
The spread charges vary in each of the accounts on the basis of the size of the trade.
How much is Spread at UFX?
UFX spread varies in each of its trading accounts depending upon the minimum deposit amount involved. It makes its capital on the small “spread” between the bids and asks prices.
With tighter spread charges, the trader has to pay a little over the market price.
UFX offers a tight spread as low as 0.2 pips in its gold, platinum, and Islamic trading account.
In the standard account, the spread charges are from 0.3 pips. In the Micro/mini trading account and Micro account, the spread charges are from 0.4 pips.
What type of Commission Plans are available in UFX?
UFX is the trading platform that has waived off commission charges from all of its trading accounts to provide its users an affordable medium to trade.
Though, there are different types of other charges associated with each of the accounts based on its offerings.
Does UFX provide Cryptocurrency for Investment?
Yes, UFX provides four types of cryptocurrency for investment. The supported crypto coins to trade in are bitcoin and bitcoin cash.
Is UFX legit Forex Broker?
Yes, UFX is a legit broker. It is regulated by CySEC and is fully compliant with the EU-MiFID Directive and ESMA standards.
Founded in 2007, its European Customer Support Centre functions as per the German standards and is adhered to BaFin, the German Financial Supervisory Authority (license number 80164620).
Since UFX is a regulated broker, it cannot manipulate the prices and provide better safety to traders.
Can I invest in UFX for $5?
No, the minimum deposit amount is $100 for the Micro/Mini account. Below $100, no UFX account is available for trading.
Are there any hidden charges available with UFX?
No, there are not any hidden charges on the UFX trading platform.
It is the platform regulated under reputed forex regulatory authorities and hence follows complete transparency with the prices of the products it offers for trading and for the brokerage fee that has to be during specific time intervals.
Fill up the Form – Open Forex Trading Account Now!
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