UFX Bank Review

Background

A young broker established just recently, UFX Bank is quickly becoming established as one of the premiere caterers to all your needs forex. The firm is headquartered in London, but also operates in the U.S. and is regulated by the NFA.

Visit UFX Bank now and get a free demo account or start trading with a live account right away

Singular Advantages of UFX Bank

UFX Bank offers many great and unique opportunities both to aspiring traders who would like to get acquainted with the great potential of forex, and also to professionals who seek a thorough, efficient and detailed experience in currency trading.

Perhaps the most important aspect of UFX Bank as a broker is that it is catering to clients not as input providers to a software platform, but as real individuals with different experiences and expectations in trading. Clients are free to place their orders through UFX Bank's competent traders each of whom is "a real trading expert who guides each trader through the trading process". Thus, if you have questions, complaints, opinions about any aspect of currency trading, UFX Bank's dealers will consider and clarify each one of them for you in order to create the ideal trade for your demands. In an age where trading is becoming more and more automated and impersonal, UFX Bank is creating a unique and innovative service for the client, going far beyond being a mere supplier of numbers and charts to an automated platform.

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Trading Platform

UFX Bank implements the new and exciting ParagonEx trading platform, which is a highly flexible, efficient and advanced program developed to meet the needs of 10,000 clients as competently as those of only 10. In other words, UFX Bank chose the ParagonEx platform to service a large number of clients as if it were servicing a small select core of VIPs with deep backgrounds in trading and vast financial power.

The software offers the highest flexibility in content management, making a vast selection of data available to the client who can then utilize them for any aspect of analysis. The platform is fully customizable and features multilingual support, chat and news services, in addition to a news calendar.

Being that UFX Bank regulated by the NFA, leverage is capped at 100:1.  It's imperative that every trader understands that increasing leverage also increases risk.

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Deposits and Withdrawals

The broker accepts deposits via PayPal, WebMoney, NeTeller, major credit cards and MoneyBookers. The minimum initial deposit is somewhat on the higher side at $500 compared to the industry average.

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Customer Care

UFX Bank specializes in the services aspect of being a forex broker, so it doesn't surprise us to see that the firm excels in the customer care department. Upon becoming a client, you will have ready access to the expert support staff of the firm who are available throughout the day, providing in-depth analysis and advice on trade decisions. Even before becoming a client of UFX Bank you have the option of chatting with a representative or receiving a call during which enlightening information about the risks and advantages of forex trading are provided. Chat support, email access, as well as an online service for resolving computer-related problems are all available continuously. UFX Bank is clearly committed to making a difference in how the industry treats customers and this is obvious in the diligence of the customer support staff.

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Beginner's Support

UFX Bank provides daily briefings, webinars, chat opportunities and expert support during the trading process to all clients regardless of experience level. Thus, it is not unfair to characterize the firm as approaching all customers with the patience and understanding that would be required while interacting with a novice trader. The beginner is unlikely to have much problems getting habituated to forex trading while he is a client of UFX Bank.

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Safety

Safety is always a paramount concern in the minds of traders. Most of us would not even consider a firm unless convinced of its accountability and honesty in financial statements and interactions with the customer. To that end, UFX Bank implements the industry standard 128-bit SSL encryption system, along with multiple backup facilities at server farms which are protected by armed guards at all times, as well as a sophisticated system of firewalls in order to prevent any unauthorized access to client or company information. To further confirm the security of this broker, UFX Bank is also a member of the NFA.

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Conclusion

UFX Bank is new, but it is already a rising star among its large number of competitors. If you seek the edge in terms of competence, respect to the client and beginner support, UFX Bank may well be the suitable choice for you. The firm is very flexible in responding to client demands and it is a great idea to visit the website even now, in order to become acquainted with the numerous choices that they make available to many different types of customers.

The outstanding ParagonEx system, the professional support staff, the expert traders of the firm that guide and advise traders, ease of deposits and withdrawals, and a vast amount of secondary resources that are made available to UFX Bank clients all make this firm a promising new actor in the forex brokerage business. If you want to experience something fresh and refreshing in forex trading, go visit UFX Bank now!

Visit UFX Bank now and get a free demo account or start trading with a live account right away