UFX Partners

In my view, the main advantage is that UFX has been around for a long time, which means they’ve survived multiple market cycles. They also offer live chat support, which makes contacting them easier compared to brokers with only email forms.

From my own research into UFX, I can confirm that it was once regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 127/10, but that license has been revoked. This means it currently operates without active regulatory oversight, which for me is a major red flag. Trading with an unregulated broker like UFX means there’s no investor protection from a financial authority if things go wrong.

From my research, UFX only offers forex trading. That’s quite limiting in my opinion, especially since I usually look for brokers that provide commodities, indices, and cryptocurrencies to diversify my strategies.

UFX does not offer a demo account, which for me is a major negative because I rely on demos to test a broker’s execution and spreads before committing real money. There’s also no mention of an Islamic account, so swap-free trading likely isn’t an option.