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UFX Bank Forex Broker Review
About UFX Bank Forex Broker
UFX Bank is based in United Kingdom, and is not watched over by any regulation board. They have a lot of withdrawal and deposit options, such as PayPal, WebMoney, Moneybooker, Neteller, wire transfer, Western Union and any major credit or debit card. Their minimum account requirement is $500, which is a relatively normal amount. However, they only started their online operations in 2009.
Upon checking the website of UFX Bank, all the basic information is published on the site. They seem to be active enough. So far, they have good reviews from the best forex websites, but the number of reviews are rather less due to the fact that UFX Bank is a newcomer in the online forex trading scene.
UFX Bank Forex Broker has 24 hours customer support, and they seem to have good customer service. If they keep the quality of service up, they will certainly make a name for themselves online.
Basic Broker Details
| Site | http://www.ufxbank.com/ |
| Country of Origin | United Kingdom |
| Accepted Deposit Modes | PayPal, WebMoney, Moneybooker, Neteller, wire transfer, Western Union and any major credit or debit card |
| Withdrawal Method | PayPal, WebMoney, Moneybooker, Neteller, wire transfer, Western Union and any major credit or debit card |
| Leverage | 1:200 |
| Regulation Body | Not regulated |
| Spread | 2-4 pips (EUR or USD) |
| Minimum Account Requirement | $500 |
Pros of UFX Bank Forex Broker
* Many deposit and withdrawal modes available
* Browser based platform
Cons of UFX Bank Forex Broker
* Spreads can get as high as 4 pips
* Browser-based trading platform can sometimes get slow
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