Profile
UFX is an offshore forex and CFD broker offering trading in currencies, indices, commodities, stocks, and cryptocurrencies via a proprietary platform and MetaTrader 5. Operated by Reliantco Investments Ltd, the broker is registered in the Marshall Islands and targets retail traders with fixed spreads and simplified execution. This UFX review examines its regulatory standing, platform features, market access, account options, and overall transparency.
Regulation and Security
UFX operates under Reliantco Investments Ltd, a company registered in the Marshall Islands, a jurisdiction that does not regulate or supervise financial service providers. The broker previously held a CySEC license under Reliantco Investments Ltd, but that license is no longer active.
As of 2025, UFX is an unregulated broker. This means no capital reserve requirements, investor compensation fund, or enforceable protections such as negative balance guarantees. Client funds may not be held in segregated accounts, and users must rely solely on the firm’s internal practices.
Execution Model
UFX uses a Market Maker execution model with fixed spreads. Trades are filled internally and may involve conflict of interest. The broker does not offer ECN or STP account options. While this model may appeal to new traders seeking simplicity and fixed costs, it lacks execution transparency.
No slippage reports, latency data, or order routing disclosures are published. UFX states that trade execution is instant, but there is no third-party audit to confirm this claim.
Trading Platforms
UFX offers two main trading platforms:
- MassInsights™ Platform: UFX’s proprietary web-based platform with real-time market sentiment and simplified trade execution
- MetaTrader 5 (MT5): For users preferring standard charting, EAs, and advanced order types
MT4 is no longer supported. The proprietary platform lacks depth for advanced technical traders, while MT5 access is more appropriate for experienced users.
Supported Markets
UFX offers CFD trading on over 300 instruments across five asset classes:
- Forex: 50+ major and minor currency pairs
- Indices: Global benchmarks including US500, GER40, UK100
- Commodities: Gold, oil, natural gas, silver
- Stocks: US and EU equities including Apple, Tesla, Amazon
- Cryptocurrencies: BTC/USD, ETH/USD, XRP/USD
All instruments are available via CFD contracts. There is no support for spot trading or real asset ownership.
Account Types and Trading Conditions
UFX offers tiered account types with increasing benefits:
- Micro Account: $100 minimum deposit, basic trading tools
- Mini, Standard, Gold, Platinum: Up to $10,000+ minimum, access to MassInsights™, tighter spreads, personal coaching
Core trading conditions include:
- Spreads: Fixed, starting from 2 pips on major pairs
- Leverage: Up to 1:400 for forex (varies by region)
- Minimum lot size: 0.01 lots
- Order types: Market, limit, stop loss, take profit
No ECN accounts or raw spread pricing is offered. The fixed spread model may be costly for active traders.
Retail and Institutional Features
UFX caters exclusively to retail traders. Available features include:
- Daily video updates and market sentiment via MassInsights™
- Personal trading coaches for higher-tier accounts
- Basic education center with eBooks and webinars
The broker does not support institutional services such as FIX API, white-label partnerships, or liquidity provision.
Client Protection and Transparency
UFX provides minimal client protections due to its offshore status:
- No regulation or investor compensation fund
- No published financial statements or audit results
- No confirmation of negative balance protection
While UFX claims to use secure data handling and segregated accounts, these are not enforced or verified by a regulator. Users should weigh counterparty risk accordingly.
Base Currencies, Order Types, and API Access
Accounts can be funded in USD, EUR, or GBP. Supported order types include:
- Market and pending orders
- Stop loss, take profit, and trailing stop
UFX does not offer API access, FIX connections, or custom scripting tools. MT5 supports EAs, but the proprietary platform does not support automation.
Pros and Cons
- Pros:
- Simple fixed-spread pricing
- Wide range of CFDs across major asset classes
- Supports MT5 and proprietary platform
- Cons:
- Unregulated offshore entity
- No ECN or raw spread accounts
- Execution model lacks transparency
- High fixed spreads unsuitable for active traders
Frequently Asked Questions
Is UFX a regulated broker?
No. UFX is currently unregulated and registered in the Marshall Islands without any formal financial oversight.
What platforms does UFX support?
UFX offers a proprietary platform called MassInsights™ and MetaTrader 5 (MT5).
What is the minimum deposit at UFX?
The minimum deposit to open a Micro Account is $100, with higher amounts required for premium tiers.
Are the spreads at UFX fixed or variable?
Spreads at UFX are fixed and start from around 2 pips on major currency pairs.
Does UFX offer ECN accounts or raw spreads?
No. UFX operates as a market maker and does not offer ECN accounts or raw pricing.
