UFXBank offers over 40 currency combinations and will facilitate commodities trading. It comes to the table with a requirement of just $100 as an initial deposit and stands out as a very good option for beginner traders that have a low budget. UFXBank offers a maximum leverage cap of 100 to 1 and you need to understand that the higher the leverage the bigger the risks. The good news is that the trading platform does offer some very interesting features that are going to make trading easier.
For starters, when you want to make a deposit you will surely enjoy the fact that there are many deposit methods available. You can deposit via major credit cards, Western Union, MoneyBookers, PayPal, WebMoney and NeTeller. The only major processor that is not accepted is American Express.
Customer care is of a very high quality. There is a 24X7 support system implemented together with many trading tools and custom features. When you register with UFXBank you will have immediate access to the professional support staff hired. They will answer all the questions you might have. Experts will also offer a very good analysis of the market and even give trading advice. Online chatting is available and you can ask for call backs even before you become a client of UFXBank.
UFXBank wins a lot of points when talking about the support offered for beginners. It comes to the table with many analysis and commentary channels that can be consulted at any point of the day. Most of the information given is proprietary and if we combine this with the good trading staff that personally explains market movement causes we obtain e very good environment for beginners. Brokers take trader feedback seriously and thanks to the implementation of the MT4 platform we are faced with a very fast and easy execution of all deals.
UFXBank is regulated by NFA but it also offers many protection layers in order to protect the traders from any software malfunction, fraud or unauthorized access. 128-bit encryption through RSS is implemented and there are many servers that are placed in different locations that will perform backups of client data so that if a failure appears there is no problem. The server farms are guarded and just authorized people have access.
We can sum up by saying that UFXBank offers a very good forex trading environment for beginners and advanced traders. There are a lot of tutorials that can be accessed and even different videos and market updates that you can constantly consult. There is even the possibility to gain Platinum or Gold user status and gain more features like live market alerts or market signals through SMS.
