FlowBank vs UFX Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare FlowBank vs UFX.
Does FlowBank or UFX offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FlowBank offers better pricing overall for traders.
Is FlowBank or UFX safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FlowBank holds 1 global Tier-1 licenses, while UFX holds 0. UFX holds 1 global Tier-2 licenses, while FlowBank holds 0. In our analysis of 23 international regulators across 50 brokers, FlowBank (80) earned a higher Trust Score than UFX (67).
Which trading platform is better: FlowBank or UFX?
To compare the trading platforms of both FlowBank and UFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FlowBank offers a better experience. With research, FlowBank offers superior market research. Finally, we found FlowBank to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both FlowBank and UFX offer MetaTrader 4 (MT4).FlowBank and UFX both offer copy trading.
How many forex pairs and CFDs are available to trade?
FlowBank provides traders 52 currency pairs (e.g., EUR/USD) compared to UFX's 49 available pairs. Forex pairs aside, FlowBank offers traders access to 408600 CFDs while UFX has 619 available CFDs, a difference of 407981.
Can I trust FlowBank?
FlowBank operates a regulated Swiss bank, and is authorised by one Tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).
Can I trust UFX?
UFX is not publicly traded and does not operate a bank. UFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).
Is FlowBank good?
As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that we’ve reviewed thus far.
Is UFX good?
UFX offers a proprietary platform alongside the full MetaTrader suite, and while its range of markets has increased spreads are still expensive compared to the best broker. Last but not least, with just one regulatory license, UFX's Trust Score is lower than the industry average.
Overall winner: FlowBank
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.