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UFX vs FXDD 2019

ForexBrokers.com | October 27th, 2019

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Is FXDD better than UFX? After assessing the best forex brokers on nearly 100 different variables, FXDD is better than UFX. Despite a competitive social copy trading offering, FXDD’s regulatory footprint is weaker than most EU firms and the broker’s overall trading experience, including research, fails to impress.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature UFX FXDD
Overall 3.5 3.5
UFX Review FXDD Review
74-89% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature UFX FXDD
Trust Score 66 69
Year Founded
 2011 2002
Publicly Traded (Listed)
 No Yes
Bank
 No No
Tier-1 Licenses
 0 0
Tier-2 Licenses
 1 0
Tier-3 Licenses
 0 1
Authorised in the European Union
 Yes Yes

Tier-1 Licenses

Feature UFX FXDD
ASIC Authorised (Australia)
 No No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
 No No
FSA Authorised (Japan)
 No No
MAS Authorised (Singapore)
 No No
FINMA Authorised (Switzerland)
 No No
FCA Authorised (UK)
No No
CFTC Registered (USA)
No No

Investments

Feature UFX FXDD
Forex: Spot Trading
 Yes Yes
Social Trading / Copy-Trading
 Yes Yes
Currency Pairs (Total Forex pairs)
 49 54
CFDs - Total Offered
 461 34
Cryptocurrency traded as actual
 No No
Cryptocurrency traded as CFD
 Yes Yes
Offering of Investments 3.5 2.5
Winner check_circle

Cost

Feature UFX FXDD
Average Spread EUR/USD - Standard
 3 (as of May 19) N/A
All-in Cost EUR/USD - Active
 2 (as of May 19) 1.29 (as of Sep 18)
Active Trader or VIP Discounts
 Yes No
Commissions & Fees 3 4
Winner check_circle

Funding

Feature UFX FXDD
Minimum Initial Deposit
 $100 $0.00
Bank Wire (Deposit/Withdraw)
 Yes Yes
Visa/Mastercard (Credit/Debit)
 Yes Yes
PayPal (Deposit/Withdraw)
 No No
Skrill (Deposit/Withdraw)
 No Yes

Trading Platforms

Feature UFX FXDD
Proprietary Platform
 Yes Yes
Desktop Platform (Windows)
 Yes Yes
Web Platform
 Yes Yes
Social Trading / Copy-Trading
 Yes Yes
MetaTrader 4 (MT4)
 Yes Yes
MetaTrader 5 (MT5)
 No No
cTrader
 No No

Trading Tools

Feature UFX FXDD
Virtual Trading (Demo)
 Yes Yes
Alerts - Basic Fields
 No Yes
Watchlists - Total Fields
 7
Charting - Indicators / Studies (Total)
 53 51
Charting - Drawing Tools (Total)
 21 31
Charting - Trade From Chart
 No Yes
Charting - Drawings Autosave
 No Yes
Order Type - Trailing Stop
 No Yes
Platform & Tools 4 3.5
Winner check_circle

Mobile Trading

Feature UFX FXDD
Android App
 Yes Yes
Apple iOS App
 Yes Yes
Trading - Forex
 Yes Yes
Trading - CFDs
 Yes Yes
Alerts - Basic Fields
 Yes Yes
Watch List
 Yes Yes
Watch List Syncing
 Yes No
Charting - Indicators / Studies
 63 30
Charting - Draw Trend Lines
 Yes Yes
Charting - Trend Lines Moveable
 Yes Yes
Charting - Multiple Time Frames
 No Yes
Charting - Drawings Autosave
 No No
Forex Calendar
 No No
Mobile Trading 3.5 3
Winner check_circle

Research

Feature UFX FXDD
Daily Market Commentary
 Yes Yes
Forex News (Top-Tier Sources)
 Yes Yes
Weekly Webinars
 No No
AutoChartist
 No No
Trading Central (Recognia)
 No Yes
Delkos Research
 No No
Social Sentiment - Currency Pairs
 Yes No
Economic Calendar
 Yes Yes
Research 3.5 3
Winner check_circle

Education

Feature UFX FXDD
Has Education - Forex
 No Yes
Has Education - CFDs
No Yes
Client Webinars
 No No
Client Webinars (Archived)
 No Yes
Videos - Beginner Trading Videos
 No No
Videos - Advanced Trading Videos
 No No
Investor Dictionary (Glossary)
 No Yes
Education 1 3.5
Winner check_circle

Major Forex Pairs

Feature UFX FXDD
GBP/USD
 Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
 Yes Yes
USD/CAD
 Yes Yes
NZD/USD
Yes Yes
AUD/USD
 Yes Yes

Overall

Feature UFX FXDD
UFX Review FXDD Review
Overall 3.5 3.5
Winner check_circle
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare FXDD vs UFX.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. FXDD is a better option with a 4.00 star rating over UFX's 3.00 star rating.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FXDD and UFX both are regulated in a major hub. FXDD is a publicly traded company, UFX isn't. As far as how many currency pairs are available for trading, here's the answer. UFX trails FXDD by 5 total currency pairs (for example, EUR/USD), with FXDD offering 54 and UFX offering 49.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. FXDD and UFX both offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. FXDD boasts an offering of 31 charting tools compared to UFX's 21 available charting tools. FXDD trails UFX by 2 total different indicators (for example, moving averages), with UFX offering 53 and FXDD offering 51.

FXDD Review
UFX Review

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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