FXPrimus vs UFX Comparison
We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare FXPrimus vs UFX.
Can I trust FXPrimus?
FXPrimus is not publicly traded, does not operate a bank, and is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). FXPrimus is regulated by the following Tier-1 regulator: Regulated in the European Union via the MiFID passporting system
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 FXPrimus good?
FX Primus is primarily regulated in Cyprus, offering the MetaTrader and cTrader platforms, and also has an off-shore entity in Vanuatu for clients outside of the EU. The main downside besides it's lack of additional top-tier licenses, is that FX Primus only offers 140 symbols, putting it at a disadvantage compared to the best forex brokers.
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.
What is the minimum deposit requirement for opening an account with FXPrimus?
To open a trading account with FXPrimus, you'll need to make an initial minimum deposit of $100.
What is the minimum deposit requirement for opening an account with UFX?
UFX requires a minimum deposit of $100 before you can open an account and start trading.
What funding options does each broker offer?
It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both FXPrimus and UFX offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)
Does FXPrimus or UFX offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that FXPrimus offers better pricing overall for traders.
Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.
Is FXPrimus or UFX safer for forex and CFDs trading?
At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that FXPrimus holds 1 global Tier-1 licenses, while UFX holds 0. UFX holds 1 global Tier-2 licenses, while FXPrimus holds 0.
After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that FXPrimus (71) earned a higher Trust Score than UFX (67).
Which trading platform is better: FXPrimus or UFX?
To compare the trading platforms of both FXPrimus and UFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXPrimus offers a better experience. With research, FXPrimus offers superior market research. Finally, we found FXPrimus to provide better mobile trading apps.
Here’s what trading platforms are available at FXPrimus:
- Proprietary Platform - No
- Web Platform - Yes
- cTrader - Yes
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - No
- TradingView - No
Here’s what trading platforms are available at UFX:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - No
- TradingView - No
What about MetaTrader? How about copy trading?
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both FXPrimus and UFX offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. FXPrimus and UFX both offer copy trading.
What can I trade with each broker?
UFX provides traders 49 currency pairs (e.g., EUR/USD) compared to FXPrimus's 42 available pairs. If you are interested in trading CFDs, UFX offers traders access to 619 CFDs, while FXPrimus offers access to 140 CFDs; so UFX offers 479 more CFDs than FXPrimus.
We found in our testing that FXPrimus offers a more diverse selection of investment options than UFX, allowing you to trade Forex Trading (Spot or CFDs), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.
Overall winner: FXPrimus
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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.