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UFX vs Xtrade 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is UFX better than Xtrade? In our analysis of 23 international regulators across 62 of the best forex brokers, UFX is considered high-risk, with an overall Trust Score of 67 out of 99. Xtrade is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall RatingUFXXtrade
Overall Rating 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 3/5 Stars 2.5/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 3/5 Stars 3/5 Stars
Education 3/5 Stars 3.5/5 Stars
Trust Score 62 80
Winner check_circle
Review
RegulationUFXXtrade
Trust Score 62 80
Year Founded 2011 2003
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No
Tier-1 Licenses 0 1
Tier-2 Licenses 1 2
Tier-3 Licenses 0 1
Tier-1 Licenses (High Trust)UFXXtrade
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)UFXXtrade
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)UFXXtrade
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No Yes
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsUFXXtrade
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 619 142
Forex Pairs (Total) 49 56
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostUFXXtrade
Average Spread EUR/USD - Standard 3 info N/A info
All-in Cost EUR/USD - Active 2 info N/A info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes No
Execution: Market Maker No Yes
FundingUFXXtrade
Minimum Deposit $100 $250
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsUFXXtrade
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsUFXXtrade
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes No
Watchlists - Total Fields 7 9
Charting - Indicators / Studies (Total) 116 N/A
Charting - Drawing Tools (Total) 17 18
Charting - Trade From Chart No No
Charts can be saved Yes No
Mobile TradingUFXXtrade
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes No
Mobile Watchlist Yes No
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 30 N/A
Mobile Charting - Draw Trendlines Yes No
Mobile Charting - Multiple Time Frames Yes No
Mobile Charting - Drawings Autosave No No
Forex Calendar Yes No
ResearchUFXXtrade
Daily Market Commentary No Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationUFXXtrade
Has Education - Forex or CFDs No Yes
Client Webinars No No
Client Webinars (Archived) No No
Videos - Beginner Trading Videos No No
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) No Yes
Major Forex PairsUFXXtrade
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
Review
OverallUFXXtrade
Overall Rating 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 3/5 Stars 2.5/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 3/5 Stars 3/5 Stars
Education 3/5 Stars 3.5/5 Stars
Trust Score 62 80
Winner check_circle
Review
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UFX vs Xtrade 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 UFX vs Xtrade.

Does UFX or Xtrade 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, UFX offers better pricing overall for traders.

Is UFX or Xtrade 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. Xtrade holds 1 global Tier-1 licenses, while UFX holds 0. Xtrade holds 2 global Tier-2 licenses, while UFX holds 1. In our analysis of 23 international regulators across 50 brokers, Xtrade earned a higher Trust Score than UFX.

Which trading platform is better: UFX or Xtrade?

To compare the trading platforms of both UFX and Xtrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, UFX offers a better experience. With research, Xtrade offers superior market research. Finally, we found UFX 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Xtrade provides traders 56 currency pairs (e.g., EUR/USD) compared to UFX's 49 available pairs. Forex pairs aside, UFX offers traders access to 619 CFDs while Xtrade has 142 available CFDs, a difference of 477.

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).

Can I trust Xtrade?

Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). Xtrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

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.

Is Xtrade good?

Xtrade is regulated in multiple jurisdictions and offers forex and CFD traders its own trading platform, yet with barely 200 symbols that you can trade it trails behind the best forex brokers.

Overall winner: UFX

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