UFX — where it wins, where it loses
UFX does not currently take a column outright against this field. It loses on tier-1 cover, published spread, lapsed licence on file. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where UFX takes the field outright.
Loses on
- tier-1 cover
- published spread
- lapsed licence on file
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| CySEC | 127/10 | Cyprus | Tier 2no longer active | Reliantco Investments Ltd | cysec.gov.cy |
Checkable
Facts the comparison runs on
On the record
- CySEC, at its meeting of 30 October 2024, decided to withdraw the Cyprus Investment Firm authorisation number 127/10 of Reliantco Investments Ltd because the company had not provided investment services or performed investment activity for the preceding six months (CySEC decision announcement dated 18 November 2024).
- Reliantco Investments Ltd appears in the CySEC register under Former Investment Firms (entry 37610).
- Media reporting (Finance Magnates via TradingView, fxnewsgroup) attributes the UFX brand to Reliantco Investments Ltd and describes the broker as having ceased offering services; earlier directories also list a Belize IFSC authorisation (IFSC/60/256/TS/13) and a Vanuatu licence 14581, neither re-verified against a live primary source.
- The company had been licensed by CySEC since 2010 (licence 127/10 granted December 2010 per Map S. Platis announcement).
| Trading since | 2010 |
|---|---|
| Base | Limassol, Cyprus (former) |
| Minimum to open | not verified |
| Leverage cap | |
| EUR/USD | not verified |
| Terminals | UFX web platform, MT5 (historical) |
| Account tiers | Micro, Mini, Standard, Zero (historical naming) |
| Markets | Forex, Commodities, Indices, Crypto CFDs, Stocks CFDs |
| Record confidence | medium |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- minDeposit not verified (broker no longer operating a live onboarding site)
- maxLeverage not verified (same reason)
- spreadEurusd not verified (same reason)
- segregatedFunds not verified
- negativeBalanceProtection not verified
- Belize IFSC and Vanuatu VFSC licence numbers not re-verified against primary sources; brand's operating status after the CySEC withdrawal not verified
- founded year: licence granted 2010; brand launch year not independently verified
Costs less
Who beats UFX on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.