What Account Types and Fees Does UFXInvest Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners to intermediate traders |
Low minimum deposit, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, advanced tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customizable services, strong support |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
No overnight interest, compliant with Sharia |
Available for Muslim clients |
| Demo Account |
New traders |
Practice trading without risk |
Free access for anyone |
Account Opening Process
To open an account with UFXInvest, prospective traders must follow a structured process. First, submit personal information including your name, email address, and phone number. Next, provide employment and financial information to assess your trading capacity. Identity verification is critical; you will need to submit a valid ID and proof of address, such as a utility bill or bank statement. UFXInvest offers flexibility in account management, allowing users to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive spreads for minors |
| CFDs (Stocks) |
1.5 |
$5.0 per lot |
Varied spreads based on liquidity |
| CFDs (Indices) |
1.2 |
$3.0 per lot |
Spreads may vary by index |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Traders should be aware of additional fees that may apply. These include deposit and withdrawal fees, which can vary based on the payment method used. An inactivity fee may be charged if there is no trading activity for a specified period. Platform usage fees may apply depending on the trading tools utilized. Additionally, overnight interest (swap rates) may be applicable for positions held beyond the trading day, and currency conversion fees may apply when trading pairs involve different currencies.
