UFX Trading Platform Accepts Deposits in Bitcoin, Offers 400X Leverage
UFX Now Accepts Deposits with Bitcoin
UFX traders can now fund their trading accounts by placing deposits with the cryptocurrency, Bitcoin, alongside MasterCard, Visa, Bank Transfer, and a wide array of supported online wallets.By supporting the world’s most popular and widely used digital currency, UFX plans to widen its target base by offering an alternative to its current and future traders.
With instantaneous transactions, the new payment method should streamline the deposit process, eliminating wait times, and allowing traders to trade as soon as possible. Dennis De Jong, UFX’s Managing Director states:
UFX is a broker that continuously moves forward, embracing new innovations and advancements. Bitcoin is just the beginning of what we have in store for UFX.
UFX was founded in 2007 and has grown into a leader in the online trading industry. The company is fully licensed and regulated and holds traders’ privacy and security to the highest standard.
Traders should be very cautious
A quick search on the internet and you will find search results are littered with complaints against this company. Any potential customer needs to throughly check them out and only open a trade account with them if they feel comfortable.
- This is NOT about you making bad trades.. But about THEM taking over your account until you loose money. YOUR money but totally out of your hands.
- If you ever saw the movie The Wolf Of Wall Street then you have UFX down to a tee
- Mr. Mark Bosch from UFX kept calling me on my mobile phone sometimes TWICE a day and even in the weekend! Of course I had already decided NOT to become involved with UFX.
UFXMarkets is a market maker broker, which does not collect commissions, but rather collects compensation via the bid/ask spread, which is often manipulated to the broker’s advantage to ensure profitability. As all forex brokers do, UFXMarkets also charges rollover fees for positions held overnight.
Sample of trading assets and leverage offered
UFX provides support for Islamic accounts and 400:1 leverage where you can you can trade more than 45 currency pairs as well as commodities and stocks. In addition to Bitcoin, the company has numerous withdraw methods including debit cards and bank withdrawal.
UFX has strong compliance, so Americans not allowed
Due to American federal trading regulations this broker cannot accept U.S. citizens as clients.
UFX has strong identification requirements and safeguards against money laundering by enabling sophisticated KYC/AML procedures. Their compliance team has outlined the below requirements to open an account in order to meet the various regulatory requirements in various countries.
Proof of Identification and Residence
A clear copy of the front and back of your government-issued photo ID, i.e. a valid passport, driver’s license, or national ID card as well as an official document issued within the last 3 months is required along with proof of address clearly stating the same name and address that is registered with UFX. This can be a utility bill (i.e. water, electric, or landline), or bank statement.