UITFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.uitfx.com/registration, about the company's legal and temporary regulatory information, the company's address 99/238 Moo-9, Nong Prue, Banglamung, Chonburi, Thailand. Pin-20150..
UITFX Forex Broker
Basic information
Thailand
2-5 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
UITFX Information
Founded in 2021, UITFX is an unregulated broker registered in Hong Kong, offering trading in forex, metals, commodities, indices, stocks and cryptos with leverage up to 1:500 and spread up to 1.5 pips on the ECN MICRO account through the MT5 trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is just $10.
Pros and Cons
| Pros | Cons |
| Diverse tradable asset classes | No regulation |
| Demo accounts | Regional restrictions |
| Multiple account types | Withdrawal limit every day |
| Micro account offered | |
| Commission-free for most accounts | |
| MT5 platform | |
| Low minimum deposit requirement | |
| Popular payment options | |
| 24/7 live chat |
Is UITFX Legit?
No. UITFX currently has no valid regulations. Please be aware of the risk!
What Can I Trade on UITFX?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Here are four account types UITFX offers:
| Account Type | Min Deposit | Suitable for |
| ECN MICRO | $10 | New traders |
| ECN PREMIUM | $500 | Active traders |
| ECN RAW SPREAD | $5 000 | Professional traders |
| MAM ZERO SPREAD | $500 | Every type of traders |
Leverage
| Account Type | Max Leverage |
| ECN MICRO | 1:500 |
| ECN PREMIUM | 1:500 |
| ECN RAW SPREAD | 1:200 |
| MAM ZERO SPREAD | 1:500 |
The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
UITFX Fees
| Account Type | Spread | Commission |
| ECN MICRO | Up to 1.5 pips | ❌ |
| ECN PREMIUM | Up to 1.1 pips | ❌ |
| ECN RAW SPREAD | Up to 0.0 pip | $8 per standard lot |
| MAM ZERO SPREAD | Up to 1.2 pips | ❌ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Web, Android, Windows, MAC OS | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
The broker accepts payments via wire transfer, MasterCard, Visa, Skrill and Neteller.
| Account Type | Withdrawal Limit (per day) |
| ECN MICRO | $10 000 |
| ECN PREMIUM | $25 000 |
| ECN RAW SPREAD | $50 000 |
| MAM ZERO SPREAD | $50 000 |
Rating Index
VIP
Premium
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Latest Reviews
Mike103
India
Although new but very reliable broker. Tight spreads, no manipulation. Support is prominent. Highly recommended.
Positive
2023-09-06
rajesh4935
India
I have been trading with UITFX for several months now, and I must say it has been a fantastic experience. Their platform is user-friendly and intuitive, making it easy for even beginners to navigate. The variety of trading instruments and currency pairs they offer is impressive, giving me plenty of options to diversify my portfolio. Another highlight of trading with UITFX is their competitive spreads and low fees. Unlike some other brokers, there are no hidden charges, and I appreciate their transparent pricing structure. Overall, I highly recommend UITFX to anyone interested in Forex trading.
Positive
2023-08-22
lovish
Netherlands
I recently started trading with UITFX, and so far, it has been a fantastic journey. The platform's user-friendly interface and a wide range of trading options have made it easy for me to navigate the markets and execute my trades efficiently. Their customer support team is incredibly responsive and helpful, promptly addressing any queries or concerns I had. Additionally, the research and analysis tools they provide have been valuable in making informed trading decisions. While everyone's experience might differ, I can genuinely say that UITFX has been a reliable broker for me. However, as with any financial service, it's essential to do your research and consider your own needs and preferences before choosing a broker. Happy trading, everyone!
Positive
2023-09-06