With over 15 years in the online trading industry, UFX once positioned itself as a reliable forex broker offering cutting-edge technology and diverse asset access. Known for its MassInsights™ technology and tiered account types, UFX drew attention from beginner and experienced traders alike.
However, the tides have turned.
In 2023, UFX’s regulatory standing took a major hit when its CySEC license was revoked, sparking concerns across the trading community.
Now operating without oversight from major regulatory bodies, traders are questioning whether UFX remains a viable broker—or if it’s become a risk too big to ignore.
In this UFX Broker Review for 2025, we’ll explore what’s left of UFX’s offering, break down its current regulatory situation, and help you determine whether it’s still safe to trade with—or best left avoided.
UFX Broker Review at a Glance
UFX has a long history in the financial markets—it’s been offering broker services to retail traders since 2007. It’s operated by Reliantco Investment Limited, a Cyprus-based and CySEC-regulated financial company.
However, the year 2024 changed the regulatory landscape of UFX. Its regulator, CySEC, revoked its license as the company failed to provide information on its investment operation activity.
Overview of UFX Broker
Established in 2007 in Cyprus, the UFX broker is the financial product of Reliantco Investment Limited.
A trader can open a trading account to start using the brokerage service of UFX—minimum deposit ranging from USD 100 to USD 10000. It also allows its users to practice their trades and strategies by opening a demo account.
UFX provides access to multiple trading instruments including stocks, commodities, currency pairs, market indices, and ETFs.
The broker is known for its proprietary MassInsights Technology, which offers real-time market analysis.
UFX Offered Services
In today’s competitive financial technology landscape, companies and firms started expanding their platform ecosystem and offered services to cater to the diverse needs of the market.
Being in the market for almost two decades, the UFX broker doesn’t miss on its service suite. It offers comprehensive features, services, and products, claimed to provide its traders with personalized experience.
Trading Platforms
The UFX broker provides its traders with access to various trading platforms.
It integrates MetaTrader 5 (MT5) into its ecosystem. This ultimately lets its traders trade on a familiar and intuitive trading platform. MT5 is among the most popular multi-asset trading platforms in the financial markets.
However, the broker also developed its proprietary trading platform called ParagonEx web trader. It’s for the traders who want to have a full UFX experience.
Through this platform, a trader can access customizable charts, multiple time frames, economic calendars, and advanced charting tools.
Trading Account Types
Staying true to its promise, UFX offers six (6) trading accounts tailored to the needs and preferences of the trader. The brokerage firm also caters to the religious requirements of Islam traders as it offers a swap-free account.
Here’s the quick overview of the UFX account types:
| Account | Minimum Deposit | Requirement |
|---|---|---|
| Micro Account | USD 100 | USD 250 minimum trading volume |
| Mini Account | USD 500 | USD 5000 minimum trading volume |
| Standard Account | USD 1000 | USD 10000 minimum trading volume |
| Gold Account | USD 5000 | USD 50000 minimum trading volume |
| Platinum Account | USD 10000 | USD 100000 minimum trading volume |
To open an Islamic account, you must reach the UFX customer support with necessary documentations to supplement your account opening request. Once approved, your account will be converted into a swap-free one.
Additionally, all account types have 1:30 leverage in accordance with the regulatory law of CySEC.
Demo Trading Account
For beginner traders who want to test the waters before diving in the live market, the UFX demo account is free to use.
Once you open a demo account, you will receive a virtual money worth of USD 100000. You can use this to practice your trade or strategies.
UFX Broker Regulatory Landscape
UFX was regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 127/10. It also held a license from the Vanuatu Financial Services Commission (VFSC).
However, Reliantco Investments Ltd, the company operating UFX, renounced its CySEC license in early 2023. This means UFX is no longer regulated by CySEC and has ceased accepting new clients
UFX Broker Regulatory Warnings You Should Know
As of 2025, UFX broker is no longer regulated by the Cyprus Securities and Exchange Commission (CySEC), and its operations have become a point of concern for several global financial watchdogs.
Here are the primary regulatory warnings you should be aware of:
Ontario Securities Commission (OSC)
The OSC added UFX to its warning list, flagging the platform for engaging in activities that may endanger investor protection. The commission emphasized that UFX is not registered to offer trading services in Ontario.
Financial Conduct Authority (FCA) – United Kingdom
The FCA issued a warning against UFX in 2020, explicitly stating that the broker is not authorized to operate in the UK and may be targeting UK-based traders unlawfully.
Cyprus Securities and Exchange Commission (CySEC)
Although UFX was initially licensed by CySEC under Reliantco Investments Ltd., the firm was penalized with fines totaling €100,000 for violations related to transparency and failure to maintain adequate compliance records.
In early 2023, CySEC announced that Reliantco voluntarily renounced its license.
These regulatory red flags are clear signals that traders should proceed with extreme caution, especially since the company no longer maintains a presence under the oversight of a reputable financial regulator.
What Happened to the UFX Broker and Its Significance in the Market
In its prime, UFX was seen as an innovative platform backed by regulatory oversight and unique trading tools. But in 2025, its story has changed.
With a revoked CySEC license, multiple international warnings, and an unclear operational status, UFX is no longer a broker that offers the same level of security and transparency.
If you’re a trader looking for long-term growth, capital protection, and peace of mind, it’s essential to choose a broker that remains regulated and accountable. For now, the smarter move is to explore platforms that are transparent about their operations and continue to meet the regulatory standards of major financial authorities.
