Ever since the introduction of retail forex trading, brokers around the world have been offering kind of similar trading services. However, social trading has become the point of attraction for investors in recent years. It is generally perceived that forex trading and social trading are the same things. It could be true up to some extent, however technically they both are different forms of trading. In social trading, you are allowed to copy trades of other professional traders whereas forex trading doesn’t have this feature. As far as benefits and drawbacks of both types of trading are concerned, social trading has got an edge thanks to its advantages.
Despite the fact that a mistake of trader you are copying in social trading can be as disastrous, social trading is safe as compared to traditional forex trading. This is the reason why UFX.com has taken an initiative of introducing something innovative and exciting to its traders by incorporating MassInsights technology.
UFX holds regulation from one of the most respectable regulatory bodies CySEC – Cyprus Securities and Exchange Commission.
UFX has 6 types of accounts: Mini/Micro, Mini, Standard, Gold, Premium and Islamic. Each account has different minimum deposits and trading volumes, as explained below
Advanced Features and Platforms
UFX.com has taken an initiative of introducing something innovative and exciting to its traders by incorporating MassInsights technology. UFX’s MassInsights technology enables its users access the large number of trading profiles that detail each and everything ranging from the name of trader to the latest trading results, unlike other trading platforms that only displays a few number of traders to select from. You can see Buy/Sell ratios along with the positions of trades that traders usually open for various tradeable assets on the UFX’s trading platform.
This becomes even more convincing when you can actually decide yourself when to open or close a certain position. Let’s understand this using a simple example, lets say 70% of traders have opened a Buy position on the GBP/USD, you can also go opening the same position. However, it is not essential to go with the majority. You have got your own choice if you think selling a position would be the right thing to do, just go ahead.
In addition to the option of BUY/SELL associated ratios, an updated version of ParagonEX trading platform can also be accessed for the live streaming of information concerning various assets, upcoming economic events as well as trading signals. This automatic service concerning latest updates is provided by the UFX’s built-in algorithms. If the price of an underlying assets shows unusual price movement, displaying favorable or adverse effects, it automatically gets filtered by the stream and only relevant information is presented. This is great in a way that it helps you to take appropriate actions in time.
Imagine you have to calculate the movement of an underlying asset using a charting or graph tool to predict the direction of the price movement, it might have taken longer and resultantly trend would’ve already been changed. Other features of MassInsights streaming technology include the presentation of upcoming economic and market events as well as predicted or estimated figures of the relevant assets. At UFX’s MassInsights, trading signals are fetched from third-party vendors altogether with suggested take profits and stop-loss limits.
These features are offered as an additional premium service with other basic services such as a leverage of 1:400, customized trading sessions and fixed spreads.
To cut a long story short, UFX’s MassInsights Technology is undoubtedly one of the best trading tools that offers a refreshing and robust trading experience to its users, and that’s what gives this broker the edge.
UFX’s MassInsights technology enables its users access the large number of trading profiles that detail each and everything ranging from the name of trader to the latest trading results, unlike other trading platforms that only displays a few number of traders to select from. You can see Buy/Sell ratios along with the positions of trades that traders usually open for various tradeable assets on the UFX’s trading platform.
UFX offers three different platforms: ParagonEx Web Trader 4.0 ,MT4, and UFX Trading app.
ParagonEx Web Trader 4.0
Accessible through any web browser and with no download required, ParagonEx 4.0 takes every element UFX Traders loved about previous versions of Web Trader, and makes them even better, with exciting new features. ParagonEx also includes UFX’s MassInsights technology.
MT4 is the world’s most popular trading platform that provides you all neeeds for online trading at once. On a single platform there is a convenient complex of analytical technologies and great trading tools which lets traders implement their trading strategies as they wish.
UFX Trading app
Lets you use all the features of Web Trader and MassInsights technology on your mobile phone
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