Score
UITFX
Hong Kong|2-5 years| https://uitfx.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
CanadaContact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Hong Kong
2-5 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential risk
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
uitfx.com
Server Location
United States
Website Domain Name
uitfx.com
Server IP
172.67.174.49
Company Summary
| UITFX Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Hong Kong |
| Regulation | No regulation |
| Market Instruments | Forex, Metals, Commodities, Indices, Stocks, Cryptos |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | Up to 1.5 pips (ECN MICRO account) |
| Trading Platform | MT5 |
| Min Deposit | $10 |
| Customer Support | 24/7 live chat, contact form |
| Tel: +66 61-331-3845 | |
| Email: support@uitfx.com | |
| Facebook, X, Instagram, Linkedin, Youtube | |
| Address: 99/238 Moo-9, Nong Prue, Banglamung, Chonburi, Thailand. Pin-20150 | |
| Regional Restrictions | USA, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, Vanuatu and EEA countries' clients are not allowed |
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 |
Keywords
- 2-5 years
- Suspicious Regulatory License
- MT5 Full License
- Regional Brokers
- High potential risk
Review 8
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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
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
shaunn
United States
I recently had an excellent customer support experience with UITFX, and I cannot praise them enough. I was facing some withdrawal issues, and their support team was incredibly responsive and helpful throughout the entire process. They patiently listened to my concerns, promptly investigated the matter, and provided clear guidance on resolving the problem. Their professionalism and dedication to ensuring customer satisfaction truly impressed me. Thanks to their assistance, I was able to resolve my withdrawal concern swiftly, and it reinforced my trust in UITFX as a reliable forex broker. Kudos to their exceptional customer support team!
Positive
2023-07-27
vickk
India
UITFX is an outstanding forex broker that deserves a 5-star rating. Their user-friendly platform, diverse trading instruments, top-notch security measures, responsive customer support, and valuable educational resources make them a reliable choice for traders of all levels. I highly recommend UITFX for an exceptional trading experience.
Positive
2023-07-26
Shally Sooch
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. Their top-notch platform, excellent customer service, and commitment to trader education make them one of the best brokers in the industry.
Positive
2023-07-26
s7619
India
Having tried several forex brokers, I must say that uitfx has been an exceptional choice for me. Their user-friendly platform, reliable execution, and transparent pricing make trading a breeze. I've experienced great support from their team, and their educational resources have helped me improve my trading skills significantly. I highly recommend uitfx to any forex trader looking for a top-notch broker!
Positive
2023-07-26
Pianoo
Tunisia
Man, I gotta say UITFX is a great broker! Their trading platform is super user-friendly and I've been able to make some serious profits with them. Plus, their customer support team is always on top of things and quick to help out whenever I have a question or concern. In my opinion, if you're searching for a broker you can trust, UITFX is definitely worth considering.
Positive
2023-04-23