UniqueFX

Note: UniqueFX's official website: https://www.uniquefx.co/ is currently inaccessible normally.

UniqueFX is an unregulated brokerage company based in the UK. It claims to offer Forex, Stocks, Indices, Commodities, and Cryptocurrencies via a web-based platform.

Pros and Cons

Is UniqueFX Legit?

At present, UniqueFX lacks valid regulation. Its domain was registered on Nov 16, 2023, and the current status is “client Transfer Prohibited”. We advise you to look for another regulated one.

What Can I Trade on UniqueFX?

UniqueFX claims to offer Forex, Commodities, Stocks, Indices, and Cryptocurrencies.

Account Type

UniqueFX provides a Classic and an ECN account. The minimum deposit requirement of them is $250.

Leverage

The maximum leverage is 1:200. Note that high leverage can amplify both profits and losses.

UniqueFX Fees

UniqueFX offers different spreads for its ECN and Classic accounts. For ECN accounts, the spread starts from 0.0 points, while for Classic accounts, the spread starts from 1.8 points.

In addition to spreads, UniqueFX charges commissions on trades executed on ECN accounts. For ECN account holders, there is a commission of $5 per lot traded. In contrast, there are no commissions charged for trades executed on Classic accounts. The absence of commissions in Classic accounts is often offset by slightly wider spreads.

Trading Platform

UniqueFX only provides a web-based platform.

Deposit and Withdrawal

The initial deposit requirement varies depending on the chosen account type, however, it must be at least 250 GBP/USD/EUR/BTC to begin trading. All of the main credit cards (Visa, MasterCard, and Maestro), wire transfers, and Bitcoin (BTC) straight payment methods are accepted by UniqueFX as deposit methods. Requests for withdrawals are typically handled in 5 to 10 business days. Please take notice that only accounts that have successfully completed the verification process will be eligible for withdrawals.