UITFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-19 18:42

Abstract：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.

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	❌