Trading on the ufx system is different, what are the pros and cons?

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Antok Satriagung
09 Jun 2015, 20:15 4,976 Views
Good evening, I just opened an account on ufx.com, and am currently exploring its system through virtual money. At ufx.com, there is no concept of pips, and it does not use software like MT or others that directly trade currencies (sorry, there may be a more appropriate term)
My question is: what are the advantages and disadvantages of trading using a system like ufx.com.

Thank you.
ANTOK Jombang.

1 Answer

R
rachmat 11 Jun 2015, 06:41

Regarding the broker you mentioned, that UFX.com was formerly UFXmarkets.com, you can click ufxmarkets.com and it will redirect to ufx.com. This is a broker from Cyprus. Because I have tried this broker before.

The term pips / Point remains in use, because pips/point in trading is the movement, decrease or increase in price to the next price.

Previously the platform used was web-based, now there is a new feature, namely the ability to use mobile and mt4.

Instruments or currencies used are the same as those traded by other brokers, namely direct and indirect,
1. USD/..... 
2. ..../USD  
and others

You can use web trader or other platforms provided. To access it, of course, the internet network must be smooth, you can compare it with its mt4 feature, usually in mt4 it starts with 0.01 while in web trader with 0.10. of course the value will be different.

Thanks.

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