Broker of the Month – UFXBank

UFXBank is based in United Kingdom, and is not watched over by any regulation board. They have a lot of withdrawal and deposit options, such as PayPal, WebMoney, Moneybooker, Neteller, wire transfer, Western Union and any major credit or debit card. Their minimum account requirement is $500, which is a relatively normal amount. However, they only started their online operations in December 2008. UFXBank is becoming known for the high level of service and safety they provide their customers, from the customer support, to guaranteeing all exit orders. All withdrawals and deposits are free of charge, including wire transfer withdrawals, with no limits. UFXBank’s trading conditions are such that the benefits of a UFX account are most pronounced for well capitalized traders. Depending on your trading style, we would recommend a minimum $50,000 Platinum account for longer-term traders and a minimum $20,000 Platinum account for shorter-term traders (scalping is not allowed). A well capitalized trader who is not looking to trade anything too exotic will find some great conditions in which to trade. All orders at UFXBank are routed through their dealing room, so it is just as easy to call up and have your orders taken care of as it is to use the trading platform.
Source: forexcult.com