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Comparison eToro vs UFX
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare eToro vs UFX. Which of them: eToro or UFX a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. eToro has a commission fee of 0.09% spread per side, and UFX has a commission fee of from 130. Now, let’s compare commission fees in Forex, the commission fee of eToro is from 3 pips, and the commission fee of UFX is from 2. We can also analyze commission fees for trading CFD: they are from 0.09% in eToro vs from 50 in UFX. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 2 pips and from 50 for eToro and UFX, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are eToro provides customers with Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading, and UFX provides customers with Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading. As for platforms, eToro offers Web Platform, Android App, iOS App, while UFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. eToro was established in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. And UFX was established in 2007 in Republic of Vanuatu, and it is regulated by VFSC. We can withdraw funds from eToro with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $25. And UFX provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The time for withdrawal in eToro is within 1 business day, and that one in UFX is up to 10 business days.
Overall, eToro boasts 4.5 stars versus UFX 3.6 stars.