How does UForex compare to major forex brokers?

Compared to giants like XM or HFM, UForex falls short in regulation, leverage, and asset diversity. However, its local banking support, MT4 access, and educational services give it regional relevance. It’s best suited for Azerbaijani traders prioritizing domestic backing over global features.

What is the trust rating of UForex?

UForex has a 97/100 trust score on ScamAdviser, suggesting technical legitimacy. However, the lack of regulation and verified trader reviews reduces confidence from a retail investment standpoint.

What are the educational resources provided by UForex?

UForex offers seminars, training programs, and a dedicated UBlog with content from professionals like Azer Balamedov and Sabina Bagirova. These are especially useful for beginner to intermediate traders seeking localized financial education.

Are traders from all countries accepted at UForex?

No. While UForex focuses on serving the Azerbaijani market, the broker may restrict users from certain regions, though no public list is available. International traders should verify eligibility before applying.

Is there a demo account available on UForex?

Yes. A free demo account is available for all traders. It allows users to practice with virtual funds on MT4, ideal for beginners or for testing strategies without financial risk.

Does UForex offer any bonuses or promotions?

As of the latest update, UForex does not offer bonuses or trading promotions. This reflects a more conservative business model focused on trading services rather than aggressive acquisition strategies.

Is customer support at UForex available 24/7?

No. UForex offers 24/5 customer support, but only to Premium account holders. Standard and Professional users have more limited access. Support is available through email, phone, live chat (WhatsApp/Facebook), and tickets.

Does UForex have a mobile trading app?

Yes, but indirectly. UForex clients can trade via the MetaTrader 4 mobile app, which is compatible with both Android and iOS. UForex does not have a proprietary mobile platform of its own.

What spreads can I expect when trading with UForex?

UForex spreads vary by account type. For example, the EUR/USD spread is 14 pips on Standard accounts — significantly higher than industry norms. Premium accounts offer discounted spreads, though exact numbers are not published transparently.

What financial instruments can I trade with UForex?

UForex provides access to 100+ trading instruments across 5 asset classes: Forex, Stocks, Metals, Commodities, and Indices. However, the broker does not offer crypto trading or ETFs, which are increasingly in demand.

Is copy trading available with UForex?

While UForex doesn’t offer native copy trading, traders can access this feature through MT4’s signal services. This allows for third-party signal subscriptions but lacks the seamless copy trading integrations seen in brokers like eToro or ZuluTrade.

What deposit and withdrawal methods are supported?

UForex supports only bank transfers for both deposits and withdrawals. There are no options for cards, e-wallets, or crypto — which can be limiting for traders outside the Azerbaijani banking ecosystem.

How can I register and verify my account with UForex?

The UForex registration process involves three steps: (1) Visit the official site and click “Apply,” (2) Submit personal details like name, phone, and email, and (3) Wait for a manual verification call. You’ll then be required to visit their office, sign documents, and complete KYC to activate the account.

Are there any trading commissions or hidden fees on UForex?

UForex does not charge trading commissions on any account type. Additionally, there are no fees for deposits, withdrawals, or inactivity, making the fee structure transparent and beginner-friendly. Spreads vary based on account type and market conditions.

What is the maximum leverage offered by UForex?

UForex offers maximum leverage of 1:100, which is relatively moderate compared to brokers offering 1:1000 or more. This leverage suits conservative traders but may not be optimal for aggressive short-term strategies.

Does UForex offer an Islamic (swap-free) account?

No. UForex does not provide Islamic (swap-free) accounts. This could be a limitation for traders who follow Sharia-compliant trading rules, unlike many brokers who cater to this segment with swap-free options.

What types of accounts does UForex offer?

UForex offers Standard, Professional, Premium, and Demo accounts. While the Standard account is ideal for new traders, the Professional and Premium accounts require higher deposits and offer discounted spreads and dedicated 24/5 support. Demo accounts are available to test the platform risk-free.

Which trading platforms are supported by UForex?

UForex only supports MetaTrader 4 (MT4) — a globally trusted platform known for technical indicators, expert advisors (EAs), and customizable charting tools. It is available for Windows, Android, and iOS users. No support exists for MT5 or WebTrader.

Is UForex a regulated forex broker?

No, UForex is not regulated by any recognized financial authority. While it operates under Unicapital Investment Company OJSC (linked to Unibank of Azerbaijan), it lacks oversight from regulatory bodies like FCA or CySEC. This presents a higher risk profile for traders seeking compliance-based protection.

What is the minimum deposit required to open a UForex account?

UForex requires a minimum deposit of $50 to open a Standard account, making it accessible for beginner traders. For higher-tier accounts like Professional and Premium, the deposit requirements increase to $10,000 and $30,000 respectively. These tiers also offer added benefits like discounted spreads and priority support.

TradingFinder
Forex Brokers
UForex Broker Review 2025

Writer:

Rajesh Sharma

Reviewer:

Sinan Aydın

Fact checker:

Davit Kvaratskhelia

Modified:May 22, 2025

UForex Broker Review 2025

Company:UForex

Founded:2013

Min Deposit:$50

Max Leverage:100

Headquarter:

Baku, Azerbaijan

US Accepted:

Max. Leverage 1:100 97/100 Trustscore on ScamAdviser Min. Deposit $50

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About

UForex is an unregulated Azerbaijani multi-asset brokerage that is a subsidiary of Unicapital Investment Company OJSC, a part of Unibank, which is a known financial firm in Azerbaijan. The broker was founded in 2013 and is headquartered in Baku.

Contact

+994 10 271 01 17 uforex@unicapital.az

Azure Business Center, 15 8 Noyabr Avenue, Khatai District, Baku, AZ1025, Azerbaijan

Rank and Score

Pros and Cons

Account Types

Platforms

Pros

Low Minimum Deposit of $50 for Standard Account

Leverage up to 1:100

Backed by a Major Azerbaijani Bank

Access to MetaTrader 4 Platform

Cons

Not Regulated by Any Authorities

24/5 Support Only Available for Premium Accounts

5 From 5.0

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UForex, providing 100+ trading instruments across 5 markets [Forex, Stocks, Metals, Commodities, Indices] with a maximum leverage of 1:100, offers 3 account types [Standard, Professional, Premium] with a minimum deposit of $50.

UForex broker Company Information & Regulation

UForex, founded in 2013, is a subsidiary of Unicapital Investment Company OJSC, which is part of Unibank, a major financial institution in Azerbaijan.

The broker's headquarters are located at the Azure Business Center, 15 8 Noyabr Avenue, Khatai District, Baku, AZ1025, Azerbaijan.

Based on the currently available data, the brokerage does not appear to be regulated by any financial authorities.

UForex Important Specifics

To give you a quick overview of what this Forex broker offers, here's a summary table of its details:

Broker	UForex
Account Types	Standard, Professional, Premium, Demo
Regulating Authority	N/A
Based Currencies	USD
Minimum Deposit	$50
Deposit Methods	Bank Transfers
Withdrawal Methods	Bank Transfers
Minimum Order	0.01
Maximum Leverage	1:100
Investment Options	Copy Trading via MT4
Trading Platforms & Apps	MetaTrader 4
Markets	Forex, Stocks, Metals, Commodities, Indices
Spread	Varies (Discounted Spreads on Premium Accounts)
Commission	None
Orders Execution	Market
Margin Call / Stop Out	N/A
Trading Features	Training Programs, Seminars, UBlog
Affiliate Program	None
Bonus & Promotions	None
Islamic Account	None
PAMM Account	None
Customer Support Ways	Email, Ticket, Phone, Live Chat
Customer Support Hours	24/5

Account Types Specifics and Comparison

UForex offers 3 main account types for traders, which mainly differ in terms of spreads; however, the brokerage does not go into detail regarding the exact numbers:

Account Type	Standard	Professional	Premium
Min. Deposit	$50	$10,000	$30,000
Discounted Spreads	No		Yes
24/5 Technical Support	None		Available

Additionally, a free demo account is available for those wishing to test the platform before depositing funds.

Other benefits such as commission free trading or unlimited income and expenses are provided across all account types. Also, Smart Stop Out and special training programs are available.

Benefits and Drawbacks

The following is a table consisting of main advantages and disadvantages in working with UForex:

Benefits	Drawbacks
Low Minimum Deposit of $50 for Standard Account	Not Regulated by Any Authorities
Leverage up to 1:100	24/5 Support Only Available for Premium Accounts
Backed by a Major Azerbaijani Bank	-
Access to the MetaTrader 4 Platform	-

UForex Broker Account Registration and Verification

The registration process with this broker is slightly different from that of most other brokerages. It will be explained in three stages.

#1 Navigating to the Website

As obvious as it sounds, go to the broker's official website and click on "Apply" on the home page. This will bring you to the next stage.

#2 Enter Basic Details in the Form

In the displayed form, enter the information listed below:

Name
Email Address
Phone Number

#3 Wait for the Call

The third phase starts after the company's agents contact you. It includes visiting the broker's office, signing papers, and providing additional details. Afterwards, you will have access to all features and services provided by UForex.

Trading Platforms

UForex provides the industry-standard MetaTrader 4 (MT4) platform for its clients. MT4 is known for its user-friendly interface, helpful trading tools, and extensive customization options.It does not need much introduction as nearly all traders are familiar with it.

Download Links:

UForex Spreads and Commissions

According to the official website, this broker offers a discounted spread on Premium accounts. Standard Spreads on Some Major Currency Pairs:

Symbol	Spread
EURUSD	14
GBPUSD	20
AUDUSD	20
NZDUSD	25

UForex spreads — UForex broker trading spread on major currency pairs

There are no trading commissions, deposit/withdrawal costs, or inactivity fees.

Funding and Withdrawal Options

Based on our extensive investigations on various sources, this broker does not accept/process withdrawals and deposits in any methods other than bank transfers.

Copy Trading & Investment Options on UForex

This broker does not offer native copy/social trading or passive earning features. However, traders can use the copy trading solution available via the MetaTrader 4 platform, which provides signals.

UForex Trading Instruments

This company provides access to over 100 tradable instruments across 5 asset categories:

Forex
Stocks
Commodities
Metals
Indices

Any Bonuses and Promotions?

As of our latest research, at the time of writing, UForex does not offer any bonuses or promotions. This should not be considered a real drawback since it’s not part of a brokerage’s essential products.

UForex Broker Support Methods and Working Hours

This broker provides customer support through various channels:

Email: uforex@unicapital.az
Phone: +994 10 271 01 17
Live Chat: Available on WhatsApp and Facebook Messenger
Ticket System: Through the website

UForex contacts page on the official website

Support is available 24/5 for Premium accounts. The company’s business schedule is Monday to Friday, 9:00 to 18:00.

Restricted Countries and Regions

UForex primarily serves the Azerbaijani market and may have restrictions for traders from other countries. Unfortunately, a comprehensive list of restricted countries is not readily available on their website.

UForex Trust Scores & Reviews

The broker does not have many review profiles and user ratings on reputable resources across the internet; only a UForex page on ScamAdviser is available with a 97/100 Trustscore.

UForex on ScamAdviser — UForex has a 97/100 score give by ScamAdviser

Education Content and Resources

In total, UForex provides 2 sections dedicated to educational resources for traders, including:

Training programs and seminars for traders of different levels, provided by Azer Balamedov and Sabina Bagirova
UBlog containing articles focused on financial concepts and trading strategies

UForex in Comparison with the Best Forex Brokers

We will have a comparison of the discussed brokerage with some of its main competitors in this section:

Parameter	UForex Broker	FxGlory Broker	XM Broker	HFM Broker
Regulation	N/A	None	ASIC, FSC, DFSA, CySEC	Cent, Zero, Pro, Premium
Minimum Spread	Varies	0.1 Pips	From 0.6 Pips	0.0 Pips
Commission	None	None	From Zero	From Zero
Minimum Deposit	$50	$10	$5	From $0
Maximum Leverage	1:100	1:3000	1:1000	1:2000
Trading Platforms	MT4	MT4, MT5	MT4, MT5, Mobile App	MT4, MT5, Mobile App
Account Types	Standard, Professional, Premium, Demo	Standard, Premium, VIP, CIP	Micro, Standard, Ultra Low, Shares	Cent, Zero, Pro, Premium
Islamic Account	No	Yes	Yes	Yes
Number of Tradable Assets	100+	50+	1,400+	1,000+
Trade Execution	Market	Market, Instant	Market, Instant	Market, Buy Stop, Stop Loss, Limit, Take Profit

Conclusion and Final Words

UForex allows users to contact its support department through 4 channels [email, phone call, live chat, ticket] on a 24/5 schedule for Premium accounts.

The broker's ScamAdviser profile indicates a 97/100 Trustscore.

FAQs

What is the minimum deposit required to open a UForex account?: UForex requires a minimum deposit of $50 to open a Standard account, making it accessible for beginner traders. For higher-tier accounts like Professional and Premium, the deposit requirements increase to $10,000 and $30,000 respectively. These tiers also offer added benefits like discounted spreads and priority support.
Is UForex a regulated forex broker?: No, UForex is not regulated by any recognized financial authority. While it operates under Unicapital Investment Company OJSC (linked to Unibank of Azerbaijan), it lacks oversight from regulatory bodies like FCA or CySEC. This presents a higher risk profile for traders seeking compliance-based protection.
Which trading platforms are supported by UForex?: UForex only supports MetaTrader 4 (MT4) — a globally trusted platform known for technical indicators, expert advisors (EAs), and customizable charting tools. It is available for Windows, Android, and iOS users. No support exists for MT5 or WebTrader.
What types of accounts does UForex offer?: UForex offers Standard, Professional, Premium, and Demo accounts. While the Standard account is ideal for new traders, the Professional and Premium accounts require higher deposits and offer discounted spreads and dedicated 24/5 support. Demo accounts are available to test the platform risk-free.
Does UForex offer an Islamic (swap-free) account?: No. UForex does not provide Islamic (swap-free) accounts. This could be a limitation for traders who follow Sharia-compliant trading rules, unlike many brokers who cater to this segment with swap-free options.
What is the maximum leverage offered by UForex?: UForex offers maximum leverage of 1:100, which is relatively moderate compared to brokers offering 1:1000 or more. This leverage suits conservative traders but may not be optimal for aggressive short-term strategies.
Are there any trading commissions or hidden fees on UForex?: UForex does not charge trading commissions on any account type. Additionally, there are no fees for deposits, withdrawals, or inactivity, making the fee structure transparent and beginner-friendly. Spreads vary based on account type and market conditions.
How can I register and verify my account with UForex?: The UForex registration process involves three steps: (1) Visit the official site and click “Apply,” (2) Submit personal details like name, phone, and email, and (3) Wait for a manual verification call. You’ll then be required to visit their office, sign documents, and complete KYC to activate the account.
What deposit and withdrawal methods are supported?: UForex supports only bank transfers for both deposits and withdrawals. There are no options for cards, e-wallets, or crypto — which can be limiting for traders outside the Azerbaijani banking ecosystem.
Is copy trading available with UForex?: While UForex doesn’t offer native copy trading, traders can access this feature through MT4’s signal services. This allows for third-party signal subscriptions but lacks the seamless copy trading integrations seen in brokers like eToro or ZuluTrade.
What financial instruments can I trade with UForex?: UForex provides access to 100+ trading instruments across 5 asset classes: Forex, Stocks, Metals, Commodities, and Indices. However, the broker does not offer crypto trading or ETFs, which are increasingly in demand.
What spreads can I expect when trading with UForex?: UForex spreads vary by account type. For example, the EUR/USD spread is 14 pips on Standard accounts — significantly higher than industry norms. Premium accounts offer discounted spreads, though exact numbers are not published transparently.
Does UForex have a mobile trading app?: Yes, but indirectly. UForex clients can trade via the MetaTrader 4 mobile app, which is compatible with both Android and iOS. UForex does not have a proprietary mobile platform of its own.
Is customer support at UForex available 24/7?: No. UForex offers 24/5 customer support, but only to Premium account holders. Standard and Professional users have more limited access. Support is available through email, phone, live chat (WhatsApp/Facebook), and tickets.
Does UForex offer any bonuses or promotions?: As of the latest update, UForex does not offer bonuses or trading promotions. This reflects a more conservative business model focused on trading services rather than aggressive acquisition strategies.
Is there a demo account available on UForex?: Yes. A free demo account is available for all traders. It allows users to practice with virtual funds on MT4, ideal for beginners or for testing strategies without financial risk.
Are traders from all countries accepted at UForex?: No. While UForex focuses on serving the Azerbaijani market, the broker may restrict users from certain regions, though no public list is available. International traders should verify eligibility before applying.
What are the educational resources provided by UForex?: UForex offers seminars, training programs, and a dedicated UBlog with content from professionals like Azer Balamedov and Sabina Bagirova. These are especially useful for beginner to intermediate traders seeking localized financial education.
What is the trust rating of UForex?: UForex has a 97/100 trust score on ScamAdviser, suggesting technical legitimacy. However, the lack of regulation and verified trader reviews reduces confidence from a retail investment standpoint.
How does UForex compare to major forex brokers?: Compared to giants like XM or HFM, UForex falls short in regulation, leverage, and asset diversity. However, its local banking support, MT4 access, and educational services give it regional relevance. It’s best suited for Azerbaijani traders prioritizing domestic backing over global features.