The transactions you are entering into with United Global Markets, LLC are not traded on an exchange. Therefore, under the U.S. Bankruptcy Code, your funds may not receive the same protections as funds used to margin or guarantee exchange-traded futures and options contracts, which receive a priority in bankruptcy. Since that same priority has not been given to funds used for off-exchange Forex trading, if United Global Markets, LLC becomes insolvent and you have a claim for amounts deposited or profits earned on transactions with United Global Markets, LLC, your claim may not receive a priority. Without a priority, you are a general creditor and your claim will be paid, along with the claims of other general creditors, from any monies still available after priority claims are paid. Even customer funds that United Global Markets, LLC keeps separate from its own operating funds may not be safe from the claims of other general and priority creditors.