Trading Hours
UGM's hours of operations for our dealing
desk are from Sunday 16:30 EST through Friday 16:30 EST.
Currency Pairs
- EUR/USD
- USD/JPY
- GBP/USD
- USD/CHF
- USD/CAD
- AUD/USD
- EUR/GBP
- EUR/JPY
- GBP/JPY
- CHF/JPY
- EUR/CHF
- NZD/USD
- GBP/CHF
- AUD/JPY
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- EUR/AUD
- EUR/CAD
- AUD/CAD
- NZD/JPY
- CAD/JPY
- GBP/CAD
- GBP/NZD
- GBP/AUD
- AUD/NZD
- CAD/CHF
- AUD/CHF
- NZD/CHF
- USD/MXN
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Trade Execution Over The Phone
During hours of operation our dealing desk will be available to place over the phone trades. In order for our dealing desk to execute a trade via telephone you must have the following information available:
- Account number,
- Username,
- Currency pair,
- Phone password, (Created when the account is opened.
- And decide if trade(s) will be long or short.
Trade Execution Over The Internet
UGM provides our clients with a trading platform that is used to execute long (buy) and short (sell) positions. Traders execute a trade by selecting a long or short position of a currency pair and typing the lot size amount required to place a trade. The dealing software automatically calculates the initial margin requirement based upon the notional amount of the deal, and if sufficient funds are available in your account, will accept the transaction. Deals are confirmed online, normally within one second, and the system instantaneously updates both your open position and calculates your current floating P&L.
Dealing Spread
United Global Markets, variable rates trade on dealing spreads as low
as 1-2 pips on the most widely traded currency pairs. Because quotes
are derived directly from bank prices, dealing spreads will fluctuate
to reflect available Forex market liquidity. Please contact a representative
to discuss the benefits of trading with variable rates.
Margin Requirements
UGM monitors the leverage of all accounts. UGM makes no guarantees clients will be contacted when accounts are near the minimum equity requirement for open positions. Clients are fully responsible for monitoring the activity in their accounts.
In the event that an account exceeds its maximum allowable leverage, UGM retains the right to liquidate all or a portion of the open positions in the account.
Order Types
UGM enables our clients to place various different order types. Traders can place the following types of entry orders: stops, limits, and market orders. (Please see our “Learn Forex” Learn Forex link on our website for further details
* In normal markets any sell stops will be filled on a dealer's bid, and buy stops are filled on a dealer's offer. If the market "gaps" sharply up or down the stops will be filled at the best available price
Transaction Sizes
Transactions or deals are sized in units of 10,000 of the base currency. Each deal size is numbered in terms of 'lots'. The maximum deal size available online is 50 million of the base currency. For example 5 lots are numbered as a transaction size of 50,000 units.
Account Statements And Reports
UGM clients have access to account statements and reports. Traders
can run live reports to view their account balance and account history
of open, closed, or pending order statuses on their account(s). Clients
can run up to date live reports during normal trading hours.
Fees Charged by United Global Markets
Transaction Fee per round turn is $1.25 per 10,000 of the base currency
charged upon entry of the position
To what does this Online Privacy Statement apply?
This Online Privacy Statement applies to the personal information that
we collect from or about you via this United Global Markets, LLC Web site
(this "Site"). This Site may contain links to other Web sites,
and this Online Privacy Statement does not apply to those sites. If you
link to any of those sites, we recommend that you review their privacy
policies. If we change our privacy policies or practices, we will also
change this Online Privacy Statement.
How are Clients notified of our Privacy Policy?
United Global Markets, LLC’s Privacy Policy is listed on our website
(www.ugmfx.com) and is included in the e-mails that we send with account
opening information. Also, United Global Markets, LLC will send an updated
version of our Privacy Policy via e-mail to our clients annually on June
30.
What personal and technical information do we collect via this Site?
This Site will collect personal information that you voluntarily provide,
such as your name, address, telephone number, e-mail address, and identifying
information such as Social Security Number and/or Passport Number. Additionally,
we collect banking information for clients as part of our account opening
information. NOTE: Clients may choose not to use our online application
and apply to United Global Markets via mail or fax. This Site may also
collect information on your preferences, such as language selection; information
on which pages within this Site you visit; and certain technical information
regarding your computer and operating systems, such as your Internet protocol
address, domain name and system configurations and settings. We will not
know who you are unless you tell us.
Additionally, if this Site is a password-protected site, then (a) once
you submit your password and enter, this Site will recognize who you are
and will collect all information that you submit, including all electronic
instructions (including all transaction information), and (b) any information
collected about you from this Site may be associated with other identifying
information that we have about you.
How do we use cookies?
On this Site, we may use cookies or other technology to gather information
about Site usage to help us improve the content, usability and functionality
of this Site, and to remember your personal settings, such as language
selection. This will help us understand how many new and repeat users
visit this Site, which features or pages are most popular, and user browsing
and usage patterns.
Additionally, if this Site is a password-protected site, then this Site
may use cookies or other technology to help us authenticate you, recognize
your user attributes, and facilitate your navigation and entitlements
throughout the Site.
What if you have your browser set with privacy preferences?
This Site may contain information, including P3P privacy policies ("Privacy
Preference Information"), intended to work with your selected privacy
preferences. While we have tried to make such Privacy Preference Information
included within this Site conform to this full-text Online Privacy Statement,
this Online Privacy Statement is the definitive statement of privacy policies
and practices for this Site.
How do we use, share and secure personal information that we collect
via this Site?
United Global Markets, LLC will not use, share, or otherwise process any
personal information that we collect from or about you via this website
with any outside parties, except in the case of law enforcement officials
requesting information in their formal capacity as permitted by law.
Policies for Protecting Your Data
United Global Markets, LLC maintains physical, electronic and procedural
safeguards to guard your nonpublic personal information. Hard Copy information
is stored in locked file cabinets and electronic information is stored
internally behind multiple firewalls. As a result, only authorized employees
who need to know your information in order to provide you with products
or services will have access to your nonpublic personal information. We
restrict the access of authorized employees to nonpublic personal information
for business purposes only.
What should you know about e-mail?
We recommend that you not send us any individual personal information
via non-secure methods of communication, including via public electronic
communication channels, such as Internet e-mail, which are generally not
secure.
Whom should you contact if you have questions about this Online Privacy
Statement?
If you have any questions regarding this Online Privacy Statement or our
privacy-related practices, please contact us by e-mail at info@ugmfx.com
. As always, if you are a UGM client, a UGM representative is available
to assist you and direct your inquiries on these matters.
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