Anybody use UGMFX?

wolfe · #1 (**permalink**) 06-09-2007, 09:08 PM

Hello,

Has anyone used UGMFX with a liva account. Any info would be appreciated.

http://www.ugmfx.com/

gm6510 · #2 (**permalink**) 06-09-2007, 10:32 PM

i heard about it
but i didnt try it

blackcode · #3 (**permalink**) 06-09-2007, 11:58 PM

Quote:

Originally Posted by wolfe

Hello,

Has anyone used UGMFX with a liva account. Any info would be appreciated.

http://www.ugmfx.com/

i was have an account with them.

they are the worst brocker i have see in my life.

they charge 1.25$ for every mini lot, as a commition.

wolfe · #4 (**permalink**) 06-10-2007, 01:27 AM

Thank you for the feedback. Anyone else have any info?

tirou · #5 (**permalink**) 06-10-2007, 05:55 AM

Quote:

Originally Posted by blackcode

i was have an account with them.

they are the worst brocker i have see in my life.

they charge 1.25$ for every mini lot, as a commition.

Other than commission do you experience any other problem ,such as requoting,slow execution of orders,not respecting the stop/limit orders ,problem in withdrawel etc.

wolfe · #6 (**permalink**) 06-11-2007, 05:46 AM

I downloaded demo account. Yes, they do charge commission. They do have a variable spread.(usually pretty low) GBPJPY usually around 4 pips, I have seen it at 1 or 2 pips. EURUSD is usually 2-3 pips, sometimes 0-1 pips. Keep in mind you do have to overcome commission. GBPJPY commission charged was 12.50 for 1 full standard lot(100,000). Check it out.