Forex or Foreign exchange market is where banks, financial institutions, governments, individual investors big or small and traders come to exchange and speculate on currencies.
Forex is the largest and most liquid market in the world with an average daily turnover of $5 trillion.
The Fx market are traded 24 hours a day, mostly from global financial centers like Sydney, Tokyo, Hong Kong, Singapore, Frankfurt, Paris, London and New York.
There is no central marketplace for the Forex market, trading is conducted ‘over the counter’. Forex are quoted by all the major banks and in turn broker will take these feeds from the different banks and re-quotes the price to their customer.
As FX market evolved and advance, market participant are brought closer through technologies like Electronic Communication Network (ECN) or Straight Through Processing (STP), trading at smaller spread and lower cost.
WHY TRADING FOREIGN CURRENCY EXCHANGE AT United Global Asset Management ?
United Global Asset Management continues to be the preferred brokerage of online foreign currency exchange trading for private investors worldwide with the experience more than 15 years in the online trading for foreign currency exchange market. United Global Asset Management been pioneer on private foreign currency exchange trading, and as industry polls show, we have risen to become one of the most popular currency exchange trading providers in the business.
- 24-hour trading on live streaming prices
- Low Spread
- Competitive Commission
- Relatives low margin requirements
- Meta Trader 4 trading platform
- Fast and easy opening account procedure
- Working together with major online fund transfer agent