What Is UGAM?
United Global Asset Management (UGAM) Is A Vanuatu-based Broker Established In 2001. The Regulatory Status Of UGAM Has Been Revoked By The Vanuatu Financial Services Commission (VFSC).
Advantages And Disadvantages
Advantages:
Demo Accounts Are Available: Traders Can Use The Demo Accounts Provided By UGAM To Practice And Test Trading Strategies.
Support For MT4: UGAM Supports The MetaTrader 4 (MT4) Trading Platform, Which Is A Popular Choice For Traders Due To Its Advanced Charting Tools, Expert Advisors, And User-friendly Interface.
Cons:
Regulation Revoked: UGAM's Regulatory Status Has Been Declared "revoked" By The Vanuatu Financial Services Commission (VFSC), Which To Some Extent Will Cause Concern For Users.
Fixed Leverage: UGAM Offers A Fixed Leverage Ratio Of 1:200, Which May Not Be Suitable For All Traders And Trading Strategies. Fixed Leverage Limits Flexibility And May Expose Traders To Higher Risks.
Is UGAM Legal Or A Scam?
Regulatory Situation: UGAM Was Once Regulated By The Vanuatu Financial Services Commission (VFSC) And Held A Retail Foreign Exchange License With License Number 15028. However, UGAM's Regulatory Status Has Been Revoked By The VFSC. This Means That UGAM No Longer Holds A Valid Vanuatu Regulated Entity's License To Operate.
User Feedback: Users Should Look At Comments And Feedback From Other Customers To Get A More Complete Picture Of The Broker, Or Look For Reviews On Reputable Websites And Forums.
Security Measures: So Far, We Have Not Found Any Information About The Security Measures Of This Broker.
Market Instruments
UGAM Offers Contracts For Difference (CFDs) Trading For A Variety Of Financial Instruments, Including:
Forex: Contracts For Difference (CFDs) For Major, Minor, And Exotic Currency Pairs.
Precious Metals: Contracts For Difference (CFDs) For Gold, Silver, Platinum, And Other Precious Metals.
Commodities: Contracts For Difference (CFDs) For Commodities Such As Oil, Gas, And Agricultural Products.
US Blue Chip Stocks: Contracts For Difference (CFDs) For Major Companies In The US Stock Market.
Cryptocurrency: Contracts For Difference (CFDs) For Popular Cryptocurrencies Like Bitcoin, Ethereum, Etc.
Leverage
UGAM Offers Its Traders A Fixed 1:200 Leverage And They Do Not Offer Other Leverage Options. This Means That Traders Can Only Control Positions Up To 200 Times Their Account Balance, Which Is Less Flexible As Most Brokers Allow Users To Switch Leverage.
Trading Platform
UGAM Offers Its Clients The MetaTrader 4 Platform, Which Is A Widely Recognized And Trusted Trading Platform In The Industry. The Platform Allows Users To Execute Trades, Analyze The Market And Manage Their Accounts Efficiently. Users Can Access The Platform Directly From Their Web Browser, Making It Convenient To Trade Anytime, Anywhere.
Furthermore, The MetaTrader 4 Platform Is Suitable For Desktop Users Who Prefer A More Comprehensive Trading Experience. It Also Supports Mobile Trading, Enabling Users To Trade Seamlessly From Android Or IOS Devices, Providing Flexibility And Anytime, Anywhere Accessibility Of The Market.
Customer Support
UGAM Provides Customer Support To Customers Via WhatsApp, Email (support@unitedglobalasset.com) And A Contact Form Available On The Website. In Addition, UGAM Maintains A Presence On Social Media Platforms Such As Facebook And Instagram, With Whom Traders Can Connect. The Address Of The Company Is Also Available For Any Correspondence Or Enquiry - P.O. Box 1510 Suite 305, Griffith Corporate Centre, Beachmont Kingstown, Saint Vincent And The Grenadines.
