CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.

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EDUCATION CENTRE

ABOUT FX TRADING

Q:
What is FX trading?
A:
FX trading does not take place on exchanges but directly between two parties, in an over-the-counter (OTC) market.
Q:
What is the minimum trading lot size of USG?
A:
The minimum trading lot size is 0.01 lot.
Q:
Are there time limits for holding a position?
A:
There are no time limits for holding a position; however, when you hold a position past the closing time of a trading day, USG will automatically carry your position into the next trading day. Since all trades made with the USG is not delivered (no actual transaction taken place), all positions held overnight must be carried forth into the next trading day.
Q:
Why doesn’t the stop-loss function register prices or why isn’t the stop-loss function working?
A:
The MetaTrader platform requires users to define their stop-loss function; the setting value is saved on the customer’s computer but not on USG servers……….Therefore, if users activate the stop-loss function on MetaTrader, it is vital not to shut down the system.
Q:
What are the currencies USG used in trading?
A:
GBP/USD, USD/JPY, EUR/USD, USD/CHF, EUR/GBP, USD/CAD, EUR/CHF, GBP/JPY, AUD/USD, CHF/JPY, EUR/AUD, GBP/CHF, AUD/JPY, CAD/JPY, etc.
Q:
What is the spread of major currency pairs?
A:
The spreads quoted for major currencies are some of the smallest in the industry. However, when markets are in periods of volatile fluctuations or when market trading is light, the spread will change in line with the market.
Q:
At what percentage will a Margin Close Out take place?
A:
USG margin ratio is set to exercise a Margin Close Out when the percentage reaches 50. But please speak to your account manager for more information.
Q:
Why hasn’t the system executed my order at the stop-loss price I set up earlier?
A:
The purpose of giving certain orders (e.g. “stop-loss” or “stop-limit”) is to contain the loss at a certain amount, and it may not always be effective, because market conditions or technological limitations may mean that we are unable to enforce such orders (in particular, when the market prices fluctuates quickly). A Stop order is a pending order, when the price touches the order price; the stop order becomes a market order, therefore when the market price fluctuates rapidly (before and after major data release), although there are stop orders, it is still possible to execute at the market price due to drastic fluctuations of the market price. We recommend that customers evaluate the risks of placing orders before major data releases.
Q:
What is Rollover Rate (SWAP)?
A:
Rollover rate is charged according to the requirement or rate provided from trading bank, it is the interest paid or earned for holding a position overnight. Each currency has an interest rate associated with it, and because forex is traded in pairs, every trade involves not only two different currencies, but their two different interest rates. If the interest rate on the currency you bought is higher than the interest rate of the currency you sold, then you will earn rollover (positive roll). If the interest rate on the currency you bought is lower than the interest rate on the currency you sold, then you will pay rollover (negative roll). Rollover can add a significant extra cost or profit to your trade. ※The rollover rate may increase your trading cost or profit.
Q:
When is rollover hour?
A:
Midnight or 0:00 in trading platform time is considered the beginning and end of the forex trading day. Any positions that are open at Midnight or 0:00 sharp are considered to be held overnight, and are subject to rollover. Most banks are closed on Saturdays and Sundays, but still count the interest for those two days. Thus, FX market books three days of rollover on Wednesdays.
Q:
Rollover Rate Examples.
A:
According to globe forex market, two business days after the trading date is the delivery date (T+2), rollover rate is calculated based on delivery date. For example, when you buy the EURUSD on Monday, the delivery date is Wednesday; when position of EURUSD closed on Tuesday, the delivery date is on Thursday. The rollover rate is calculated for one day.( i.e. from Wednesday to Thursday, as in one day) When you buy the EURUAD on Wednesday, the delivery date is Friday; when position of EURUSD closed on Thursday, the delivery date is on the next Monday. So actually the position is held for 3 days, total rollover rate is calculated for 3 days.
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