What are your commissions and fees?
UNION FOREX does not charge commissions. Prices quoted are inclusive of our normal dealing spreads, which are Inter bank dealing spreads or less on all major currencies, including US Dollar, British Pound (Sterling), Japanese Yen, Euro, Swiss Franc, Canadian Dollar, and Australian Dollar. UNION FOREX is compensated for its services through the bid/ask spread
Can I trade on fixed spreads?
Yes, UNION FOREX's fixed spread pricing includes spreads as low as 3 pips and is available to clients who prefer the option of knowing that bid/ask spreads will remain fixed all the time. The spreads for fixed pricing are as follows
EUR/USD
(3), USD/JPY (4), GBP/USD (5), USD/CHF (5), USD/CAD (5), AUD/USD (4), EUR/JPY (4), EUR/GBP (3), EUR/CHF (5), GBP/JPY (9), AUD/JPY (7), CHF/JPY (6), EUR/AUD (8), GBP/CHF (9), NZD/USD (4), NZD/JPY(8), EUR/CAD (8), CAD/JPY (6), AUD/NZD (8), AUD/CAD (6), GBP/CAD (9), GBP/AUD (9).
Contact a forex specialist For more information or to request fixed spread pricing
What are your trading hours?
UNION FOREX traders are available from 8am Sunday through 12 pm Friday including all the holidays*
Excluding New Year's eve and New Year ..
Can I trade with UNION FOREX if I am not using my main computer?
You may trade with UNION FOREX from any computer with an Internet connection. Simply go to www.unionforex.com and login to your account. If you are traveling or do not have access to a computer with an Internet connection, you may execute trades over the phone by calling the UNIONFOREX trade desk.
Click here for phone trading instructions.
What are UNION FOREX's margin requirements?
UNION FOREX initial margin requirement for a standard account is US $.... on our minimum trade size of US $100,000.
UNION FOREX initial margin requirement for a mini account is US $... on our minimum trade size of US $10,000.
UNION FOREX will only execute trades on margin if the client has sufficient funds in his or her account.
Can I place orders over the phone?
You may trade with UNION FOREX from any computer with an Internet connection. Simply go the www.UNIONFOREX.COM and login to your account. If you are traveling or do not have access to a computer with an Internet connection, you may execute trades over the phone with a UNION FOREX dealer.
Can I place a trade via e-mail?
No. We do not accept trades via email. You may place a trade online or by calling .
Is online dealing at UNION FOREX secure?
Yes. We use the internationally accepted security system SSL to encrypt all credit card payments over the web. This is automatic, and you will receive instant notification if your browser does not support this
I wish to get information about important events that can influence the currency rates, can I?
To checkout the coming events that can influence the Forex market, check our Calendar Event.
Can you send me rates via e-mail?
No. The online deals section of our Web site connects directly to our central FX system, and shows the latest rates and premiums based on real time FX quotes. There is no commitment to deal at the time rates and premiums are displayed - only once you submit the payment details are you committed to a deal.
The price of the deals I am interested in has changed since last time I checked. How can that be?
UNION FOREX deals are dependent on the FX market, which is dynamic and changes all the time. The fluctuations in the market, in currency rates, and in other parameters, affect the UNION FOREX fully automated pricing engine. This is why rates and premiums may change all the time. For your convenient, UNION FOREX developed the currency table which displays market data in real time and can give you an indication as to whether the rates are going up or down. When the rates in the bar are green it means they went up since the last update, when they are red it means they went down since the last update.
What kind of deals do you offer?
We offer Day Trading and Limit Order (reserved Day-Trading) deals, on major, crosses and some exotics.
What about special deals?
We develop special solutions for clients or partners who are involved in unique markets. Please contact our marketing department at
Can I include a link to UNION FOREX on my Web site?
If you would like to put a hyperlink through to the UNION FOREX Web site on your own site, please send an e-mail to ..
What's the difference between Day Trading deals and Forward deals ?
A Day Trading deal in FX rates is a currency exchange deal which renews automatically every night at 22:00 (GMT), from the day the deal was made until it ends. As long as the deal is open, it is charged a renewal fee every night at 22:00 (GMT). A Forward deal (offered only in some world regions, where in other regions it may require special licensing, if any) does not renew every night, and it exists until it reaches the date set when it was made. The main difference is the cost relating to the deals. The margin between the buy and sale rates in Day Trading deals is lower then that of the Forward deals, however - there is no renewal fee in Forward deals. The deal ends when one of the following events occurs:
1. Termination initiated by you.
2. The day trading rate has reached the Stop-Loss (or, alternatively, the Take-Profit) rate you predefined.
3. It is the deal's ending date.
4. Trading deal is closed for non payment of renewal fee.
5. Cancelled because of bugs or similar malfunctions with the system.
6. UFX closes the outstanding balances in the circumstances set out in "Information on the risks taken", under "Statement prior to Registration at UFX.
What is a Limit Order?
The fact that UFX is available 24 hours a day, 7 days a week, doesn't mean that YOU must stay awake and be alert, waiting to capture a preferred opportunity or rate. You can set your preferred Day Trading rate, superior to the existing market rate, and UFX shall watch and monitor the opportunity for you. When and if the market rate reaches the LIMIT rate you defined, UFX shall perform the Day Trading deal for you, at the terms as pre-defined by you.
Once such deal is performed - it automatically becomes a regular Day Trading deal.
The Limit service is offered to you by UFX FREE OF CHARGE!!
How much does the Limit service cost?
Absolutely nothing. All collaterals collected are part of a regular Day Trading deal. If such deal would not capture, the collaterals are returned to your free balance. Performing a Limit order is a free service by UFX
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