UGM Securities is a forex brokerage firm that was registered and established in Cyprus on December 28, 2017. Its primary focus is to provide forex investment and trading services to users, and the company is headquartered in Nicosia, Cyprus. The official website of this brokerage firm is https://ugm.com.cy/, and it is available only in English. UGM Securities operates globally and has potential competitors such as Axiance, Pips Market, DB Markets, GoodTrade Capital LLC, Legal, and Hedgehood.
Company Background and Regulatory Status:
UGM Securities is registered in Cyprus as UGM Securities Ltd, with its registered address at Spyrou Kyprianou 20, Flat/Office 102, Agioi Omologites, 1075, Nicosia, Cyprus, and a company registration number of 360073. According to Whois information, the official website domain name of this brokerage firm was registered on September 4, 2001.
Public information on its website indicates that UGM Securities is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with a financial license number 352/17. A search based on the information provided confirms the existence of this license. The scope of activities covered by this license includes:
Investment Services: Receiving and transmitting orders related to one or more financial instruments, executing orders on behalf of clients, and providing investment advice.
Ancillary Services: Safekeeping and administration of financial instruments, including custodial and related services, as well as forex services related to providing investment services.
Market Instruments:
Forex: The forex market is the largest global financial market, involving the buying and selling of currencies from different countries. Investors can access the forex market for trading through UGM Securities.
Account Types:
The official website of the brokerage firm does not display information about different types of trading accounts offered to users.
Trading Platforms:
UGM Securities has not publicly disclosed the trading platform it offers to users on its official website.
Customer Support:
Users can contact UGM Securities through phone at +35722257670 and via email at info@ugm.com.cy, support@ugm.com.cy, and complaints@ugm.com.cy to obtain customer support.
In Summary:
UGM Securities is a forex brokerage firm that is regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC) and operates within the scope of the financial license granted. However, based on the information available on its official website, the brokerage firm appears to offer limited types of trading accounts and trading platforms. Investors are advised to exercise caution when considering this trading platform to avoid potential financial losses. As of now, this company is marked as "operating normally" on Traderknows.
