I got news from UWCFX, they informed their traders that from 7th May UWC clients will be able to trade with 5 digits on the REAL Forex account. By adding the 5th decimal point it will increase the accuracy of the quotation for the REAL Forex account users.
More accurate quotations give traders possibility to earn on the minimum fluctuations of the currency market. This would be an interesting opportunity especially for those traders who use strategy of intra-day trading.
The changes will occur for the following trading instruments:
- Major currency pair
- Cross-major currency pairs
- Pairs with JPY will be added additional 3rd digit
In the meantime, if you have any problem and want to inquiry please do contact UWCFX Support Department via email: firstname.lastname@example.org or via their multilingual 24/5 Live Chat.
By the way, I am not sure either UWCFX is better than Hotforex or not (for 5 digits broker).. but in terms of regulations.. I would prefer Hotforex because UWCFX is always making changes on their rule.