USGFX Review

Country : Australia

Max. Leverage : 1:500

Demo account :

Foundation : 2014

Min. Deposit : $100

US Clients :

USGFX offers an on-line forex broker and CFD broker that provides traders with a limited selection of options for trading online with the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. They also offer traders numerous educational resources and professional research of Trading Central and social trading platforms ZuluTrade and MyFxBook. However, their spreads and commissions as well as minimum balances for ac

Broker Regulation Summary
Regulation Name Of Regulation Country What is
ASIC Australian Securities & Investments Commission Australia The Australian Securities and Investments Commission is an independent commission of the Australian Government tasked as the national corporate regulator
Max. Leverage 1:500
Min. Deposit $100

USGFX Advandage and Disadvandage

Advandage
  • Regulated broker
  • Social trading powered by ZuluTrade & Myfxbook
  • Market news & technical analysis provided by ‘Trading Central’
  • Structured & personalised trader education via TradersClub
  • MetaTrader platforms with trading tools
Disadvandage
  • Limited trading instruments
  • Demo account expires after 30 days
  • High withdrawal fees: up to $25 per withdrawal for every non-Australian bank transfer
  • Clients from USA & Japan are not accepted
  • Spreads & commission fees not the lowest
  • High minimum deposit requirements

USGFX Overview

Union Standard Group (USG) is an Australian investment company that offers access to trading CFDs and forex with the name of ‘USGFX’. The brand was launched in 2005 and has its head office at Sydney, Australia with subsidiaries in London and Asia.

USGFX provides more than 60 trading instruments that can be traded online using the MetaTrader platforms, which are utilized by thousands of traders around the world. The broker claims the firm will never trade against you. and never against you. Trading servers are close to the interbank server in London in London and Hong Kong. This enables rapid execution of trades with minimal slippage as well as the lowest number of quotes. The liquidity pool it draws from 12 sources that include J.P Morgan, Deutsche Bank, Barclays, Citi bank, Nomura, UBS, and many more.

USGFX has received awards for its trading online services. The Forex-Awards event, USGFX won the keenly contestable “Best forex broker of 2018” award. The broker was also named”the “Best forex broker in Australia” in 2015, and “Best forex broker in Asia” in both 2016 as well as 2017.

USGFX Regulation

Union Standard International Group Pty Ltd is licensed through the Australian Securities and Investment Commission (ASIC). The license number is 302792.

USG UK is the trading name of “Union Standard International Group Limited” that is licensed in England as well as Wales by the reg. number 10702813. USG UK is authorized and is regulated through the Financial Conduct Authority (FCA) and has a license number of 798776.

USGFX UK clients’ investments are protected with their insurance company, the Financial Services Compensation Scheme (FSCS) that can provide compensation to investors who are eligible in the event that the broker is insolvent. The maximum amount for compensation is PS85,000 per customer.

The funds of clients are kept in separate bank accounts that are administered by the “Commonwealth Bank” of Australia which is a century old multibillion dollar institution with more than a thousand branches, and a worldwide clientele. The accounts are regularly scrutinized in accordance with rules and regulations.

USGFX has implemented its Secured Socket Layer (SSL) technology to provide a secure trading environment and safeguard clients from fraudsters on the internet. The SSL technology secures every user’s entry transactions, documents, and other information prior to transfer via the internet.

USGFX Trading Tools

Social Trading

USGFX provides solutions for social trading for clients who do not have the time or desire to trade, or who just want to copy other traders’ signals without bothering with any complicated market analysis. It is imperative to emphasize that there is no guarantee of performance by copying signals of other traders. The platforms for social trading are:

  • Myfxbook is an online platform for trading on social networks that lets traders choose from a variety of options directly from their account on MT4. This permits customization learning, as well as comparison of signals. The trader is able to add or take away signal providers at any time.
  • ZuluTrade ZuluTrade is an online trading platform for social media that allows traders to copy and search trading signals from across hundreds of companies from around the world. It has cutting-edge platforms as well as other innovative tools.

USGFX Support

The support desk at USGFX is open 24/7. You can reach them via telephone, email, and via the live chat function on the site. USGFX UK has a ‘Contact Us Now’ contact form on the support page on the website. Contact the support team via the form. “Want more Info Do you want to know more? This is the name of the form that is located on the home page of the website. It’s actually a form for callbacks that is completed by customers who would like to receive phone calls from support personnel.

USGFX Summary

USGFX is a well-established broker that is licensed and provides a variety of trading online products and services to clients across the world. The broker is required to adhere to the strict regulations enforced by FCA as well as ASIC.

 

USGFX Summary
USGFX Details Information
Regulators ASIC
Country Australia
Base Currencies USD, EUR, GBP
Type Of Brokers ECN, STP
Trading Platform Desktop, Mobile, MT4
Established Year 2014
Website Language English, French, Arabic, Chinese
US Clients
USGFX Spreads
Option Information
Minimum Spreads 0.3
Commission
Fixed Spreads
USGFX Payment & Withdrawal Option
Option Information
Acc Funding Methods Skrill, Wire transfer, Visa Card, Master Card
Acc Withdrawal Methods Skrill, Wire transfer, Visa Card
USGFX Suitable For
Option Information
Publicly Traded
Beginners
Day Trading
Weekly Trading
Professionals
Swing Trading
USGFX Trading Account Options
Option Information
Maximum Leverage 1:500
Mini Account
VIP Accounts
Segregated Accounts
Free Demo Accounts
Managed Accounts
Pro Account
Minimum Deposit $100
Islamic Account
USGFX Trading Services
Option Information
Hedging
News Trading
Scalping
Automated Trading
Indices
Commodities
Forex instruments
CFDs
ETFs
Stocks
Bonds
Cryptocurrencey
Trading Signals
Educational Service
Copy Tradings
USGFX Contact & Support
Option Information
Telephone No +61291890223
Email clientsupport@usgfx.global
24 Hours Support
Support During Weekends
Address G03, 135 Macquarie Street, Sydney, NSW 2000, Australia

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