USGFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.usgfx.co.uk/RegAcc/RegAccStep1?culture=en-US, about the company's legal and temporary regulatory information, the company's address SuiTe 3 G, 135 Macquarie STreeT, SYDNEY NSW 2000.
Usgfx, officially known as Union Standard International Group Pty Ltd, was established in 2005. The company is headquartered in Sydney, Australia, with additional offices in Shanghai and a satellite office in Hong Kong. Usgfx operates as a private entity, focusing on providing trading services to retail and institutional clients. The broker primarily caters to the Asia-Pacific region but has a global client base.
Over the years, Usgfx has developed a reputation for its commitment to transparency and client service. The broker has achieved several milestones, including the establishment of a robust technological infrastructure that allows for high-speed trading execution. Usgfx's business model encompasses retail forex trading, offering a wide range of financial instruments such as forex pairs, CFDs on indices, commodities, and cryptocurrencies.
Usgfx broker emphasizes building long-term relationships with its clients, providing them with comprehensive support and educational resources to enhance their trading experience.
Usgfx is regulated by the Australian Securities and Investments Commission (ASIC), holding an Australian Financial Services License (AFSL) number 302792. However, it is important to note that Usgfx's license has faced issues, as it was suspended and subsequently revoked in 2020 due to non-compliance with regulatory requirements. The broker has also operated under different jurisdictions, including the Financial Conduct Authority (FCA) in the UK and the Financial Services Commission (FSC) in Vanuatu, but these licenses have also faced suspensions.
Client funds at Usgfx are held in segregated accounts, ensuring that they are protected from the company's operational funds. The broker has implemented strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to comply with regulatory standards and enhance the safety of client funds.
Usgfx offers a diverse range of trading products, including over 60 currency pairs, major commodities, and indices. The broker provides access to popular CFDs, including gold, silver, and oil. Usgfx also facilitates trading in cryptocurrencies, particularly Bitcoin.
The broker is known for its competitive trading conditions, although the spreads may vary depending on the account type. Usgfx provides retail trading services with a focus on individual traders, while also offering tailored solutions for institutional clients. The broker has not publicly detailed any white-label solutions or asset management services.
Usgfx regularly updates its product offerings, aiming to meet the evolving needs of its clients and market demand.
Usgfx supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are widely recognized for their advanced trading capabilities. The MT4 platform is particularly popular among retail traders for its user-friendly interface and comprehensive analytical tools. MT5, being the more advanced version, offers additional features such as enhanced charting tools and a built-in economic calendar.
In addition to desktop applications, Usgfx provides a web-based trading platform that allows clients to trade without needing to download software. Mobile trading is also supported through dedicated apps for both iOS and Android devices, giving traders the flexibility to manage their accounts on the go.
The broker employs a technology-driven execution model, utilizing optical fiber connections to servers located in London and New York, which facilitates ultra-fast trade execution and access to deep liquidity pools. Usgfx also supports automated trading and API access, catering to algorithmic traders.
Usgfx offers several account types to accommodate different trading needs:
Usgfx provides a demo account with $100,000 in virtual funds for traders to practice without risk. The broker allows for flexible leverage options, with a maximum of 1:500 on retail accounts. The minimum trade size is 0.01 lots, and overnight fees apply based on the positions held.
Usgfx supports various deposit methods, including:
The minimum deposit requirement varies by account type, starting at $100 for the mini account. Deposits are typically processed promptly, with no fees for most methods, although withdrawal fees may apply. For example, credit card withdrawals incur a 3.5% fee, while e-wallet withdrawals may have a 1.5% fee.
Withdrawals are processed within 24 hours, but the time taken for funds to appear in the client's account may vary based on the payment method used. Usgfx does not accept cash deposits or third-party payments, adhering to strict anti-money laundering policies.
Usgfx offers robust customer support through multiple channels, including:
Customer service is available 24/5, covering major trading hours, and the support team is multilingual, accommodating clients from various regions. The broker provides extensive educational resources, including webinars, video tutorials, and trading guides, to help clients improve their trading skills.
Market analysis services are also available, with daily updates and insights provided to clients. Usgfx offers trading tools such as economic calendars and calculators to assist traders in making informed decisions.
Usgfx primarily serves clients in the Asia-Pacific region, with a strong presence in Australia and neighboring countries. The broker has offices in Shanghai and offers services to clients worldwide, except for those in the United States and Japan due to regulatory restrictions.
Usgfx's operations are subject to the laws and regulations of the jurisdictions in which it operates. The broker has faced challenges in maintaining its regulatory status, which may impact its ability to serve clients in certain regions.
In conclusion, Usgfx broker provides a range of trading services and products, supported by advanced technology and a commitment to client education. However, potential clients should be aware of the regulatory challenges the broker has faced and conduct thorough research before engaging in trading activities.
FX1612084620
Hong Kong
Deposit arrive in seconds but it is impossible to withdarw. Not even 100 dollars. Scammer. Everyone does not be scammed
Exposure
2023-03-17
FX1612084620
Hong Kong
The deposit arrives in seconds. . People-scamming platform, all kinds of shills for withdrawing money. . Not accounted for a long time. . scam platform
Exposure
2023-03-14
News Warned by FCA! USGFX UK No Longer Holds FCA License
The information on the FCA's official website shows that USGFX UK (Union Standard International Group Limited) no longer has regulatory authorization from the FCA as of December 16, 2022.
News Warned by FCA! USGFX UK no Longer Holds FCA License
The information on the FCA's official website shows that USGFX UK (Union Standard International Group Limited) no longer has regulatory authorization from the FCA as of December 16, 2022.
News USGFX UK Loses FCA License
Union Standard International Group Limited, Soe Hein Minn's USG Group retail FX brokerage business's UK subsidiary, has lost its FCA license. The license was revoked on December 16, 2022.
News AUSTRALIA’S AFCA TERMINATES MEMBERSHIP OF USGFX
The Australian Financial Complaints Authority (AFCA) today said the now-bankrupt forex broker USGFX was disbarred from its lifeboat scheme.
News USGFX HAS A HEAVY SHORTFALL IN CLIENT MONEY, NEARLY $350M MISSING
BRI Ferrier, the liquidators of Union Standard International Group, known as USG or USGFX, today said creditor claims have hit $357 million, and this amount may increase further.
News USGFX Forex Broker Review
Take a look at our unbiased USGFX review to give you the full facts including information about regulation, account types, leverage, spreads and much more.
News USGFX UK CEO Simon Quirke Leaves the Company
Quirke joined the company in 2018 and previously worked at Credit Suisse and Lehman Brothers.
FX9529688031
Hong Kong
In February 2024, I logged into the official website of USGFX: https://www.usgforex.asia and found that the password was always wrong. I couldn’t change the password according to its method. Later, I used its contact information, the computer version and the mobile version. I have sent them all, and also provided my phone number and bank card number when opening an account, my ID card and my photo, but there has been no response. The email I sent also bounced back. My Mt4 account cannot be used anymore. The screenshot below shows the last time on March 1, 2024. My account balance is 4936.16USD.
Exposure
2024-03-22