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USGFX Forex Broker provides real users with * positive reviews, 2 neutral reviews and 630 exposure review!

USGFX Broker Review

1.60

WikiFX monitor

Business

Field Survey Danger

License

VFSC Revoked

USGFX Review 632

Latest All(632) Neutral(2) Exposure(630)
Exposure

The customer manager asked to cancel my application and seek for new deposits so that he could help me withdraw some money. But in the end I found this was a scam. I want my money back!!!

哄哄8166
2021-07-16
Exposure

However, I can trade normally! Do not invest here. This is a scam!

skyway66
2021-07-05
Exposure
Fraud broker. Unable to withdraw. Many people have been cheated

You can only deposit money, not withdraw money. They make u believe that you can make money here. The inducement fund has increased from a small amount to a large amount. A large number of people have been fooled. I am one of them. I hope that the platform can severely punish them and help us recover the loss as soon as possible!

FX2569145139
2021-07-01
Exposure
I wanna withdraw funds to retrieve some losses whild I couldn't login. And the customer service manager is out of contact.

I have been investting on this platform since 2018, and I have lost a lot of money intermittently, and finally I have some money to recover some of the losses, but the official website cannot be logged in, and the customer service manager cannot be contacted! What's the matter? ? ?

一生有你~晓越
2021-07-01
Exposure
Unabel to withdraw

Apply for withdrawal on August 11, 2020 butI haven't received it yet

清晨92458
2021-06-28
Exposure
Unable to withdraw

I haven’t got any withdrawal for half a year. All the staff disappeared.

ACDS
2021-06-24
Exposure

It’s been a few months since I applied for the withdrawal .........Customer service keeps pushing , There is no preparation time.

XUELONG-
2021-06-19
Exposure
No news from USG. It should abscond

I applied for withdrawal last December. The customer service asked me to wait patiently. And I pushed them this May. Still pending. Now even the ucstomer service is out of contact. Don't know what to do!

赫本小黛丽
2021-06-18

  

Usgfx 2025 Review

  

Executive Summary

  This comprehensive Usgfx review reveals major concerns about the broker's current status and regulatory standing. Usgfx used to be called United Strategic Group, but the company has faced serious regulatory challenges that hurt its ability to serve clients. The Australian Securities and Investments Commission canceled the company's Australian Financial Services License after investigations and legal proceedings that started in late 2019. This regulatory action means Usgfx can no longer legally offer financial services or products to clients under Australian jurisdiction.

  The broker's current situation creates two critical problems that potential traders must understand. First, the regulatory restrictions severely limit the broker's ability to operate legally in key markets. Second, the cancellation of essential licensing means clients cannot access standard trading platforms and tools typically expected from a forex broker. Due to these fundamental operational constraints, this Usgfx review cannot recommend the broker for any trader category, whether beginner or experienced. The regulatory issues create an environment where client protection and service delivery cannot be guaranteed according to industry standards.

  

Important Notice

  Cross-Regional Entity Differences: Traders should exercise extreme caution when considering Usgfx, as the broker may operate under different regulatory frameworks across various jurisdictions. While this review focuses on the Australian regulatory situation, potential clients in other regions should independently verify the broker's licensing status in their respective countries before considering any engagement.

  Review Methodology: This evaluation is based on currently available regulatory information and public disclosures. Due to the broker's regulatory constraints, comprehensive testing of trading platforms, customer service, and other standard review elements was not possible. Some information typically included in broker reviews may be incomplete or unavailable due to the company's current operational limitations.

  

Rating Framework

Criteria Score Rating Basis
Account Conditions 1/10 AFSL cancellation prevents service provision
Tools and Resources 1/10 No accessible trading platforms or tools
Customer Service 1/10 Service capability severely compromised
Trading Experience 1/10 Unable to evaluate due to service restrictions
Trust and Reliability 1/10 Regulatory license cancellation
User Experience 1/10 Limited user feedback and accessibility

  

Broker Overview

  Background and Regulatory Status

  Usgfx operates under major regulatory constraints that affect its market position. According to official regulatory documentation, the Australian Securities and Investments Commission pursued investigations and legal proceedings against the company beginning in late 2019. These regulatory actions led to the cancellation of the company's Australian Financial Services License, which stops the broker from offering financial services or products to clients within Australian jurisdiction.

  The company's website continues to display trading-related content and client login portals, but the regulatory restrictions create uncertainty about the actual availability and legitimacy of these services. Without valid licensing, the fundamental legal framework required for client protection and regulatory compliance cannot be maintained according to Australian financial services standards.

  Service Limitations and Market Access

  The regulatory challenges facing Usgfx create major limitations in terms of platform availability and market access. This Usgfx review must emphasize that standard broker evaluation criteria become largely irrelevant when fundamental licensing requirements are not met. The broker's ability to provide essential services such as trade execution, client fund management, and regulatory protections remains questionable under current circumstances.

  Traditional broker services including MetaTrader platform access, market analysis tools, and customer support systems require valid regulatory authorization to operate legally. The absence of proper licensing means these services cannot be guaranteed to meet industry standards or provide the client protections typically expected in regulated forex trading environments.

  

Detailed Information

  Regulatory Jurisdiction: Usgfx previously operated under Australian Securities and Investments Commission oversight. However, the cancellation of the company's AFSL means current regulatory protection for clients cannot be confirmed or guaranteed.

  Deposit and Withdrawal Methods: Specific information regarding available payment methods is not detailed in available documentation. Given the regulatory constraints, the safety and processing of client funds cannot be verified through standard channels.

  Minimum Deposit Requirements: Exact minimum deposit amounts are not specified in accessible materials. Potential clients should exercise caution regarding any deposit requirements given the regulatory uncertainties.

  Promotional Offers: Current bonus or promotional structures are not detailed in available information. Any promotional offerings would require valid licensing to ensure compliance with financial services regulations.

  Tradeable Assets: The range of available trading instruments is not comprehensively detailed in current materials. Standard forex pairs, commodities, and CFD availability cannot be confirmed without proper regulatory authorization.

  Cost Structure: Detailed information about spreads, commissions, and other trading costs is not available in current documentation. Transparent cost disclosure typically requires regulatory compliance that may not be currently maintained.

  Leverage Options: Specific leverage ratios and margin requirements are not detailed in accessible information. Leverage offerings must comply with regulatory guidelines that may not be currently applicable.

  Platform Selection: While the website suggests platform availability, the actual accessibility and functionality of trading platforms cannot be verified without valid licensing. This Usgfx review cannot confirm platform reliability or features.

  Geographic Restrictions: Specific regional limitations are not clearly detailed, though Australian regulatory restrictions are confirmed through official channels.

  Customer Service Languages: Available language support for customer service is not specified in current documentation.

  

Detailed Rating Analysis

  

Account Conditions Analysis

  The account conditions evaluation for Usgfx presents unique challenges due to the broker's regulatory status. Traditional account assessment criteria including account types, minimum deposits, and opening procedures cannot be properly evaluated when fundamental licensing requirements are not met. The cancellation of the company's AFSL creates uncertainty about whether standard account structures can be legally maintained or offered to new clients.

  Account opening processes typically require brokers to maintain compliance with know-your-customer and anti-money laundering regulations. Without valid licensing, the broker's ability to properly implement these essential compliance procedures cannot be verified. This creates potential risks for clients who might attempt to establish accounts without proper regulatory protections in place.

  The absence of detailed account information in available materials further compounds these concerns. Standard account features such as Islamic accounts, professional trader classifications, and institutional services require regulatory authorization to implement properly. This Usgfx review cannot recommend account opening given these fundamental compliance uncertainties.

  

Tools and Resources Analysis

  Evaluation of trading tools and resources becomes problematic when regulatory authorization is absent. Standard forex brokers typically provide access to advanced charting tools, market analysis, economic calendars, and educational resources. However, the provision of these services often requires compliance with regulatory guidelines regarding investment advice and market commentary.

  The website continues to display various trading-related resources, but the reliability and regulatory compliance of these materials cannot be verified without proper licensing. Educational content, market analysis, and trading tools must meet specific standards when provided by licensed financial services companies. The regulatory constraints facing Usgfx create uncertainty about whether these standards are currently being maintained.

  Research capabilities, automated trading support, and technical analysis tools represent critical components of modern forex trading. However, these services require robust regulatory frameworks to ensure accuracy and client protection. Without verified licensing status, the quality and reliability of such tools cannot be adequately assessed or recommended to potential users.

  

Customer Service and Support Analysis

  Customer service evaluation faces major constraints due to the broker's regulatory situation. Standard customer support assessment typically examines response times, service quality, available communication channels, and problem resolution capabilities. However, these metrics become less relevant when the fundamental legal framework for client relationships cannot be confirmed.

  The regulatory restrictions may impact the broker's ability to provide comprehensive customer support in compliance with financial services standards. Licensed brokers must maintain specific standards for client communication, complaint handling, and dispute resolution. Without valid authorization, these essential client protection mechanisms cannot be guaranteed to operate according to regulatory requirements.

  Multilingual support, 24/7 availability, and professional expertise represent important customer service elements in forex trading. However, the provision of these services requires proper regulatory compliance to ensure client protection and service quality. The current regulatory uncertainties make it impossible to verify whether customer service operations meet industry standards or provide adequate client protection.

  

Trading Experience Analysis

  The trading experience evaluation encounters fundamental limitations due to regulatory constraints. Platform stability, execution speed, and order processing quality represent critical components of forex trading experience. However, these elements require valid licensing and regulatory compliance to operate according to industry standards and client protection requirements.

  Trading environment assessment typically includes platform functionality, mobile access, and execution quality. The regulatory challenges facing Usgfx create uncertainty about whether these essential trading components can be properly maintained and guaranteed. Without verified licensing, the reliability and regulatory compliance of trading systems cannot be adequately confirmed.

  Market access, liquidity provision, and trade execution represent core broker services that require robust regulatory frameworks. This Usgfx review cannot provide meaningful assessment of these critical trading elements given the current regulatory constraints and licensing uncertainties affecting the broker's operational capacity.

  

Trust and Reliability Analysis

  Trust evaluation reveals major concerns regarding Usgfx's regulatory standing and operational legitimacy. The cancellation of the company's AFSL by ASIC represents a fundamental breach of regulatory requirements that directly impacts client protection and service reliability. This regulatory action typically indicates serious compliance failures or operational deficiencies that compromise the broker's ability to serve clients safely.

  Fund safety measures, client protection protocols, and regulatory compliance represent essential trust factors in forex trading. The absence of valid licensing means these critical protections cannot be verified or guaranteed according to industry standards. Clients considering this broker face substantial uncertainty regarding the safety of their funds and the availability of regulatory protections.

  Company transparency and regulatory accountability become particularly important when evaluating broker trustworthiness. The regulatory proceedings and license cancellation create significant questions about the company's operational integrity and commitment to compliance requirements. These factors substantially undermine the trust foundation necessary for safe forex trading relationships.

  

User Experience Analysis

  User experience assessment faces limitations due to restricted access to platform functionality and limited user feedback availability. Traditional UX evaluation examines interface design, navigation ease, registration processes, and overall platform usability. However, these assessments require functional platform access that may not be reliably available given current regulatory constraints.

  The registration and verification processes typically require compliance with regulatory standards for client onboarding and identity verification. Without valid licensing, the broker's ability to properly implement these essential procedures cannot be confirmed. This creates potential complications for users attempting to establish accounts or access services.

  Overall user satisfaction and platform reliability represent important experience factors that require extensive user feedback and platform testing. The regulatory uncertainties and limited operational capacity make it difficult to gather meaningful user experience data or provide reliable assessments of platform quality and service delivery.

  

Conclusion

  This comprehensive Usgfx review reveals fundamental concerns that prevent any positive recommendation of this broker. The cancellation of the company's Australian Financial Services License by ASIC represents a critical regulatory failure that eliminates the essential legal framework required for safe forex trading operations. The regulatory constraints mean the broker cannot legally provide financial services or products to clients, making traditional broker evaluation criteria largely irrelevant.

  Given the regulatory restrictions and licensing issues, no trader category can be safely recommended to consider Usgfx for their trading activities. The absence of proper regulatory authorization creates substantial risks regarding client protection, fund safety, and service reliability that cannot be mitigated through standard risk management approaches.

  The primary disadvantage overwhelming all other considerations is the broker's inability to provide legally compliant financial services due to regulatory license cancellation. Without addressing these fundamental regulatory issues, Usgfx cannot compete with properly licensed and regulated forex brokers that maintain the necessary legal frameworks for client protection and service delivery.

USGFX review