Search

USGFX Forex Broker provides real users with * positive reviews, * neutral reviews and 15 exposure review!

USGFX Broker Review

1.48

WikiFX monitor

Business

Influence E

License

ASIC Suspicious Clone

USGFX Review 15

Latest All(15) Exposure(15)
Exposure
Unable to log in, trade, or withdraw funds

I traded on 2023.11.30 at 13:15:26. Order number 66904610. When I wanted to trade on 2024.02.22/23, I found that it could not be traded. I searched for my previous contact information, and on the 26th I found that the email was returned and I couldn’t contact him. I want to go to Lianzhun International https://www.usgforex.asia/, but I forgot my password. I can’t change the password according to its method, and I can’t withdraw money. My balance is 4936.16USD.

FX9529688031
2024-02-24
Exposure
USG is not allowed to withdraw funds

The withdrawal has been delayed for one or two years and has not been resolved, why is it always delaying time! Fooling again and again, delaying again and again

只会哼哼的小猫怪
2023-08-17
Exposure

Felicia, Business director of USGFX International, induced fraud to the customer. The customer did not violate any trading mechanism but tens of thousands of US dollars were wiped out that month and only a few hundred US dollars were left. When withdrawing last couple hundreds dollars, Felicia did not allow withdrawals and said that the withdrawal will only be processed after the deposit. After the deposit, Felicia refused to withdraw again when I applied for withdrawal and asked for another deposit and withdrawal will be processed after new client joined. The total deposit of the month was dozens of times of the withdrawal. Felicia kept denied the request for the last withdrawal after the liquidation. For her own performance, after the customer met the requirements of the platform, Felicia doid not allow the last withdraw and it will not be processed. I had applied to ask the platform query all the deposit and withdrawal data and change the customer service manager. After seeing the query data and the change of the customer manager email, Felicia directly blocked the backstage. Felicia is the management of USGFX International. For the sake of her performance, customers' requests were not process even they met requirements of the platform. Felicia colsed the back office when I did not want to cooperate with her and demanded to change customer service manager. If the management is ike this, the employees below will follow. The final withdrawal will never arrive. I hope that other customers and agents will not trust any promises made by the Taiwan Business Manager of USGFX International and any promises made by the MOGA Taiwan business manager, so to be not deceived.

趋势
2021-12-01
Exposure

Felicia, Business director of USGFX International, induced fraud to the customer. The customer did not violate any trading mechanism but tens of thousands of US dollars were wiped out that month and only a few hundred US dollars were left. When withdrawing last couple hundreds dollars, Felicia did not allow withdrawals and said that the withdrawal will only be processed after the deposit. After the deposit, Felicia refused to withdraw again when I applied for withdrawal and asked for another deposit and withdrawal will be processed after new client joined. The total deposit of the month was dozens of times of the withdrawal. Felicia kept denied the request for the last withdrawal after the liquidation. For her own performance, after the customer met the requirements of the platform, Felicia doid not allow the last withdraw and it will not be processed. I had applied to ask the platform query all the deposit and withdrawal data and change the customer service manager. After seeing the query data and the change of the customer manager email, Felicia directly blocked the backstage. Felicia is the management of USGFX International. For the sake of her performance, customers' requests were not process even they met requirements of the platform. Felicia colsed the back office when I did not want to cooperate with her and demanded to change customer service manager. If the management is ike this, the employees below will follow. The final withdrawal will never arrive. I hope that other customers and agents will not trust any promises made by the Taiwan Business Manager of USGFX International and any promises made by the MOGA Taiwan business manager, so to be not deceived.

趋势
2021-11-29
Exposure
Felicia, the Business director of USGFX Intertional, scams customer and does not allow to withdraw

Felicia, the Business director of USGFX Intertional, scams customer. The customer did not violate any trading mechanism, but liquidated tens of thousands of dollars in the month and only a few hundred dollars were left. When withdrawing these dollars, Felicia does not allow to do so and saying that withdrawal will only be processed after deposit. After depositing, Felicia refused to withdraw again and asked for another deposit and said that withdrawal will be made after new clients join. The deposit of the month was dozens of times of the withdrawal. Felicia had been refused to withdraw after the liquidation for her own performance. After the customer met the requirements of the platform, Felicia has been stucked with the last withdrawal and withdrawal will not be processed. All deposit and withdrawal data applications are inquired by the platform. After applying for data inquiries in the backg-end and changing the customer service manager, Felicia blocked the back-end after seeing the query data and the email of the changing of the customer manager. Felicia is the management of USGFX International and the request of customer were not processed even they meet all requirement of the platform and even back-end is closed. If the management is like this, the employees will follow this up. Whether it is a client or an agent, the final withdrawal will never arrived. I hope that other customers and agents will not trust any promises made by the Taiwan Business Manager of USGFX International. And any promises made by the MOGA Taiwan business manager, so as not to be deceived.

概率
2021-11-25
Exposure
Unable to withdraw

I started to apply for withdrawals in August last year, and it’s now July 2021. During this period, I contacted the customer service many times, but just asked me to wait, but it has not been resolved. Please the relevant department to manage it.

FIVE65966
2021-07-06
Exposure
Scam

I told them that their platform was frozen or pur positions would be wiped out. And they said they handled the issue. I wanna know when to solve it. And what's the solution?

新蕾
2021-05-24
Exposure
Unable to withdraw in USGFX

I appleid for withdrawal on April 26. But I've waited for three weekd. The customer service said that there were so many customers withdrawing funds together and I have to wait in the line.

FX4126040832
2021-05-16

  

USGFX 2025 Review: Everything You Need to Know

  Summary: USGFX, an Australian-based forex and CFD broker, has received mixed reviews in 2025, with some traders praising its competitive leverage and range of account types, while others criticize its high spreads and regulatory concerns. A key feature is its use of popular trading platforms like MT4 and MT5, which many traders find beneficial.

  Note: It's important to highlight that USGFX operates through different entities across regions, which may affect regulatory oversight and client protections. This review synthesizes information from various sources to provide a balanced overview.

  

Rating Overview

Category Score (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 5
Trading Experience 6
Trustworthiness 5
User Experience 6
Overall 6

  How We Rate Brokers: Our ratings are based on an analysis of user reviews, expert opinions, and factual data regarding broker services.

  

Broker Overview

  Founded in 2005, USGFX is headquartered in Sydney, Australia, and operates under the regulatory oversight of the Australian Securities and Investments Commission (ASIC). The broker offers a variety of trading platforms, including the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to both beginner and advanced traders. It provides access to multiple asset classes, including forex, commodities, and indices, making it a versatile choice for traders.

  

Detailed Overview

  • Regulated Regions: USGFX is primarily regulated by ASIC in Australia. However, it has faced scrutiny in the past, particularly regarding its operations in the UK, where it previously held a license from the FCA, now revoked as of December 2022.
  • Deposit/Withdrawal Options: USGFX supports a wide range of currencies for deposits and withdrawals, including USD, AUD, and others. Notably, it does not support cryptocurrency deposits or withdrawals.
  • Minimum Deposit: The minimum deposit required to open a trading account with USGFX is $100, which is relatively low compared to many competitors.
  • Bonuses/Promotions: USGFX offers various promotions, including a welcome bonus and deposit bonuses, although the specifics can vary and may not always be current.
  • Tradeable Asset Classes: The broker provides access to over 60 currency pairs, commodities like gold and silver, and various indices. However, some reviews indicate a limited selection compared to other brokers.
  • Costs (Spreads, Fees, Commissions): Spreads start at 2.8 pips for the mini account, which is considered high relative to industry standards. The broker does not charge commissions on forex trades, but fees can apply for withdrawals depending on the method used.
  • Leverage: USGFX offers a maximum leverage of up to 1:500, which is attractive for traders looking to maximize their exposure. However, this level of leverage comes with increased risk, and traders should be cautious.
  • Allowed Trading Platforms: USGFX supports MT4 and MT5, both of which are highly regarded in the trading community for their robust features and user-friendly interfaces.
  • Restricted Areas: USGFX does not accept clients from the United States, Japan, and several other jurisdictions, which may limit its reach to potential traders.
  • Available Customer Support Languages: The broker provides customer support in multiple languages, including English, Chinese, and several others, catering to a diverse client base.

  

Detailed Breakdown

  

Account Conditions (Score: 6)

  USGFX offers four types of accounts: mini, standard, VIP, and pro-ECN, each catering to different trader needs. The minimum deposit for the mini account is $100, but the spreads are relatively high, starting at 2.8 pips. The standard account requires a minimum deposit of $10,000, with tighter spreads starting at 2.2 pips. This tiered structure allows traders to choose an account that best fits their trading style and capital.

  

Tools and Resources (Score: 7)

  The broker provides access to educational resources through its Traders Club, which includes webinars, market analysis, and trading signals. Additionally, USGFX partners with Trading Central for technical analysis, enhancing the trading experience for users.

  

Customer Service and Support (Score: 5)

  Customer support at USGFX is available via live chat, email, and phone, but experiences reported by users indicate that response times can be slow, particularly over email. While a personal account manager is assigned to each trader, the overall support experience appears to be lacking compared to industry leaders.

  

Trading Experience (Score: 6)

  The trading platforms offered, MT4 and MT5, are well-regarded for their functionality and user interface. However, the high spreads, particularly on lower-tier accounts, can detract from the overall trading experience. Additionally, the lack of a dedicated mobile app may be seen as a drawback for traders who prefer mobile trading.

  

Trustworthiness (Score: 5)

  While USGFX is regulated by ASIC, the revocation of its FCA license raises concerns about its reliability. Furthermore, multiple reviews suggest issues with withdrawals, with some users reporting difficulties in accessing their funds. This inconsistency in user experience impacts the overall trustworthiness rating.

  

User Experience (Score: 6)

  User experiences with USGFX vary widely, with some users praising the platform's ease of use and the availability of educational resources, while others report challenges with high spreads and withdrawal issues. This mixed feedback reflects a need for potential clients to conduct thorough research before committing to the broker.

  

Conclusion

  In conclusion, USGFX presents a mixed offering for traders in 2025. While it provides robust trading platforms and a variety of account types, the high spreads and regulatory concerns may deter some potential clients. Traders should weigh these factors carefully and consider their individual trading needs before proceeding with USGFX.

  For further information or to share your experiences with USGFX, please feel free to reach out in the comments below.