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USGFX Review and Information 2024

USGFX Information and Review USGFX
Voting Rating USGFX does not participate in the Forex Rating
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Reviews Rating
Regulation ASIC, FCA
Trading software MetaTrader 4, MetaTrader 5, WebTrader
Headquartered G03, 135 Macquarie Street, Sydney NSW Australia 20

USG is a multi-award winning, multi-asset global FX & CFD broker, enabling clients worldwide to trade currency pairs, indices and commodities in premium trading conditions. We are great believers in helping our clients grow and prosper as traders. That’s why we provide a full and integrated suite of trader support services ranging from personalised 1-on-1 coaching, industry-leading market analysis and innovative smart trading tools so our clients can make better, more informed trading decisions. USGFX is regulated by the Australian Securities and Investment Commission (ASIC) and we hold an Australian Financial Services Licence (AFSL-302792)

At USG, we are committed to building long term relationships with our clients. We operate on trust, transparency and provision of premium trader support services, and it is these values & principles that have made us a preferred and trusted partner for traders right around the world.

USG (United Strategic Group) Forex is a forex brokerage, consists of two companies which are USG UK (Union Standard International Group) and USG LLC (United Strategic International LLC). USG UK is regulated and authorized by UK FCA (Financial Conduct Authority UK). USG LLC is registered in Saint Vincent and Grenadines. USG Forex offers over 30 forex currency pairs, cfds, commodities, gold, silver and indices via both MetaTrade 4 (MT4) and MetaTrader 5 (MT5) for your personal investment and trading options.

How to Open an Account With USGFX?

While opening an account with this broker, the following steps need to be followed

  • Step 1: Registration: visit www.usgfx.com and click on the open account button. A separate page will open. In the first stage, you need to fill in the basic information, namely name, nationality, email address, contact number, and verification code.
  • Step 2: User Information set up: In the second step, account type, leverage rate, and meta trader version options are given. You also need to choose currency pairs and trading servers in the second step.
  • Step 3: Personal Information: This step requires you to provide more personal information like full address, occupation, etc.
  • Step 4: Financial Services Information: This step is like step 3 with more elaborate details on financial services information.
  • Step 5: Trade: After completing all the details, forex trades can be initiated. Before you start trading, you need to submit certain documents for operations of a different kind of account. The information about the documentation required has been provided on the official website (www.usgfx.com) of this broker.

Forex Trading

In the context of initiating forex trades with this broker, its spread and swap rate depends upon the currency pairs chosen for trading. To access more spread it is advisable to visit the website and read through the market commentary. It states that it is based on a floating spread policy.  Floating spread policy states that rates are subjected to change in the market, with a special right with it to make changes in the rate. Also, there is no additional commission charged by the broker for forex trades, unless otherwise agreed. So using forex provides a transparent and decent service on its platform. 

Risk disclaimer: CFDs are complex instruments, and Forex and CFDs trading carry a high level of risk of losing money. Many retail account holders lose money when trading CFDs. Therefore, it may not be suitable for all investors. Understand the high risk involved before investing.

USGFX Trading Information 2024


WWW https://www.usgfx.com/
Address G03, 135 Macquarie Street, Sydney NSW Australia 20
Headquarters G03, 135 Macquarie Street, Sydney NSW Australia 20
Free phone 1300822 355
24 hour support
Partnership programs
Free education
Sponsorship contests, competitions
Mobile trading
Automated trading
Daily analysis
Demo account
Swaps
24/5 trading
Hedging
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type Variable
Pip spread on majors 1.3-2.8
Maximum Leverage 500
ECN, $ 10000
Standard account, $ 5000
Mini account, $ 100
Popular payment methods VISA, MasterCard, Wire Transfer, Webmoney, Perfect Money, Fasapay, Skrill, Neteller, POLI, VoguePay, Thailan Online Banking, Malaysia Online Banking, Indonesia Online Banking, Vietnam Online Banking, China UnionPay
Account currencies USD, AUD, EUR, GBP
Available assets Forex, Metal, Indices, Bitcoin
Languages English, Chinese, Vietnamese, Indoneisan, Malay, Arabic, Russian, French, German, Italian, Spanish, Portuguese, Myanmar, Cambodian, Korean, Hindi, Turkey
Platforms MetaTrader 4, MetaTrader 5, WebTrader
Broker type Broker, ECN
Regulation ASIC, FCA
Foundation 2006

USGFX Traders' Reviews

  8 Jun 2022
I also had a USGFX trading account. They promised to return the previously lost 2000usd. All requirements were met, I paid 100%. They seemed to put money on the withdrawal, but they did not withdraw it. I understood this scam, how they work. They gather people, create a group. Everyone opens a demo account. There is no real trade. instead of those who have already lost money, they are looking for other people. It's called a pyramid. They will also help you raise money. Don't trust them, you will never get your money back.
  17 May 2022
Pending orders are not executed in USGFX, the order was executed at a different price, in short, they stupidly turned off the execution of my orders, a specific scam. These are scammers, don’t get caught, they will take all the money, if they got it, immediately make a chargeback to the police. The regulator should block this scam. Do not mess, I lost myself, they will cheat 100 percent.
  15 Oct 2021
All the victims please go to AFCA and file the complaint form before November 5th that is the deadline.
  23 Aug 2021
Unable to withdrawal any funds now. Customer Chat are totally useless.
Go to the AFCA and file the complaint form before 05 November.
Meng   15 Oct 2021
  26 Jul 2021
After delaying withdrawal for customer from 2020 to May 2021.Giving all kinds of reason for delay. May 2021, USG went ahead to rebrand and changes the website expecting investors to forgot about the outstanding owed money. Never heard of any news on how they want to repay.


  14 Mar 2021
Do not use USGFX. It is a scam. Withdraw request 6months ago. Up till now, there's no payment. Customer chat are robots.
  16 Nov 2020
Had a "margin call" from USG which left the account at zero. yes, $0.00! This is despite having enough equity in the account last week. Something very odd is going on. Who knows, perhaps they've packed their bags and run off with people's money! Avoid like the plague!
Have been waiting for 2 months. I am even starting to lose hope.
Angel   27 Nov 2020
  16 Nov 2020
USGFX has had its Licence revoked in Australia and now works out of Vanuatu. Their Australian branch went into Administration and now they are deyaling (refusing?) to pay out client money, or commissions to IBs. I have been waiting since June for money owed to me and they say it's "being processed, thank you for your patience". So far I know of 44 people in the same position. They used to be pretty good. They are now very bad indeed!
I have been waiting for 2 months now. They always say the same thing "being processed".
Angel   27 Nov 2020
  12 Oct 2020
In fact, I have nothing to compare with, as USGFX is my first broker. But as for the first company and for my first experience in trading, the impressions about USGFX are very pleasant and positive for me! You know, at first I was afraid, because there was no knowledge, in fact, I didn't have anything behind me, but after I started trading on a demo account, my confidence gradually increased, because I knew that I could learn how to trade! So in the end it turned out.
  8 Aug 2019
In fact, I have nothing to compare with, as USGFX is my first broker. But as for the first company and for my first experience in trading, the impressions about USGFX are very pleasant and positive for me! You know, at first I was afraid, because there was no knowledge, in fact, I didn't have anything behind me, but after I started trading on a demo account, my confidence gradually increased, because I knew that I could learn how to trade! So in the end it turned out.
Why are withdrawals taking over 3 weeks? On other brokers its same day or a maximum of 3 days.
Sam   15 Sep 2020
  5 Aug 2019
USGFX Forex broker performs its duties very well. I liked their approach from the very beginning. They have developed a very convenient strategy for interaction between the client and the broker. whereby it is most comfortable to cooperate with and trade with them through their platform. Among all the trading terminals that I heard about, the highest quality is metatrader4, which is used by the USGFX broker.
  19 Jul 2019
At first glance, it seems that the USGFX broker does not stand out for anything special. But when you have some time to work with them, especially if you have experience of trading with another broker, you immediately begin to realize the value of the company. Yes, I do not argue, go to any rating and compare trading conditions, the USGFX stands firmly in the middle of the list, but if I chose a brokerage company in this way every time, then I would have gone bankrupt a long time ago. I prefer reviews about the company, and then testing the broker at the minimum investment.
  5 Jul 2019
Forex is a kind of earnings, which is now very popular. It seems to me that you can earn any money by trading, there are no limits. And it does not depend on the broker only. It also depends on the person how much he wants to earn and what he is ready to do. Only the trader himself can limit his capabilities, no one else. Many who started this business have not regretted, although there are plenty of those who no longer want to get involved with the forex exchange. I think the first rule that a novice trader needs to adhere to is to set themselves up correctly, you need to understand that the exchange and easy money are incompatible concepts. It won't be surprise here if I give advice to study, study and study again! If there is a good theoretical base, then all the skills in practice reach the high level and all that remains is to do the analysis of the markets. It is possible that some of us who are just learning more may in the future become a great investor or a professional in trading. Why not? You just need to understand that it will not be quick and easy. By the way, we all will face sooner or later, and someone may have already encountered many problems. But only the best will pass them and become traders, the rest will simply abandon the trade.
  24 Jun 2019
My impression of working with USGFX for two months: the company seems good to me; it may not be the most recognizable, but there are many clients on all sites and forums, that is, there are many clients; I know that everyone cares about the withdrawal, so I've withdrawn once and everithing was ok. A lot of help from customer support, they've even given me advice where it is better to read the traiding literature (said that there is not enough material on their website. The terminal is not complicated, but it takes time to figure out, I would like the customer support could spend more time on clients' training.
  30 May 2019
You can write both good and bad aboutany forex broker. But If you look at it sensibly, then USGFX is a good broker. They have a regulator - ASIC, FCA - they withdraw money and don't hamper trading. Normal readers can see and check everything. If they did not fulfill their obligations, they would have been closed long ago. If they still operate, then there is a reason, and most likely it is due to the fact that they offer comfortable trading conditions. I have been trading for two years with them. Made six or sever withdrawals during this period. There were some delays the first and the second time, but later everything has gone smoothly. Again, the broker is far from ideal, and there are better offers and I trade not only here. But this is not a scam broker surely.
All USGFX Reviews

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