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4.3

USGFX Review 2024: Is It Legit or Scam?

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4.3/10 (Expert Score)
Product is rated as #38
Trust
4.5
Fees
5
Platforms and Tools
4
Customer Support
3
Tradeable Instruments
3
Account Types and Terms
6.5
Deposit and Withdrawals
5
Research and Education
3
USGFX
4.3
Expert Score
#38 rated Forex Brokers
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USGFX Overviews


USGFX is a forex and CFD broker based in Australia, providing access to over 60 currency pairs, as well as commodities and indices. With competitive pricing, advanced trading tools, and a user-friendly platform, USGFX caters to traders of all levels. However, regulatory concerns and limited customer support options may be a cause for caution. Let's take a look.

USGFX Review 2024: Is It Legit or Scam?

USGFX is a leading online forex and CFD broker that has been providing trading services to clients globally since 2006. The company was founded by a group of financial experts who shared a common vision of creating a broker that could provide clients with a secure and transparent trading environment.

Over the years, USGFX has established itself as a trusted broker in the industry, offering a wide range of trading instruments, advanced trading platforms, and excellent customer support. The broker is headquartered in Sydney, Australia, and has a presence in other countries, including China, the United Kingdom, and New Zealand.

In addition to its commitment to safety and security, USGFX is known for its innovative trading solutions. The broker offers a variety of trading platforms, including MetaTrader 4, which is widely regarded as one of the best forex and CFD trading platforms available.

USGFX also offers a range of account types to cater to the needs of different traders, from beginners to advanced traders. Each account type comes with unique features and benefits, such as access to different trading platforms, educational resources, and trading tools.

Overall, USGFX has established itself as a reputable and reliable forex and CFD broker, committed to providing its clients with the best possible trading experience. Let’s see if this broker is the right choice for you.

Broker Feature Overview
Type of Broker Forex, ECN Broker
Regulation & Licensing Saint Vincent and the Grenadines Limited Liability Company Act” (NO. 648LLC2020)

 

Applicable Countries NOT Allowed To Trade USA, Japan
Assets Offered Indices, Forex, Commodities
Platforms Available MT4, MT5, MetaTrader Mobile, MyFXBook
Mobile Compatibility Yes
Payment & Withdrawal Options

 

Skrill, Debit and credit card, Neteller, Bank Wire Transfer, FasaPay, CoinPayments, PerfectMoney, and Online Banking (region based)

Facts About USGFX
  • Founded in 2006
  • Headquartered in Australia
  • Offers multiple account types, including Standard, Pro, ECN, and VIP accounts
  • Provides access to various trading platforms, including MT4, MT5, and the MetaTrader Mobile
  • Offers a wide range of trading instruments, including forex, commodities, indices
  • The minimum deposit varies based on the account type, starting from 100 USD
  • Provides customer support through live chat, email, and phone
  • Offers various deposit and withdrawal methods, including Skrill, credit/debit cards, Neteller, bank wire transfer, and FasaPay
  • Provides educational resources and trading tools, including webinars, daily market analysis, and a trading calculator

Pros and Cons


PROS
  • Offers a range of trading instruments, including forex, metals, indices, and commodities
  • Provides several trading platforms such as MT4, WebTrader, and Mobile Trading Platform
  • Offers various account types, including Demo, Standard, Pro-ECN, Mini, and VIP Trading Accounts
  • Provides customer support through international phone number, email, and live chat feature
  • Offers trading resources such as economic calendar, daily market analysis, and trading tools
  • Provides partner and affiliate programs for business opportunities
  • Offers deposit bonus promotions and special offers
CONS
  • Limited information was provided on countries and regions where USGFX is not allowed to operate
  • No information on the number of regulatory authorities overseeing the broker
  • Lackluster "About Us" section with limited information on the company
  • Limited educational resources for beginners
  • No information on the broker's safety and security measures

Is USGFX Safe? Broker Regulations


When it comes to choosing a broker, safety, and reputation are paramount. USGFX, a regulated foreign exchange and CFD broker, has been in business since 2006, offering trading services to clients around the world. But the question remains: is USGFX a safe and reputable broker?

One way to determine a broker’s safety and reputation is to examine its regulatory status. USGFX is registered in St. Vincent and the Grenadines under the United Strategic International LLC, with the certificate of “Saint Vincent and the Grenadines Limited Liability Company Act” (NO. 648LLC2020) obtained in 2020. As a regulated broker, USGFX must adhere to strict capital requirements and implement internal procedures such as risk management, regular staff training, and strict accounting and auditing processes.

Clients can find more information on USGFX’s regulation by visiting the “regulation” section under the “about us” menu or by scrolling through their website’s footer. It is important to note that USGFX is not available for United States or Japan residents, and the information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where USG is required to be regulated.

Regulation is important in the financial industry because it protects clients from fraudulent and unethical behavior. Regulated brokers must follow strict guidelines, including capital requirements, internal procedures, and reporting obligations, to ensure that they operate fairly and transparently. These regulations benefit clients and promote stability and integrity in the financial markets.

USGFX has been in business for over 15 years and has established a reputation for quality service and professionalism from our research. While they have not received any notable awards in recent years, their longevity in the industry speaks for itself. They have a track record of providing reliable trading services to clients worldwide, with various trading platforms and account types available to suit different trading styles and preferences.

Customer reviews are important to consider when evaluating a broker’s reputation. USGFX has a Trustpilot score of 4.2 out of 5, based on over 300 reviews. While there are some negative reviews, the majority of clients seem satisfied with the broker’s services, citing ease of use, helpful customer support, and fast withdrawals. It is important to note that individual experiences may vary, and clients should always do their own research before opening an account with any broker.

USGFX is a regulated foreign exchange and CFD broker that has been in business for over 15 years. As a regulated broker, USGFX adheres to strict guidelines to ensure that they operate in a fair and transparent manner. While they have not received any notable awards in recent years, their longevity in the industry speaks for itself.

It should be noted that this broker does not, in fact, have a brokerage license, and even though this broker has been operating for many years, caution should be taken when using this broker. A preferable choice would be a broker that is regulated by multiple financial authorities like ZFX.

  • Saint Vincent and the Grenadines Limited Liability Company Act" (NO. 648LLC2020)

What Can I Trade with USGFX?


One of the most important aspects of choosing a broker is the range of assets available for trading. However, finding information on the assets offered by USGFX can be challenging. The website, usgfx.global, provides little information on the assets clients can trade other than a banner on the homepage stating “60 currencies, indices, and commodities.” Navigating the site offers no further insight.

This lack of transparency is concerning, especially when compared to other top-tier brokers like ZFX, who make this information readily available on their websites. New clients may not want to search the web for information on a broker’s assets, and they should be able to find this information easily on the broker’s site.

So, what assets can clients trade on USGFX? Let’s take a closer look:

Currencies

USGFX offers a wide range of currency pairs for trading, including major, minor, and exotic ones. These pairs include popular options like EUR/USD, GBP/USD, and USD/JPY, as well as less common options like USD/ZAR and EUR/CZK.

Indices

USGFX also offers a variety of indices for trading, including major global indices like the S&P 500, NASDAQ, and FTSE 100, as well as regional indices like the ASX 200 and Nikkei 225.

Commodities

USGFX offers a range of commodities for trading, including precious metals like gold and silver, energy commodities like crude oil and natural gas, and agricultural commodities like corn and soybeans.

USGFX offers a very limited set of assets for trading, including currencies, indices, and commodities. However, finding information on these assets can be challenging, as the broker’s website provides little information beyond a banner on the homepage. Other top-tier brokers like ZFX make this information readily available, and it is important for brokers to do the same. Clients should be able to find information on the assets available for trading easily on a broker’s site without having to search the web for additional information.

  • Indices
  • Forex
  • Commodities

How to Trade with USGFX?


One of the most important factors to consider when choosing a broker is the trading platforms they offer. Fortunately, USGFX offers “the gold standard” of platforms (MetaTrader) for their clients to choose from. However, finding information on these platforms can be a challenge. The relevant pages can be found under their website’s “platforms” menu, but the information provided is very limited.


We have covered MetaTrader (and its features) multiple times here on PipPenguin, and as such, we don’t feel the need to go over it. However, this broker provides such limited information on these platforms that we will review how they apply to USGFX.

MetaTrader 4 is one of the most respected and commonly used forex trading platforms around the world since 2005. USGFX offers a premium and powerful trading experience on their MT4 platform, which is fully customizable to suit your trading style and needs. This platform offers ultra-fast one-click execution, deep technical analysis of the markets, and automated trading through Expert Advisors. To enhance your experience, USGFX will stream trading set-ups direct to your MT4 platform to assist you in making informed and timely trading decisions. The USG MT4 platform is available for immediate download, but it is important to note that the only download option for MT4 is for Windows.

USGFX also offers the USG MetaTrader 5, which delivers everything traders love about the USG MT4 platform with a few extra enhancements. This platform provides more power, precision, and options. It offers newly added features and technical upgrades, providing traders with all the tools they need to take on the markets. With the USG MT5, traders can access an integrated all-in-one multi-functional FX trading platform, built-in MetaTrader Market, enhanced web trading, superior copy trading (signals), a freelance database, and virtual hosting. The USG MT5 platform is available for immediate download and is absolutely free.

USGFX offers mobile trading on both MT4 and MT5 platforms, allowing traders to trade from anywhere in the world at any time from the convenience of their smartphone or tablet. The MT4 and MT5 apps are available for download on both the Apple App Store and Google Play.

If you don’t have the time or expertise to stay on top of the markets, USGFX offers social trading through MyFXBook. This platform allows you to follow the trades of professional forex traders, making it easy for beginners to learn from professional role models. MyFXBook offers the world’s first free social trading platform with a state-of-the-art and intuitive web interface. Users can choose one or multiple systems from thousands of verified top-performance traders into their own portfolios in a USG live account. This platform is highly customized, and traders can easily add or remove signal providers from their portfolios.

Overall, USGFX offers a variety of trading platforms for their clients, including MT4, MT5, MetaTrader Mobile, and Social Trading through MyFXBook. While finding information on these platforms can be a challenge, clients can find the relevant pages under the “platforms” menu on their website. The USG MT4 and MT5 platforms offer powerful trading experiences, and the mobile trading options make it convenient for clients to trade on the go. The social trading option through MyFXBook is a great tool for beginners who want to learn from professional traders.

Features MT4 MT5 MetaTrader Mobile Social Trading
One-Click/One-Tap Trading Yes Yes Yes Yes
Trade Straight off Charts Yes Yes Yes No
Email Alerts/Push Notifications Yes Yes Yes No
Mobile Alerts Yes Yes Yes No
Stop Order Yes Yes Yes Yes
Market Order Yes Yes Yes Yes
Trailing Stop Order Yes Yes Yes No
OCO Orders (One-Cancels-The-Other) Yes Yes No No
Limit Order Yes Yes Yes Yes
24hr trading Yes Yes Yes Yes
Charting Package Yes Yes Yes Yes
Streaming News Feed Yes Yes Yes No

  • MetaTrader 5 (Windows, macOS, and Linux)
  • MetaTrader 4 (Windows)
  • MetaTrader Mobile

How Can I Open USGFX Account? A Simple Tutorial


To open a live account with USGFX, you must head to their site and click on the “open account” button in the header.

You will then be taken to their registration page, where you will need to fill in some information such as your first name, surname, nationality, country of residence, Email address, and phone number. Here you will see that there is a five-step process to the registration undertaking.

The next page will have you create a password and choose your account type. Note that we will discuss this broker’s account types in the following sections. Here you will also have the option to add additional notes, whereby you can authorize a third party to manage your account. Take note that selecting an account type will bring up your leverage and trading platform options which you will need to select. You will also need to select your “server” and base currency here.

The next stage of the registration process will have you fill in your personal information, such as ID number, place of residence, gender, and so on. Due to the fact that other top-tier brokers who are registered by multiple authorities across the globe only expect clients to “verify” their identity once an account is open, this is where we stopped.

However, if you intend to sign up with this broker, you will need to fill in this section and then head to the next, which is the last. That section will have you fill out your financial information and most likely includes banking details along with salary details. Once this is complete, you should get the information needed to use when signing into your chosen platform.

  • Head to the USGFX global website
  • Click on the "open account" button in the header
  • Fill in your personal information on the first page
  • Select your password, trading account type, and additional features
  • Follow the prompts for the rest of the registration steps to complete your sign-up process

USGFX Charts and Analysis


USGFX tries to understand the importance of education when it comes to forex trading, and they offer some resources to help their clients become more knowledgeable and confident traders. The education center menu on their website provides access to the FX Blog, the Trading Guide, the “everything about FX trading” section, and the webinars and seminars section.

The FX Blog offers various articles covering topics such as market analysis, trading psychology, and trading strategies. However, it’s important to note that the blog was last updated in Feb 2022, which means that the information provided may not be the most up-to-date. This is not a good thing, as traders need to have access to current and accurate information to make informed trading decisions.

The USGFX Trading Guide is a comprehensive resource for both new and experienced traders. It covers all the basics of forex trading, including technical analysis, risk and money management, and trader’s psychology. The guide also provides an overview of the forex market and explains why it’s a great market to trade in. It covers essential topics such as how to trade the market, the advantages of forex trading, and the role of a trader’s mission and goals. Additionally, the guide explains the advantages of trading with USGFX and how it can benefit traders.

The “Everything about FX trading” section extensively overviews the forex market and how it works. This section covers essential topics such as what forex trading is, the advantages of trading forex, and who the major players are. The section also delves into how an FX trade works, explaining the role of a currency pair and the factors that can impact its value. The section on fundamental analysis provides a good introduction to the economic indicators that impact forex trading, while the technical analysis section covers the different types of charts used by traders.

The “Everything about FX trading” section also includes detailed information on Forex, CFD, and metals contract details. The section is an excellent resource for traders who want to learn more about the forex market and trading strategies. The Forex glossary is particularly useful for beginners, providing a list of commonly used Forex trading terms with clear definitions.

Overall, both the Trading Guide and the “Everything about FX trading” section provide valuable information for traders. They cover a range of topics essential for traders to understand to make informed trading decisions. It’s important to remember that the forex market is constantly evolving, so traders should continue to educate themselves and stay up-to-date with the latest market news and trends.

Then, USGFX also offers monthly webinars designed to introduce beginners to the world of forex trading and experienced traders to advanced trading education. The webinars take place every second and last Wednesday of the month, and they cover a range of topics such as market analysis, trading psychology, and trading strategies. This is an excellent opportunity for traders to learn from experienced professionals and enhance their trading knowledge.

USGFX does provide a minimal range of educational resources for its clients. From the Forex Trading Guide to the “everything about FX trading” section and the webinars and seminars, USGFX covers the basics, but they just can’t compete with powerhouses like ZFX or XM. It’s also important to note that the blog hasn’t been updated in a while, but the other resources are still valuable and informative.

  • The FX Blog
  • Trading Guide
  • Everything About FX Trading
  • Webinars and Seminars

USGFX Account Types


USGFX offers its clients four different account types: the Mini account, Standard account, VIP account, and Pro-ECN account. You can find detailed information about each account type by visiting the “account types” section on the broker’s website.

The Mini account is entry-level and requires a minimum deposit of 100 USD. It offers a spread of 2.8 pips and a minimum lot size of 0.01. Clients can choose from leverage options of 1:100, 1:200, 1:400, or 1:500, with a standard lot size of 100,000.

The Standard account requires a minimum deposit of 10,000 USD and provides tighter spreads from 2.2 pips compared to the Mini account. It also offers the same leverage options and standard lot size as the Mini account, but clients can choose from three different account types – individual, joint, or corporate.

Then the VIP account is designed for high-net-worth individuals or institutions and requires a minimum deposit of 50,000 USD. It provides clients with tighter spreads from 1.3 pips, and like the Standard account, clients can choose from individual, joint, or corporate account types.

The Pro-ECN account requires a minimum deposit of 50,000 USD and offers tighter spreads from 1.5 pips. It also offers a fixed leverage option of 1:100 and a standard lot size of 100,000. Clients can choose from individual, joint, or corporate account types.

USGFX has a good range of account types when compared to other brokers to suit the varying needs of its clients.

Features Mini Account Standard Account VIP Account Pro-ECN Account
Account Currencies USD, EUR, AUD, JPY, CHF, GBP, SGD, NZD USD, EUR, AUD, JPY, CHF, GBP, SGD, NZD USD, EUR, AUD, JPY, CHF, GBP, SGD, NZD USD, EUR, AUD, JPY, CHF, GBP, SGD, NZD
Available Leverage 1:100, 1:200, 1:400, 1:500 1:100, 1:200, 1:400, 1:500 1:100, 1:200, 1:400, 1:500 1:100
Minimum Deposit 100 USD 10,000 USD 50,000 USD 50,000 USD
Commission Per Trade No No No Yes
Decimal Pricing 5 Decimal Places 5 Decimal Places 5 Decimal Places 5 Decimal Places
Trading Instruments 60 currencies, indices, and commodities 60 currencies, indices, and commodities 60 currencies, indices, and commodities 60 currencies, indices, and commodities
Min. Lot Size Per Trade 0.01 0.01 0.01 0.01
Max. Lot Size Per Trade No maximum limit No maximum limit No maximum limit No maximum limit
Spreads From 2.8 pips From 2.2 pips From 1.3 pips From 1.5 pips
Demo Account Yes Yes Yes Yes
Swap/Rollover Free Yes Yes Yes Yes
Hedging Yes Yes Yes Yes
Scalping Yes Yes Yes Yes
Copy Trading Support Yes Yes Yes Yes
Available to US Residents No No No No

  • Mini Account
  • Standard Account
  • Vip Account
  • Pro-ECN Account

Do I Have Negative Balance Protection with This Broker?


Negative balance protection is a crucial policy that ensures traders do not lose more than the amount they have deposited into their accounts. In the volatile and unpredictable world of forex trading, this safeguard gives traders peace of mind and protects them from potentially devastating losses.

Unfortunately, while many top-tier brokers like ZFX make this information readily available, it can be challenging to find out whether a broker offers negative balance protection. This is also the case with USGFX, as the information is not provided on their website.

For traders, this lack of transparency can be frustrating and concerning. It’s essential to know whether a broker offers negative balance protection, as it can significantly impact the safety of your trading account. While we did manage to find information through other sources that USGFX does offer this policy, we cannot be certain, and it would be much more reassuring if the information were readily available on their website.

Top-tier brokers like ZFX understand the importance of being transparent about their policies, including negative balance protection. By making this information available to all, they build trust and credibility with their clients, which is essential in the highly competitive world of forex trading. We hope that USGFX will take note and make this information more easily accessible to their clients. In the meantime, we recommend that potential clients reach out to USGFX customer service for clarification on their negative balance protection policy.

  • Yes, on all account types

USGFX Deposits and Withdrawals


USG offers its clients various deposit and withdrawal methods, providing convenience and flexibility for funding their trading accounts. Information on these methods can be found under the “Account Types” section on the broker’s website.

To deposit funds, clients can choose from options such as bank wire transfer, credit card, and other alternatives depending on the region. These include FasaPay, Neteller, Skrill, CoinPayments, AstroPay, and more.

The deposit fee is waived when the client trades 1 lot, but if the trading requirement is not met upon withdrawal, the client will be charged with both the deposit and withdrawal fees. The estimated processing time varies depending on the chosen deposit method, with some methods offering instant fund arrival while others take up to 3 working days.

It’s important to note that USG does not accept cash deposits, including money orders and travelers’ checks. Additionally, the company follows an international anti-money-laundering policy and will not receive payment via third parties.

When it comes to withdrawals, USG makes the process quick and easy, with all withdrawals processed within 24 hours. Clients could withdraw their funds directly from their Client Login Area, with the option to withdraw back to their nominated bank account or credit card if they used a credit card to deposit. The estimated processing time for withdrawals varies depending on the chosen withdrawal method.

USG charges a withdrawal fee for some methods, such as bank wire transfers and cryptocurrency. Clients who fail to meet the trading requirements may be charged both the deposit and withdrawal fees. Additionally, the minimum withdrawal amount for a credit card is 1,500 USD, with an extra 30 units of currency surcharge applying for withdrawals less than the specified amount.

It’s worth noting that the company randomly examines account records to check for instances of suspected money laundering, including monitoring the funding status of the account and information on payers and payees of wire transfers, among others.

  • Skrill
  • Debit and credit card
  • Neteller
  • Bank Wire Transfer
  • FasaPay
  • CoinPayments
  • PerfectMoney
  • Online Banking (region based)

Support Service for Customer


When it comes to customer support, it’s an essential aspect of any broker’s services. Having a reliable and efficient customer support team can make all the difference in a trader’s experience with a broker. This is why brokers need to offer multiple channels of support to their clients.

In the case of this broker, the customer support channels are unfortunately limited. The information can be found on the “contact us” page, which is located under the “about us” section. The page is lackluster, with only one international phone number and an email address for support. While these are standard channels of support, it’s not enough for traders who need immediate assistance.

However, they offer a live chat feature accessible throughout the website. This is a good feature, as many top-tier brokers now consider live chat a standard feature. This can be a great way for traders to get quick answers to their questions without having to make a phone call or send an email.

Other top-tier brokers like ZFX and others have a live chat and offer additional support resources such as help centers, FAQ sections, multiple contact numbers, and email addresses. This shows a commitment to providing comprehensive support to their clients.

In the end, having good customer support channels can make a big difference in a trader’s experience with a broker. It can be frustrating and stressful for traders to deal with issues on their own, so having a team of experts available to help can alleviate some of that stress. By offering multiple channels of support and helpful resources, brokers can show that they care about their client’s success and are dedicated to providing top-notch services.

USGFX Customer Support Overview
Supported Languages Unknown
Customer Service By USGFX
Customer Service Hours Unknown
Email Response Time Unknown
Telephonic Support Yes
Personal Account Manager No

  • Supported Languages: Unkown
  • Customer Service Channels: Live Chat, Email, Phone
  • Customer Service Hours: Unknown

Prohibited Countries: Where Can I Not Trade with this Broker?


While many forex brokers offer services globally, there are certain countries and regions where they are not allowed to operate due to various reasons, such as legal restrictions, regulatory requirements, and economic sanctions. Unfortunately, not much information is provided on this broker’s website regarding the specific countries and regions where they are not allowed to operate.

To find this information, one would need to go through the legal documents provided by the broker, which can be found under the “about us” menu section. It is important to note that legal documents can be quite lengthy and complex and may require some time and effort to understand.

In addition to the information provided, it is important to note that according to the “Regulations” section on this broker’s website, the information on their site is not intended for distribution to, or use by, any person in any country or jurisdiction where the broker is required to be regulated. Specifically, United States or Japanese residents are not allowed to use this broker’s services. This information is crucial for potential clients to consider before opening an account with the broker, as it can have legal implications for them.

Brokers may not operate in specific regions for a variety of reasons. For example, a broker entity may not be licensed or authorized by the relevant financial authorities to operate in a particular country or region. Economic sanctions imposed by certain countries or international bodies may also restrict a broker’s ability to operate in certain regions. In addition, local laws and regulations may prohibit or restrict forex trading activities in some countries or regions.

Traders need to be aware of the countries and regions where a broker is not allowed to operate, as attempting to trade with a broker in a restricted region can result in serious legal and financial consequences. Top-tier brokers like ZFX and others make this information readily available on their websites, along with detailed explanations of the reasons behind the restrictions. This helps to ensure transparency and trust between the broker and their clients, which is essential in the forex trading industry.

  • USA
  • Japan

Special Offers for Customers


USG offers a variety of special promotions and bonuses for their clients, which can be found under the “account types” section of their website. These promotions are a great way to attract and retain new clients. However, it should be noted that some of these promotions may be outdated, as the last special promotion offered by USG was in the summer of 2022.

Some of the special promotions that USG has offered in the past include;

  • the USG Summertime Weekly Bonus
  • USG Summer Losable Deposit Bonus Giveaway
  • Winner List of USG 2022 Spring Promotion
  • USG Spring Deposit Bonus
  • 2022 USG Losable Bonus
  • USG 2022 Spring Promotion Price value up to 4,000 USD
  • Trading for the Best
  • Chance to Win Plane Tickets and Earn Cashback Reward with a Deposit

It’s important for brokers to offer special promotions and bonuses as it helps to create a more attractive and competitive trading environment for their clients. Many other top-tier brokers like ZFX offer similar promotions and other benefits like help centers, FAQ sections, multiple contact numbers, and email addresses for customer support.

USG also offers a partner and affiliate program that provides a range of benefits. This program can be accessed by visiting their website’s “partners and affiliates” section. The advantages of partnering with USG include access to multi-feed liquidity, transparent dealing models, customized trading platforms, no restrictions on trading strategies, advanced IT infrastructure, real-time news and market commentaries, and a professional support team.

Furthermore, USG offers convenient and quick deposit/withdrawal options, individual registration for and commission paid to each rank, customized commission systems and trading conditions for partners, deposit bonus promotions, weekly commission payments, education and training support, paperless operations, and a powerful back-office. USG also has an extensive recruitment program and offers its agents long-term career growth, constant challenges, and generous rewards.

It’s important to note that USG does not operate in all countries or regions. This information can be found in the “regulations” section of their website, which states that their services are not intended for distribution to, or use by, any person in any country or jurisdiction where USG is required to be regulated.

  • Special promotions (weekly bonus, deposit bonus, etc.) – last valid in 2022
  • Partner and affiliate program

USGFX Review Conclusion: Reputable Broker with Easy-to-use Platform


While multiple authorities do not regulate USGFX, their adherence to strict regulations and internal procedures indicates their commitment to providing a safe and reputable trading environment for their clients.

PIPPENGUIN

After thorough research, it can be concluded that USGFX is a safe and reputable broker. As a regulated foreign exchange and CFD broker, USGFX adheres to strict capital requirements and implements internal procedures, including risk management, regular staff training, and strict accounting and auditing processes. The company obtained the certificate of the “Saint Vincent and the Grenadines Limited Liability Company Act” (NO. 648LLC2020) in 2020, which demonstrates its commitment to regulatory compliance. However, this is the only “brokerage” license that they hold.

While multiple authorities do not regulate USGFX, their adherence to strict regulations and internal procedures indicates their commitment to providing a safe and reputable trading environment for their clients.

It is worth noting that USGFX does not offer its services to United States or Japanese residents and is not intended for distribution to, or use by, any person in any country or jurisdiction where USG is required to be regulated. This further highlights their dedication to regulatory compliance and responsible trading practices.

Overall, while multiple authorities regulate other brokers, USGFX’s adherence to strict regulations and commitment to providing a safe and reputable trading environment make them a trustworthy choice for traders looking for a regulated broker.

Summary and Key Takeaways


USGFX offers four different account types: Standard, VIP, Islamic, and Pro. Each account has different requirements and benefits, such as different minimum deposits, maximum leverage, and access to certain trading tools.

USGFX has two trading platforms available to clients: MetaTrader 4 (MT4) and MT5. MT4 is a popular platform known for its advanced charting capabilities, while WebTrader is a web-based platform that can be accessed from any device with an internet connection.

USGFX provides customer support via email, international phone numbers, and live chat, which can be accessed throughout the website. However, the website’s “Contact Us” page only provides one international phone number and email address for support.

USGFX offers various trading resources, including educational materials such as webinars, trading guides, and video tutorials. They also provide a news section on their website with the latest market updates and analyses. Additionally, clients have access to advanced trading tools such as Autochartist, which provides automated technical analysis.

  • USGFX is a forex and CFD broker that provides a range of trading instruments, including currencies, indices, and commodities
  • The broker offers several trading platforms, including MetaTrader 4, WebTrader, and MobileTrader
  • USGFX has four different account types: Mini, Standard, VIP, and ECN
  • The broker provides customer support through a variety of channels, including phone, email, and live chat
  • USGFX offers several trading resources, such as educational materials, market analysis, and a demo account
  • The broker's website lacks detailed information about its regulatory status and the countries where it is not allowed to operate
  • USGFX provides special promotions and bonuses for its clients, including deposit bonuses and cashback rewards
  • The broker offers a partnership program for businesses and individuals looking to expand their product offerings and services
  • USGFX has obtained a certificate under Saint Vincent and the Grenadines Limited Liability Company Act
  • It is important to consider a broker's safety and regulatory status before trading with them

FAQs


What is the minimum deposit for USGFX?

The minimum deposit will depend on the account types offered: Mini, Standard, VIP, and Pro-ECN;

  • Mini account is 100 USD
  • Standard account is 10,000 USD
  • VIP account is 50,000 USD
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USGFX Review 2024: Is It Legit or Scam?
USGFX Review 2024: Is It Legit or Scam?
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