USGFX Broker Review 2022

The information obtained can then be utilised to pursue recoveries for the benefit of creditors, or possibly to prosecute parties for misconduct. We confirm that we have been reporting regularly to the appointed Committee of Inspection as the Liquidation has progressed. That communication is confidential, as it deals with privileged and commercially sensitive information. The COI members have supported our work thus far and our intended actions moving forward, in particular, the Public Examination application. We refer to previous reports concerning this Liquidation and provide a brief update for creditors in respect of upcoming applications to the Federal Court of Australia . No update on actual recoveries made since then was made in the latest update.

They offer diverse, quick and safe payment methods; Bank Wire, Credit/Debit Card, Webmoney, Perfect Money, Fasapay, Skrill and Neteller, Unionpay. And of course, we would be glad to know your personal opinion about USGFX, share your experience in the comment area below or ask us for some additional information. By submitting your review you agree to the REVIEWS.io terms & conditions. Please note that we may share your email with the company to verify your order. We can assure once you have tried the services of USG UK, you would never want to opt out. The website states that there is no surplus commission to pay for metal trading.

usgfx review

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Investors can trade 60 currency pairs, as well as Gold, Silver, indices, and CFDs through the USGFX market, which offers 24/7 customer service. I also put in a withdrawal request the complete turtletrader review to USGFX in September 2020 and have received nothing. They continue with their rhetoric of ‘a regulatory change’ but this is a ridiculoueexcuse.,,,,cyphtech.com’ssupportHelpedMe.

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The Trustpilot Experience

Union Standard International Group Pty Ltd is an Australia based forex brokerage company headquartered in Sydney. It is exclusively designed for investors who are new to the market and do not have enough time to analyze the market and its market tools. All they have to do is to follow the social trend of the market through MyFxbook. Many insights and analysis from signal providers are available.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Let other traders know if this service is worth checking or should be avoided. The application for withdrawal in July 2020 has not been remitted so far. We are currently undergoing a regulatory transition hence the withdrawal time will be prolonged. Have had great customer service from USG Forex, and I would recommend as even the trading was without issues.

This company should not be trusted with any of your funds as they have only just recently appeared on the internet . Watch the most common forex scam videos and how to avoid them starting right now. Type 0 – in pips, Type 1 – in the symbol base currency, Type 2 – by interest, Type 3 – in the margin currency.

Access to web traders ensures connection to multi-terminal, which makes this platform swifter than others. It is one of the fastest forex platforms available in the trading world. It is 12 times faster in execution with a capability of 10 fold latency reduction. It has a high latency reduction rate due to optical fiber connections with interbank servers of London and NewYork.

Fraud platform

In the interim, we will continue to provide regular reporting to the COI, as the creditors’ appointed representatives. Ancillary applications for additional examinees may also be filed in the near future depending extrasum on further legal advice. As mentioned in our previous update, we have shifted our focus to pursuing possible recovery actions, where the initial step is to hold a Public Examination of key parties involved.

In the first stage, you need to fill in the basic information, namely name, nationality, email address, contact number, and verification code. Union Standard International Group Pty Ltd is regulated by the Australian Securities & Investment Commision . Affiliation to ASIC makes sure that the brokers are following the regulation and guidelines of the statutory body. The broker does not offer its services in countries like Japan, United States, North Korea etc. Union Standard International Group Ltd has a track record of great popularity for its research and educational tools and compliance to high trading standards which could be accessed through the Traders Club.

usgfx review

The enhanced accuracy, productivity and algorithmic trading functions of this platform make it ideal for FX traders. Also, broker understands that good education and knowledge of the market processes is the key factor in successful trading, for that reason, USGFX developed its unique project TradersClub. The TradercClub provides extensive education programs for the traders of different level and includes not only materials but market analysis, risk management along with regular contests, seminars and much more. If usgfx.com is offering forex trading you should check to see if they are regulated as most forex brokers are scams. Trading is delivered primarily via the MetaTrader 4 and MetaTrader 5 trading platforms. For both versions, both desktop and mobile-friendly versions are available, and the standard of trading is every bit as good as we have come to expect from the MetaTrader crew.

Demo Trading Account Options Available

All reviews represent only their author’s opinion, which is not necessarily based on the real facts. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Your trading is only as good as your technical financial analysis so get the best analysis you can get and make the right trading decisions. Through attractive affiliate programs, trustworthy third party companies improve their services.

Min Deposit

Safety is at the forefront of all trading activity at USGFX. This Forex brokerage is licensed by the Australian Securities & Investments Commission and it also maintains client funds in segregated accounts. This guards against insolvency or bankruptcy of the company. USGFX is fully authorized by the Australian Financial Services to offer a wide range of financial instruments and products to clients. The range of financial instruments include gold and silver CFDs, AUD/USD, XAU/USD, index CFDs and the like. Below are examples of the 60 tradable instruments at this brokerage.

USGFX

One such promotional offer is the 50% deposit bonus which is available over the first 60 days from the date of your deposit. There is a friend referral program which rewards traders with up to $200 when the referred friend deposits $999. Now lets check which software and trading platforms USGFX use, well broker chose the reliable trading platforms MetaTrader4 and MetaTrader5 that complies with technological solutions and bringing endless possibilities.

USGFX 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. USGFX helps clients grow and prosper as traders and provides a full and integrated suite of trader support services ranging from personalized 1-on-1 coaching and industry-leading market analysis. USGFX operates on trust, transparency and provision of premium trader support services, and is regarded as a preferred and trusted partner for traders right around the world. USGFX provides Forex traders with an array of resources including FX TV, a $100,000 demo trading account, market news & analysis, webinars, seminars, and an active blog.

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

The servers are located in Hong Kong and New York to ensure that clients enjoy rapid executions of trades at all times. As we timely say, the regulatory follow of guidelines and reputable license is a first thing to check while choosing a broker. Simply, strict regulation requires numerous ways to protect clients’ funds, as well to provide healthy competition and deliver of transparent environment, which is never a fact at non-regulated brokers.

I usually just contact with my IB/account manager directly because she knows my situation well and always handle my request quickly. They have slippage but 70% of slippage at USG is in favor of client. Anyway, I have been trading here for 3 years and I am happy with them. The data included on Top8forexbrokers.com is not always published in real-time and/or necessarily accurate and do not always reflect the views of Top8forexbrokers.com owners, employees and/or content contributors. One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone. Before trading Forex or any other financial tool one should be aware of the risks, know exactly his investment goals and limits and acquire a fine level of risk understanding and risk management.

Various trading platforms are available, including MetaTrader 4 and MetaTrader 5. MT4 is the most established and respected Forex trading platform. Clients get to enjoy feature-rich resources on this fully customized platform, with 1-click execution, charting, graphs, trend analysis, and EAs. This trading platform is provided free of charge and can be downloaded direct from USGFX. It is available for Windows operating systems and Mac operating systems.

Metal trading with USGFX depends upon the kind of account operated by the trader. The information about the documentation required has been provided on the official website () of this broker. After completing all the details, forex alvexo review trades can be initiated. Before you start trading, you need to submit certain documents for operations of a different kind of account. This step is like step 3 with more elaborate details on financial services information.

I trade at this broker and their spread is about 0.9-4pips for major forex pairs. I had made over USD10,000 profit but I have withdrawn it for over 5 times. They are true STP broker because true STP will not offer fixed spreads. Only those who trade against clients would offer fix spread because they know 90% of trader lose, so they don’t go through liquidity providers and can provide fixed spreads. Their live chat is 24 hours and 7 days a week, sometimes they have stupid live chat operator, but they have very good ones as well.

How long does it take to get my money back?

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

Brokers By Licenses

Instead look for regulated and reputed brokers who can really help in growing your investments. Some people always blame the broker when they lose money, sometimes it is because they are not good traders but they do not want to admit it. This trading platform provides control on multiple accounts concurrently, perfect for money managers.

Therefore, after several times of communication with your company, our company has implemented a number of plans and cooperated with your company to solve the problem of client’s withdrawal delays. USGFX has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed USGFX in the list of scam brokers 2021. Like other brokers, this company offers this common and user-friendly trading platform with several trading tools. They represent high quality and convenient financial market services as well as different, high tech and secure trading platforms; MetaTrader 4, MT4 Mobile, WebTrader, MT4 Multi terminal and Social Trading.

If users have any queries while setting up their account, they can get in touch with the customer service team via live chat support, email or phone available 24 hours. So, go through this review for a better understanding of the USGFX forex brokerage platform. Made withdrawals request for more than 6 months and never get my money. Usgfx.com appear to mainly market to clients in Europe and the USA via telephone marketing and posting on social media such as Tiktok and Instagram. ❌ If usgfx.com is offering you trading advice or investment opportunities you should check to see if they are regulated as they could be breaking the law.

Provide specific products and services to you, such as portfolio management or data aggregation. This trading platform is accessible via web browser without downloading any new software. A Demo account included in the company offer also and bringing 100k$ virtual to practice trading or test strategies, indeed recommended as a start. Union Standard Group, which uses trading name USGFX is regulated forex exchange and CFD broker, authorized by the Australian Securities and Investment Commission and holds an Australian Financial Services Licence . Note that the content on this site should not be considered investment advice.

USGFX provides social trading solutions to clients who have no time to trade or those who simply want to copy other traders without bothering with any complex market analysis. The social trading platforms provided include Myfxbook, ZuluTrade. Moreover, USGFX also supports web-based trading platforms, MT4 multi-account management systems, and social trading, giving traders the flexibility to choose in light of their actual needs.

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