USGfx Review – is USGfx Scam or Legit Broker?

USGfx

2.7

Rating

2.7/5

Pros

  • ASIC law
  • Demo Trading Platform
  • Segregated Accounts
  • Generous Leverage 1:500

Cons

  • Information Not Readily Available
  • Spreads is Only a Little High
  • No assets
  • No Reviews Trustpilot

USGFX is an ASIC regulated Forex brokerage (Australian Securities & Investments Commission) that provides customers a complete array of financial tools containing 60 monies, indices and commodities. With leverage as large as 1:500 and also a minimum deposit of only $100, this Forex brokerage contrasts with industry standards vis-vis security and protection, and trustworthy trade executions. It utilises MetaTrader 4 – the world’s top software platform for trading Forex. Total compatibility with both Android, iOS and background apparatus is ensured.
USGFX provides Forex traders using a range of resources for example FX TV, 100,000 demo trading accounts, marketplace analysis & news, webinars, conferences, and also an energetic site. Multiple account options are found, and also UK Forex customers may enjoy a range of financial tools including commodities, indices, currencies and FX, and CFDs. The Business ‘s liquidity suppliers comprise Citi, BNP Paribas, Credit Suisse, FX Spot Stream, JP Morgan, UBS, Bank of America Merrill Lynch and many others. Forex customers can stay abreast of the most recent improvements on societal networking stations Facebook, Twitter, LinkedIn.

General

USGFX is an ASIC regulated Forex brokerage (Australian Securities & Investments Commission) that provides customers a complete array of financial tools containing 60 monies, indices and commodities. With leverage as large as 1:500 and also a minimum deposit of only $100, this Forex brokerage contrasts with industry standards vis-vis security and protection, and trustworthy trade executions. It utilises MetaTrader 4 – the world’s top software platform for trading Forex. Total compatibility with both Android, iOS and background apparatus is ensured.

USGFX provides Forex traders using a range of resources for example FX TV, 100,000 demo trading accounts, marketplace information and analysis, webinars, conferences, and also an active site. Multiple account options is found, and also UK Forex customers may enjoy a range of financial tools including commodities, indices, currencies and FX, and CFDs. The Business ‘s liquidity suppliers comprise Citi, BNP Paribas, Credit Suisse, FX Spot Stream, JP Morgan, UBS, Bank of America Merrill Lynch and many others. Forex customers can stay abreast of the most recent improvements on societal networking stations Facebook, Twitter, LinkedIn.

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Overview/ desktop

USGFX invests heavily in establishing client relationships. This Forex provider espouses the tenets of admiration, confidence, and transparency. As a top Forex brokerage, this Sydney-based brokerage is governed by 2 Australian governments – AFSL (Australian Financial Services License) using License #302792 and ASIC (Australian Securities and Investments Commission). The business includes a Shanghai office with assumptions in Hong Kong. The servers is found at Hong Kong and New York to make sure clients enjoy rapid executions of trades in constantly.

Account Types

Various account types is found such as a Mini Account, Standard Account, VIP Account, and also a Pro-ECN Account.

Mini accounts features comprise: $100 minimum deposit free of max balance. Spreads include 2.8 pips using a minimum lot size of 0.01 and leverage just as large as 1:500. The normal size is 100,000.

Standard account features consist of: $10,000 minimum deposit free of max balance and spreads as little as 2.2 pips. The minimum size is 0.01, also leverage extends as large as 1:500. The normal size will be 100,000 and also this is excellent for user accounts, joint accounts and company balances.

VIP account features include: a minimum deposit of $50,000 without the highest balance and spreads as little as 1.3 pips. The minimum size will be 0.01, leverage climbs to 1:500, and also the normal size is 100,000. Much like the Standard Account, individual, combined and business accounts are also available.

Pro–ECN account features include: a minimum deposit of $50,000 without the highest balance and spreads just as much as 1.5. The minimum size will be 0.01 and leverage will be bound by 1:100. The normal lot size will be 100,000 and user accounts, joint account and business accounts are also available for this option.

The requirement for each account type is recorded at USGFX, and also on average consist of evidence of home address, and a government ID or passport.

Trading Platform/ applications

Various trading programs is purchased, for example MetaTrader 4 along with MetaTrader 5. MT4 has become the most recognized and admired Forex trading platform. Customers obtain to relish feature-rich resources with this fully-customized platform, together with 1-click implementation, charting, charts, trend analysis, and EAs. This trading platform is provided at no cost and may be downloaded directly from USGFX. It’s designed for Windows operating systems and Mac systems.

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MetaTrader 5 is now your upgrade of MetaTrader 4. It gives additional functionality and features and functions as a highly effective platform for Forex traders. Among the others, MT5 delivers an integral multi-functional FX trading platform and also an integral MetaTrader marketplace that includes technical signals and trading robots. Other characteristics include web trading from many browsers and devices, virtual hosting, backup trading, and expert aid round the clock. The improved accuracy, productivity and algorithmic trading works with the platform make it well suited for FX traders.

The cellular MT4 and MT5, WebTrader along with MT4 multi-terminal platforms function to boost the total trading experience for both customers. The programs are available from the Google Play Store, and also even the App Store

Deposit options

USGFX deposit options comprise over twelve financing procedures. For the large part, residue are available immediately, aside from bank cards and bank cables. Deposit options include Visa, MasterCard, American Express, Bank Wire Transfer, WebMoney, OKPay, Perfect Money, Skrill, Neteller, Thailand Online Banking, Malaysia Online Banking, Indonesia Online Banking, Vietnam Online Banking, along with MoneyNet Int. No cash deposits are accepted, neither are retailers ‘ checks or money orders. All deposits are verified, and USGFX subscribes to international laws regarding money laundering.

Markets

USGFX is fully authorized by the Australian Financial Services to offer a wide range of financial instruments and products to clients. These include Forex contracts, and derivatives trading (CFDs). 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.

Forex pairs – GBP/USD, USD/JPY, EUR/USD, USD/CHF, EUR/GBP, CAD/JPY, AUD/JPY, GBP/CHF, EUR/AUD, CHF/JPY, AUD/USD, GBP/JPY, EUR/CHF and others.

Indices – S&P 500, NASDAQ 100, France 40, UK 100, Japan 225, Hang Seng Index, AUS200, Ibex 35, Dow 30

Commodities – Brent crude oil, WTI crude oil

Bitcoin – BTC/USD

Metals Contracts – gold and silver

Bonuses

Bonuses and promotions available at USGFX are indicated under the special promotions tab. They include several time-sensitive promos which is found here. One such promotional offer is the 50% deposit bonus which is available over the before all else 60 days from the date of your deposit. There is a friend referral program that rewards traders with up to $200 when the referred friend deposits $999.

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Customer Support

Clients can contact customer support through multiple channels, including the live chat function. Support is available in multiple languages including Turkish, Farsi, Korean, Vietnamese, Portuguese, Spanish, Italian, German, French, Russian, Hindi, and English. Forex traders will find plenty of information available through the contact us tab. The head office in Australia has a telephone contact number of 1-300-822-355. The international telephone number is 61-2-9251-1395. The fax number is 61-2-6147-7151. For email support, clients can send their questions/queries/requests to the following address: [emailprotected]. Customer service representatives are standing by to deal with your queries in a professional and timely manner.

Safety

Safety is at the forefront of all trading activity at USGFX. This Forex brokerage is licensed by the Australian Securities & Investments Commission (ASIC) and it also maintains client funds in segregated accounts. This guards against insolvency or bankruptcy of the company. Additionally, no negative balances are allowed.

Ease of Use

For the most part, USGFX is relatively easy to use. MetaTrader 4 and MetaTrader 5 have been customized to fit this brokerage’s needs. However, we had to contact customer support to find a full listing of the financial instruments available at this broker. This is not readily available on site under any tab or category. The financial instruments are listed in the education center under metals contract details, Forex contract details, and CFD contract details.

Final Thoughts

USGFX is an intuitive Forex trading platform with a wide range of currency pairs. The spreads aren’t as little as other important brokerages, but heaps of pairs are all readily available. It’s simple to obtain right up and running, and client service is highly responsive and beneficial.

Internet Site:
www.usgfx.com
Telephone:
61-2-9251-1395
Legislation:
ASIC (Australia)
Pairs provided:
GBP/USD, USD/JPY, EUR/USD, USD/CHF, EUR/GBP, CAD/JPY, AUD/JPY, GBP/CHF, EUR/AUD, CHF/JPY, AUD/USD, GBP/JPY, EUR/CHF
Minimum Deposit:
$100
Spreads From:
1.3 PIPs
Max Leverage:
500:1
Markets:
Currencies, commodities, indices, cryptocurrency