USGFX Review 2019 | Is USGFX a Scam or Legit Forex Broker?

Read our USGFX review to find out if USGFX is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.7/ 5

Rating breakdown

Protection & Regulations
60% Complete (danger)
3.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
# Broker's Features USGFX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review USGFX.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. USGFX offers Online Financial Trading and Investment Services Such as Forex, Metal, Indices, Bitcoin.

Tradable Products: USGFX offers clients the ability to trade on 62 asset classes across Forex, Metals, Energies and Indices. Currently, they do not offer any Stocks, soft Commodities or Cryptocurrencies.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. USGFX is Broker, ECN.

Features: USGFX offers clients a variety of trading features such as the ability to access social trading and free access to Trading Central and Featured Ideas services.

Executing Trades:

USGFX allows you to execute a minimum trade of 0.01. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. USGFX recommended minimum capital is $100.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. USGFX is regulated by ASIC, FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: USGFX is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence, with client funds held in segregated accounts with the Commonwealth Bank of Australia.

Account currencies: Next lets consider the Account currencies each broker offers. USGFX offers USD, AUD, EUR, GBP different account currencies for each account types.

Account Openning: USGFX offers 4 types of trading accounts called Mini Account, Standard Account, VIP Account and Pro-ECN Account. The broker also offers the use of a demo trading account.

USGFX offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages Available: Next lets have a look at each broker's different Language options. USGFX offers English, Chinese, Vietnamese, Indoneisan, Malay, A.

Payment methods: Next lets have a look at each broker's payment options. USGFX offers VISA, MasterCard, Bank Wire Transfer, Webmoney, Perfect different payment methods for each account types.

Deposit and withdrawal: USGFX offers a variety of deposit and withdrawal options through Bank Wire Transfer, Visa and MasterCard, WebMoney, Perfect Money, Fasa Pay and many more. However, users need to check the terms and conditions carefully regarding fees.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, USGFX makes MT4, MT5, WebTrader available to clients.

Web & Desktop Trading Platforms: USGFX offers traders the ability to trade on the globally-recognised MetaTrader 4 and MetaTrader 5 trading platform for Windows, Mac and Web.
Mobile Trading Platforms: USGFX offers traders the ability to use the MetaTrader 4 and MetaTrader 5 Mobile Trading app for Android and iOS operating systems.

Other

Trader Education
The USGFX TradersClub provides an impressive educational product with detailed trading courses followed up by 1-on-1 coaching and training by Rob Clayton. Webinars and seminars are also featured in the TradersClub.

Promotions
USGFX currently offers several different special promotions including a 50% Bonus Promotion, a $30 Welcome Bonus, Free Education for New Financial Year and more.

Support
USGFX offers 24 hours a day, 7 days a week customer support via Live Chat, Phone and Email in English and Chinese.

Recup
USGFX is an ASIC regulated broker offering to trade on 62 different tradable asset classes across Forex ECN and CFD trading on Indices and Commodities on the MetaTrader 4 and MetaTrader 5 trading platforms for PC, Mac, Web, iOS and Android operating systems.

Final Thoughts
USGFX provides a variety of research tools for traders including access to Trading Central and Featured Ideas services, as well as an Economic Calendar, FX Blog and Trading Alerts through the USGFX TradersClub Program.

Trading Experience
USGFX provides a simple yet feature-rich trading experience through the USGFX TradersClub, access to Trading Central and Featured Ideas services and personalised 1-on-1 coaching for VIP clients while allowing traders the ability to trade Forex ECN markets and CFDs on Indices and Commodities via the MetaTrader trading platform.

People Also Asked

Is USGFX regulated?
Yes, USGFX is regulated by top-tier regulators, ASIC, FCA inclusive.
Where is USGFX based?
USGFX is based in Sydney
How does USGFX make money?
USGFX charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in USGFX account?
With USGFX you can deposit money via the following means; Credit Card, Neteller, Skrill, Webmoney, Wire Transfer.
How do I withdrawal in USGFX account?
USGFX lets you request a withdrawal of funds from your account via the following means; Credit Card, Neteller, Skrill, Webmoney, Wire Tran.
What is the minimum deposit for USGFX?
USGFX has $100 minimum deposit.
What are the available account base currencies with USGFX?
USGFX trading accounts are offered in USD, AUD, EUR, GBP. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in USGFX?
USGFX has a maximum leverage is 1:500 for professional traders.
How do I open an account with USGFX?
Opening an account with USGFX is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does USGFX use MetaTrader?
USGFX platforms: Yes, USGFX use MetaTrader as well as the following platforms: MT4, MT5, WebTrader
What type of broker is USGFX?
USGFX appears to be a Broker, ECN broker which offers market access to a variety of traders.
Does USGFX accept US clients?
No
Does USGFX offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with USGFX: You can trade a wide variety of instruments with USGFX: Forex, Metal, Indices, Bitcoin

Are you Satisfied with what They Offer?