USGFX Review

MIN. DEPOSIT $100
Up to 500:1
Up to 50% BONUS
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USGFX
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Overview

  Company Information If you are looking for an Australian brokerage service with excellent Forex coverage, well, maybe it’s time to try USGFX. The company operates in Australia since 2006… more

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Details

BrokerUSGFX
Website URLhttps://www.usgfx.com/
Founded2005
HeadquartersSydney, Australia
Support Number+61 2 9251 1395
Support Emailservice@usgfx.com; support.au@usgfx.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Chinese, Vietnamese, Cantonese, Indonesian, Malay, Bengali, Russian, French, German, Italian, Spanish, Portuguese, Thai, Arabic, Cambodian
Minimum 1st Deposit$100
Minimum Trade Amount0.01 lots
Maximum Trade Amount1 lot
BonusUp to 50%
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationAustralian Securities and Investment Commission (ASIC)
Account TypesCent, Mini, Standard, VIP, PRO-ECN
Deposit MethodsBank Wire Transfer, Visa, MasterCard, OkPay, Skrill, Perfect Money, Neteller, FasaPay
Withdrawal MethodsBank Wire Transfer, Australia Bank Transfer, Visa, MasterCard, OkPay, Skrill, Perfect Money, Neteller, FasaPay
Types of AssetsForex, CFDs
Account CurrencyUSD, EUR, GBP, AUD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company Information

If you are looking for an Australian brokerage service with excellent Forex coverage, well, maybe it’s time to try USGFX. The company operates in Australia since 2006 and has its headquarters located in Sydney. The actual owner of the brand is a local company known as Union Standard International Group PTY Ltd. However, the website of the broker is operated by another firm based in the UK and named World Media Investment Ltd. As a trusted provider on the Australian financial market, USGFX is a fully regulated entity monitored by ASIC (Australian Securities and Investments Commission) with a license number of #302792 and FSPR in New Zealand. Apart from its vast audience in the local markets, the company has large international clients’ base and many partners in other countries. There are offices in Shanghai, Hong Kong, and Auckland. USGFX truly has a global reach as it also has close business relationships with various companies and retail clients in London. The online broker provides extensive education opportunities for new traders. There are also various events held on a regular basis, such as webinars and seminars. USGFX also do an excellent job at keeping their clients informed with the latest news and market trends. The company has a large research team that continually refines their data and tracks the best investing opportunities.

 

Trading Information

USGFX mainly offers Forex instruments and CFDs. Those products include the most popular currency pairs, indices, and commodities on the Australian market. The trading conditions provided by the online broker are relatively good. Spreads start from 2.8 pips on the usual account types and 1.3 pips for premium traders. The highest possible leverage can go up to 1:500 and the minimum lot size is set to 0.01 pips. As we’ve mentioned, all users can choose from various account types with better trading conditions as the minimum deposit grows. The choices are Cent, Mini, and Standard accounts from the lower tier, as well as VIP and Pro-ECN, account for traders eager to invest more. Clients should take note that every account type may have a different status, such as Individual, Joint or Corporate account.

 

Trading Platforms

When it comes to trading platforms, USGFX has much to offer. The online broker provides an excellent bucket of different trading software with a primary focus on MetaTrader 4. The leading platform is the preferred choice by many traders around the globe. It’s highly customizable, allows deep technical analysis and state-of-art automation of almost any trading activity. There are an enormous number of indicators, tools and EAs (Expert Advisors). MT4 is also adapted for mobile users on Android and iOS devices. Account managers can also take advantage of MT4 Multiterminal so that they can command more than one account at the same time. Those who prefer to trade right from their browser can easily access Webtrader. The web-based platform is quite intuitive and well-design to provide the excellent trading environment. At last but not least, clients can take advantage of the social trading opportunities presented by USGFX. They can choose from ZuluTrade or myFXbook as providers of the service.

 

Security and Customer Services

Like many other reputable online brokers, USGFX follows the best practices in the industry. Customers can have their peace of mind knowing that all funds are held in segregated trust accounts in the top Australian financial institution also known as Commonwealth Bank of Australia. The company financial operations are strictly monitored by the local regulators and authorities. The website of USGFX is also well-protected by powerful SSL encryption, issued and certified by a top security company GlobalSign.

 

The Australian online broker also has a responsive support that is ready to assist every client on numerous communication channels. There are toll-free and international phone number available 24/5, as well as fax, email address, and live chat. Customers are also free to get in touch with USGFX in their local Australian office at  G03, 135 Macquarie Street, Sydney, NSW 2000. The website of the company also supports more than 15 different languages, so international clients will be happy to browse it on their mother tongue.

 

Deposits and Withdraws

Money transactions can be processed through various options listed in the table. There are e-wallets, cards and bank transfers available. However, cash deposits are not allowed with USGFX. Hidden charges and extra fees are not applied by the broker, but clients should be aware that banks and other third parties may have different taxation policy. Almost all the payment methods are instant with one exception – bank transfers.

 

Withdrawals, on the other hand, can be processed through the same transaction options. However, almost all the methods apply a fee usually in the range of 1% – 2.5% or fixed amount. The processing time required is no more than 48 hours after a request is sent to the broker. The Australian online broker usually makes all the verifications and checks before the account opening, so clients will be happy to receive their money without extra delay.

 

Deposit Bonus and Loyalty Programs

USGFX offers a broad range of promotions for its new and existing customers. New customer can enjoy up to 10% Welcoming bonus on their first deposit. Deposits below $5000 receive 5% and those who invest more than $5000 will get 10%. Of course, there is another special promotion offered by USGFX from time to time. Initial deposits during the special event are rewarded 50% extra cash. The bonus money should be rolled over in 2 months period. However, ECN account owners and IB’s clients cannot participate in this promotions.
Apart from the various welcoming bonuses, the Australian online broker provides wonderful cash prizes for referring a friend. Customers who introduce their friends and have them actively trading with the USGFX can get up to $500. The bonus is calculated according to the friend’s initial deposit and traded lots.

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