USGFX Review – Online Platforms, Commission, Leverage, Account Types, Features & moreLast Updated Date: Apr 24, 2022
Find out all details about the USGFX here.
Forex trading has been very famous and handy, given that many traders these days prefer to trade in multiple countries. Forex can also be termed as foreign exchange or FX trading.
It comes into use when a trader needs to convert one currency into another.
Although it’s one of the most actively traded markets, there are very few brokers who provide a safe and reliant service in this domain.
About USGFX & Accepted Countries
|Founder / CEO||Shay Zakheim|
As it’s known that not many ventures or brokerage houses provide assured and hassle-free services on forex.
Nevertheless, USGFX happens to be one of those brokerage houses which undertake several clients under their safe and transparent set of services.
The company is based in Australia and provides services on Forex and CFD trading.
USGFX is not just preferred by clients in Australia but also in various other parts of the world.
The company has its offices in Shanghai, with its satellite offices being in Hong Kong.
Not just that, USGFX believes that a trading experience is best served only when it has a blend of technology.
The company takes into use optical fiber connections to their servers which are located in two locations – London and New York.
Hence, USGFX provides its client a seamless interbank connection with phenomenal speed.
Thus, a company that is this well-equipped and takes pride in its very way of operating indeed happens to be a number one client favorite and leading venture when the topic of forex trading comes to discussion.
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USGFX Trading Platforms
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||English|
USGFX being located in Australia and having connections in the leading cities like New York and London, the company knows its way around.
This trading giant uses mainly three platforms to carry out the business – MT4, MT5, and Web Trader.
All three platforms are very smooth with everything they do. The streamlined idea about both MT4 and MT5 is however the same.
Both the platforms are used worldwide for forex trading; the MT5 happens to have an upper hand compared toMT4, thanks to its extra features.
While it also cannot be denied that MetaTrader5 is more powerful and lends much enhanced social and copy trading features.
USGFX Mobile App
The very reason why clients prefer the USGFX-way while trading is the company provides them an edge while trading.
The benefits while trading with USGFX are too many to count but we can start it by addressing their mobile app, inbuilt with MT4 and MT5 platforms.
With the USGFX app, you can very well trade whenever you wish with the company’s strongest optical fiber connections supporting you.
The USGFX app comes for both iOS and Android devices with a choice of choosing either the MetaTrade4 or 5, with whoever the client finds himself to be more compatible.
Here is how the USGFX app can be taken into use with a platform of your choice –
For iOS users
- To start your way with the MetaTrader 4, you need to visit the apple store and download the MT4 app and select the USG UK server which best supports your MT4 app.
- For clients wishing to use MetaTrader5, they need to download the MT5 app and select the USG server within the MT5 app.
For android users
- Customers can proceed to download the MT4 app from Google Play and select the USG UK server for using the MT4 app.
- For using the MT5 platform, clients need to download the MT5 app from the Google play store and choose the server – USG server.
Check out Mobile Apps of more Forex Brokers
USGFX Commission or Brokerage or Fees
|Commission on trades||No|
There are various pros to ponder on when starting your journey with USGFX.
The ASIC law, segregated accounts, and the Demo trading platforms are few in the count.
However, when we speak of the company’s commission and brokerage, the company is very strict on the terms which they proposed and wishes to follow them with no exceptions whatsoever.
The USGFX Spreads start at 1.3 pips and USGFX’s mini accounts start at 2.8 pips on EUR/USD.
Clients can also choose to be a part of the pro ECN account and the VIP account, where the spreads start at 1.5pips and 1.3 pips.
The company does not entertain or engage in any hidden fees.
Deposit fees are nowhere in the feature, but clients may have to experience some withdrawal fees.
However, the commission scenario can be very well understood by the company’s customer care services.
Other broker fees may include the currency conversion charges, which are common in every broker house.
USGFX Exposure or Leverage
Leverage is referred to as the facility where you can get a larger exposure at the market in which you are trading, than the amount which you deposited for the trade.
USGFX is indeed very generous with its leverage numbers.
The company’s leverage is around 1:500 with a minimum deposit of around $100.
With Pro-ECN accounts, the clients can get as much leverage as 1:100.
Payment Methods provided by USGFX
|Deposit||Credit Card, Neteller, Skrill, Wire Transfer|
|Withdraw||Credit Card, Neteller, Skrill, Wire Transfer|
USGFX provides a lot of payment options, as their clients are from every corner of the world the company makes sure to provide various platforms to ease out the procedure for everyone.
However, USGFX does not accept any cash deposit or retailer’s check.
The company strictly functions on these methods of payment – Visa, MasterCard, American Express, Bank Wire Transfer, Web Money, OKPay, Perfect Money, Skrill, Neteller, Thailand Online Banking, Malaysia Online Banking, Indonesia Online Banking, Vietnam Online Banking, along with MoneyNet Int.
The company also strictly verifies every deposit and follows strict international laws regarding money laundering.
Find out Payment Methods provided by other Forex Brokers
Investment in Asset Classes or Markets by USGFX
|Total Tradable Assets||56|
|Number Of Currency Pairs||40|
|Number Of Cryptocurrencies||0|
|Number Of Stocks||0|
|Number Of Indices||10|
|Number Of Commodities||N/A|
|Number Of Futures||N/A|
|Number Of Options||N/A|
|Number Of Bonds||N/A|
|Number Of ETFs||N/A|
As USGFX is based in the Australian market, the company has full authorization from Australian financial services to offer financial instruments to clients.
The company is fully authorized to offer services that revolve around – forex contracts, derivative trading.
Various financial instruments also include gold and silver CFDs.
However, the entire charisma of being a customer at USGFX doesn’t end here. The company has various flexible forex pairs that are – 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.
Asset class count will be incomplete if we do not include cryptocurrencies along with commodities that undertake Brent crude oil trades,
USGFX Virtual Trading or Demo Account
The demo account feature has recently started gaining more and more appreciation, as it allows a trader to experiment with various broker houses to find if it is what they are looking for or not.
However, due to the complications assigned with the virtual trading account or say demo account a very few houses offer that.
USGFX happens to be a few of those selective few brokers who prove the luxury to their clients to experience the company’s services on a demo account basis.
The demo account is also very helpful for traders who are new to trading as it enhances their trading experience and also provides plenty of resources to train on.
USGFX has blended a perfect market environment kind of virtual experience for young traders with a 100% risk-free environment to not just learn forex better but also to gain some real-time experience.
USGFX Offers or Deals
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||Yes|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||No|
|Trading Bonuses & Rewards||No|
The star offer which is presented at USGFX is their demo account options.
The account comes with a 100 percent risk-free environment, designed to provide the client a real-life simulated market.
However, even in the demo account, customers are required to make some minimum deposits to get started.
The other offers that can be talked about are the company’s 50% promotional deposit bonus, which is available over 2 months from the date of the client’s deposit.
USGFX Regulation or Licensing
Today USGFX is known as the most sought-after broker with connections in the leading cities of the world.
However, all of these years of operations and numerous trading at USGFX haven’t changed one thing, which also remained the core principle of the company.
That is safety and fulfillment of regulation with every trade that happens at USGFX.
The forex brokerage here is licensed by the Australian Securities and investments which also provides the luxury to keep segregated accounts for clients.
Hence, USGFX comes with a full package of security and safety.
Find out Regulations & Licensing of more Forex Brokers
|Easy Markets||Fusion Markets||Go Markets||IronFX|
|FP Markets||FXPro||IG Group||Libertex|
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
Today trading takes place in a vast marketplace which counts up to 30 plus countries.
Thus, a marketplace that vastly covers and trades in every asset of value possible.
To make trading lucrative and less mind-numbing the company provides a list of features to their clients.
Providing freedom to forex trade in over 15 plus forex pairs, 60 tradable instruments, and 10 plus commodities.
Various features which USGFX lends are their relatively easy-to-use platforms, which are now embedded in mobile phones and the all-new meta5, customized to fit the trader’s needs.
USGFX Account Types
|Account Type||Retail Account||Professional Account|
|Spread||1.3 pips||0.8 pips|
|Leverage||2;1 and 30;1||400;1|
USGFX understands that not every trader fits in the same account type, thus the company created a range of accounts to assist individuals to choose what best fit is for them.
The variety of accounts at USGFX starts with a mini account, standard account, and the VIP account which provides more leverage; however, the deposit is also bigger than other accounts here, and also a PRO-ECN account.
The mini account can be proven to be a set-go for young traders, as the deposit amount that is required for a mini account is just $100.
A standard account comes with a more mature deposit rate, that being $10,000.
While the VIP is the sought-after account that USGFX proposes, it is also quite helpful for more active traders.
The VIP account comes with a deposit of $50,000 and spreads as small as 1.3 pips.
USGFX Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||ECN, STP|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
USGFX – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||Yes|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
The company introduces to the array of choices in order to attain a trade of their choice. USGFX provides various instruments to trade with.
Over 40 plus currencies, with good exposure towards crypto and CFD, are gold, silver, oil, and 10 others in the count.
The company is also rich in trading platforms and gives a trader the luxury to trade in the platform he is more familiar with.
USGFX Cons or Drawbacks
Every company indeed has its various plus and minus. What every client looks for is more plus and comparatively less minus.
However, when we talk about the same situation consisting of USGFX, we wish to present our readers with unbiased data to form an opinion of their own.
The company has various positive points such as – no deposit fee charged, various trading platforms offered such as Meta4 and Meta5, thanks to ASIC for segregated client accounts, good customer support, and various technical advancements providing traders an extra edge over other players.
Drawbacks as follows – withdrawal fee is charged, a high minimum deposit is required, and there is no stock or soft commodities to offer.
USGFX Trading Hours
At USGFX the trading hours are no longer a problem for you.
The company provides their trading platforms MT4 and MT5 for free and both of them at a fully functional rate.
The company supports its traders 24 hours a day and 5 days a week.
USGFX Customer Care or Contact Details
|Support During Weekends||No|
|Live Chat Support||Yes|
|Customer Support Languages||English|
As the company has clients from various parts of the world, the customer care services are also provided in various languages, ranging from Turkish, Farsi, Hindi, and English to German and 20 plus.
The head office of the company is situated in Australia and the customer care can be either contacted through their- telephone contact number, international telephone number, fax or live chat.
The telephone contact number as follows – 1-300-822-355
International telephone number – 61-2-9251-195
Fax – 61-2-6147-7151
USGFX Safety & Security
The company is licensed by the ASIC who maintains the client’s funds in their respective isolated accounts; this provides security against the insolvency or the bankruptcy of the company.
Thus, in simple words, USGFX makes sure that their client funds are safe and secure, disregarding the company’s future state of business.
USGFX Rating & Reviews
Based on different users and their experiences below are the company rating and reviews:
|User Experience||8.8 / 10|
|Products & Services||8.8 / 10|
|Brokerage Charges & Fees||8.1 / 10|
|Research & Advisory||8.6 / 10|
|Trading Platforms||8.1 / 10|
|Overall Ratings||8.5/ 10|
|Total Client Reviews||148|
USGFX Forex Trading – Conclusion or Verdict
The company appears well enough for both mature as well as young traders, the company’s various flexible account types focus on the need for them both.
One more point which weighs on USGFX’s side is the segregated accounts that they provide for clients’ funds, thus ensuring maximum security.
The built-in trading platforms on the mobile phone are undoubtedly a big win.
Thus, USGFX undertakes almost every set of services ranging from demo accounts to fast interbank connectivity along with multiple offices over the world to ensure maximum assistance to their clients.
USGFX Review FAQs
Here is the list of FAQs related to the USGFX forex trader:
Is USGFX Safe for Trading?
Yes, USGFX is a highly safe broker house that works in various domains of trading and provides its services on forex as well.
The company is licensed by its very own Australian securities and investment commission.
What is the Commission for USGFX?
Clear information regarding the following can be gained only through the company’s customer support.
One can contact their multi-lingual support through the following platforms – The telephone contact number as follows – 1-300-822-355
International telephone number – 61-2-9251-195
Fax – 61-2-6147-7151
How to Open a Trading Account with USGFX?
You can open an account with USGFX in the following way-
Step 1 – visit the company website and click on the open account button.
Step 2- in this step, you need to choose your preferred account type, the leverage rate which works for you, and your most compatible meta trader version.
*Step 3- you need to provide your address details and occupations along with various personal information with some financial service information as well.
Step 4 – TRADE!
Can I invest in Cryptocurrency with USGFX?
Yes, you can! The company provides a range of markets to trade in and cryptocurrency is one of these markets. You can easily invest in bitcoin.
What leverage does USGFX provide?
The leverage which you are offered depends on the account which you chose in the beginning with USGFX. However, standard leverage is around 1:500.
Does USGFX have a trading app?
Yes! The company has a mobile app, providing traders the ease to trade for anywhere and anytime.
The app is inbuilt with trading platforms such as MeTa 4 and Meta 5, supported both in android and iOS.
How to contact USGFX customer care?
The company provides multilingual customer care services, the services can be reached through these platforms – telephone contact number as follows – 1-300-822-355
International telephone number – 61-2-9251-195
Fax – 61-2-6147-7151 as well as their chat support.
Is USGFX Regulated?
Yes, it is regulated by a much-selected organization, that is – the Australian Securities and investment commission.
Is USGFX good for Beginners?
The company is well formulated to accommodate both beginners as well as mature or active traders. Much to the delight of young traders, USGFX newly introduced a well-formulated real market environment-based demo account for beginners which are 100% risk-free.
Young traders can practice and train in this demo account with a variety of resources.
Who founded USGFX?
USGFX was founded in Australia in the year 2005, the company has satellite offices in Hong Kong and shanghai.
This broker house was founded by professionals who wanted to focus on building meaningful client relationships by providing a safe platform for beginners and mature traders to trade in.
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