USGFX Forex Broker Overview

USGFX Forex Broker Overview

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If you happen to have visited the official site of the Australian Union Standard Group (AUSG), it is likely that you have already seen its banner bearing the phrase “Win with us.” This remains to be USGFX’s mission as it continues to provide wider margins of profitability for traders. Together with its unwavering service for its clients, one can also tell that it is a legitimate company by looking at its award-laden background. 

Traders’ growth and prosperity became USGFX’s core objective. And to stay true to its goal, it provides a complete and advanced suite of trader support solutions including individual training, comprehensive market analysis, optimum trading instruments, and helpful educational materials. 

The company also promises to create a lasting relationship with its users centered in trust and transparency. Above this, it prioritizes clients by providing premium trading conditions. All these have made USGFX the preferred platform out of all the hundred options out in the market. 

It is true that USGFX is a popular broker, no question about that. However, online feedbacks are not always positive. The internet is also filled with negative reviews and to clear it up, a thorough review is needed. This review will be carrying out an assessment about the overall functionality of the brokerage firm. It will be delving deeper into its services and legitimacy. 

To know more about USGFX, make sure to read the whole article.

Background 

The Australian Union Standard Group Forex Broker (AUSGFX) was established back in 2006 with its main office located at GO3, 135 Macquarie Street, Sydney NSW Australia. Though it has only one headquarter, it managed to expand its scope of service by catering its services to global clients. It allows anyone across the world to avail its services, ensuring that subscribers get the best trading deals for currency pairs, cryptocurrency, shares, and commodities. . 

Reviewing its legitimacy as a broker, one can conclude that it is a safe and secured financial firm. It has filed its name under the Australian Securities and Investments Commission (ASIC) and Financial Conduct Authority (FCA). This means that the company legally operates according to the set standards of the aforementioned authorities. More so, it acquired its licenses and authorization to operate by undergoing intensive inspections.

USGFX Account Types 

When it comes to account types, traders are given four options. All four types vary according to traders’ preference and financial capability. This came to be one of its interesting features since traders can pick his or her preferred trading setup from a wide selection of accounts. 

  • MINI ACCOUNT- Clients can avail the starter account for a minimum deposit of $100 USD. This individual account grants users an unrestricted balance with spreads starting from 2.8 pips and a lot size of 0.01. The leverage ranges from 1:100 to 1:500 depending on the conditions. 
  • STANDARD ACCOUNT- For a minimum deposit of $10,000 USD, clients are entitled to an unrestricted balance with spreads starting from 2.2 pips. Leverage ratio starts at 1:100 to a maximum level of 1:500 and this account may be used as a joint or corporate account.
  • VIP ACCOUNT-Clients are required a total of $50,000 USD to avail a spread starting from 1.3 pips. Aside from lower spreads, there’s nothing catchy about this type of account since it has the same features that the mini and standard accounts offer. 
  • PRO-ECN ACCOUNT-Clients can avail this type of account for $50,000 USD. Apart from this, the company also offers 1.5 pips.
USGFX Forex Broker Overview

Other Offers 

USGFX secures the overall trading experience of its clients by providing MetaTrader4 and WebTrader as its platforms. These two are known to facilitate comprehensive and efficient trading with little margin of error. As this is the case, clients will have no trouble learning the ins and outs of these systems as these two are the most advantageous systems out in the market.

Compatibility does not appear as an issue since USGFX’s platforms are supported on different operating systems. Its mobile version can be downloaded on either iOS or Android operating systems. More so, it managed to be as comprehensive as possible as it is available in different languages such as: 

  • English
  • Chinese
  • Vietnamese
  • Indonesian
  • Italian
  • French
  • Portuguese
  • Cambodian 

Clients don’t have to worry about payment transactions since USGFX has wide deposit and withdrawal methods. Transactions can be executed through Visa, MasterCard, WireTransfer, WebMoney, Skrill, Neteller, UnionPay, Poli, and VoguePay. To mention, it also provides direct banking with Indonesia, Vietnam, and China. 

 Conclusion

Aside from the minimal difference that account types offer, all features are intact.  It is safe to say that this brokerage firm is decent and legal. Its services are all considerate and favorable. More so, it renders wide options to provide a more conducive trading experience, making it one of the leading providers of CFD solutions.