60 Assets to trade from 3 markets, $100 minimum deposit, 1:500 maximum leverage and $0 deposit fees are some of the features of USGFX broker. All of these features are available in USGFX 4 accounts [Mini, Standard, VIP, Pro ECN].
USGFX Company Background and Regulatory Status
USGFX [United Strategic Group], founded by “Hien Min Soe” in 2006, is a CFD and forex broker available in 20+ languages.
The company’s headquarters are in Sydney and is regulated by two offshore regulators:
- Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA)
- Mwali International Services Authority (MISA)
Note: Offshore authorities like the SVGFSA may not provide the same level of protection as top-tier regulators such as the FCA or ASIC.
Table of Specifications
The table below provides a glance at what USGFX Broker brings to the table:
Broker | USGFX |
Account Types | Mini, Standard, VIP, Pro ECN |
Regulating Authorities | SVGFSA Saint Vincent & Grenadines and MISA Mwali |
Based Currencies | USD |
Minimum Deposit | $100 |
Deposit Methods | Bank Wire, VISA, MasterCard, Perfect Money, FasaPay, VoguePay, CoinPayments, GCPAY, AstroPay |
Withdrawal Methods | Bank Wire, VISA, MasterCard, Perfect Money, FasaPay, VoguePay, CoinPayments, GCPAY, AstroPay |
Minimum Order | 0.01 Lot |
Maximum Leverage | 1:500 |
Investment Options | Copy Trading, Social Trading |
Trading Platforms & Apps | MetaTrader 4, MetaTrader 5 |
Markets | Currencies, Indices, Commodities |
Spread | Starts From 1.3 |
Commission | N/A |
Orders Execution | ECN, Market |
Margin Call/Stop Out | N/A |
Trading Features | 1:500 Maximum Leverage, Personal Account Manager, Negative Balance Protection, $100 Minimum Deposit, 60 Tradable Assets |
Affiliate Program | Yes |
Bonus & Promotions | None |
Islamic Account | No |
Pamm Account | No |
Customer Support Ways | Email, Phone Call, Live Chat |
Customer Support Hours | 24/7 |
What are USGFX Account Types?
USGFX offers four distinct account types [Mini, Standard, VIP, Pro ECN] to cover all trading styles and experience levels.
USGFX Account Types Comparison:
Specifics | Mini | Standard | VIP | Pro ECN |
Minimum Deposit | $100 | $10000 | $50000 | $50000 |
Maximum Balance | None | None | None | None |
Spreads | Starts From 2.8 Pips | Starts From 2.2 Pips | Starts From 1.3 Pips | Starts From 1.5 Pips |
Minimum Lot Size | 0.01 | 0.01 | 0.01 | 0.01 |
Maximum Leverage | 1:500 | 1:500 | 1:500 | 1:100 |
Standard Lot Size | 100,000 | 100,000 | 100,000 | 100,000 |
Negative Balance Protection | Available | Available | Available | Available |
Hedging | Allowed | Allowed | Allowed | Allowed |
Scalping | Allowed | Allowed | Allowed | Allowed |
All account types offer access to over 60 currency pairs, indices, and commodities.
How to Register and Verify in USGFX? Complete Guide
To open an account in USGFX, follow these steps:
- Open USGFX website and click on “Open Account”
- Provide personal details such as name, nationality, country of residence, email and phone number
- Create a password and select your preferred account type
- Fill in additional personal information (ID number, residential address) to go through KYC process
- Provide financial details, including banking information
- After verification, fund you account and start trading
Advantages and Disadvantages
When considering USGFX as your broker, it's essential to weigh the advantages and disadvantages:
Pros | Cons |
Wide range of payment options for deposits and withdrawals | High spreads, especially on the Mini and Standard accounts |
Negative balance protection | Slow and difficult withdrawal process, with many customer complaints |
Personal account manager | Limited range of trading instruments [60] |
Comprehensive educational resources and market analysis | No PAMM or MAM account options for managed accounts |
High maximum leverage [1:500] | - |
Given the mixed reviews and reported difficulties with withdrawals, traders should approach USGFX with caution and thoroughly research their options before opening an account.
Trading Platforms
United Strategic Group provides access to MetaTrader 4 and MetaTrader 5 as industry-standard trading platforms.
MetaTrader 4 (MT4)
- Industry-leading platform
- Advanced charting tools
- Customizable indicators
- Expert Advisors (EAs) for automated trading
MetaTrader 5 (MT5)
- Next-generation platform
- Enhanced features compared to MT4
- Additional timeframes and analytical tools
- Integrated MetaTrader Market
Both platforms are available for desktop, web, and mobile devices, ensuring traders can access their accounts from anywhere at any time.
Fees, Spreads and Costs
Although no information is provided on USFGX commission rates across different accounts, their spreads are transparent; USGFX Broker Spreads:
Account | Mini | Standard | VIP | Pro ECN |
Spreads | Starts From 2.8 Pips | Starts From 2.2 Pips | Starts From 1.3 Pips | Starts From 1.5 Pips |
Note: Beside spreads, there are other fees including withdrawal/deposit fees and currency conversion fees.
What Payment Methods are Available?
USGFX offers a 9 payment options for deposits and withdrawals:
- Bank Wire Transfer
- Credit/Debit Cards: VISA, MasterCard
- E-Payment: Perfect Money, FasaPay, VoguePay, CoinPayments, GCPAY, AstroPay
The diverse range of payment methods provides flexibility for traders from different regions.
What Investment Plans are Available in USGFX?
USGFX does offer social trading options for its clients, specifically through the Myfxbook platform.
This feature allows traders, especially beginners, to copy the trades of verified professional forex traders.
Key Points of USGFX Forex Copy Trade and Social Trade:
- Clients can select and follow one or multiple signal providers
- The copy trading feature is highly customizable
- Traders can easily add or remove signal providers from their portfolio
Does USGFX Offer Any Bonuses?
Currently, USGFX does not offer any active bonus or promotions. However, in the past, they have provided bonuses that you can see below:
- Weekly bonuses
- Losable bonus offers
Support
USGFX provides 24/7 support through 3 customer support channels:
- Email: clientsupport@usgfx.global
- Phone: +61291890223
- Live Chat: Accessible throughout their website for quick queries
Geo-Restrictions; What Countries are Banned to Use USGFX?
Like other Forex brokers, USGFX is unable to provide its services in some countries:
- USA
- Japan
- UK
- Singapore
- Belgium
- Canada
Following regulatory laws in some countries, including the United States, these restrictions have occurred.
Trust Score
USGFX's trust scores from popular review platforms such as Trustpilot are alarmingly low:
- Trustpilot: 1.7/5 from over 45 reviews
- ForexPeaceArmy: 1/5 from 6 reviews
These poor ratings stem from numerous customer complaints, including:
- Difficulties withdrawing funds
- Poor customer service
Conclusion and Final Words
USGFX offers advantages such as Negative Balance Protection, scalping, news trading, and a personal account manager, along with features such as nine payment methods.
However, spreads at this broker start from 1.3 pips, and only 60 assets are available to trade.
