USGFX Review

USGFX is an Australian FX/CFD Broker, which is apparently well-liked within the country. Offering “premium trading conditions”, the operator has picked up several industry awards during its run. Despite that though, user feedback from outside the country, regarding its services, is less than savory – to say the least.

Moreover, USGFX brand representatives have apparently tried to influence the online reputation score of their brokerage, by posting positive reviews of it at various portals.


The main complaints about USGFX concern delayed withdrawals, high withdrawal fees, spread manipulation and unresponsive support – in a word: the whole nine yards. Exactly how relevant this negative user feedback is, we cannot tell at this point, though you should definitely know about it if you are considering USGFX as your trading destination.

The corporate face of the brokerage is Union Standard International Group Pty. Ltd, which is a registered Australian company. Its ACN is 117 658 349.

Based in Sydney, Union Standard International Group is licensed and regulated by ASIC. The AFSL number of the operator is 302792. ASIC is known as one of the most exigent financial regulatory authorities, which upholds strict standards in regards to capital requirements and internal procedures used by the broker.

Client monies are held in segregated accounts per the requirements of the regulator, with the Commonwealth Bank of Australia.

Why would you want USGFX to become your number one trading destination though?

What real and potential advantages does it offer over  other brokers?

In addition to the above regulatory profile and the protections stemming from it, USGFX also offer one-click trading, slippage-free execution, negative balance protection, as well as very decent maximum leverage of 1:500.

Technical analysis is also offered through Trading Central, together with access to the world’s most popular trading platforms and dedicated account managers.

Account Types

While setting up an account with USGFX is said to be extremely simple and quick, there have been some user complaints in this regard as well. According to the USGFX site though, all traders have to do is to provide their details, to fund their accounts and to upload their IDs. After that, they’re ready to trade away. Four account types are supported: the Mini Account, the Standard Account, the VIP Account and the Pro ECN Account.

The Mini Account requires a deposit of only $100, so it is hands-down the most accessible option at the brokerage.

The spreads on this account start from 2.8 pips and the maximum available leverage is 1:500. The Mini Account can only be used as an individual account.

The Standard Account ups the stakes quite a bit in regards to the minimum required deposit. One has to pony up at least $10,000 to qualify for such an account. The spreads here start from 2.2 pips, and the maximum available leverage is 1:500 here too.

The VIP Account requires a minimum deposit of $50,000. For that money, those who fall into this account-category, get spreads starting from just 1.3 pips. Other than that though, the trading conditions are quite similar to the other two accounts detailed above.

The Pro-ECN Account offers superior execution and spreads starting from 1.5 pips. The minimum deposit requirement is $50,000 on this account too.

Trading Platform/Software

USGFX uses the MT4 platform as its go-to solution. MT4 is indeed the world’s most popular trading platform for a good reason: as far as charting and technical analysis goes, it is unparalleled. It also goes way above and beyond those basics though: it offers EAs and it lets traders code their own EAs that they can then use for auto-trading purposes.

MT5 – the evolutionary descendant of MT4 – is also available. MT5 brings improvements to MT4 on a number of fronts, most notably in the way it lets traders code their own technical indicators and EAs.

There is a MT4 multi-terminal available too, as well as a Web Trader. MT4 and MT5’s mobile versions cover the Android/iOS niche.

Deposit Options

The deposit options accepted by the broker cover a massive range of eWallets and other solutions.

Besides Bank Wire and credit cards, Skrill, Neteller, WebMoney, FasaPay and MoneyPolo are all accepted.


The brokerage covers the tradable assets one would expect from an operator of this scale: FX, stocks, commodities and indices.

Customer Support

The USGFX support can be contacted via live chat, toll-free phone (1300822 355) as well as email ([email protected]).


Due to the guarantees presented by ASIC regulation, USGFX has to be considered a safe brokerage (at least on a theoretical level).

Final Thoughts

In addition to all the above features, USGFX also offer social trading and a superb education section.


USGFX Overview
Regulation: ASIC