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Do you want to know which is the better broker between Tradeview and USGFX ?
In the table below, you can compare the features of Tradeview , USGFX side by side to determine the best fit for your needs.
Long: -7.52
Short: 0.8
Long: -38.91
Short: 20.5
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of tradeview, usgfx lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Feature | Detail |
Registered Country/Region | Cayman Islands |
Found | 2004 |
Regulation | LFSA |
Market Instrument | Forex, Indices CFDs, Commodities, and Cryptocurrencies |
Account Type | X leverage account and Innovative Liquidity Connector account |
Demo Account | yes |
Maximum Leverage | 1:400 |
Spread (EUR/USD) | Floating around 0.3 pips |
Commission | X Leverage account: no; Innovative Liquidity Connector account: $5 per lot |
Trading Platform | MT4, MT5, cTrader and Currenex |
Minimum Deposit | $100 |
Deposit & Withdrawal Method | bank wire transfers, credit cards, Skrill, Neteller, STICPAY, Fasapay, etc. |
Tradeview is an online ECN broker based in the Cayman Islands, founded in 2004. Tradeview is a regulated brokerage firm operating in the Cayman Islands and regulated in Malaysia.The company offers Straight Through Processing (STP) and holds a full license for MT4/5, providing traders with access to various financial markets. Tradeview allows trading in cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and XRP, as well as major stock market indices and commodities like gold, silver, and crude oil. The brokerage offers two trading account options: the X leverage account and the Innovative Liquidity Connector account, catering to different types of traders.
Tradeview supports multiple trading platforms, including Metatrader 4, Metatrader 5, cTrader, and Currenex. These platforms offer advanced features, charting capabilities, and a wide range of technical indicators. The company also provides a comprehensive trading platform, an economic calendar, and educational resources such as a glossary and financial blogs.
Tradeview offers various payment methods, including bank wire transfers, credit cards, and alternative options. However, there have been concerns raised by customers, including difficulties with fund withdrawals, server errors, suspicious trading practices, and lackluster customer support. Some users have also reported discrepancies in payment methods and fees.
Here is the home page of this brokers official site:
Tradeview, a regulated brokerage based in the Cayman Islands, offers a diverse range of market instruments, including cryptocurrencies, stock market indices, commodities, and currency pairs. However, there are some drawbacks to consider. The spread values for trading are not provided in the available information, and there is a lack of detailed information on leverage, margin requirements, trading hours, and specific contract specifications. Additionally, there is limited information on trading fees, commissions, and the features and advantages of certain account types and trading platforms. There have been concerns raised by customers regarding difficulties in withdrawing funds, server errors, abnormal trading practices, and poor customer support. These factors indicate a need for further research and caution before engaging with Tradeview as a trading platform.
Pros | Cons |
Diverse range of market instruments | Spread values not provided in the table |
Access to multiple trading platforms | Lack of detailed information on the Innovative Liquidity Connector account |
Demo account available for practice trading | Limited information on account features |
Opportunity for traders with limited funds | Limited information on the specific features and capabilities of the trading platforms |
Wide range of deposit options | Bank wire withdrawal fee |
No fees for most withdrawal methods | Fees for Skrill and Neteller |
Reviews highlighting concerns related to withdrawal issues, |
Based on the information provided, Tradeview Ltd is regulated by the Cayman Islands Monetary Authority (CIMA) with license number 585163. However, the provided information indicates that Tradeview Ltd has exceeded its business scope regulated by CIMA and has received a risk alert from WikiFX. The alert suggests that Tradeview Ltd is operating with a license that does not cover its current business activities.
Tradeview currently offers investors trading in Forex, Indices CFDs, Commodities, and Cryptocurrencies like Litecoin, Bitcoin, Ethereum, Ripple and more.
Cryptos:
Tradeview offers several cryptocurrencies for trading, including BTCUSD (Bitcoin to US Dollar), BTCJPY (Bitcoin to Japanese Yen), ETHUSD (Ethereum to US Dollar), LTCUSD (Litecoin to US Dollar), and XBNUSD (XRP to US Dollar). These instruments allow traders to speculate on the price movements of various cryptocurrencies.
Indices:
Tradeview provides trading opportunities in different indices such as GDAXI (German DAX 30), NDX (NASDAQ 100), AUS200 (Australian 200), FCHI (French CAC 40), SPXm (S&P 500 mini), and WS30 (Dow Jones Industrial Average). Traders can take positions based on the performance of these stock market indices.
Commodities:
The commodities available for trading on Tradeview include GOLD (Gold), SILVER (Silver), CRUDE (Crude Oil), NGAS (Natural Gas), GOLDEUR (Gold to Euro), and UKOIL (UK Brent Crude Oil). Traders can speculate on the price fluctuations of these commodities
Pros and Cons
Pros | Cons |
Diverse range of market instruments | Spread values not provided in the table |
Opportunity to trade popular cryptocurrencies | Lack of information on leverage, margin requirements, and trading hours |
Access to major stock market indices | Limited information on specific commodity contracts |
Ability to trade in commodities | Limited information on cryptocurrency trading pairs |
Wide selection of currency pairs | No information on trading fees or commissions |
There are two trading account options available at Tradeview: the X leverage account and the Innovative Liquidity Connector account. The minimum deposit to open an X leverage account is $100, which sounds quite reasonable for most regular traders to have a try.
Tradeview also offers a free live demo account where users can trade across MT4, MT5, cTrader and CurreneX platforms. Users can learn to trade in real-time, and practice trading strategies with technical indicators while avoiding money risks.
To open an account with Tradeview, follow these steps:
Go to the Tradeview website.
Look for the “Open Account” button on the homepage and click on it.
3. On the account types page, you will see different options. To start with a demo account, click on the “Demo Account” option. If you want to open a live trading account, proceed to the next step.
4. Select the type of account you want to open. Tradeview offers three options: “Individual Application,” “Joint Account Application,” and “Corporate Account Application.” Choose the one that suits your needs and click on it.
5. Fill out the basic information form. Provide accurate details such as your name, email address, phone number, country of residence, and desired account currency.
6. Next, you need to choose a trading platform. Tradeview offers several platforms, such as MT4, MT5, cTrader, and Currenex. Select the platform you prefer for trading.
7. Select the currency type for your account. You can choose between USD (United States Dollar) and EUR (Euro).
8. Proceed to fill in the primary account holder information. This includes personal details like your full name, date of birth, residential address, and occupation.
9. Read and review the Individual Agreement carefully. This document outlines the terms and conditions for opening and using an individual trading account with Tradeview. Make sure you understand and agree to the terms before proceeding.
10. Once you have completed all the required information, click on the “Submit” or “Open Account” button to submit your application.
After submitting your application, Tradeview may require additional documentation to verify your identity and address. This typically includes providing a copy of your identification documents (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement). Make sure to follow any instructions provided by Tradeview to complete the verification process.
Leverage differs for each account. For ILC (Innovative Liquidity Connector) accounts, the maximum trading leverage is 1:100 while on X Leverage accounts, it is up to 1:400. The minimum trade size is 0.1 lots on the ILC account and 0.01 lots on the X leverage account.
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
All spreads with Tradeview are a floating type and scaled with the asset class. For example, the EUR/USD spread is floating around 0.3 pips. There is no commission on the X Leverage account, while the Innovative Liquidity Connector account has to pay a commission of $5 per lot.
Traders are free to choose from four different trading platforms, Metatrader4, Metatrader5, cTrader, and Currenex, depending on their trading experience and trading needs.
Tradeview offers four trading platforms to choose from: Metatrader 4, Metatrader 5, cTrader, and Currenex. These platforms provide traders with advanced tools and features to enhance their forex trading experience.
Metatrader 4 (MT4) is a widely recognized platform in the forex industry. It offers a user-friendly interface, extensive charting capabilities, and a wide range of technical indicators. Traders can execute trades, set up automated trading strategies, and access a vast marketplace of third-party plugins and expert advisors.
Metatrader 5 (MT5) is the successor to MT4 and offers enhanced features and functionality. It provides an improved trading environment, additional order types, advanced analytical tools, and more options for customization. MT5 also allows traders to access various financial markets, including cryptocurrencies.
cTrader is a powerful and innovative trading platform known for its advanced order execution capabilities and comprehensive charting tools. It provides direct market access (DMA) and enables traders to execute trades quickly. cTrader also offers a range of features such as depth of market (DOM), detachable charts, and customizable layouts.
Currenex is a platform designed specifically for institutional and professional traders. It offers deep liquidity, fast order execution, and advanced trading tools. Currenex provides access to a wide range of currency pairs and allows for high-volume trading.
Pros | Cons |
User-friendly interface of MT4 and MT5 | Limited information on the specific features and capabilities of the platforms |
Extensive charting capabilities on MT4 and MT5 | No information on the features and advantages of cTrader and Currenex |
Access to a wide range of technical indicators on MT4 and MT5 | Lack of details on the execution speed and order types offered by each platform |
Availability of third-party plugins and expert advisors on MT4 | Limited information on the customization options and tools provided by each platform |
Direct market access and advanced order execution on cTrader | Insufficient information on the platform's compatibility with different devices and operating systems |
Currenex platform tailored for institutional and professional traders | No information on the pricing structure or fees associated with using the platforms |
Tradeview offers two trading tools that provide valuable features and functionality for traders. These tools are designed to assist traders in making informed decisions and executing their trading strategies.
Trading Platform: Tradeview provides a comprehensive trading platform that allows traders to access various financial markets and instruments. The platform offers a user-friendly interface with advanced charting capabilities, real-time market data, and a range of order types for executing trades. Traders can analyze price movements, monitor positions, and implement trading strategies directly from the platform. The trading platform is accessible on desktop computers, as well as mobile devices, enabling traders to stay connected to the markets at all times.
Economic Calendar: Tradeview offers an economic calendar, which is a vital tool for traders to stay updated on important economic events and their potential impact on the financial markets. The economic calendar provides a schedule of upcoming economic indicators, such as GDP releases, interest rate decisions, employment reports, and more. Traders can use this information to anticipate market movements, identify trading opportunities, and manage their risk accordingly. The economic calendar offered by Tradeview is comprehensive and provides relevant data for various regions and countries.
Pros and Cons
Pros | Cons |
Comprehensive trading platform | Limited information on contract specifications |
User-friendly interface | Lack of information on trading fees |
Advanced charting capabilities | Limited availability of trading tools and indicators |
Real-time market data | Limited customization options for the trading platform |
Tradeview opens on Sunday at 5 pm EST and closes on Friday at 4:55 EST. Each market is subject to specific trading hours. Forex, Indices and commodities markets are open 24/5 from Monday to Friday. Trading hours for each market can also be viewed on MT4 and MT5 platforms.
Tradeview supports bank wire transfers, credit cards, Skrill, Neteller, STICPAY, Fasapay, and many other deposit and withdrawal methods.
Note that losses can exceed the initial amount invested. Third-party payments will NOT be accepted. All deposits MUST be from the original account owner.
Withdrawals are only released via the same method in which the payment was originally submitted. Tradeview does not charge fees for withdrawals. However, a hefty $35 is charged with the bank wire option and a 1%-1.5% fee for Skrill and Neteller. To submit a request for withdrawals, users have to complete a form on the website with supporting documentation.
Tradeview offers some educational materials in the form of a glossary list. They also have a website called Surf Up!, which is dedicated to educating about the FX market. The website is updated with daily news and regular financial blogs.
Tradeview operates during specific trading hours, which are as follows: The trading week starts on Sunday at 5 pm EST and ends on Friday at 4:55 pm EST. The Forex, Indices, and commodities markets are open 24 hours a day, five days a week, from Monday to Friday. For more detailed trading hour information, users can refer to the MT4 and MT5 platforms provided by Tradeview.
Tradeview provides customer support services through various channels. Traders can reach out to their customer service desk 24/5 via instant web chat. Additionally, there is a 'contact us' form available for submitting inquiries, and the support team responds to these queries via email. For direct assistance, traders can contact Tradeview by telephone at the provided numbers. Tradeview is also active on popular social media platforms such as Facebook, Twitter, LinkedIn, and Instagram. Their physical address is located at 4th Floor Harbour Place, 103 South Church St, PO Box 1105.
The reviews on WikiFX about Tradeview suggest several concerns and issues raised by customers. One user reported difficulties in withdrawing funds, encountering server errors, and expressing suspicions about the legitimacy of the platform. Another user mentioned experiencing forced liquidation and losses due to abnormal quotations and insufficient margin. Additionally, a customer complained about the broker converting their EURO deposit to RUB without their knowledge and the lack of response from customer support. Another review accused Tradeview of charging BitPay fees but paying clients via Uphold, resulting in delayed transactions and potential losses. Finally, a customer claimed that Tradeview took several days to process their BTC transaction, charged BitPay fees despite using Uphold, and suggested the company intentionally delayed transactions when the Bitcoin price was rising. These reviews highlight concerns related to withdrawal issues, abnormal trading practices, poor customer support, and potential discrepancies in payment methods and fees.
In conclusion, Tradeview has both advantages and disadvantages to consider. On the positive side, Tradeview offers a diverse range of market instruments, including cryptocurrencies, stock market indices, and commodities, providing traders with various trading opportunities. They also offer multiple trading platforms, such as Metatrader 4, Metatrader 5, cTrader, and Currenex, each with its own set of features. Additionally, Tradeview provides educational resources to help users learn about the FX market. However, there are several concerns raised by customers, including difficulties with fund withdrawals, server errors, suspicions about the platform's legitimacy, forced liquidation, and potential discrepancies in payment methods and fees. It is important for potential traders to carefully evaluate these factors before deciding to engage with Tradeview.
Q 1: | Is Tradeview regulated? |
A 1: | Yes. It is regulated by LFSA. |
Q 2: | At Tradeview, are there any regional restrictions for traders? |
A 2: | Yes. The services and products offered by Tradeview are not being offered within the United States (US) and are not being offered to US Persons, as defined under US law. The information on this website is not directed to residents of any country where FX and/or CFD trading is restricted or prohibited by local laws or regulations. |
Q 3: | Does Tradeview offer demo accounts? |
A 3: | Yes. |
Q 4: | Does Tradeview offer the industry-standard MT4 & MT5? |
A 4: | Yes. Tradeview supports MT4, MT5, cTrader and Currenex. |
Q 5: | What is the minimum deposit for Tradeview? |
A 5: | The minimum initial deposit to open an account is $100. |
Q 6: | Is Tradeview a good broker for beginners? |
A 6: | Yes. Tradeview is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
USGFX | Basic Information |
Registered Countries/Region | Australia |
Founded in | 2005 |
Regulation | No Regulation (ASIC, FCA, VFSC, all revoked) |
Tradable Assets | Forex, CFDs, Indices, Commodities, Cryptocurrencies |
Trading Platforms | MT4, MT5, WebTrader, mobile app |
Minimum Deposit | $100 |
Maximum Leverage | 1:500 |
Spreads | From 1.4 pips |
Commissions | No commissions on most account types, but swap fees apply |
Inactivity Fee | $10 per month after 3 months of inactivity |
Educational Resources | Trading guides, video tutorials, webinars, eBooks, economic calendar, market news |
Customer Support | 24/5 support via phone, email, live chat, and social media; multiple language support |
Union Standard Group (USG) is an Australian investment firm that provides access to trade forex and CFDs under the brand name ‘USGFX’. The brand began operations in 2005 and is headquartered in Sydney, Australia with subsidiaries in London and Asia. This broker offers a wide range of financial instruments, including forex, indices, commodities, and cryptocurrencies, which can be traded on the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
USGFX prides itself on its commitment to customer service, with a 24/5 customer support team available to assist traders with their queries. The broker also offers educational resources such as webinars, ebooks, and video tutorials, as well as a free demo account for traders to practice their strategies. In addition, USGFX offers a range of account types to cater to the needs of different traders, including Standard, Pro, and VIP accounts.
USGFX has received mixed reviews and there have been reports of some traders experiencing issues with withdrawals and customer support. USGFX had their ASIC and FSC licenses suspended and VFSC license revoked in 2020 due to concerns over their compliance with regulatory requirements, particularly in regards to client money handling and risk management procedures. The Australian Securities and Investments Commission (ASIC) and the Financial Services Commission (FSC) of the British Virgin Islands suspended USGFX's licenses for six months, while the Vanuatu Financial Services Commission (VFSC) permanently revoked their licenses.
Regulated brokers are required to adhere to strict rules and regulations regarding client funds, transparency, and risk management. In the event of any dispute or issue, traders have recourse through the regulatory body. With an unregulated broker, there is no such protection, and traders may be at a higher risk of fraud or other unethical practices
Here let's take a closer look at the good and bad things about USGFX. On the plus side, they offer a wide range of financial instruments to trade, including Forex, commodities, and indices. Their trading platforms are also pretty user-friendly and easy to navigate. On the downside, their regulatory status is questionable, which could be a red flag for some traders. Plus, they don't accept clients from certain countries, so you'll want to make sure you're eligible before signing up.
Pros | Cons |
Wide range of trading instruments | Revoked licenses by ASIC, FSC, and VFSC |
Multiple account types with various trading conditions | Negative reviews from customers |
Various deposit and withdrawal methods | Limited educational and research materials |
24/5 customer support | |
Advanced trading platforms | |
Bonuses and promotions for clients |
USGFX offers a range of financial instruments for trading, including forex currency pairs, commodities, indices, and shares of popular companies. Some examples of the instruments offered by USGFX are:
Forex currency pairs such as EUR/USD, GBP/USD, USD/JPY, and AUD/USD
Precious metals like gold, silver, and platinum
Energy commodities such as crude oil and natural gas
Indices such as S&P 500, NASDAQ, FTSE 100, and Nikkei 225
Shares of popular companies like Apple, Amazon, Facebook, and Microsoft
USGFX offers four different types of trading accounts to cater to the needs of different traders:
MINI Account: This is the entry-level account with a minimum deposit requirement of $100. Traders with this account type can trade a wide range of instruments with low trading costs, access to educational resources, and 24/5 customer support. However, this account type comes with limited features, such as lower leverage and limited trading tools.
Standard Account: The standard account requires a minimum deposit of $10,000 and comes with additional features such as higher leverage, access to more trading tools, and a dedicated account manager. Traders with this account type can also enjoy free VPS hosting and regular market analysis.
VIP Account: This account type is designed for high-volume traders with a minimum deposit requirement of $50,000. In addition to the features of the standard account, VIP account holders can enjoy custom trading strategies, priority customer support, and exclusive market insights.
Pro-ECN Account: The Pro-ECN account is designed for experienced traders and institutions with a minimum deposit requirement of $50,000. This account type offers ECN trading with no dealing desk, ultra-low spreads, and high execution speeds. Traders with this account type can also access premium research tools and institutional-grade liquidity.
Opening an account with USGFX is pretty straightforward and you need to follow these steps:
First, you need to go to their website and click on the “Open Account” button.
Then, you'll need to fill in some personal details, like your name, email address, and phone number. After that, you'll need to choose the type of account you want to open and provide some additional information, like your date of birth and proof of identity.
Once you've completed the registration process, you'll be able to deposit funds into your account and start trading. Just keep in mind that depending on the type of account you've chosen, there may be different deposit and withdrawal requirements.
USGFX offers flexible leverage options ranging from 1:1 to 500:1, depending on the account type and instrument traded. It is important for traders to understand the risks involved with using high leverage and to use it judiciously. Additionally, some instruments may have lower leverage options due to market conditions or regulatory requirements. Traders should check with the broker regarding the available leverage options for specific instruments.
USGFX offers variable spreads, which means that the spread can widen or narrow depending on market conditions. The average spread for major currency pairs such as EUR/USD, USD/JPY, and GBP/USD is around 2-3 pips. Commissions are not charged for forex trading, but there are swap fees for holding positions overnight.
For trading other instruments like commodities, indices, and cryptocurrencies, USGFX charges a fixed spread. The size of the spread varies depending on the instrument traded. For example, the spread for gold is typically around $0.50 per ounce, while the spread for Bitcoin is around $60 per lot.
Broker | EUR/USD | Gold | BTC/USD |
USGFX | 1.6 pips | 30 cents | $60 |
IC Markets | 1.1 pips | 32 cents | $60 |
Pepperstone | 1.13 pips | 35 cents | $60 |
Apart from spreads and commissions, USGFX also charges several non-trading fees. These fees can add up and affect your overall trading experience, so it's important to be aware of them.
One such fee is the inactivity fee. This fee is charged to your account if you haven't made any trades or withdrawals for a specified period of time. The fee amount varies depending on the type of account you have and how long you've been inactive.
Another fee to be aware of is the withdrawal fee. While USGFX doesn't charge a deposit fee, they do charge a fee for each withdrawal you make from your account. This fee is a fixed amount and varies depending on the payment method you choose for your withdrawal.
USGFX also charges a swap fee, which is a fee charged for holding positions overnight. This fee can be a credit or debit depending on the direction of your position and the interest rates of the currencies you are trading.
Lastly, USGFX may charge a conversion fee if you deposit or withdraw funds in a currency that is different from the base currency of your trading account. The conversion fee is a percentage of the amount being converted and can add up if you frequently deposit or withdraw in different currencies.
USGFX offers its clients the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are highly popular among traders worldwide. These platforms are equipped with a range of trading tools, including charting tools, technical analysis indicators, and trading robots, making them suitable for traders of all levels.
MT4 is a well-established platform that has been around for over 15 years. It is known for its user-friendly interface, ease of use, and a wide range of trading tools. MT5, on the other hand, is the latest version of the platform, which was introduced in 2010. It offers several advanced features, such as more technical analysis tools, a multi-threaded strategy tester, and an economic calendar.
One of the significant advantages of MT4 and MT5 is that they are compatible with a range of devices, including desktop computers, laptops, smartphones, and tablets. This allows traders to access their accounts and trade from anywhere at any time.
Here's how USGFX's trading platform stacks up against other brokers' platforms:
Broker | Trading Platforms |
USGFX | MetaTrader 4, WebTrader, mobile trading platforms |
AvaTrade | MetaTrader 4, MetaTrader 5, AvaTradeGO, WebTrader |
Exness | MetaTrader 4, MetaTrader 5, WebTerminal |
Minimum Deposit
USGFX has a minimum deposit requirement of $100, which is pretty reasonable compared to some other brokers out there. It means that even if you're just starting out with trading and don't have a lot of money to invest, you can still give it a go with USGFX. Of course, you won't be able to make huge trades for just $100, but it's a good starting point to get your feet wet and learn the ropes of trading.
Broker | Minimum Deposit |
USGFX | $100 |
Avatrade | $100 |
IC Markets | $200 |
USGFX offers a variety of deposit and withdrawal options to its clients. Deposits can be made through bank wire transfer, credit/debit cards, and various e-wallets such as Skrill, Neteller, and FasaPay. The processing time and fees for each method may vary.
Withdrawals can also be made through bank wire transfer, credit/debit cards, and e-wallets. However, it is important to note that there may be fees associated with withdrawals, depending on the method chosen. Withdrawal requests are typically processed within 1-2 business days.
Also, USGFX may apply internal fees to withdrawals that are not actively traded. For example, if you make a deposit and then withdraw it without trading, USGFX may apply a fee of up to 3% of the deposit amount.
Pros | Cons |
Multiple payment methods available, including bank transfer, credit/debit card, and e-wallets | High withdrawal fees for some payment methods |
No deposit fees for most payment methods | Some payment methods have a minimum deposit amount |
Quick processing times for deposits | Long processing times for withdrawals |
Multiple currency options available for deposits | Limited currency options available for withdrawals |
Withdrawals may be subject to additional verification processes |
USGFX offers customer support through various channels, including email, phone, and live chat. The broker has dedicated support teams in different regions to cater to clients' needs. Customer support is available 24/5, and clients can contact the broker through the website's contact form or through the provided phone numbers and email addresses.
USGFX also has an extensive FAQ section on its website that covers different aspects of trading, including account management, deposit and withdrawal, and trading platforms.
Pros | Cons |
24/5 customer support | No 24/7 customer support |
Live chat support available | No phone support available |
Fast response time to email inquiries | Limited multilingual support |
Dedicated account manager for VIP clients | Limited educational resources on customer support issues |
Comprehensive FAQ section on website | No support via social me |
USGFX offers a variety of educational resources to help traders improve their knowledge and skills in trading. The broker provides free webinars, video tutorials, e-books, and other resources to help traders learn about various topics such as technical analysis, risk management, trading strategies, and more. Additionally, USGFX offers a demo account, which traders can use to practice trading in a risk-free environment.
The educational resources provided by USGFX can be accessed through the broker's website or the trading platform. The resources are available in multiple languages, making them accessible to traders from different countries. Traders can also interact with the broker's experts and other traders through online forums and social media channels.
1. Wide range of educational materials | 1. Some materials may be outdated or not relevant to current market trends |
2. Comprehensive courses and tutorials | 2. Limited interactive resources for personalized learning |
3. Regular webinars and seminars | 3. Some materials may only be available to premium account holders |
4. Market analysis and news updates | |
5. Economic calendar with upcoming events and indicators |
USGFX is a forex broker that offers trading services in a variety of markets, including forex, commodities, and cryptocurrencies. The broker offers several account types with varying minimum deposit requirements, allowing traders to choose an account that suits their trading needs. However, the broker's regulation has been a point of concern, with its licenses revoked by various regulatory authorities. This, coupled with negative reviews from clients and the low ranking score, raises questions about the broker's trustworthiness.
Q: Is USGFX a regulated broker?
A: USGFX was previously regulated by ASIC, FSC, and VFSC, but their licenses have been revoked due to regulatory violations.
Q: What trading platforms does USGFX offer?
A: USGFX offers the popular MetaTrader 4 (MT4) platform for desktop, web, and mobile devices.
Q: What is the minimum deposit requirement to open an account with USGFX?
A: USGFX offers a MINI account with a minimum deposit requirement of $100.
Q: What is the maximum leverage offered by USGFX?
A: USGFX offers a maximum leverage of up to 500:1 for forex trading.
Q: What are the available payment methods for deposits and withdrawals with USGFX?
A: USGFX offers various payment methods, including bank transfer, credit/debit card, and electronic payment systems such as Neteller and Skrill.
Q: Does USGFX offer educational resources for traders?
A: Yes, USGFX provides a range of educational resources for traders, including webinars, e-books, and trading tutorials.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive tradeview and usgfx are, we first considered common fees for standard accounts. On tradeview, the average spread for the EUR/USD currency pair is From 0 PIPS pips, while on usgfx the spread is EURUSD 0.4.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
tradeview is regulated by LFSA,CIMA. usgfx is regulated by ASIC,FCA,VFSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
tradeview provides trading platform including Innovative Liquidity Connector,X Leverage Account and trading variety including --. usgfx provides trading platform including ECN/STP account,VIP account,Platinum account,Standard account,Mini account and trading variety including Foreign exchange, precious metals, stock index futures.