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

Overview of USGFX

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.

Is USGFX legit or a scam？

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

Pros & Cons

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

Market Instruments

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

Account Types

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.

How to open an account with USGFX？

Opening an account with USGFX is pretty straightforward and you need to follow these steps:

1. First, you need to go to their website and click on the “Open Account” button.

1. 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.

1. 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.

Leverage

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.

Spreads and Commissions (Trading Fees)

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

Non Trading Fees

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.

Trading Platforms

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

Deposits and Withdrawals

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

Customer Support

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

Educational Resources

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

Conclusion

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.

FAQs

• 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.

AUS GLOBAL Review Summary in 10 Points
Founded	2003
Registered Country	United Kingdom
Regulation	ASIC, CYSEC
Market Instruments	US & EU Stocks, Forex, Precious Metals, Futures, Stock Indices, and Cryptocurrency
Demo Account	Available (30 days)
Leverage	1:500
EUR/USD Spread	0.9 pips
Trading Platforms	MT4, MT5, cTrader
Minimum deposit	$50
Customer Support	24/7 live chat, phone, email

What is AUS GLOBAL？

AUS GLOBAL is the internet brokerage brand of AUS Group, with offices in Cyprus, London, Dubai, Turkey, Seychelles, Mauritius, Thailand, Malaysia, Vanuatu, Melbourne, Vancouver and Wellington. It is a forex and CFD broker regulated by the Cyprus Securities and Exchange Commission (CySEC),offering online trading services to retail and institutional clients worldwide. The broker provides a range of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies, as well as various trading platforms such as MT4, MT5, and cTrader.

The broker also offers multiple account types with competitive trading conditions, such as low spreads, high leverage, and fast execution speeds. Additionally, AUS GLOBAL provides various trading tools, educational resources, and customer support services to help clients improve their trading experience.

What Type of Broker is AUS GLOBAL？

AUS Global is a No Dealing Desk platform (NDD) that transmits client orders to electronic trading centers on central clearing markets, where automated matching systems instantly reconcile trades to ensure that each client order is executed fairly.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

AUS GLOBAL appears to be a reputable broker with a strong regulatory framework, offering a wide range of trading instruments and account types. The broker's customer service seems to be responsive and available through multiple channels, including social media platforms.

However, some users have reported issues with scams and severe slippage, and it may be a drawback for infrequent traders. Overall, prospective clients should carefully consider the pros and cons before choosing to trade with AUS GLOBAL.

Pros	Cons
• Regulated by CYSEC	• Some reports of scams and slippage
• Offers professional insurance and client fund segregation	• No info on commissions
• Supports MT4, MT5, cTrader	• Deposit fees for some payment methods
• Wide range of trading instruments
• Multiple account types with low minimum deposits
• Leverage up to 1:500
• Multiple trading platforms and tools
• Various payment methods with no withdrawal fees
• Responsive customer service available 24/7

AUS GLOBAL Alternative Brokers

There are many alternative brokers to AUS GLOBAL depending on the specific needs and preferences of the trader. Some popular options include:

• Tickmill - With competitive spreads, a range of trading platforms, and a variety of account types, Tickmill is a good option for both novice and experienced traders.

• XTB - With a user-friendly trading platform, a wide range of trading instruments, and strong regulation, XTB is a reliable broker for traders of all levels.

• FxPrimus - With strong regulation, a range of account types, and competitive trading conditions, FxPrimus is a good choice for traders seeking a trustworthy and experienced broker.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is AUS GLOBAL Safe or Scam？

AUS GLOBAL operates under two reputable authorites, including the Cyprus Securities and Exchange Commission (CYSEC) in Cyprus and Australia Securities & Investment Commission (ASIC) in Australia.

Besides, the segregation of client funds and partnerships with leading banks also provide additional protection for clients' funds. The implementation of SSL encryption is another positive aspect that ensures secure data transmission.

Market Instruments

AUS GLOBAL offers a wide range of trading instruments, including over 10,000 products, such as US and EU stocks, forex, precious metals, futures, stock indices, and cryptocurrency. This variety allows traders to diversify their portfolios and take advantage of multiple markets with a single account.

Account Types

AUS GLOBAL provides a range of live account types to suit different trading needs and experience levels, STP, ECN, CLASSIC and VIP, with a relatively low minimum deposit requirement of $50 for the STP and ECN accounts. The Classic and VIP accounts are designed for more experienced and active traders, with higher minimum deposit requirements of $2,000 and $10,000 respectively.

The free demo accounts offered by AUS GLOBAL are a great way for traders to practice and test their trading strategies without risking real money. It is worth noting that these demo accounts are valid for 30 days from the date of registration, and the validity period will be renewed as long as the client logs into the demo account within 30 days.

Leverage

The leverage offered by AUS GLOBAL ranges from 1:1 to 1:500, depending on the trading product and account type. Different instruments have different margin requirements and leverage limits, so it's important to check the specific requirements for each trade before opening a position.

Spreads & Commissions

AUS GLOBAL offers competitive spreads, especially for its ECN account type with a 0.2 pip spread on the EUR/USD pair. However, it is unclear whether the broker charges any commission on top of the spread for these account types. The STP and Classic account types have higher spreads of 1.5 and 1.9 pips, respectively, which may not be as attractive to traders seeking lower trading costs.

Overall, AUS GLOBAL's spread offerings seem to be in line with industry standards, but it would be beneficial to have more information about commissions before making a definitive judgment.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread (in pips)	Commissions
AUS GLOBAL	0.2 (ECN), 1.5 (STP), 1.9 (Classic)	N/A
Tickmill	0.0 - 0.3	$2 per lot
XTB	0.1 - 0.5	N/A
FxPrimus	0.1 - 1.5	N/A

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

AUS GLOBAL supports three of the most popular trading platforms in the industry, which are MT4, MT5, and cTrader, providing traders with multiple options to choose from. The platforms are available on desktop and mobile devices, enabling traders to access their accounts and trade on the go. The trading platforms offer advanced charting tools, technical analysis indicators, and a variety of order types, allowing traders to customize their trading strategies.

See the trading platform comparison table below:

Broker	Trading Platforms
AUS GLOBAL	MT4, MT5, cTrader
Tickmill	MT4, MT5, WebTrader
XTB	xStation, MT4, AgenaTrader
FxPrimus	MT4, WebTrader

Note: Some brokers may offer additional trading platforms, but the ones listed above are the primary ones.

Trading Tools

AUS GLOBAL provides its clients with several trading tools to enhance their trading experience.

Firstly, the broker offers social trading, which allows clients to follow and copy the trades of experienced traders in real-time. This feature can be especially useful for beginner traders who are still learning how to trade.

Secondly, AUS GLOBAL provides an economic calendar, which lists upcoming economic events and announcements that could affect the markets. This tool enables traders to stay informed and make informed trading decisions.

Finally, AUS GLOBAL also offers PAMM/MAM (Percentage Allocation Management Module) accounts, which allow experienced traders to manage the funds of multiple clients simultaneously. This feature is particularly useful for traders who want to manage larger funds or for investors who want to allocate their funds to experienced traders.

Copy Trading

GMI's all-in-one auto-copying solution enables traders to follow and replicate trades from successful traders in the community, providing exposure to proven strategies and portfolio diversification through social trading.

Deposits & Withdrawals

AUS GLOBAL offers various payment options, including local bank transfers, e-wallets, credit cards (Visa/MasterCard), and international wire transfers.

Supported currencies:

EUR, USD, GBP, CNY, AUD, JPY, NZD, AED, HKD, MYR, THB, VND, PHP, IDR, TRY, USDT and other currencies.

The minimum deposit amount varies depending on the payment method, while the minimum withdrawal amount is $40.

AUS GLOBAL minimum deposit vs other brokers

	AUS GLOBAL	Most other
Minimum Deposit	$50	$100

Deposits via MyPay are subject to around a 4% fee, while other deposit methods are free of charge. There are no withdrawal fees. International wire transfer deposits may take up to 5 working days to process, while other deposits are processed instantly. Most withdrawals can be processed in approximately 1 working day.

See the deposit & withdrawal fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee
AUS GLOBAL	Free (except MyPay)	Free
Tickmill	Free	Free
XTB	Free	Free (over $100)
FxPrimus	Free	Free

Note: The fees listed above are subject to change, and may vary depending on the specific account type and payment method used. It is always recommended to check the broker's official website for the most up-to-date fee information.

Customer Service

It is noteworthy that AUS GLOBAL offers multiple channels of customer support, including 24/7 live chat, phone, email, or online messaging. Additionally, the broker provides a Help Center to assist clients with common questions and issues. For those who prefer social media, AUS GLOBAL can also be followed on Twitter, Facebook, and Instagram.

Overall, AUS GLOBAL's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros	Cons
• 24/7 live chat	• No physical office location available for in-person support
• Multi-channel support
• Help Center available for self-service support
• Active on social media
• Customer service representatives are knowledgeable and responsive
• Fast response times for most inquiries

Note: These pros and cons are subjective and may vary depending on the individual's experience with AUS GLOBAL's customer service.

User Exposure on WikiFX

On our website, you can see that some users have reported scams and severe slippage. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Conclusion

In conclusion, AUS GLOBAL offers a wide range of trading instruments and account types with competitive spreads and leverage of up to 1:500. The broker also supports popular trading platforms such as MT4, MT5, and cTrader, and provides various trading tools. AUS GLOBAL also offers multiple deposit and withdrawal methods with no withdrawal fees.

However, the broker has been reported to have scamming practices and severe slippage by some users. Overall, AUS GLOBAL can be considered as a decent option for traders, but it is important to be aware of the potential risks and to exercise caution when using their services.

Frequently Asked Questions (FAQs)

Q 1:	Is AUS GLOBAL regulated？
A 1:	Yes. It is regulated by CYSEC in Cyprus and ASIC in Australia.

Q 2:	Does AUS GLOBAL offer demo accounts？
A 2:	Yes. It is valid for 30 days from the date of registration of the demo account. The 30-day validity period will be renewed as long as the client logs into the demo account within 30 days.

Q 3:	Does AUS GLOBAL offer the industry-standard MT4 & MT5？
A 3:	Yes. It supports MT4, MT5 and cTrader.

Q 4:	What is the minimum deposit for AUS GLOBAL？
A 4:	The minimum initial deposit to open an account is $50.

Q 5:	Is AUS GLOBAL a good broker for beginners？
A 5:	No. It is not a good choice for beginners. Though it is regulated well and offers demo MT4 and MT5 accounts, there are too many negative reviews from their clients.