logo |

Brokers

About WikiFX
    Home - Brokers - USGFX

    Lots of Complaints

    USGFX

    USGFX

    Australia
    2-5 years Regulated in Australia Straight Through Processing(STP) MT4/5 full license Global Business
    Website:

    https://www.usgfx.com

    Expose
    Score
    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9
    10
    License Index 0.00
    Risk Management Index 0.00
    Software Index 8.98
    Business Index 6.73
    Regulatory Index 0.00
    Company Abbreviation

    USGFX

    Registered country

    USGFX Australia

    Company Name

    UNION STANDARD INTERNATIONAL GROUP PTY LTD

    Company address

    --

    Website

    https://www.usgfx.com/

    Australia Securities & Investment Commission
    ASIC Revoked

    Market Making(MM)

    Financial Conduct Authority
    FCA Regulated

    Straight Through Processing(STP)

    Vanuatu Financial Services Commission
    VFSC Revoked

    Retail Forex License

    Broker Information

    Customer Service Phone Number

    +61 2 9251 1395

    Customer Service Email Address

    support.au@usgfx.com

    Company summary More
    Let me correct the erro.
    Pyramid scheme complaint
    Expose

    Check whenever you want

    Download App for complete information

    Download on the App Store
    Download on the Google Play
    Download on the Android
    Warning: Low score, please stay away!
    6
    2021.10.24
    The WikiFX cloud system has verified this broker has way too many complaints, and it is in the WikiFX complaint blacklist; please be aware of the risk!
    The number of the complaints received by WikiFX have reached 619 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    EA VPS

    No restriction on the broker account. Provide service support by WikiFX

    Single Core

    1G

    40G

    ₱ 50.26/month
    Open immediately

    Benchmark

    Trading environment rating source: real trading data of 86,098 WikiFX VPS users

    Average transaction speed(Millisecond)
    Statistics on the time taken from the submission of an order to its execution by the server among orders. The smaller the value the better for the investor.
    302.3
    The fastest transaction speed(Millisecond)
    Statistics on the minimum time taken from order submission to server execution among orders.
    125
    Average disconnection frequency(Times/day)
    The average number of automatic disconnections of the trading software per day. The smaller the value, the more stable the trading server is.
    0.5
    Average reconnection time(Millisecond)
    The average time for the trading software to reconnect automatically if disconnection occurs. Smaller value indicates faster reconnection
    24.4
    Average trading slippage
    0.8
    Maximum transaction slippage
    6
    Average transaction cost
    Statistics on the sum of the average spread and commission cost for 1 lot of mainstream currency trading. The smaller the value the better for the investor.
    EURUSD 13.37USD/lot
    XAUUSD 32.54USD/lot
    Average Rollover Cost
    Statistics on the average rollover cost for 1 lot of mainstream currency trading (rollover fees for long orders, rollover fees for short orders). The investor's cost is lower
    EURUSD Long: -3.95USD/lot Short: 1.12USD/lot
    XAUUSD Long: -3.57USD/lot Short: -2.43USD/lot
    Unable to withdraw Ponzi Scam + bad attitudes toward customers
    I withdrawn 405USD from my account, it passed two months and I still haven’t received my money. At first, I politely asked the customer service and the person in charge for about 10 times to fasten the withdrawal time, they replied me with their typical customer service script with no action taken. The person in charge said if I wish to fasten my withdrawn process, I must introduce new customer into USGFX, this is a Ponzi scam, the whole USGFX is a scam. they cheated my 405USD
    FXOGAdvk3412

    2021/10/21 20:50:36

    Unable to withdraw Unable to withdraw
    The manager replied as the following picture.
    FXLDSdhc4527

    2021/8/31 10:56:04

    Severe Slippage Severe slippage
    I lost $32970. They did not reply me.
    FXNBUjdh5447

    2021/8/29 12:03:36

    Unable to withdraw Unable to withdraw
    I was unable to withdraw from September 2020 to August 2021.
    FXETFjci1857

    2021/8/21 12:01:09

    Unable to withdraw Fraud platform
    Its new website was https://www.usgforex.asia/us. Salesman called Weng Ziping, deceived the deposit and promised 3-5 working days to arrive in the account. But the withdrawal delayed for 1-2 months.
    FXXFEeak9579

    2021/8/12 3:28:08

    Unable to withdraw Unable to withdraw
    I applied for the withdrawal in November, 2020 and it was still pending.
    FXDCNtff1574

    2021/8/9 17:27:54

    Unable to withdraw Fraud platform
    I made transactions on this platform for 5 years and was unable to withdraw from 2019. Three of my friends withdrew $4,000 after losing, but it did not complete after one month. Beware of it.
    FXXFEeak9579

    2021/7/30 15:44:43

    Unable to withdraw Unable to withdraw
    Withdrawal took 1 month. The salesmen shirk their responsibilities, and there are two friends who were also unable to withdraw.
    FXXFEeak9579

    2021/7/26 2:27:29

    Transaction data

    WikiResearch

    Subscribe to VPS now
    • Total Margin
    • Active Trade
    • New User
    • Stop Out
    • Total Profit
    • Total lots
    • Spread Cost
    • Net Deposit
    • Net Withdraw
    No data
    USGFX · MT4/5
    Identification Result MT4/5 full license
    The formal brokers with MT4/5 full license offer complete system service and follow-up technical support. In general, their businesses and techniques are relatively mature and the risk management abilities are much stronger.
    USGFX-Live3
    MT4
    Server Name
    USGFX-Live3
    Most visited countries/areas
    Singapore
    USGFX-Live4
    MT4
    Server Name
    USGFX-Live4
    Most visited countries/areas
    Singapore
    USGFX-Demo
    MT4
    Server Name
    USGFX-Demo
    Most visited countries/areas
    Hong Kong
    USGFX-Live
    MT4
    Server Name
    USGFX-Live
    Most visited countries/areas
    Australia
    USGFX-Live2
    MT4
    Server Name
    USGFX-Live2
    Most visited countries/areas
    Germany
    UnionStandardInt-Demo
    MT5
    Server Name
    UnionStandardInt-Demo
    Most visited countries/areas
    Germany
    UnionStandardInt-Live
    MT5
    Server Name
    UnionStandardInt-Live
    Most visited countries/areas
    Singapore
    USGFX · Website

    Most visited countries/areas

    Cambodia Malaysia India
    usgfx.com
    Server Location
    Hong Kong
    Most visited countries/areas
    Cambodia
    Website Domain Name
    usgfx.com
    ICP registration
    --
    Domain Effective Date
    0001-01-01
    Server IP
    27.126.206.15
    Website
    --
    Company
    --

    USGFX

    Free CompensationMore details

    Please download WikiFX APP

    Scan to Download

    Download for complete information Free

    Check whenever you want

    ;
    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

    • Licensed Institution :

      UNION STANDARD INTERNATIONAL GROUP PTY LTD

      Effective Date :

      2006-09-14
    • Email Address of Licensed Institution :

      smonis@brifnsw.com.au

      License Type:

      No Sharing
    • Website of Licensed Institution :

      http://www.usgfx.com

      Expiry Date :

      --
    • Address of Licensed Institution :

      SuiTe 3 G, 135 Macquarie STreeT, SYDNEY NSW 2000

      Phone Number of Licensed Institution :

      02 8263 2300
    • Licensed Institution Certified Documents :

      UNION STANDARD afca20200902更新 View Certified Documents USB_ASIC监管查询信息截图1 View Certified Documents USG_FOS查询信息截图 View Certified Documents 302792 牌照信息20190212 View Certified Documents USGFX ASIC监管2020.09.21 View Certified Documents
    Financial Conduct Authority

    Financial Conduct Authority (FCA)

    The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.

    • Licensed Institution :

      Union Standard International Group Limited

      Effective Date :

      2018-11-05
    • Email Address of Licensed Institution :

      info@ukusg.co.uk

      License Type:

      No Sharing
    • Website of Licensed Institution :

      https://www.ukusg.co.uk/

      Expiry Date :

      --
    • Address of Licensed Institution :

      75 King William Street London EC4N 7BE UNITED KINGDOM

      Phone Number of Licensed Institution :

      +44 2078463712
    • Licensed Institution Certified Documents :

      Union FCA牌照信息__20190812更新.jpg View Certified Documents USGFX-FCA牌照210224 View Certified Documents 798776.png View Certified Documents Union Standard International FCA20200722更新 View Certified Documents
    Vanuatu Financial Services Commission

    Vanuatu Financial Services Commission (VFSC)

    The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.

    • Licensed Institution :

      UNION STANDARD INTERNATIONAL GROUP LTD

      Effective Date :

      2020-01-13
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      USGFX-VFSC牌照210412 View Certified Documents USGFX_VFSC监管截图 View Certified Documents

    No content

    No data

    Load failure

    Load failure

    Special Note

    ×
    USGFX

    1.pngWikiFX only provides the legal URL of the platform published by the regulatory website.

    1.pngWikiFX will not disclose your personal information to third parties.

    1.pngIn order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.

    1.pngThe use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.

    根據香港證券及期貨事務監察委員會的規定

    為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    USGFX
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
    Related Photos
    Confirm to Submit

    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

    Confirm

    USGFX · Company summary

      General Information & Regulation

      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. Union Standard International Group Pty Ltd is regulated by the Australian Securities and Investment Commission (ASIC), with license number 302792, however, this license has been revoked. USG UK is the trading name of “Union Standard International Group Limited” which is registered in England and Wales with the reg. number 10702813, is authorized and regulated by the Financial Conduct Authority (FCA) with the license number: 798776.

    image.png

      Markets Instruments

      Investors can trade 60 currency pairs, as well as Gold, Silver, indices, and CFDs through the USGFX market, which offers 24/7 customer service.

      Minimum Deposit

      USGFX offers four different types of accounts for Global investors, including the Mini Account ( minimum deposit is $100), Standard Account (minimum balance of $10,000), VIP Account ( minimum balance is $50,000), and Pro ECN Accounts (minimum balance of $50,000). USGFX UK offers the Retail Account ( with minimum deposit is £500 ) and the Professional Account (minimum deposit of £5,000).

      Leverage

      Trading with USGFX traders automatically access flexibility to choose leverage from 1:20 to 1:500. The Mini, Standard, and VIP accounts have flexible leverage options of 1:100, 1:200, 1:400, 1:500, respectively, while the Pro ECN account has a leverage of 1:100.

      Spreads & Commissions

      For Mini Accounts, the minimum spread is 2.8 pips for EURUSD and 3 pips for GBPUSD. For Standard Accounts, the minimum spread is 2.2 pips for EURUSD, 2.4 pips for GBPUSD, 5 pips for Gold and 4 pips for Silver, while for VIP and Pro ECN Accounts, the minimum spread is 1.6 pips for EURUSD, 1.3 pips for EURUSD, and 4 pips for both Gold and Silver. All spread changes are variable, and USGFX charges an additional $10 per lot in addition to the spreads for trading stock & indices.

      Trading Platforms

      USGFX offers traders a wide range of trading platforms, including the industry-recognized leading MT4 & MT5 trading platforms, MT4 Android Mobile, MT4 Apple Mobile, MT5 Android Mobile, MT5 Apple Mobile, and mobile apps downloading from Google Play & Apple Store. Moreover, USGFX also supports web-based trading platforms, MT4 multi-account management systems, and social trading, giving traders the flexibility to choose in light of their actual needs.

      Social Trading

      USGFX provides social trading solutions to clients who have no time to trade or those who simply want to copy other traders without bothering with any complex market analysis. The social trading platforms provided include Myfxbook, ZuluTrade.

      Deposit and Withdrawal

      USGFX offers traders a wide range of trading options, including bank wire transfers, VISA, MasterCard, Perfect Money, FasaPay, Skrill, NETELLER, UnionPay, Thai, Malaysian, Indonesian, Vietnamese transfers, cryptocurrency payments, and more. USGFX UnionPay has abolished the CUP withdrawal fee since July 20th, 2015.

      Customer Support

      The USGFX customer support team can be available 24/5. They can be reached on phone, email and through the instant web chat feature available on the website.

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.