Overview of USGFX Brokerage Company

Overview of USGFX Brokerage Company

The company was founded in Australia and since then it is known as a client-oriented organization that provides transparent services guided by its own rules, which are based on respect for the client. The set of assets will satisfy every trader, including currency pairs, CFDs, commodities, raw materials and indices. The company is constantly growing and opened its office in Shanghai and Hong Kong, which proves that it is oriented on Asian market.

The company understands that the faster the information reaches the client, the more profitable deals will be, which is why USGFX pays great attention to the equipment and signal quality, for example, using fiber-optic lines for communication between the servers, which are located both in the UK and in the United States. The company works with leading liquidity providers which guarantees relatively low spreads and other costs for clients.

This is not news that education plays an important role in achieving a good result, which is why the company has invested in training, for example, created a project TradersClub, it is a kind of university where you can get the necessary skills, take a risk minimization course, participate in seminars and webinars. Contests are held to encourage clients and attract new traders.

The main goal of the company is to get approval from its customers. Besides, the company has a lot of awards from outstanding experts.

Regulations and regulators

Overview of USGFX Brokerage

USGFX is the brainchild of Union Standard Group. And of course, since the headquarters is located in Australia, it is regulated by the Australian organization for the control of financial services – ASIC. The license for trading activity was also issued on the Australian continent.

When choosing a broker Do not forget to pay attention whether it is licensed or not. The protection of your interests depends on it, the trading environment is as transparent as possible, this is a definite plus in contrast to unregulated brokers.

Platforms for trading

The trading platform is very convenient for the trader, which affects how quickly the transactions are opened and the time it takes the trader to conduct some operations. For example, the USGFX company offers to work through the platforms of MetaTrader, this is the fifth version. These platforms meet all the needs of traders, and it is no coincidence that they are chosen as the main platforms by 80% of traders around the world.

The company has a long partnership with Trading Central, which provides a lot of useful research, technical analysis as well as the latest news from the financial markets. There is also such a tool as Recognia, This system allows, or rather offers from the trend, based on intraday activity.

It is now quite popular to use social trading, it is an opportunity to copy trades of more experienced traders. It will help to create your own strategy faster or profit from the strategy already created by other traders.

That’s why the company offers the Zulutrade and MyFXBook services.

Types of trading accounts

The company offers 4 types of trading accounts for its clients. This allows a client with a different level of finances, experience or by some criteria choose the most suitable ones for his/her purposes. Thus, it is possible to open a minimal account, a standard account or a PRO-ECN account for experienced clients.

Also the company offers a demo account to test all the features of the platform. You will be given 100,000 virtual dollars to do so, which will be great for inexperienced clients.

Commission costs

Regarding the spreads, it depends entirely on the asset and the type of account, as well as the commission and swap charges, which may range from 0.18 to 0.8 depending on whether it is a short or long term transaction.

Deposits and Withdrawals

There’s a fairly extensive choice of classic deposit methods and electronic options offered here:

  • bank transaction
  • plastic card payment
  • transfer via WebMoney
  • Perfect Money
  • Skrill
  • Neteller
  • Fasapay

Through your online bank you can recharge your account in some Asian countries: Indonesia, Vietnam, Malaysia, Thailand

Withdrawal is possible by the same methods as the deposit.  There are no charges for deposits since USGFX covers all charges for incoming transactions. The same cannot be said about outgoing transactions where you may face the commission from the payment services, in this case you should cover it yourself.

The minimum deposit amount, enough to start trading is only $100, which means below the market average. It should be noted that this amount is enough to work on the most minimal trading account. The other few accounts have their own requirements, which you can find out from the specialists or on the company’s website.

Conclusion

USGFX is a quality company to work with for a long time, a very good level of software and social trading capabilities will allow you to increase your level of earnings. It might seem that the company has quite large spreads, but at the same time it is a reliable company because it is licensed and regulated by the world-renowned Australian regulator.

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