USGFX Broker Review ❤️ Multi branch Australian Broker

USGFX broker was founded in 2006 with the primary focus of offering a wide range of instruments and trading services, mainly in the Forex market. This Australian broker is based in Sydney with an office in Shanghai and a satellite office in Hong Kong, providing Forex and CFD trading services.

USGFX broker understands that Forex education and knowledge of market processes are key to success in trading. Therefore, they have developed the unique TradersClub, which offers extensive educational programs for traders at all levels to learn forex. In this article from the Brokerland website, we will review all the features of this broker.

Introducing USGFX Broker

Before considering any Forex broker, thorough research and careful examination to confirm their current status, regulations, and reputation in the industry are crucial. Additionally, keep in mind that Forex trading carries inherent risks, and understanding these risks is essential. Only trade with funds you can afford to lose.

Main Office	Astralia
Regulation and License	ASIC
Trading Instruments	Forex, Metals, Indices, and Bitcoin
Platform	MT4، MT5، WebTrader
EUR/USD Spread	2.2 pips
Minimum Deposit	100 Dollar
Base Currencies	USD، AUD
Demo Account	Available
Education	Market analysis, risk management, along with regular competitions and seminars
Customer Support	24/5

Awards:

Overall, over the years of its operation, USGFX broker has not only gained the trust of global traders but has also earned numerous awards through social support, making it one of the top Forex brokers. USGFX broker has collected the following awards during its years of service to traders:

– Best Forex Broker in 2018
– Best Forex Broker in Australia in 2015
– Best Forex Broker in Asia in 2016 and 2017
– Best Forex Broker and having the Best Trading Platform in 2019 by Forexawards.com.

Leverage at USGFX Broker

Facilities that enable a trader to open larger positions in trades compared to the deposited amount are called leverage. Such leverage products potentially increase a trader’s profit, but of course, they also amplify potential losses.

The amount of leverage is expressed as a ratio, for example, 50:1, 100:1, or 500:1. Assuming a trader has $1000 in their trading account and is trading with a volume of $500,000 USD/JPY, this leverage would be equivalent to 500:1. Trading with USGFX Broker allows you to choose leverage from 1:20 to 1:500, depending on the type of account, as we will discuss further in the various account types.

Regulation

USGFX Broker is regulated as a Forex exchange and CFD broker, authorized by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License (AFSL).

As we have always emphasized, compliance with regulations and valid licenses is the first thing to check when selecting a broker. Being regulated and adhering to strict regulations is essential for providing multiple ways to protect client funds and creating a healthy, transparent environment. This is something you will not find in unregulated brokers.

Aside from the security provided as per regulatory requirements, USGFX Broker has also implemented protection against negative balances, which brings peace of mind because in this feature, losses cannot exceed the account balance.

Trading Platforms at USGFX Broker

Now, let’s examine which software and trading platforms USGFX Broker uses. This broker has chosen the trusted trading platforms MetaTrader 4 and MetaTrader 5, which are well-known to traders from all over the world and offer endless features. Mobile versions of these platforms are also available for those who prefer trading on their mobile devices.

Furthermore, USGFX Broker offers social trading, a concept somewhat similar to a social network for traders. It allows traders who may not have the time or continuous market monitoring capabilities to easily follow the strategies of professional traders. These options are provided through two leading providers in this field: ZuluTrade and MyFXbook.

Types of Accounts at USGFX Broker

USGFX Broker offers five types of accounts, each catering to diverse trader needs. Below, we’ll outline the features and conditions of each account type, including the Mini, Standard, VIP, Pro-ECN, and VIP-Low Account.

• Mini Account

– Minimum Deposit: $100
– Maximum Account Balance: Not specified
– Spreads from: 0.01
– Minimum Lot Size: 0.01
– Leverage: 1:500
– Available for Personal, Joint, and Corporate accounts

• Standard Account

– Minimum Deposit: $500
– Maximum Account Balance: Not specified
– Spreads from: 0.01
– Minimum Lot Size: 0.01
– Leverage: 1:500
– Available for Personal, Joint, and Corporate accounts

• VIP Account

– Minimum Deposit: $20,000
– Maximum Account Balance: Not specified
– Spreads from: 0.01
– Minimum Lot Size: 0.01
– Leverage: 1:100, 1:200, 1:400, 1:500
– Available for Personal, Joint, and Corporate accounts

• Pro-ECN Account

– Minimum Deposit: $20,000
– Maximum Account Balance: Not specified
– Spreads from: 0.01
– Minimum Lot Size: 0.01
– Leverage: 1:100, 1:200, 1:400, 1:500
– Available for Personal, Joint, and Corporate accounts

• VIP-Low Account

– Minimum Deposit: $100,000
– Maximum Account Balance: Not specified
– Spreads from: 0.01
– Minimum Lot Size: 0.01
– Leverage: 1:100, 1:200, 1:400, 1:500
– Available for Personal, Joint, and Corporate accounts

Fees

Spreads at USGFX Broker vary depending on the type of account you use for trading, as outlined in the account types section. You can also find spreads for commonly traded symbols in the table below.

Additionally, always consider rollover fees, also known as overnight fees, as part of your costs. These fees are charged uniformly for positions held overnight and are 0.8 for short positions and 0.18 for long positions in the EUR/USD pair. You can compare these fees with other brokers that we have introduced and reviewed on the Brokerland website.

Deposits and Withdrawals at USGFX Broker

Traders at USGFX Broker can use various convenient methods for depositing or withdrawing funds from their trading accounts. These methods include:

– Bank Wire Transfers
– Credit Card or Cash Payments
– WebMoney
– Money Polo
– Perfect Money
– FasaPay
– Skrill, Neteller
– Online Banking Systems in Thailand, Malaysia, Indonesia, Vietnam, and MoneyNetint.

Please note that the availability of these methods may vary depending on your location and the specific regulations of the broker. It’s essential to check with the broker directly for the most up-to-date information on deposit and withdrawal options.

Withdrawal:

Withdrawal	Withdrawal Costs at USGFX Broker	Estimated Processing Time
	40 USD.	3-5 working days
	No fees are charged for deposits (only when the above-mentioned commercial conditions are not met, both deposit and withdrawal fees will be applied to the customer).
	0.00040000 BTC
	0.00040000 Bitcoin Gas Fee / TX Cost Please note: Coin payment is not secure by design. Please make sure you have entered the USDT-Omni address correctly. When using the USDT-Omni withdrawal method with a USDT-ERC20 address, the transfer will fail, and the funds will not be recoverable.
	Gas Fee: + Ethereum Gas Fee / TX Cost To pay for Gas and send it, you need to have some Ethereum in the same USDT.ERC20 address, not just in your account balance but in that same address. If necessary, you can withdraw Ethereum to your USDT.ERC20 address. Please note: Coin payment is not secure by design. Please make sure you have entered the correct USDT-ERC20 address. When using the USDT-ERC20 withdrawal method with an incorrect address, the transfer will fail, and the funds are not recoverable.
	Depending on market fluctuations

Deposit:

Deposit	Deposit Costs at USGFX Broker	Estimated Processing Time
Bank Info	No fees are charged for deposits (only when the above-mentioned commercial conditions are not met, both deposit and withdrawal fees will be applied to the customer).	1-3 working days.
		Immediate to 2 hours.
		on working days
		instant
		instant
		instant
		instant
		instant
		instant
		instant
		instant
	0.5%	Immediate to 30 minutes.
		Immediate to 30 minutes.
		Immediate to 30 minutes.
	Please be aware that cryptocurrency transaction fees may vary depending on the settings of your Android cryptocurrency wallet or hardware crypto wallet.	instant
	Based on the range from 2.4 to 7.5.	instantTrading Instruments

Trading Instruments

USGFX Broker offers a variety of trading instruments across different markets. These include:

1. Forex (FX): The forex market involves the exchange of currencies, and USGFX provides access to various forex pairs for traders to speculate on currency price movements.

2. Commodities: Traders can invest in commodities, such as precious metals (like gold) and other tradable commodities. These markets offer opportunities for diversification and hedging against inflation or economic uncertainties.

3. Indices: Stock market indices represent the performance of a specific group of stocks and are used to gauge the overall health of financial markets. USGFX offers trading on various stock market indices.

4. Energy: Energy markets include trading opportunities in commodities like crude oil and natural gas. Prices in energy markets are influenced by political, environmental, and economic factors, providing potential trading opportunities.

5. CryptoCurrencies: USGFX allows traders to invest in popular cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Ethereum (ETH), and Bitcoin Cash (BCH). These cryptocurrencies have gained popularity as alternative investments.

USGFX provides a range of trading options across these markets, allowing traders to diversify their portfolios and take advantage of various market conditions. It’s essential for traders to conduct thorough research and analysis before participating in any market to make informed trading decisions.

Minimum Deposit at USGFX Broker

When it comes to the minimum deposit amount, you can easily start trading with $100, which allows access to a mini trading account. While the types of accounts offered by USGFX broker require higher rates to get started, you can see them listed above.

Summary of USGFX Broker Review

After examining the USGFX broker, it can be confidently stated that it is a secure broker with excellent services for traders worldwide. It offers various account types and endless features for strategies and traders with any level of capital. Furthermore, USGFX broker provides an advanced account offer through various conditions, trading volumes, and initial capital.