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USG -

Score

1.45 /10
Danger

USG

United Kingdom

2-5 years

Suspicious Regulatory License

White label MT4

Regional Brokers

High potential risk

https://usgfx.co.uk

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Comparison

Quantity 10

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.55

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Union Standard International Group Pty Ltd

Company Abbreviation

USG

Platform registered country and region

United Kingdom

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

10 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Do not be cheated by USG. You are unable to withdraw your funds even if you deposit in their new platform

Trick customers into investing with their new platform.

2021-04-21 16:49
Unable to Withdraw

Unable to withdraw

1000 dollars cannot be withdrawn for two years. I feedback it last time and the broker prevaricated me and asking me to open a new account to deposit in order to withdarw. It is clrearly a fraud. I insist to withdrraw. Thank you for your help if you can help me with this.

2022-03-22 09:08
Unable to Withdraw

unable to withdraw

The status is still "newly registered" after all the time. On the second screenshot you can see my balance and few trades. The deposit and withdrawal of 1800 USD means I asked them to cancel wire transfer withdrawal and submitted another Fasapay one.

2021-09-08 20:04
Unable to Withdraw

Unable to withdraw

It has been nearly a year since I applied for withdrawal in July, 2020. The withdrawal hasn’t arrived yet. And the customer service just gave some official answers which were all the same

2021-05-12 21:46
Unable to Withdraw

unable to withdraw

As I posted before, I couldn't withdraw my money from the account till now. Scam platform!

2022-03-17 17:01
Unable to Withdraw

I was scammed of this broker

Do not invest here. They are very quick to collect your money, but when it comes time to withdraw it, they will talk about their policy which they never mentioned before , they stop answering your calls and emails and then eventually disappear. I lost about $32,000 to this company.

2021-09-08 13:39
Unable to Withdraw

Do not invest here.

They are very quick to collect your money, but when it comes time to withdraw it, they will talk about their policy which they never mentioned before , they stop answering your calls and emails and then eventually disappear. I lost about $32,000 to this company.

2021-09-18 19:38
Unable to Withdraw

SCAMMERS

I am trying to withraw my deposit since more than one month, but i recive constatly the same answer, that they urge my withrawal, but nothing.Stay away because you lose your money fore sure.

2021-08-09 15:07
Scam

Scam company

Keep delaying withdrawal. The withdrawal from 2021 still not proceed yet. The account is deducted for not trading. Terrible company.

2023-02-08 20:56
Unable to Withdraw

Does not process the withdrawal and keep delaying it. It is possible to be scammed

The official website just registered: https://www.cnusgfx.com, and later changed to: https://www.usgforex.asia. [d83d][de25] The application for withdrawal from last year did not withdraw money, the account manager disappeared, and did not reply the message ! ! The platform customer service asks you to contact the account manager, and the account manager is missing! They really good at it. The friend I introduced was scammed by USG.

2022-02-24 12:04
    USG · Company summary

    General Information & Regulation

    USG UK (Union Standard International Group Limited) is part of the USG group which is a multi-asset FX & CFD broker. Domiciled in London, USG UK is not subject to any regulation.

    Market Instruments

    USG UK says it offers more than 60 trading assets, including forex currency pairs, indices, and commodities. The variety of tradable financial instruments on the USG UK platform is rather average.

    Minimum Deposit

    USG UK offers two types of trading accounts: Retail and Professional accounts. The minimum initial deposit of the Retail account is ￡500, much higher than the industry standards. The minimum initial deposit of the Professional account remains unknown.

    Leverage

    Trading leverage varies depending on client types. For retail clients, leverage is between 2:1 and 30:1 depending on the instrument. While for professional traders, they can choose higher trading leverage, which is up to 1：400 depending on particular instruments.

    Spreads & Commissions

    Spreads differs depending on different trading accounts. The spread on the Retail account start from 1. 3 pips, while spreads on the Professional account are slightly narrower, around 0.8 pips. Commission details are not mentioned.

    Trading Platform Available

    USG UK says it offers the MT4 and MT5 trading platforms, MT4 Multi-terminal and Copy Trading. The USG UK MT4 platform offers users a premium and powerful trading experience with a set of useful features that can be advantageous to your trading, free of charge and available for immediate download. The USG UK MT5 delivers everything traders have grown to love about their USG UK MT4 but with a few extra enhancements.

    Deposit & Withdrawal

    Available deposit and withdrawal payment methods available on the USG platform include Bank Wire Transfer, Visa, MasterCard, Skrill, Neteller, and ecoPayz. The service fee for withdrawal through ecoPayz is 2%, 1% for Skrill and Neteller, and the processing time will be 3 to 5 working days.

    Customer Service

    The USG UK customer support team can be reached through email, telephone, live chat, as well as some social media platforms include Twitter, Facebook, Instagram and Linkedin.

    User Reviews

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    User comment

    2

    Comments

    Write a review

    lz
    more than one year
    My trading experience is not bad, deposit takes no time at all, but withdrawal takes too much time for me. USG must state the withdrawal fee on the website.
    My trading experience is not bad, deposit takes no time at all, but withdrawal takes too much time for me. USG must state the withdrawal fee on the website.
    Translate to English
    2023-02-27 17:39
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    0
    Mazzy star
    more than one year
    聽朋友介紹說這是個靠譜的好平臺， 沒想到交易盈利之後，他們就取消了我的利潤，說是我的賬戶有問題。。。 賬戶有沒有問題不是一開始就清楚的嗎，為何要等到我盈利了才說有問題？至今他們也沒有給我一個合理的解釋。
    聽朋友介紹說這是個靠譜的好平臺， 沒想到交易盈利之後，他們就取消了我的利潤，說是我的賬戶有問題。。。 賬戶有沒有問題不是一開始就清楚的嗎，為何要等到我盈利了才說有問題？至今他們也沒有給我一個合理的解釋。
    Translate to English
    2022-12-13 13:51
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