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USG -

Score

1.37 /10
Danger

USG

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.usgforex.asia/

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Comparison

Quantity 2

Exposure

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Website

Score

Regulatory Index0.00

Business Index5.93

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

United Strategic International LLC

Company Abbreviation

USG

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 798776) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
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USG · Company summary
USG Review Summary
Founded2021
Registered Country/RegionUSA
RegulationFCA (Suspicious clone)
Market InstrumentsCurrencies, indices, commodities
Demo Account✅
LeverageUp to 1:500
SpreadFrom 2.2 pips (Standard account)
Trading PlatformMT4, MT5
Min Deposit$100
Social/Copy Trading✅
Customer SupportLive chat
Tel: +61 291890223
Email: clientsupport@usgfx.global

USG was registered in 2021 in the USA, which is a broker focusing on the currency, indice, and commodity market. It uses MT4 and MT5 as its trading platforms, and it offers 4 types of accounts, with a minimum deposit of $100 and a maximum leverage of 1:500. However, it holds a suspicious clone FCA license. Please note the potential risks.

USG's homepage

Pros and Cons

Pros Cons
Demo accountsSuspicious clone FCA license
Flexible leverage ratiosLimited tradable asset classes
MT4 and MT5 providedWide spreads
Social/copy trading provided
No deposit fee charged
Multiple payment options
Live chat support
Promotions offered

Is USG Legit?

USG claims to offer some protection measures including segregation of accounts, Negative Balance Protection, and accounts with major banks.

However, the Financial Conduct Authority (FCA) regulation (License Type: Straight Through Processing (STP) license number: 798776) claimed by this broker is suspected to be clone. Therefore, USG currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.

Regulatory AuthorityFinancial Conduct Authority (FCA)
Regulatory Status Suspicious Clone
Regulated by UK
Licensed Institution Union Standard International Group Limited
Licensed TypeStraight Through Processing (STP)
Licensed Number798776
Suspicious clone FCA license

What Can I Trade on USG?

On USG, customers can explore the currencies, indices, and commodities markets, as is shown on the official website.

Tradable Instruments Supported
Currencies✔
Commodities✔
Indices✔
Stocks❌
Cryptos❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on USG?

Account Type/Fees

USG provides 4 types of accounts, including Mini, Standard, VIP, and Pro-ECN. Besides, a demo account is also available.

Account TypeMin DepositSpreadLeverage
Mini$100From 2.8 pips1:100, 1:200, 1:400, 1:500
Standard$10,000From 2.2 pips
VIP$50,000From 1.3 pips
Pro-ECNFrom 1.5 pips1:100
Account comparison 1
Account comparison 2

Leverage

The leverage can be 1:100, 1:200, 1:400, and 1:500, depending on the types of accounts. Careful considerations are recommended, because high leverage is likely to bring high potential risks.

Trading Platform

USG uses MT4 and MT5 as its trading platforms.

Trading PlatformSupported Available Devices Suitable for
MT4✔PC, web, mobileBeginners
MT5✔PC, web, mobileExperienced traders
Trading Platform

Social/Copy Trading

USG provides social trading and copy trading services. On its platform, customers can share their trading experiences, and they can gain some insights from top traders.

Social Trading
Copy Trading

Deposit and Withdrawal

USG supports various types of deposit and withdrawal options.

Deposit Options

Deposit Options Fees Processing Time
Bank wire transfer❌1-3 working days
VISAInstantly to 2 hrs
Perfect Money1 working day
Fasapay; online banking in Thailand, Malaysia, Indonesia, Vietnam, and Philippines; VoguePayInstantly
Coinpayments0.5%Instant to 30 mins
GCPAY❌Instantly
AstroPayBy region: 2.4% to 7.5%
Deposit

Withdrawal Options

Withdrawal Options Fees Processing Time
Bank wire transfer$403-5 working days
VISA; Perfect Money; Fasapay; online banking in Thailand, Malaysia, Indonesia, Vietnam, and Philippines❌
VoguePay1.5% + $5.00
Coinpayments; GCPAY$10
Withdrawal

User Reviews

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User comment

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Comments

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Rebecca
more than one year
I recently found out that USG is routing my order flow to Citadel and other market makers. Before realizing this, the price movements in many of my trades didn't make much sense. It seems like they are facilitating extortion from retail traders for these market makers.
I recently found out that USG is routing my order flow to Citadel and other market makers. Before realizing this, the price movements in many of my trades didn't make much sense. It seems like they are facilitating extortion from retail traders for these market makers.
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2024-01-24 23:04
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海上孤舟
more than one year
USG provides excellent service. Deposits and withdrawals are lightning fast. The 100% bonus is capped at $500, which could be improved by raising the bonus limit. Overall, a trustworthy and legitimate broker.
USG provides excellent service. Deposits and withdrawals are lightning fast. The 100% bonus is capped at $500, which could be improved by raising the bonus limit. Overall, a trustworthy and legitimate broker.
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2023-12-28 14:04
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