USGFX
Abstract：USGFX is a brokerage firm registered in Australia. This firm's regulatory status is suspicious clone because its website address is not consistent with the one on the regulatory certificates. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.
Note: USGFX's official website: https://www.usgfxch.com/ is currently inaccessible normally.
USGFX Information
USGFX is a brokerage firm registered in Australia. This firm's regulatory status is suspicious clone because its website address is not consistent with the one on the regulatory certificates. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.
Is USGFX Legit？
| Regulatory Status | Suspected Fake Clone |
| Regulated by | ASIC |
| Licensed Institution | UNION STANDARD INTERNATIONAL GROUP PTY LTD |
| Licensed Type | Market Making(MM) |
| Licensed Number | 302792 |
USGFX's regulatory status is suspicious clone. From the certificate, we can see:
- Website of Licensed Institution: https://www.usgfx.com
But the actual website of this brokerage firm is “https://www.usgfxch.com/”. The inconsistency makes it obvious that they're providing false licenses to deceive traders.
Downsides of USGFX
- Unavailable Website
USGFX's official website is currently not working. Maybe it's time to find another brokerage.
- Lack of Transparency
You can only find limited information about this brokerage online.
- Regulatory Barriers
USGFX's regulatory status is suspicious clone. Before choosing a brokerage, remember to consider the risk involved.
Trading Platform
The popular MT4 platform is available with this firm. You can apply online and mobile devices to download on its website. Its main features include high speed trading (up to 50 ms), technical indicators, automated trading and risk control.
Negative USGFX Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are fifteen pieces of USGFX exposure in total. I'll introduce two of them.
Exposure 1. Unable to log in, trade, or withdraw funds
| Classification | Unable to Withdraw |
| Date | Feburary 24, 2024 |
| Post Country | Hong Kong |
The user said:“I traded on 2023.11.30 at 13:15:26. Order number 66904610. When I wanted to trade on 2024.02.22/23, I found that it could not be traded.” You may visit: https://www.wikifx.com/en/comments/detail/202402246182882567.html
Exposure 2. USG is not allowed to withdraw funds
| Classification | Severe Slippage |
| Date | August 17, 2023 |
| Post Country | Hong Kong |
The user said:“The withdrawal has been delayed for one or two years and has not been resolved.” You may visit: https://www.wikifx.com/en/comments/detail/202308176542471745.html
Conclusion
Safty and costs are two important factors to consider when you choose online brokerage. USGFX' website currently is out of working and its regulatory status is suspicious clone. It is better to choose regulated brokers with transparent operationsto ensure the safety of your investment. When comparing brokerages, keep the potential risks firmly in mind.
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