USGFX is a broker platform that was started in the year 2011 in Australia. It provides CFD, and Forex trading services and its traders are able to place deals on shares, commodities, and currencies from any location in the world. In addition, this broker updates its traders on the latest Forex news and market analysis. This company is regulated by the Australian Securities and Investment Commission (ASIC).

The kind of trading offered by USGFX includes social trading where clients use Myfxbook of Zulutrade platforms. These two platforms enable traders to open an account the copy or follow the other traders’ strategies.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Trading Platform

This broker renders its traders some trading platforms such as Web Trader and Meta Trader4 (MT4). The Web Trader is an online web-based trading platform whereby all modern browses are supported. It has to chart package that is customizable with money management, technical indicator tools and gives room for CPDs and Forex trading. All the tools and resources needed by a trader are provided by MT4

Account Type

There are five types of accounts offered by USGFX to its client, and they include;

• Standard Account
• VIP Account
• Cent Account
• Mini Account
• Pro-ECN Account

Spread, Commission, and Leverage

The Pro-ECN account has a leverage of 1:100 while the other accounts have leverages of 1:100 to 1:500. Mini and Cent accounts have a spread of 2.8 pips while the standard account has spread from 2.2 pips. Pro-ECN and VIP have spread from 1.5 pips. This broker doesn’t charge commissions

Deposits and Withdrawal

The amount of money deposited depends on the account type. Mini and Cent account required that you make a minimum deposit of $100, the standard account is a minimum deposit of $ 10,000. Pro-ECN and VIP require a minimum deposit of $50,000 to open a new account. Withdrawals are made through Skrill, FasaPay, OKPAY, credit card, Bank wire, Neteller, and WebMoney.

Special features

This broker has a welcome bonus of 5% for every $5,000 deposit. Also, there is 50% bonus on deposit whereby a trader can turn it into tradable cash 2montsh after your deposit date. Furthermore, there is referring a friend bonus which ranges from $200 to $500 depending on the referred client first amount of deposit.

Support

A toll-free international phone number is provided by USGFX which clients are able to contact the company. The customers can additionally send emails or faxes to its address. In addition, it provides three different emails for Chinese, Australian and international clients.

Pros

• Regulations from well know regulatory bodies
• Different trading platforms
• A variety of safe payment means.
• Bonuses are available

Cons

• High spreads

Conclusion

USGFX is unique in that it provides updated forex news and market analysis to its customers. In addition, it also provides in-depth analysis, and market news to allow the customer makes good decisions. It is well regulated and allows fast direct contact with the international forex market. Different kinds of account enable its clients to choose depending on the capital that they have.

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