USGFX Review

2.048 · 34 REVIEWS

Union Standard Group

Updated: Jan 12, 2021 ·  · Is this your company?

USGFX is a forex broker. USG FX offers the MT4, MT5 and WebTrader forex trading top platform. offers over 40 forex currency pairs, cfds, commodities, indices, gold, silver, oil and bitcoin for your personal investment and trading options.

2020-09-18:  ASIC has cancelled the license of Union Standard International Group, which operates USGFX.
2019-12-23:  ASIC has announced that it made an interim asset restraining order against Maxi EFX Global AU Pty Ltd (trading as EuropeFX) and BrightAU Capital Pty Ltd (trading as TradeFred), both of which are Corporate Authorised Representatives of Union Standard International Group Pty Ltd (trading as USGFX) (AFSL 302792).  CLICK HERE for more details. 

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $100
Established: 2007
Address: G03, 135 Macquarie Street, Sydney, NSW 2000, Australia
Contact:, +61 2 9251 1395
Regional offices:
Regulators: ASIC #AFSL-302792-CANCELLED, VFSC #41706
Prohibited countries:
Trading platforms: MT4, MT5, WebTrader
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
Currencies: (40+)
Cryptocurrencies: (1) Bitcoin
CFD: (10+) Gold, Silver, Stock Indexes, Oil
EAs/Robots: Yes
ZuluTrade: Yes
Deposit Methods: Bank Wire, VISA, MasterCard, FasaPay, Local Bank Transfers, PerfectMoney, Poli, SticPay, UnionPay, VoguePay, WebMoney
Withdrawal Methods: Bank Wire, VISA, MasterCard, FasaPay, GPay, Local Bank Transfers, Neteller, PerfectMoney, Skrill, UPay, VoguePay, WebMoney

Live discussion

Join live discussion of on our forum

Go to forums profile provided by Joyce Shen, Apr 7, 2014

USG is a leading group, focusing on brokerage services. We provide many countries around the world, asset management companies and large investment institutions with our premium and the highest level of brokerage services.

USG has had both its high market share and clients’ profits grown since the company was established. We become looked up to as a role model in this field. USG always bears our clients’ best interest in mind. We highly regulate ourselves with quality management and information technology security. We have the most perfect and complete profit plan and partnership cooperation system. We dedicate ourselves to you with up-to-date creative strategies.


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2.048 · 34 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Traders Reviews

Singapore, Singapore,
Dec 16, 2020,
Registered user

Withdrawal for 3 weeks with no update, no email, no contact

Service use: Live

Length of use: 0-3 Months

Tried to do a simple withdrawal 3 weeks ago and there was no acknowledgement, no contact, no email, no information.

Contacted them a few times via Live Chat- the reply is all robotic. Copy and paste templates on sorry for the inconvenience, and how they will escalate the issue and account manager will call me.

I have been using 7 different forex brokers and this one is the worst i have ever used.
South Bohemia, Czech Republic,
Dec 14, 2020,
Registered user

Again, I have to change my opinion on this company. I made a final withdrawal of my balance of about 400 USD. Its been over a month and nothing happens. Seems like they are ready to go dark.

Nov 14, 2020 - 2 Stars After a little push they honored all my withdrawals. I added one star as I dont consider them a scam. Hope they can fix the withdrawal waiting times and communication with traders so they become a standard quality broker as they stand in the past.

Nov 9, 2020 - 1 Star They are ignoring my withdrawal request for 3 months with the same excuse:

"We are currently undergoing a regulatory transition hence the withdrawal time will be prolonged.
Your feedback is well received and we will notify your account manager to assist you as soon as possible. Thank you"

My top 1 explanation of why they cannot pay tiny 400 USD withdrawal for 3 months is that they are in deep s*** or (and) something very suspicious is going on here.

Suspicious (by my humble opinion) are also the 5 star reviews below from "fake or paid" gantlemans. They all registered only for posting a 5 star review for this broker on the same day. No other activity on FPA. One doesnt need to be a genius to count 1+1.

I recommend all traders to be very cautious here. Will update this review if there are any news.

More. Community discussion of this issue >>

  1 trader has found this review helpful
Cogolin, France,
Dec 8, 2020,
Registered user

No withdrawal for the last 5 months

Service use: Live

Length of use: over 1 Year

I am waiting for USGFX to honor my withdrawal requests for EUR 13,000+ from my account number 10043707 since july 2020. They did not sent the funds yet, nor sent me an email with explanations. I strongly advise NOT DEPOSITING WITH THIS BROKER until the withdrawals are made.
  1 trader has found this review helpful
Taiwan, Taiwan, China,
Oct 20, 2020,
Registered user

Service use: Live

Length of use: 6-12 Months

USGFX is one of the best broker I have ever used, the customer service has quick response and withdraw is no problem as well.

Kabul, Afghanistan,
Oct 12, 2020,
Registered user

Excellent service - fast Deposit withdrawals

Service use: Live

Length of use: over 1 Year

More than two years I worked with the broker I'm very satisfied with the services of the broker :))
Withdrawal less than 10 hours by perfect money
Fast and strong support
  1 trader has found this review helpful
台中, Taiwan, China,
Oct 10, 2020,
Registered user

Trading here is actually great 在這交易其實很棒

Service use: Live

Length of use: 6-12 Months

I have been trading here for two years~ There is no problem with deposit and withdrawal
The trading environment and service here have been very good
  2 traders have found this review helpful
Taiwan, Taiwan, China,
Oct 10, 2020,
Registered user

Service use: Live

Length of use: over 1 Year

There are many options for deposit and withdrawal docking platforms, which are much more convenient than other securities firms. The platform customer service Yu letter reply is also very fast. The transaction time is nearly one and a half years, and the functions are getting better and better.
  2 traders have found this review helpful
Taipei, Taiwan, China,
Oct 10, 2020,
Registered user

Good and fast trading environment, no problem with withdrawal.

Service use: Live

Length of use: over 1 Year

I have been trading at USGFX for more than 3 years, and the trading environment has been very good and fast, and there is no problem with deposits and withdrawals.我在USGFX交易3年多了,交易環境一直很好並快速,出入金也都沒問題。
  2 traders have found this review helpful
istanbul, Turkey,
Sep 28, 2020,
Registered user

Fast Paymant

Service use: Live

i withdrawal 10.000$ 24hrs ago and they paid me less than 24hrs . also they have fast order execution and they allowed scalp trading , and these is good for my trading style
  2 traders have found this review helpful
London, United Kingdom,
Sep 11, 2020,


Service use: Live

Length of use: over 1 Year

They will not give you your money. Total scam artists.
Live chat is filled with incompetence and you just get passed around.
  2 traders have found this review helpful

Frequently Asked Questions

What is USGFX?

USGFX is an Australian forex and CFD broker, founded in 2007.

USGFX offers access to trade currency pairs, indices and commodities on MetaTrader 4, 5 and Web Trader.

Is USGFX regulated?

USGFX is headquartered in Sydney, Australia.

USGFX is regulated by the Australian Securities and Investment Commission (ASIC) and holds an Australian Financial Services Licence (AFSL).

How can I open an account with USGFX?

How to open an account with USGFX?

1. Visit USGFX homepage
2. Click on “Open Live Account”
3. Follow the 3-step procedure
4. Submit your personal documents including
  • Front and back copies of effective identity documents with photos, e.g., passport or driver’s licence.
  • Effective proof of address dated in the last 3 months, e.g., utility bills, etc.
5. Deposit Funds by credit card, bank wire and e-wallets

How many types of live accounts does USGFX offer?

Currently, USG offers 3 types of live accounts:

  • Mini Account
  • Standard Account
  • Premium Account

What is the minimum deposit for USGFX?

The minimum deposit varies a bit depending on the account type.

  • Mini Account: the minimum deposit is $100
  • Standard Account: the minimum deposit is $10,000
  • Premium Account: the minimum deposit is $50,000