Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
USGFX Pros & Cons
- The leverage is up to 1:500 for most accounts.
- The broker provides trading on desktop and mobile MT4/MT5 trading platforms.
- USGFX offers a wide range of payment systems for depositing and withdrawing funds.
- There are no commissions on withdrawals, upon fulfilment of the minimum trade turnover requirements.
- There are partner programs for retail traders and companies.
- The broker offers bonuses for new and existing clients, and trading contests with cash prizes.
- USGFX provides tools to enhance trading performance such as an economic calendar, Autochartist, and professional analytics.
- There are high spreads on accounts with balances up to $50,000.
- Lack of licensing and oversight from international financial regulators.
- Unfavorable conditions for beginners include the absence of cent accounts, a minimum deposit of $100, and spreads starting from 2.8 pips.
USGFX (United Strategic Group FX) is a broker that offers MetaTrader platforms for trading currency pairs with fiat currencies, Bitcoin, and CFDs on indices and metals. It is registered in Saint Vincent and the Grenadines under 648LLC2020 and operates in strict accordance with international rules governing financial markets. USGFX clients have access to leveraged spot trades, the social trading platform Myfxbook, an extensive education centre, and 24-hour support.
TU Expert Verdict
USGFX carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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USGFX User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of USGFX have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of USGFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, USGFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
USGFX Standard spreads USGFX OANDA FOREX.com EUR/USD min, pips 2.8 0.1 0.7 EUR/USD max, pips 3.5 0.5 1.2 GPB/USD min, pips 3.2 0.1 0.9 GPB/USD max, pips 4.0 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
USGFX RAW/ECN spreads USGFX OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 5 EUR/USD avg spread 1.5 0.15 0.2 GBP/USD avg spread 1.8 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with USGFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
USGFX Non-Trading Fees USGFX OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0-40 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is USGFX Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /10USGFX has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
USGFX Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level SVG FSA
Full Name Financial Services Authority of St. Vincent and the Grenadines Country of regulation St. Vincent and the Grenadines Investor Protection Fund No specific fund Regulation Level Tier-3 USGFX Security Factors Foundation date - Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.6 /10USGFX offers the following account options: Demo, Standard, ECN/Raw spread, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Demo account
- Exclusive VIP account with enhanced trading conditions
- Micro lots are not available
- No Cent account
USGFX account types vs top competitors USGFX Plus500 Trading.com Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP YesNoNoManaged NoNoNoUSGFX accounts trading conditions
USGFX offers Individual, Joint, and Corporate accounts for money management and Mini, Standard, VIP, and Pro-ECN accounts for trading. Mini accounts are not cent accounts, the contract size on them is like on other account types, and they operate in 100,000 currency units. Mini accounts are available only as individual accounts, as all other accounts can also be joint and corporate. Accounts differ in commission sizes and initial deposit requirements.
Account types:
Account Type Description Mini Requires a deposit of $100. Spreads start from 2.8 pips, and leverage is up to 1:500. Standard Spreads start from 2.2 points and leverage is up to 1:500. The initial deposit size starts from $10,000. VIP Requires a minimum deposit of $50,000. Spreads start from 1.3 pips, and the maximum leverage is 1:500. Pro-ECN Spreads start from 1.5 pips and leverage is up to 1:100. The minimum deposit is $50,000. To trade using virtual funds, it is necessary to open a demo account on the MT4 or MT5 platform. You can have multiple educational accounts with a deposit of up to $100,000. Use of the demo account is for 30 days.
USGFX offers a wide range of accounts, so a trader with high and medium levels of preparation can choose the one that suits their strategies and trading goals. At the same time, the broker does not offer cent accounts, which is a disadvantage for both beginners and algorithmic traders using EAs (expert advisors).
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6 /10USGFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
USGFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Minimum deposit below industry average
- Bank card deposits and withdrawals
- No deposit fee
- Bitcoin (BTC) accepted
- Limited deposit and withdrawal flexibility, leading to higher costs
- Only major base currencies available
- BTC not available as a base account currency
What are USGFX deposit and withdrawal options?
USGFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT.
USGFX Deposit and Withdrawal Methods vs Competitors USGFX Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC YesNoNoWhat are USGFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. USGFX supports the following base account currencies: USD, EUR, GBP, AUD.
What are USGFX's minimum deposit and withdrawal amounts?
The minimum deposit on USGFX is $100, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact USGFX’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.3 /10USGFX offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 60 Forex pairs.
- Indices trading
- Copy trading platform
- 60 supported currency pairs
- Limited asset selection
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by USGFX with its competitors, making it easier for you to find the perfect fit.
USGFX Plus500 Trading.com Currency pairs 60 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2800 69 Stocks NoYesNoCommodity futures YesYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesNoStock indices YesYesNoOptions NoYesNoInvestment options
We also explored the trading assets and products USGFX offers for beginner traders and investors who prefer not to engage in active trading.
USGFX Plus500 Trading.com Bonds NoNoNoETFs NoYesNoCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at USGFX by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10We successfully registered an account with USGFX in 10 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at USGFX is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Fast registration time (up to 15 minutes)
- Account approval may require extra time depending on the documentation.
USGFX account opening USGFX Plus500 Trading.com Online Registration YesYesYesMinimum deposit $100 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 10 20 KYC time (days) 2 3 2 Is USGFX available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
A brief guide for creating a user account on the USGFX website:
Clicking on the "Open Account" button initiates the registration process with the broker.
Continue to follow the instructions to create the account. It consists of several stages, such as entering personal and financial information, choosing an account type, answering questions about trading experience, and confirming your email.
Features of USGFX’s User Account:
- Verification by uploading documents..
- Deposit funds into the selected trading account..
Your USGFX user account also provides access to:
- Transfer funds within the account and withdraw funds.
- Create additional accounts.
- Connect to a social trading platform.
- Information on active accounts and previous financial transactions.
- Configure additional security measures during authorization by requesting a security question or confirmation code on a mobile phone.
- Submit tickets to client support.
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Customer Support
Score:We evaluated Customer Support at USGFX by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5 /10Customer support at USGFX is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. USGFX provides basic support functionality but does not stand out in overall service performance.
InformationClient support is available 24 hours, except for Saturdays and Sundays.
- Support is available in 22 languages
- Fast chat operator responses
- Limited choice of communication channels
- Slow response time via email
To contact the broker, you can use the following communication methods:
- Online chat on the website.
- Phone number from the contact section.
- Email.
- Callback request form.
- Tickets in the user account.
There is no form on the company's website to receive a response from a representative via email. Website visitors can leave their phone numbers and email in the online chat, and the contacts will be forwarded to the support manager.
Contacts Registration address United Strategic International LLC, St. Vincent and Grenadines Official site https://www.usgforex.com/ Contacts clientsupport@usgfx.global +61291890223
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FAQs
How is USGFX regulated and what does its safety score indicate for traders?
USGFX is regulated by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), which is classified as a Tier-3 regulator and does not provide a specific investor protection fund. The broker has a safety score of 3.7/10, indicating a low security level in this assessment, although it does offer negative balance protection and requires KYC verification. The foundation date of the company is not specified in this section.
What trading commissions and non-trading fees does USGFX apply to its accounts?
USGFX’s overall fee level is rated as Medium, with a fees score of 6/10, and it is noted for low forex trading fees, tight EUR/USD spreads, and the absence of deposit, withdrawal, and inactivity fees in many cases. On Standard accounts, EUR/USD spreads typically range from 2.8 to 3.5 pips and GBP/USD from 3.2 to 4.0 pips, while RAW/ECN accounts have average spreads of 1.5 pips on EUR/USD and 1.8 pips on GBP/USD plus a commission per lot. Non-trading fees include a 0% deposit fee, 0% withdrawal fee with a possible fixed withdrawal charge between $0 and $40, and no monthly inactivity fee.
What do user reviews and feedback reveal about overall satisfaction with USGFX?
USGFX has a user satisfaction score of 7.3/10 based on 3 reviews, with 33% of ratings at 5 stars and 67% at 3 stars, and no 1- or 2-star ratings. Overall, user reviews are described as mixed, suggesting that experiences vary among clients. Based on available user reviews, the broker receives moderate to positive evaluations rather than consistently high or low scores.
What deposit and withdrawal options does USGFX offer and what feedback-related details are provided about costs?
USGFX supports deposits and withdrawals via bank wire, bank cards, BTC, and USDT, with no deposit fee and a low minimum withdrawal requirement, but it does not support PayPal or Wise and does not offer BTC as a base account currency. The broker provides base account currencies in USD, EUR, GBP, and AUD, and its funding processes are rated with a Medium score for efficiency and convenience. The minimum deposit is $100 and the minimum withdrawal is $1, though the section notes that specific conditions can vary by account type and payment method.
How does the USGFX account opening process work and what key steps should new clients expect?
USGFX offers a fully online account opening process, where registration took 10 minutes and KYC verification was completed within 2 business days in the described test, with a minimum deposit of $100. The process involves entering personal and financial information, choosing an account type, answering questions about trading experience, confirming an email, and uploading documents for verification. Once the user account is created, clients can manage funds, create additional accounts, connect to a social trading platform, review transactions, configure extra security measures, and submit support tickets.
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