Union Standard Group is one of the most significant foreign exchange brokers in the Pacific Rim. It is commonly called USGFX and it comes from Australia. It is already more than a decade since the company opened its doors for business. Fortunately, it is still holding on to its motto of “becoming the most trusted and respected Forex broker in the world.”
From the day the firm was established, it has grown fast and created regional offices in different countries like Hong Kong, Shanghai and Auckland. Union Standard Group has been approved and regulated by Australian Securities and Investment Commission. ASIC is an agency that is popular for being strict; similar to other agencies like CFTC in the US and FCA in UK. It is different from other Forex brokers, as it’s created as a state-of-the-art telecommunications network. It has direct interbank server connections in Hong Kong, London and New York. The firm is not a traditional Forex trading one, as it acquires the ability to trade CFD derivatives in commodities and indices, and includes one more additional attraction. USG FX is licensed in both Australia and New Zealand.
Why trade at USG FX?
- USFGX distributes the deposits of clients at a major local bank like the Commonwealth Bank of Australia.
- Features a free demo account aside from the three types of accounts, that can be chosen by clients.
- Offers two higher level accounts that are specifically suitable for professionals and corporate clients.
- Minimum deposit of $100 on standard accounts. Each account includes a free personal Account Manager in order to secure a wonderful and enjoyable trading experience.
- Bank wires and credit cards are preferred when clients make a deposit. However, there are some other supported options for payment.
- Leverage can take from 100:1 and can reach up to 500:1 as spreads are very competitive.
Platform Specs and Technology
The firm is an STP or ECN shop and popular as a market maker. The former business model is being compared with the upper scale VIP and Pro-ECN account.
The platform is only one click, as USFGX widespread is using optic fiber and high-speed technology, that makes it possible to instantly order an execution. However, re-quotes and slippages are very rare.Social trading and automation are also supported. A complete package offers market commentary, broad-based learning center and extensive support materials with an additional 24 hours customer service.
Unfortunately, US clients are not accepted.