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USGFX -

Suspicious Clone

Score

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.

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0123456789

/10

The WikiFX Score of this broker is reduced because of too many complaints!

USGFX

Australia|2-5 years|

High potential risk|

http://www.usgfxch.com

Website

Rating Index

Contact

+61 2 9251 1395

support.au@usgfx.com

http://www.usgfxch.com

G03, 135 Macquarie Street, Sydney, NSW 2000, Australia

The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

Market Making(MM)

ASIC Suspicious Clone

Australia Market Making(MM)

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

+61 2 9251 1395

Other ways of contact

Broker Information

More

Company Name

Union Standard International Group Pty Ltd.

Abbreviation

USGFX

Platform registered country and region

Australia

Company website

http://www.usgfxch.com

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3

Previous Detection : 2024-11-16

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

The AustraliaASIC regulation (license number: 302792) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

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Clones

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USGFX · WikiFX Survey

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USGFX · Company Summary

Note: USGFX's official website: http://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.

USGFX Information

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: http://www.usgfx.com

But the actual website of this brokerage firm is “http://www.usgfxch.com/”. The inconsistency makes it obvious that they're providing false licenses to deceive traders.

Is USGFX Legit?

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.

Trading Platform

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.

Negative USGFX Reviews on WikiFX

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.

Review 15

15 Comments

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All(15) Latest Exposure(15)

Unable to log in, trade, or withdraw funds

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. I searched for my previous contact information, and on the 26th I found that the email was returned and I couldn’t contact him. I want to go to Lianzhun International https://www.usgforex.asia/, but I forgot my password. I can’t change the password according to its method, and I can’t withdraw money. My balance is 4936.16USD.

USG is not allowed to withdraw funds

The withdrawal has been delayed for one or two years and has not been resolved, why is it always delaying time! Fooling again and again, delaying again and again

只会哼哼的小猫怪

Felicia, Business director of USGFX International, induced fraud to the customer. The customer did not violate any trading mechanism but tens of thousands of US dollars were wiped out that month and only a few hundred US dollars were left. When withdrawing last couple hundreds dollars, Felicia did not allow withdrawals and said that the withdrawal will only be processed after the deposit. After the deposit, Felicia refused to withdraw again when I applied for withdrawal and asked for another deposit and withdrawal will be processed after new client joined. The total deposit of the month was dozens of times of the withdrawal. Felicia kept denied the request for the last withdrawal after the liquidation. For her own performance, after the customer met the requirements of the platform, Felicia doid not allow the last withdraw and it will not be processed. I had applied to ask the platform query all the deposit and withdrawal data and change the customer service manager. After seeing the query data and the change of the customer manager email, Felicia directly blocked the backstage. Felicia is the management of USGFX International. For the sake of her performance, customers' requests were not process even they met requirements of the platform. Felicia colsed the back office when I did not want to cooperate with her and demanded to change customer service manager. If the management is ike this, the employees below will follow. The final withdrawal will never arrive. I hope that other customers and agents will not trust any promises made by the Taiwan Business Manager of USGFX International and any promises made by the MOGA Taiwan business manager, so to be not deceived.

Felicia, Business director of USGFX International, induced fraud to the customer. The customer did not violate any trading mechanism but tens of thousands of US dollars were wiped out that month and only a few hundred US dollars were left. When withdrawing last couple hundreds dollars, Felicia did not allow withdrawals and said that the withdrawal will only be processed after the deposit. After the deposit, Felicia refused to withdraw again when I applied for withdrawal and asked for another deposit and withdrawal will be processed after new client joined. The total deposit of the month was dozens of times of the withdrawal. Felicia kept denied the request for the last withdrawal after the liquidation. For her own performance, after the customer met the requirements of the platform, Felicia doid not allow the last withdraw and it will not be processed. I had applied to ask the platform query all the deposit and withdrawal data and change the customer service manager. After seeing the query data and the change of the customer manager email, Felicia directly blocked the backstage. Felicia is the management of USGFX International. For the sake of her performance, customers' requests were not process even they met requirements of the platform. Felicia colsed the back office when I did not want to cooperate with her and demanded to change customer service manager. If the management is ike this, the employees below will follow. The final withdrawal will never arrive. I hope that other customers and agents will not trust any promises made by the Taiwan Business Manager of USGFX International and any promises made by the MOGA Taiwan business manager, so to be not deceived.

Felicia, the Business director of USGFX Intertional, scams customer and does not allow to withdraw

Felicia, the Business director of USGFX Intertional, scams customer. The customer did not violate any trading mechanism, but liquidated tens of thousands of dollars in the month and only a few hundred dollars were left. When withdrawing these dollars, Felicia does not allow to do so and saying that withdrawal will only be processed after deposit. After depositing, Felicia refused to withdraw again and asked for another deposit and said that withdrawal will be made after new clients join. The deposit of the month was dozens of times of the withdrawal. Felicia had been refused to withdraw after the liquidation for her own performance. After the customer met the requirements of the platform, Felicia has been stucked with the last withdrawal and withdrawal will not be processed. All deposit and withdrawal data applications are inquired by the platform. After applying for data inquiries in the backg-end and changing the customer service manager, Felicia blocked the back-end after seeing the query data and the email of the changing of the customer manager. Felicia is the management of USGFX International and the request of customer were not processed even they meet all requirement of the platform and even back-end is closed. If the management is like this, the employees will follow this up. Whether it is a client or an agent, the final withdrawal will never arrived. I hope that other customers and agents will not trust any promises made by the Taiwan Business Manager of USGFX International. And any promises made by the MOGA Taiwan business manager, so as not to be deceived.

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