USG

USG, short for United Strategic International, is a brokerage that offers forex and CFD trading, though its regulatory status is controversial. The platform provides various account types, utilizes the MetaTrader 4 and 5 trading platforms, and offers competitive spreads. There are multiple deposit and withdrawal methods, but potential fees should be noted. Before choosing USG, investors should carefully assess its regulation and services, prioritizing regulated and reputable platforms to ensure the safety of their assets.

Corporate and Regulatory Information of USG:

USG claims to implement protective measures such as account segregation, liability protection, and purports to be regulated by the Financial Conduct Authority (FCA) under a Straight Through Processing (STP) license number: 798776. However, USG is not currently under effective regulation, lacking oversight from governments and financial institutions. Thus, any investment decision related to USG carries risks. Investors should conduct thorough research and carefully evaluate the associated risks and rewards beforehand. The USG domain was registered on May 3, 2021.

How to Open an Account with USG?

To open an account with USG, please follow these steps:

1. Visit the USG website.
2. Click “Open an Account”.
3. Fill in the registration form, including your first name, last name, and email address.
4. Choose your preferred contact method (phone or email).
5. Decide whether to receive information on upcoming offers.
6. Review and accept the terms and conditions associated with opening an account with USG.
7. Submit the registration form and wait for a confirmation email from USG.
8. Follow the instructions in the confirmation email to complete the account verification process.
9. After verifying your account, proceed to fund your account and start trading.

Account Types Offered by USG:

USG offers five types of trading accounts, each with distinct features and requirements, in addition to a demo account. Here are the details of the various account types:

1. Mini Account
   
   • Minimum deposit: $100
   • Maximum balance: No limit
   • Minimum trade size: 0.01
   • Standard trade size: 100,000
   • Suitable for: Individual accounts

1. Standard Account
   
   • Minimum deposit: $10,000
   • Maximum balance: No limit
   • Minimum trade size: Not applicable
   • Standard trade size: Not applicable
   • Suitable for: Individual accounts, joint accounts, corporate accounts

1. VIP Account
   
   • Minimum deposit: $50,000
   • Maximum balance: No limit
   • Minimum trade size: Not applicable
   • Standard trade size: Not applicable
   • Suitable for: Individual accounts

1. Pro-ECN Account
   
   • Minimum deposit: $50,000
   • Maximum balance: No limit
   • Minimum trade size: Not applicable
   • Standard trade size: Not applicable
   • Suitable for: Individual accounts

Market Tools Offered by USG:

USG offers forex and CFD trading to fulfill the diverse needs of investors. Here are the market tools provided by USG:

Forex Currency Pairs:

USG offers a wide selection of major, minor, and exotic currency pairs, allowing traders to participate in the forex market.

Major currency pairs include combinations like EUR/USD, GBP/USD, and USD/JPY, among others.

Minor and exotic currency pairs offer opportunities to trade less commonly traded currency combinations.

Contracts for Difference (CFDs):

USG facilitates trading in various CFDs, including those on stocks, indices, commodities, and cryptocurrencies.

It provides flexibility and opportunities to leverage price movements across different asset classes.

Trading Platforms of USG:

USG provides extensive access to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. The MT4 platform is a highly acclaimed trading tool suitable for traders of all levels, offering real-time quotes, seamless trade execution, and advanced charting features. Traders can utilize various technical indicators and charting tools for in-depth market analysis and implement automated trading strategies using Expert Advisors (EAs).

Additionally, USG offers the MetaTrader 5 (MT5) platform, which boasts more advanced features, including an enhanced technical analysis system, additional chart time frames, an economic calendar, and market depth features. MT5 provides traders with comprehensive tools to perform thorough market analysis and make informed trading decisions.

Leverage, Spreads, and Commissions of USG:

USG offers multiple leverage options for different account types, including 1:100, 1:200, 1:400, and 1:500. Leverage allows traders to control larger positions with less capital, but it also increases trading risk. Higher leverage offers higher return opportunities, but traders should act cautiously, considering their risk tolerance and trading strategy.

Furthermore, USG offers competitive spreads for various account types, catering to different traders' needs. Spreads, a major component of trading costs, can lower trading expenses when low, favored by cost-efficient traders. Different account types start with spreads from 2.8 pips for a mini account, 2.2 pips for a standard account, 1.3 pips for a VIP account, and 1.5 pips for a Pro-ECN account.

Deposits and Withdrawals of USG:

USG offers various methods for deposit and withdrawal, including bank wire, VISA, Mastercard, Perfect Money, Fasapay, online banking, VoguePay, CoinPayments, and GCPAY. USG typically does not charge a deposit fee, but in some instances, deposit and withdrawal fees may occur. Deposit processing time varies by payment method, from instantaneous to up to 3 business days.

Regarding withdrawals, USG aims to provide fast and efficient processing. Withdrawal processing times vary by method, with instant withdrawals occurring between immediate and 1 business day, while bank withdrawals may take 3-5 business days. Some withdrawal methods may involve fees, such as an immediate to 30-minute withdrawal fee of 0.5%, credit card withdrawals incurring a fee of 1.5% plus $5.00, with a minimum withdrawal amount of $1,500.

Customer Service of USG:

Customers can contact customer service using the information provided below:

Telephone: +61291890223

Email: clientsupport@usgfx.global

Conclusion:

Overall, USG, as a brokerage offering forex and CFD trading, claims to adopt certain protective measures, yet its regulatory situation remains controversial. The platform offers various account types and a demo account, supporting MetaTrader 4 and MetaTrader 5 trading platforms. In terms of leverage, spreads, and commissions, USG provides diverse options and competitively prices them for different investors. In terms of deposits and withdrawals, it offers various payment methods, though certain withdrawals may involve associated fees. Investors should thoroughly investigate USG's regulatory status and services before choosing it, giving priority to regulated and reputable platforms to ensure asset safety. Currently, USG is flagged as "Suspected Fraud" on Traderknows.