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USGFX Fees and Spreads

USGFX Fees and Spreads

 

Overall Rating

4.7/5

Rated #314 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA

📱 Trading Desk

No dealing desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

USGFX spreads start from 1.3 pips, more information on commissions can be obtained from the customer support service. USGFX has no further hidden fees like deposit fees, withdrawal fees may be charged, for example, credit cards. USGFX does not document any inactive fees.

Finding a reputable list about USGFX Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below are an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

USGFX’s Mini Account spreads start from 2.8 pips on EUR/USD. The Pro ECN Account and the VIP Account have spreads that start at 1.5 pips and 1.3 pips, respectively.

Fees, spreads, and commissions mentioned on the company spread list that traders can expect when trading with USGFX are as follows:

  • USGFX covers all deposit fees but withdrawals may be charged.

 

Additional Trading Fees

 

When trading financial instruments such as forex, traders can expect that overnight fees or swap fees may be charged when positions are held for longer than a trading day.

USGFX does not make provision for an Islamic Account for Muslim traders who follow the Sharia Law and is thus prohibited from earning or paying interest where the holding of open positions is concerned.

The USGFX support team can also advise whether spread betting is allowed and what spread betting fees could apply.

 

Overall Rating

4.7/5

Rated #314 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA

📱 Trading Desk

No dealing desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

 

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. Also, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

There are no further hidden fees like deposit fees.  Withdrawal fees may be charged, for example, credit cards may incur a 3.5% fee and Skrill or Neteller will add on 1.5%. Fees from financial institutions may be applicable too.

 

Pros and Cons

✔️ PROS ❌ CONS
No deposit fees charged Withdrawal fees may be charged.
Can trade on MetaTrader 4 and 5. No Stocks and soft Commodities
ASIC requires segregated client accounts. Advertised spreads are higher than most.
Personalized coaching via USGFX Traders Club education program. Limited range of instruments
High minimum deposit

 

You might also like: USGFX Account Types

You might also like: USGFX Demo Account

You might also like: USGFX Minimum Deposit

You might also like: USGFX Sign Up Bonus

 

FAQ’s

 

How many instruments can I trade with USGFX?

You can trade several different instruments with USGFX, which include the following:

  • Currencies: (40+)
  • Cryptocurrencies: (1) Bitcoin
  • CFD: (10+) Gold, Silver, Stock Indexes, Oil

 

 Which platforms are supported by USGFX?

USGFX provides the following popular trading platforms:

  • MT4,
  • MT5,
  • WebTrader
  • ZuluTrade
  • MyFXBook

 

Does USGFX offer leverage?

Yes, USGFX offers maximum leverage of up to 1: 500.

 

What spreads can I expect with USGFX?

USGFX offers variable spreads on its various accounts. Spreads for the Mini Account start at 2.8 pips which are high compared to that offered by other brokers.   More information can be obtained from the customer support service.

 

Does USGFX charge commission?

More information on commissions can be obtained from the customer support service.

 

Are there additional charges on the Islamic account?

Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees.

New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.

 

Is USGFX regulated and by whom?

USGFX is regulated by the Australian Securities and Exchange Commission and Australian Financial Services.

 

Is USGFX a recommended forex trading broker for experts and beginners?

USGFX offers the best trading environment for all types of traders.

 

What is the overall rating out of 10 for USGFX?

7/10.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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