Question: How to open USGFX's Forex trading account?
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- How to open USGFX’s trading account?
- Required Documents to open USGFX’s Account
- How to deposit and withdraw funds from USGFX?
- Manage multiple Forex trading account with USGFX
- How to open USGFX’s Demo Trading Account?
- Difference between USGFX Demo and Live accounts
- USGFX Trading Account Type Comparison
- USGFX’s Forex and CFDs Trading Conditions
- Conditions of Stop Loss and Trailing Stop Orders
- Open USGFX’s Forex Trading Account Today
How to open USGFX’s trading account?
Currently, USGFX offers 3 types of live accounts: Mini Account, Standard Account and Premium Account.
Follow the simple instructions below to open an account with USGFX.
- Go to USGFX Official Website.
- Click on “Click Account” to go to the account opening page.
- Fill in your information, user information set-up, personal information and financial information.
- Receive login credentials from USGFX for your account.
- Log in to USGFX’s Client Portal from USGFX Official Website.
- Make a deposit via any methods you like.
- Download USGFX MT4 or MT5. (you can log in to the platform which your account is set up for)
- Log in to USGFX’s trading platform.
- Start trading Forex, Commodities and Stock Indices.
Once your account application has been processed, you will receive a confirmation email that will list your account number, password, and instructions for logging into your account.
Required Documents to open USGFX’s Account
Once you finish opening an account with USG, you have your exclusive login account and password.
Please go to USGFX Official Website, Account, My account, Client Area Login, enter your login account and password to login to your client area.
Then go to My Account, Upload Account Opening Documents to upload your documents for your new account.
If all your utility bills are not in your name, you may send USGFX a recent bank statement as your proof of address.
How to deposit and withdraw funds from USGFX?
To make a deposit to USGFX, please go to USGFX Official Website and click on “Deposit” or log in to USGFX’s Client Area, go to “Deposit”, “Deposit Register” to register the amount of money you would like to deposit and the method of deposit and then submit it.
USGFX accepts credit cards as the deposit/withdrawal method for the accounts.
Once USGFX receives your request and confirms the deposit with the bank, USGFX will transfer it into your MT4 account.
If you choose to wire funds, please go to a bank to transfer the funds and then scan your remittance receipt.
When you go on USGFX Official Website to register your deposit, please upload the remittance receipt to save working days of confirming with the bank.
To withdraw funds from USGFX, please go to USGFX Official Website, log in to Client Area, go to “Withdraw Funds” to register withdrawal to fill in the related bank information and then submit it.
Once USGFX receives your request and confirms it, they will transfer the money to you.
Log in to USGFX Official Website
Manage multiple Forex trading account with USGFX
You can open multiple accounts with USGFX.
To open multiple trading accounts, you may go to USGFX Official Website, then proceed to “Resources”, “Charts” to download “application form for USGFX multiple accounts.”
After you print out the form and fill it out, you need to sign it personally and then scan it to upload it at USGFX Official Website, go to “Account”, then log in to Client Area, and proceed to “Upload Account Opening Documents” and “Other documents”.
Once USGFX receives it, they will open the accounts as you require.
After the accounts are opened, USGFX will inform you of each login account and password for each account through emails.
After you deposit funds to your accounts, USGFX will help you activate your MT4/MT5 accounts.
The MT4 trading history will be automatically archived after an account is inactive for more than 6 months.
If you would like to re-activate your account or retrieve your trading history, please contact USGFX’s 24-hour live chat or write to USGFX’s service desk.
Then USGFX will re-activate your account in one business day.
How to open USGFX’s Demo Trading Account?
To open a demo trading account, please USGFX Official Website and click on “Demo Account” to open a demo account.
The demo accounts are a great way for you to feel what live trading is like.
USGFX wants potential customers to feel comfortable trading in the forex market before taking risks and placing real money in an account.
You may register a demo account to practice trading so you are able to have better trading experience in the future.
A demo account is good for 30 days, beginning the first day of sign-up.
On the 30th day, your account will become inactive.
If you require additional time before opening a live account, you may register for more than one demo account on USGFX’s platform.
Difference between USGFX Demo and Live accounts
The difference between a demo account and a live account is that with a demo account clients trade with virtual money, not real money.
A demo account is a virtual online forex trading account, or a practice account, to practice trading strategies or to test the trading platform.
The so-called “demo” means that the funds in the account are virtual.
Apart from this, the currency quotes, charts, and analyses are similar to a live account.
A demo account is free to open and it remains active for 30 days.
Quotes and spreads might differ in a live account and a demo account.
This is because the dynamic effect in a real market is different from what it is like in a demo account.
Therefore, quotes from banks might differ.
Real prices are in accordance with quotes in a live account whereas trading in a demo account is simply for new users to practice.
The quotes might be delayed.
USGFX Trading Account Type Comparison
With USGFX, you can trade various Forex currency pairs such as GBP/USD, USD/JPY, EUR/USD, USD/CHF, EUR/GBP, USD/CAD, EUR/CHF, GBP/JPY, AUD/USD, CHF/JPY, EUR/AUD, GBP/CHF, AUD/JPY, CAD/JPY and also CFD of Stock Index and Commodities.
The condition of Forex and CFD trading is different depending on the account type you choose.
See the table below for the comparison of USGFX’s all trading account types.
| USGFX’s Account Types | Mini | Standard | VIP | Pro-ECN |
|---|---|---|---|---|
| Required Minimum Deposit | $100 | $10,000 | $50,000 | $50,000 |
| Maximum Deposit Amount | Unlimited | Unlimited | Unlimited | Unlimited |
| Minimum Spread | 2.8 pips | 2.2 pips | 1.3 pips | 1.5 pips |
| Minimum Trading Volume | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots |
| Maximum Leverage | 1:500 | 1:500 | 1:500 | 1:100 |
| Available | Individual | Individual, Joint, Corporate | Individual, Joint, Corporate | Individual, Joint, Corporate |
On USGFX MT5 and MT5, the spread of major currencies is the smallest in the industry.
However, when markets are in volatile fluctuations or when market trading is light, the spread will change as the market goes.
USGFX’s Forex and CFDs Trading Conditions
The minimum trading lot size is 0.01 lot.
USGFX allows any kinds of trading strategies on its MT4 and MT5 trading platforms, including hedging, arbitrage, and also scalping.
On USGFX MT4 and MT5, there are no time limits for holding a position, however, when you hold a position past the closing time of a trading day (summertime: Beijing time 5:00; wintertime 6:00), USGFX will automatically carry your position onto the next trading day.
Since all trades made with the USG is not delivered (no actual transaction has taken place), all positions held overnight must be carried forth onto the next trading day.
USGFX’s margin ratio is set to exercise a Margin Call when the percentage is under 100%.
For example, a client possesses 10,000 margins in USD, the leverage ratio is 1:100, the client opens a position of 1 lot at USD/JPY, the margin required is USD 1000, it’s margin ratio is around 1000%; if the market goes against user’s position and the margin ratio dropped to equal or below 25%, USGFX’s system will automatically offset user’s all position at a reasonable price.
Conditions of Stop Loss and Trailing Stop Orders
The purpose of giving certain orders (e.g. “stop-loss” or “stop-limit”) is to contain the loss at a certain amount, and it may not always be effective, because market conditions or technological limitations may mean that USGFX is unable to enforce such orders (in particular, when the market prices fluctuate quickly).
A Stop order is a pending order when the price touches the order price; the stop order becomes a market order, therefore when the market price fluctuates rapidly (before and after major data release), although there are stop orders, it is still possible to execute at the market price due to drastic fluctuations of the market price.
We recommend that traders evaluate the risks of placing orders before major data releases.
USGFX MetaTrader platform requires users to define their trailing stop-loss function; the setting value is saved on the customer’s computer but not on USGFX servers.
If customers shut down their system or disconnect from the server, the trailing stop-loss function will not execute.
Therefore, if users activate the trailing stop-loss function on MetaTrader, it is vital not to shut down the system.
Open USGFX’s Forex Trading Account Today
To open a live trading account with USGFX please go to USGFX Official Website, click on “Open Live Account” and simply follow the 3-step procedure.
It should only take a few minutes to complete.
Then you must verify your account opening information in accordance with the law and regulations, and USGFX must require you to provide the following information:
- Front and back copies of effective identity documents with photos, e.g., passport or driver’s license.
- Effective proof of address dated in the last 3 months, e.g., utility bills, etc.
Then finally you can deposit funds.
USGFX offers clients 3 secured and convenient ways to deposit: by credit card, by bank wire, and by e-wallets.
