13 Jul
13Jul

As many of you may have heard, FXCM has been banned from operating in the U.S. after the U.S Commodity Futures Trading Commission (CFTC) found the retail currency broker had an undisclosed interest in the market maker that consistently "won" the largest share of FXCM's trading volume - and thus was taking positions opposite its retail clients.

This revelation has shocked many forex brokers around the world and brings into focus the importance for retail FX traders to carry out their due-diligence when choosing their broker.

It is imperative that traders look for a broker that is not only fully regulated by a major regulatory body, but also has a good track history of full compliance.

USGFX, an Australian based international forex and CFD broker, is not only regulated by the Australian Securities and Investments Commission (ASIC), which is the peak regulatory authority in Australia, but also has a documented track record of compliance and adherence with ASIC’s strict rules, regulations and auditing processes.

With a steadily growing market share around the world, USGFX operates with the ethos that they are more a trading partner to their clients rather than just their broker. That is why they offer safe and secure trading conditions, premium education, unrivalled trading programs, powerful trading tools through Trading Central and round-the-clock client support.

Furthermore, USGFX keeps client funds segregated in a trust account with the Commonwealth Bank of Australia and gives clients the peace of mind of Negative Balance Protection.

So to ensure the stability and compliance of the broker and to ensure that you are well looked after these are all the things that retail forex traders should be looking for when choosing their forex broker (or partner)!

USGFX has twice been named the “Best Forex Broker in Australia” (2015 and 2016) and also the “Best Forex Broker in Asia” (2016) by Forex-Awards.com

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