ASIC secures regulatory proceedings against USGFX representatives LeapRate

December 23, 2019 BY Mariela Naydenova

ASIC secures regulatory proceedings against USGFX representatives

The Australian Securities & Investments Commission (ASIC) has announced that the Federal Court in Sydney has issues asset restraint orders against Corporate Authorised Representatives of OTC derivatives provider USGFX, or Union Standard International Group Pty Ltd. ASIC has sought to issue the restraint orders in order to protect customers while an investigation against USGFX is underway. The Federal…

November 19, 2018 BY LeapRate Staff

Exclusive: Australia Retail FX broker USGFX gets UK FCA license

LeapRate Exclusive... LeapRate has learned that ASIC licensed Australia-based Retail FX brokerage group USGFX has taken a major step toward Europe, setting up a UK subsidiary called Union Standard International Group Limited (we'll call it USGFX UK). The company had applied for and received an FCA license for USGFX UK, which became effective on November 5.…

July 30, 2017 BY LeapRate Staff

Forex Industry Week Review: Binary Options lawsuits, FX broker China employees held hostage, and lots more…

In one of the more interesting Forex Industry News weeks of the year, we reported on angry clients taking employees of a Forex brokerage hostage in Shanghai - an episode which lasted a full five days. We also had more standard stuff - FX broker results and analysis, a major Forex Sports Sponsorship announced, management…

July 24, 2017 BY LeapRate Staff

Australian FX broker USGFX China office raided, employees held hostage, ASIC monitoring

In a dramatic hostage situation now entering its sixth day, Chinese clients of Australia based retail FX brokerage USGFX continue to hold a number of the company's employees as hostages, barricaded inside USGFX's Shanghai offices. Somewhere between 30 to 50 USGFX clients entered the offices last Wednesday, demanding the return of about $2.6 million in…

August 05, 2016 BY Valentina Kirilova

ASIC regulated broker USGFX integrates PsyQuation behavioral profiling based trading tool

The Australian forex broker USGFX has announced that it has partnered with PsyQuation, a developer and provider of behavioural analytical software, to give traders valuable insights into their trading patterns and habits. PsyQuation offers a state-of the-art alert system designed to help forex traders maximise profits by eliminating costly trading mistakes. It provides traders with a visual…

Tag: USGFX