FOREX.com vs USGFX Comparison

FOREX.com vs USGFX Comparison

FOREX.com vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50MT4, Advanced Trading Platform, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA
$100MT4, MT560+ASIC

FOREX.com and USGFX Comparison

FOREX.com offers MT4, its user friendly Web Trader and its Advanced Trading Platform which has programmable charting signals. USGFX provides MT4 and MT5, the successor to MT4. Both brokers support automated trading. FOREX.com has more markets overall to trade.

Both are regulated by the ASIC in Australia. FOREX.com is additionally regulated by the FCA in the United Kingdom, the CFTC in the United States, the IIROC in Canada, the sFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan.

Quick comparison

FOREX.com provides trading on MT4, a downloaded Advanced Trading Platform, a web trader and apps. USGFX is an STP/ECN broker offering trading on MT4 and MT5 and apps.

Minimum deposit and account types

The minimum deposit for FOREX.com is $/€/£50. The minimum deposit for USGFX is $100.

  • FOREX.com offers Forex and CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest available on the VIP account. UGSFX support social and copy trading via ZuluTrade and Myfxbook. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which offers trading ideas), analysis, an economic calendar and an Education Center on its website with webinars, seminars, a trading guide and Blog and contests. A minimum deposit of $10,000 provides access to the Trader's Club which offers features including personalised coaching, market research and commentary, premium trading tools and services and structured education.

Markets

  • FOREX.com offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 300+ available.
  • USGFX offers Forex, Indices, Energy, Metals and Cryptocurrencies, with 60+ available.

Cryptocurrency CFDs

  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
  • USGFX offers Bitcoin.

Spreads and leverage

FOREX.com offers Forex spreads from 0.8. USGFX provides Forex spreads from 1.3.

The maximum leverage for FOREX.com (FCA regulated) is . USGFX's maximum leverage is 500:1, except on the Pro-ECN account where it is 100:1.

Online trading platforms

FOREX.com offers the Advanced Trading Platform, Web Trader, MT4 and apps. USGFX offers MT4, MT5 and apps.

Why FOREX.com or USGFX ?

Traders who want to trade on MT4 may do this at either broker. Those who want to trade on MT5, the successor to MT4 can find this platform at USGFX. FOREX.com additionally provides its Advanced Trading Platform which lets the trader use and build charting signals, and its user friendly Web Trader. USGFX is an STP/ECN broker, but traders can use EAs (online trading robots) at either broker. FOREX.com has more markets to trade overall.

Comparison summary

  • Both brokers provide CFD trading
  • Both offer MT4
  • FOREX.com additionally provides its user friendly Web Trader
  • FOREX.com additionally offers its Advanced Trading Platform
  • USGFX additionally provides MT5

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