USGFX Receives Another License


The USG Group has several regulations of the financial authorities including FCA and VFSC. These licenses allow it to conduct various financial and investment services, including CFDs trading.

In connection with the announced bankruptcy of the Australian division of the company earlier this year, the Australian Securities and Investments Commission (ASIC) suspended its license because USG AU is under external administration.

However, USGFX has established a new subsidiary in South Africa named Union Standard International Group (Pty) Ltd. The company has applied for and received a license for Financial Service Provider (FSP) by the South African financial body FSCA.

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