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Usgfx
Democratizing Investing: A Revolution in the Making?
Education Center
The Institutionalization of Bitcoin: Effects on Price and
Education Center
Wealthtech and the Democratization of Investing
Education Center
FBS Raffled Mercedes-Benz and Premium Gadgets to Lucky Winners
Thought Leadership
Democratizing Investing: A Revolution in the Making?
Education Center
The Institutionalization of Bitcoin: Effects on Price and
Education Center
Wealthtech and the Democratization of Investing
Education Center
FBS Raffled Mercedes-Benz and Premium Gadgets to Lucky Winners
Thought Leadership
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USGFX
Search for a tag
Retail FX
Union Standard International (Previously USGFX) Loses FCA Licenses
The license was withdrawn on 16 December 2022.
The broker still operates with an offshore license.
Thursday, 29/12/2022 | 10:28 GMT
by
Arnab Shome
Executive Moves
Damian McDowell Steps Down as USGFX-UK CEO
His appointment as a Director ended on Wednesday.
His successor for the role is yet to be named.
Thursday, 17/11/2022 | 08:25 GMT
by
Arnab Shome
Brokers
USG UK Turns Profits in FY21, Generates £1.27 Million in Revenue
The broker was previously operating under the brand USGFX.
It was the first full-year financials from its UK operations.
Friday, 01/04/2022 | 04:28 GMT
by
Arnab Shome
Brokers
USGFX Administrator Receives AU$357 Million in Creditors Claims
Only AU$8 million in broker’s funds are currently available.
The administrator is now attempting to recover the offshore assets of the broker.
Tuesday, 25/01/2022 | 11:56 GMT
by
Arnab Shome
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Brokers
Aussie Dispute Resolution Agency Expels USGFX Membership
The membership was expelled on November 11.
Wednesday, 01/12/2021 | 04:49 GMT
by
Arnab Shome
Executive Moves
USGFX UK CEO Simon Quirke Leaves the Company
Quirke joined the company in 2018 and previously worked at Credit Suisse and Lehman Brothers.
Friday, 25/06/2021 | 16:46 GMT
by
Felipe Erazo
Executive Moves
United Strategic International (Previously USGFX) Owner Rejoins as Director
He previously stepped down from the position of Director last October.
Thursday, 03/06/2021 | 08:46 GMT
by
Arnab Shome
Regulation
ASIC Bans USGFX Director John Martin for 10 Years
He did not have a clear understanding of the compliance rules.
Tuesday, 01/06/2021 | 06:23 GMT
by
Arnab Shome
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Brokers
USGFX Parent Rebrands FX Business to United Strategic International
The group is distancing itself from the tainted USGFX brand.
Tuesday, 04/05/2021 | 10:46 GMT
by
Arnab Shome
Brokers
BRI Ferrier Denies Role in Shutting USG Global’s Bank Accounts
The liquidator earlier said the broker’s shareholders are causing trouble with its investigation.
Thursday, 11/02/2021 | 12:07 GMT
by
Arnab Shome
Brokers
USGFX Assets in Puerto Rico Frozen on Liquidator Request
USGFX accused BRI of abusing their power after they instructed First Bank in Puerto Rico to freeze accounts of USG Global.
Monday, 08/02/2021 | 15:40 GMT
by
Aziz Abdel-Qader
Brokers
Court Justifies USGFX Liquidator’s Move of Not Closing Open Positions
The liquidator did not receive co-operation from the shareholders of the broker.
Monday, 21/12/2020 | 12:02 GMT
by
Arnab Shome
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Brokers
USGFX Vanuatu Faces Troubles in Refunding Aussie Clients
The brokerage is now planning to issue a full refund by March.
Friday, 04/12/2020 | 11:06 GMT
by
Arnab Shome
Brokers
USGFX Owner Hien Min Soe Parts from New London Headquarters
The administrator blamed him for the company’s troubles.
Wednesday, 07/10/2020 | 08:36 GMT
by
Arnab Shome
Brokers
ASIC Cancels AFS Licence of USGFX after Entering Liquidation
ASIC cancelled the FX broker’s licence on the 14th of September 2020.
Friday, 18/09/2020 | 05:52 GMT
by
Celeste Skinner
Brokers
USG UK Confirms Group Headquarters Will Be Moved to London
The headquarters will be moved following the demise of USGFX in Australia.
Friday, 11/09/2020 | 05:29 GMT
by
Celeste Skinner
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Brokers
Court Orders USGFX Enter Liquidation, BRI Ferrier Remains as Liquidators
USGFX applied to the Federal Court of Australia to have an alternate liquidator appointed to the broker.
Monday, 07/09/2020 | 09:32 GMT
by
Celeste Skinner
Brokers
USGFX to Enter Liquidation as Shareholders Remain Unhelpful
The external administrator earlier raised concerns over the broker’s financials.
Monday, 31/08/2020 | 13:17 GMT
by
Arnab Shome
Brokers
USGFX Administrators Have Real Concerns Over True Financial Position
The amount of creditor claims far surpasses what was disclosed in USGFX’s financial records.
Thursday, 30/07/2020 | 07:58 GMT
by
Celeste Skinner
Brokers
USGFX Administrators BRI Ferrier Extend Convening Period
The administrators have been granted an order allowing the extension of the convening period until 18 September.
Tuesday, 28/07/2020 | 10:20 GMT
by
Celeste Skinner
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Brokers
Following USGFX Administration, USG Moves Headquarters to London
The Board of USG has also confirmed the resignation of USGFX’s CEO, Shay Zakhaim.
Tuesday, 21/07/2020 | 06:06 GMT
by
Celeste Skinner
Brokers
ASIC Suspends AFS Licence of USGFX After Voluntary Administration
The AFSL of USGFX has been suspended under section 915B of the Corporations Act 2001.
Tuesday, 21/07/2020 | 00:43 GMT
by
Celeste Skinner
Executive Moves
USGFX CEO Shay Zakhaim Steps Down as BRI Ferrier Took Over
He was in the apex position of the company for almost 6 years.
Wednesday, 15/07/2020 | 12:37 GMT
by
Arnab Shome
Regulation
Breaking: USGFX Enters into Voluntary Administration
BRI Ferrier has been appointed as the administrator.
Thursday, 09/07/2020 | 03:03 GMT
by
Celeste Skinner
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Analysis
Credit Suisse Fined, 24Option Banned From Italy: Editor's Pick
Stay up to date with the most interesting stories in the crypto and FX space.
Sunday, 29/12/2019 | 12:59 GMT
by
Ben Myers
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