USGFX owner Hein Min Soe has announced his resignation from the board of directors of the company’s FCA licensed arm in the UK.
According to AFCA, Forex Financial Services (IFS Markets) and Union Standard International (USGFX) are the top FX dealers in terms of receiving complaints.
ASIC has announced that it cancels Australian Financial Services AFS licence of Union Standard International Group USGFX.
The Australian court has granted the immediate liquidation order of the administrators for Union Standard International Group Pty Ltd (USGFX).
AtoZ Markets has learned via regulatory filings that embattled Australia based Retail FX broker USGFX will be placed into liquidation.
AFCA has said USGFX clients, whose AFS licence was suspended last month, can still file complaints against the brokerage firm.
ASIC has suspended the AFS licence for Union Standard International Group Pty Ltd which operates as USGFX until September 23, 2020.
Is USGFX UK closing too? Shay Zakhaim, the CEO of Union Standard International Group PTY LTD, exits the broker after 6 years of being in charge.
This morning the Australia based parent of USGFX announced that it has entered “voluntary administration” as of yesterday, July 8, 2020.
ASIC has issued interim asset restraint orders against Corporate Representatives of Union Standard International Group Pty Ltd, who trades as USGFX.