Exclusive: USGFX UK loses FCA license
The USG Group is best known in the FX and CFDs sector for the bankruptcy of its then-main operating arm USGFX in Australia in mid-2020.
The USG Group is best known in the FX and CFDs sector for the bankruptcy of its then-main operating arm USGFX in Australia in mid-2020.
Damian McDowell joined USGFX-UK just over a year ago as CEO, after serving as the CEO of TIO Markets UK.
Damian McDowell replaces Simon Quirke, who led USGFX-UK as CEO since 2018 until resigning earlier this year.
The group’s offshore website has been changed from usgfx.global to usgforex.com, as the company looks to drop the “USGFX” brand.
Following the collapse of USGFX Australia, the USG Group stated that it would make London the new headquarters for USGFX.
The move comes as USGFX / Union Standard is in process of relocating its global headquarters and the nexus of its operations to the UK.