USAA Guide – Read our In-Depth USAA Review
USAA Rating: 4.53 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This USAA review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this USAA review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm of trading and broker, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You'll get proficient at all of the concepts of brokerage as you keep trading. For starters, you have to select the ideal agent who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program will create hefty returns. USAA is one such platform which will take you along with your investment into great heights. It's important that you know about USAA before you trust them with your money.
USAA Guide – Brief Summary
USAA Telephone Number:
USAA Email Address:
Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA)
Number Of Clients:
10,000+ USAA users and traders
USAA Facebook Likes:
USAA Twitter Followers:
USAA Instagram Followers:
Your capital is at risk
|USAA Telephone Number:|
|USAA Email Address:|
|Regulated By:||Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA)|
|Number Of Clients:||10,000+ USAA users and traders|
|USAA Facebook Likes:||0|
|USAA Twitter Followers:||0|
|USAA Instagram Followers:||0|
Your capital is at risk
Our entire USAA Review covers all you need to learn about trading with USAA. A fantastic broker can multiply your first investments and give you positive profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing objectives.
There is no sure-fire way to guarantee profits; thus, you must carefully analyze your agent before you choose them. It's a frequent misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
USAA is a broker that has forged its way successfully into the broker world. Within this review, we've tried to collate some of the important aspects of USAA. This review will allow you to know whether USAA is a fantastic match for your investments or not. We've tried to breakdown all of the qualities and charges for your convenience.
USAA Review, Table Of Contents
- Who are USAA?
- Benefits Of Trading With USAA
- Everything you should know about trading with USAA
- Is USAA Safe To Trade With?
- USAA Risk Disclaimer
- Pro's & Con's Of Trading With USAA
- Compare Brokers Similar To USAA
- Regulation And Licencing In More Detail
- USAA Awards
- Minimum Deposit Required For A Live Account With USAA
- USAA Commission And Fees Explained
- Compare broker fees against USAA
- USAA Withdrawal Fees Explained
- USAA Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With USAA?
- USAA Customer Support
- Alternatives To USAA
- Frequently Asked Questions About USAA
Who are USAA?
USAA is a forex broker headquartered in United States and provides a variety of instruments for trading. Since its start in 2008, USAA has emerged as a top player in the industry of online brokerage. USAA includes a highly competitive and full-featured trading website that is focused on forex, indices, metals, stocks and commodities.
Over the past 13 years, USAA has grown into one of the leading online brokers.
After launching in 2008, their client base has become as big as 10,000+ clients.
USAA is the favourite for many traders.. Our USAA review discovered that they are an excellent alternative for automated trading solutions. It's best suited for investors who are looking for an assortment of assets. Social and automated trading solutions are the core at USAA.
Technology plays a substantial role in USAA. USAA features trading on MT4 ,Android,iPhone,Mac. USAA is fair, transparent, and a well-regulated broker by the Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The trader resource department at USAA is very enlightening for new dealers as it allows them to have a closer look at the financial markets. USAA caters to all types of traders and are a must-have broker for almost any well-diversified method of trading.
If you feel that USAA is not right for you then at the bottom of this USAA review you wil find a lot of alternatives to USAA.
Everything you should know about trading with USAA
USAA is a dynamic platform that offers various techniques of trading. These tools cover the monetary markets substantially. Most of the broker platforms provide fewer procedures than USAA
If you want to exchange with USAA, you will need a minimum deposit of $25. This deposit is compulsory if you want to begin trading using USAA. This 2021 USAA review will guide you easily about trading with them.
USAA is as flexible as another broker platform. USAA is great for traders who want a manageable selection of low-cost services. The platforms provided by USAA are third party, white-label offerings. All traders can select out of MT4 ,Android,iPhone,Mac.
Together with everything, USAA has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade must be kept available. The brokers offer premium client service that rewards customers with benefits.
Many unprofessional brokers attempt to pressurise users into larger funding for superior services. USAA, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the more benefits will come along.
USAA accounts are available globally and provides outstanding service wherever they have clients. There are some select few countries where USAA accounts are not available. Traders in the following countries cannot open or use a USAA account:
BR, KR, IR, IQ, SY, JP, US
Is USAA Safe To Trade With?
Established in 2008, USAA has been operating for 13 years, they are headquarted in United States.
USAA is regulated by Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA). These bodies have rules that mandate that trading platforms have measures in place to maintain investor's resources secured. This means that USAA users don't need to worry about their money since it is segregated and safely kept in established banks. SSL encryption simplifies each user's personal information also.
You are able to make use of a choice for Two Factor Authentications (2FA) with USAA for increased safety. An SMS with the verification code will be sent to your phone. You will be asked to input this code to log in to your account.
Another concern with financial brokers is in respect to security may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is more prevalent in the case of Market Maker brokers who compete with customers on the platform.
USAA Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With USAA
Every online trading platform has a few ups and downs, and no USAA review would be complete without showing both sides. This USAA review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- USAA is trusted by 10,000+ clients
- USAA has low minimum deposit requirements
- USAA doesn't charge inactivity fees
- USAA doesn't charge CFD fees
- USAA offers social trading
- USAA offers trailing stop
- USAA offer trading on MT4 ,Android,iPhone,Mac
- USAA offer 242 trading instruments
- USAA can communicate in English, and Chinese
- USAA does not offer Negative Balance Protection
- USAA does not offer Guaranteed Stop Loss
- USAA charge withdrawal fees
- USAA charge deposit fees
- USAA doesn't trade major forex pairs
- USAA doesn't trade minor forex pairs
- USAA doesn't trade exotic forex pairs
- USAA doesn't offer trading on cryptocurrencies
- USAA doesn't offer copy trading
USAA Review - Compare Brokers Similar To USAA
|Rating||4.53 / 10||6.2 / 10||5.6 / 10||4.38 / 10|
|Headquarters||United States||GRENADINES||Malta||United States|
|Regulated By||Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F285||Malta Financial Services Authority (MFSA), CySEC. Licence No.: 165/12, FCA, HKMA||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Between 74-89% of retail investor accounts lose money when trading CFDs.||Your capital is at risk|
USAA Review - Regulation And Licencing In More Detail
USAA is regulated by Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA).
USAA, as a company, has a strong collection of rules for ensuring honest trading on its platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
USAA Review - AwardsAt the time of writing this USAA review, and despite USAA’s impressive offering, the company has surprisingly not garnered any other awards to date.
USAA Trading Platforms
USAA are a trustworthy broker that has been open for over 13 years. They offer a wide range of options in their customer accounts.
Below we take the main parts of any professional brokerage and compare USAA against ninjatrader brokerage, Exante, and Coinbase
USAA Review - Minimum Deposit Required
The minimum deposit that you need to begin on USAA is $25. This is an adequate amount for those just starting out. It's possible to make more advanced residue as you go along. However, make certain you know how to make the most of your cash before investing larger sums.
USAA Review - Commission And Fees Explained
USAA is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an online broker is not necessarily influenced by the amount of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily three different types of fees for this objective.
The first sort of fees to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In such instances, you're spending a spread, funding rate, or even a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are those that are billed when you maintain a leveraged position for more than a day.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake in your account. They are billed for operations like depositing money, not investing for lengthy periods, or withdrawals.
In general, USAA does not charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who regularly exchange, for example weekly or daily trading.
However, non-trading fees billed by USAA are relatively lower. Consequently, you're billed more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't related to the sale and purchase of resources.
This USAA review breaks down every one of the relevant non-trading charges for you in detail.
Compare broker fees against USAA
USAA Review - Withdrawal Fees Explained
USAA charges a withdrawal fee when you create a bank transfer. Each time you move money into your bank account, these withdrawal fees become important.
Withdrawal of cash is possible at any moment from your USAA account. It's possible to withdraw up sums to the sum of your account balance, keeping aside the perimeter utilized. One thing to remember is that you don't always have to have any money on your accounts.
In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn money will be sent into the card. USAA will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're opting to draw in.
USAA Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your mind while open an account with USAA. An inactivity fee is an amount charged to registered traders who haven't participated in buying or selling for some time. The period considered inactive is determined by the broker.
The inactivity fee differs from one agent to another and isn't generalized. If a traders account doesn't have a purchasing or selling trade, it is maintained by the agent as an inactivity fee. The traders need to pay this fee under terms and conditions that they had consented while enrolling.
USAA doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees are indicated by USAA, it's best that you close the account if you're inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you've selected. The inactivity fee is subjected to many conditions and should be revealed clearly by the agent beforehand.
USAA Review - Deposit Fees Explained
When you move money into your trading account from the bank account, a deposit fee can be charged by the broker. Most brokers do not charge an excessive amount of money for this operation.
USAA charges a deposit fee for transferring money into your trading account.
Depositing money on the USAA trading platform is simple. You simply have to complete a single-user profile survey to begin depositing money into your trading account. You'll have to provide an identity evidence and evidence of residency to deposit substantial sums.
USAA Review - Compare Broker Deposit Methods
What Can You Trade With USAA?
Note: USAA provides a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may be different based on the country of residence of the client.
USAA has a wide variety of over 242 instruments available for you to trade with.
If trading currency pairs is of interest to you then USAA offer over forex pairs.
Compare USAA, ninjatrader brokerage, Exante & Coinbase below.
Reviewing The USAA Mobile App
Note: USAA's mobile app has many functions and is being constantly developed. What follows was accurate at the time of writing this USAA review.
Understand the capabilities of the mobile apps of USAA, ninjatrader brokerage, Exante & Coinbase below.
USAA Customer Support
For this USAA review we understood the options for customer service, response times and the USAA trading platform problem solution effectiveness. USAA supports a wide range of languages, including English, and Chinese.
USAA Live Chat Support
We tested the experience with the USAA and it worked flawlessly. We made a request to USAA livechat through their app and website and recieved a response in less than 20 seconds. Sometimes , there was no response.
We tested communicating with USAA support in multiple languages and in various countries. USAA were successful in resolving client's concerns.
USAA Phone Support
We phoned USAA and the call was answered very quickly. We were able to have the call answered within less than 5-10 minutes.
The USAA phone support team was able to successfully address our queries and problems on the phone. We tried the multilingual USAA team by making calls in various languages. USAA made efforts to ensure that our questions were addressed.
Overall the phone support from USAA was okay.
USAA Email Support
We sent several email to USAA and the response times were all satisfactory. The fastest email response time from USAA was 4 hours while the slowest response was 12 days! Sometimes , there was no response. Support response times may vary depending on what is needed from USAA, however, we've had the experience of sending 10 emails at varying times.
The team was able to resolve and answer our queries. Average email support from USAA was very good.
Alternatives To USAA
If, after studying this USAA review, they do not meet your requirements check out these USAA alternatives.
We have scoured the internet to find the best alternatives to USAA. Click on the links below to find out more.
Frequently Asked Questions about USAA
Can I try USAA before I buy?
Yes, you can most definitely try USAA before you buy. USAA offers demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up for a demo account on USAA, you may set out using a decent amount of virtual money. It is to establish a feeling of security and confidence in you until you decide to spend your own money.
With this digital USAAdemo account, you can experiment in any way, to whatever period you desire. You might even open positions, test different trading approaches, and much more.
USAA specifies on its official website which you are able to exchange real time stocks with your demo account.
Is USAA safe?
It is possible to drop all of your worries because we believe that USAA is completely safe to use. It is in compliance with all the principles of Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA).
Even so, USAA doesn't provide assured stop-loss protection.
Why does USAA ask for my passport?
The reason that USAA asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, USAA has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, USAA must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with USAA?
The process to start trading withUSAA is perhaps simple enough to be a cakewalk. You need to begin by signing up on the USAA website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with USAA is $25. You should have a good understanding of the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with USAA.
The best way to kickstart your trading career with USAA is to open a demo account facility before risking any real money
What funding methods do USAA accept?
There are a number of ways to fund your account with USAA. The process is effortless and quick, with various payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must bear in mind that PayPal isn't available in all place. The currencies USAA
Is my money safe with USAA?
Yes, your cash is safe and secure with USAA. As you know, USAA works with proper conformation to. It's established lots of measures to protect all of its investors.
USAA safeguards its customers' personal and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further protect your account, it is possible to enable Two-Step Verification as well. It requires an SMS affirmation that you get your accounts.
Is USAA trading good?
Yes, trading through USAA is a pleasant and decent experience indeed. It is an excellent and intuitive platform with useful features for your ease. Moreover, you can even obtain access to a huge selection of educational tools and assistive substance to kickstart your trading expertise.
If you remain skeptical, it is possible to start a eToro demo account and evaluate the trustworthiness of the platform on your own.
Which Countries does USAA support?
USAA operates across the globe. However, due to regulations there are some countries that USAA do accept clients from BR, KR, IR, IQ, SY, JP, US
Is USAA legit?
USAA is a legit company headquarted in United States since 2008. They are regulated by Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA). USAA is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is USAA a good broker?
USAA is an excellent broker, and its own users may vouch for this. The highlight of this platform is its fast order execution on transactions.
You'll discover the clean design of this platform and the commendable features that a pleasure to work with.
Is USAA a trustworthy broker?
Yes, USAA is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for USAA?
The minimum deposit to open a live account with USAA is $25
How long do USAA withdrawals take?
Normally, withdrawal of money from USAA is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from USAA to show in your bank account.
Are USAA regulated?
USAA are regulated by Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA)
Is USAA a market leading broker?
USAA is currently among the business leaders. It has over 10,000+ registered users and over 13 years of experience on its own record. They are among the world's top trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad range of tools plus resources so that you may put money into capital markets.
Is USAA a con?
No, USAA is not a con. They are regulated by Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA) and must adhere to their rules. Thus, it is safe to say that USAA is not a scam.
Can you make money with USAA?
Through USAA, many traders earn a lot of cash. However, typically, through continual trading, you can create between 2% - 10% profit a month.
This may seem to be a small number, but over the year, this adds to a substantial amount of gains. While USAA provide you all of the tools to earn money, they cannot guarantee that you will profit.
Does USAA have fees?
Yes. To start trading with USAA, you have to deposit $25. Particular commissions while trading additionally apply. Any processing fees from your bank might have to be incurred by you.
When was USAA founded?
USAA was founded in 2008 in United States. USAA is regulated by Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA).
How many people use USAA?
USAA is a worldwide recognised agent with 10,000+ customers.
Where is the USAA head office?
USAA has its head office in United States
Does USAA offer negative balance protection?
No. USAA does not offer negative balance protection. If your balance is unfavorable, USAA indicates you promptly contact client services. With this, you can fix any imbalances within your own account.
Does USAA offer guaranteed stop loss?USAA unfortunately, does not offer guaranteed stop loss. USAA gives a chance to its dealers to close their trade in their specified price. Aside from that, USAA doesn't offer guaranteed stop loss.
Does USAA allow scalping?Yes, USAA do permit scalping. Many traders across the world choose USAA due to their scalping services. They offer trading on MT4 ,Android,iPhone,Mac which allow this.
Does USAA allow hedging?
Yes, USAA does allow hedging.
Can you trade energies with USAA?
No, unfortunately you cannot trade energy stock with USAA
Can you trade agricultural shares with USAA?
No, unfortunately you cannot trade agricultural stock with USAA
Can you trade cryptocurrency with USAA?
No, unfortunately you cannot trade cryptocurrency with USAA
Can you trade metals with USAA?
No, unfortunately you cannot trade metals with USAA
Can you trade UK Shares with USAA?
No, unfortunately you cannot trade UK shares with USAA
Can you trade US Shares with USAA?
No, unfortunately you cannot trade US shares with USAA
Can you trade Japanese Shares with USAA?
No, unfortunately you cannot trade Japanese shares with USAA
Can you trade German Shares with USAA?
No, unfortunately you cannot trade German shares with USAA
Does USAA accept bank transfers?
Yes, USAA accepts bank transfers for depositing money.
Does USAA accept credit cards?
Yes, USAA accepts credit cards for depositing money.
Does USAA accept PayPal?
No, USAA does not accept PayPal.
Does USAA accept Skrill?
No, USAA does not accept Skrill.
Does USAA accept Payoneer?
Yes, USAA accepts Payoneer for depositing money.
Does USAA accept Neteller?
No, USAA does not accept Neteller.
Does USAA offer Live Chat customer support?
Yes, USAA offers customer support through live chat.
Does USAA offer phone customer support?
Yes, USAA offers customer support over the telephone.
Does USAA offer email customer support?
Yes, USAA offers customer support through email.
What languages can USAA communicate in?
USAA has the ability to communicate and support customers who speak: English, and Chinese
Does USAA have a wikipedia page?
No, USAA does not have an official wikipedia page.
Does USAA offer demo accounts?
Yes, USAA offers demo accounts so you can learn their systems before risking any real money. Inexperienced traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of USAA's features before risking a live account.