GX Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-09 18:06

Abstract：GX, the trading name of GS Brokers Capital Inc., is a brokerage company registered in the United Kingdom and currently does not maintain functional website, that's why we can only gather all the information in this article from Internet.

　　Note: GX's official website - https://www.gxbrokers.com/ is currently inaccessible normally.

GX Review Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	No regulation
Market Instruments	2,100+, forex, CFDs, stocks and commodities
Demo Account	❌
Spread	From 0.2 pips (Forex)
Spread	From 0.4 pips (CFDs)
Leverage	Up to 1:500
Trading Platform	/
Min Deposit	USD 200
Customer Support	Email: tradetoolspro@company.com
Customer Support	Address: 38 Ropery Rd Gateshead NE8 2HP United Kingdom

GX Information

　　GX, the trading name of GS Brokers Capital Inc., is a brokerage company registered in the United Kingdom and currently does not maintain functional website, that's why we can only gather all the information in this article from Internet.

　　The company offers trading services in CFDs, stocks and commodities. Minimum dpeosit is a little high at USD 200, with a tight spread from 0.2 pips.

　　However, it cannot be negleceted that the broker currently operates without any valid regulation, which indicates possible less compliance to industry and customer protection.

　　What's worse, there are two complaints on WIkiFX about withdrawal issues, indicating unpleasant customer experience with this broker.

Pros and Cons

Pros	Cons
Wide range of tradable assets	Inaccessible website
Tight starting spreads	No regulation
	No demo accounts
	High minimum deposit
	WikiFX exposures about withdrawal issues

Is GX Legit?

　　Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of GX, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

What Can I Trade on GX?

　　GX claims to offer access to 2,100+ tradable assets to trade, including Forex, CFDs, stocks and commodities.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Stocks	✔
Commodities	✔
Indices	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type/Fees

　　GX claims to offer two types of trading accounts, namely Classic and Platinum, with minimum initial deposit requirements of $200 and $500 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Type	Min Deposit
Classic	USD 200
Platinum	USD 500

　　While spread and commission vary depending on the trading asset. For example, the spread is as low as 0.2 pips on forex, and from 0.4 pips on the CFDs. The commission is from $3 on US stocks and $1.25 per lot on commodities.

Asset Class	Spread	Commission
Forex	From 0.2 pips	/
CFDs	From 0.4 pips	/
US stocks	/	From $3
Commodities	/	From $1.25 per lot

Leverage

　　The leverage provided by GX is capped at 1:500. Nevertheless, you should keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.