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GFA -

Suspicious Clone

Score

1.58 /10

Danger

GFA

Item: GFA
Rating: 1.58

Australia

5-10 years

Suspicious Regulatory License

Self-developed

Suspicious Scope of Business

High potential risk

http://www.gfacm.com/

Add brokers

Comparison

Quantity 1

Exposure

Time Machine

Website

Score

Regulatory Index0.00

Business Index7.08

Risk Management Index0.00

Software Index4.37

License Index0.00

Time Machine

Website

Licenses

ASIC Suspicious Clone

Market Maker (MM)

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

open now

Broker Information

Company Name

GFA Capital Markets LTD

Company Abbreviation

GFA

Platform registered country and region

Australia

Company website

http://www.gfacm.com/

Company summary

Pyramid scheme complaint

Expose

GFA · Company summary

GFA Capital Markets LTD Review Summary
Founded	/
Registered Country/Region	Australia
Regulation	ASIC (suspicious clone)
Market Instruments	forex, metals
Demo Account	✅
Leverage	Up to 30:1 (major FX)
Spread	/
Trading Platform	GFA Trading Platform
Minimum Deposit	$100 (Mini Account)
Customer Support	Email: gfa.customer@gfacm.com.au
	Phone: +61 2 8599 8111 / 8112 / 8113
	Address: Suite 201, Level 2, 46 Market Street, Sydney NSW 2000

GFA Capital Markets LTD Information

GFA Capital Markets LTD specializes in CFDs on forex and metals on its own trading platform. But it runs on a suspiciously cloned ASIC licence and isn't officially regulated. The company has several account levels and customer service available 24/7. Besides, a demo account is also available.

Pros and Cons

Pros	Cons
Demo account available	Suspicious clone ASIC license
4 account types	Lack of transparency
24/7 customer service	No MT4/MT5 support
Various contact channels

Is GFA Capital Markets LTD Legit?

Regulatory Status	Suspicious Clone
Regulated By	Australia (ASIC)
License Type	Market Maker (MM)
Licensed Institution	GFA Capital Markets LTD
License Number	398104

What Can I Trade on GFA Capital Markets LTD?

GFA Capital offers CFDs on multiple asset types. Example instruments include:

Tradable Instruments	Supported
Forex	✔
Metals	✔
Indices	❌
Futures	❌
Cryptos	❌
ETFs	❌
Bonds	❌
Options	❌

Account Types

GFA offers four CFD account tiers with a minimum deposit of $100. Demo account is also available.

Type	Minimum Deposit	Lot Size (FX)
Mini Account	$100	0.01 lots
Standard Account	$2,000	0.1 lots
High Level	$30,000	0.5 lots
VIP Account	$300,000	1 lot

Leverage

Leverage ranges from 2:1 (crypto) to 30:1 (major forex pairs), following ASICs restrictions.

Instrument Type	Maximum Leverage
Major FX Pairs	30:1
Minor FX Pairs, Gold, Major Indices	20:1
Other Commodities, Minor Indices	10:1
Crypto Assets	2:1
Shares & Other Assets	5:1

GFA Capital Markets LTD Fees

GFA Capital Markets LTD requires initial margin from 1%, with overnight interest applied to all rolled-over positions.

Fee Item	Description
Overnight Interest	Applied daily on rollover positions, rate based on market conditions.
Margin Requirements (FX & Metals)	Initial: 1%
	Maintenance: 0.5%
	Cut-off: 0.1%

Trading Platform

GFA provides its own GFA Trading Platform, available on all major devices:

Trading Platform	Supported	Available Devices	Suitable For
GFA Trading Platform	✔	Windows, Mac, Web, iOS, Android	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

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Warning: Low score, please stay away! 3

Previous Detection : 2025-06-16

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

GFA

Australia

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Benchmark	--
Maximum Leverage	--
Minimum Deposit	100$
Minimum spread	--
Products	--

Currency	--
Minimum position	0.01
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	--

Exposure

1 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

A fraud

I have been lied to my face. As you can see, all the operations have been won, and a few losses. With that result, I will have to have approximately $1400 of profit. When it is not like that, they just wanted to rob me. Please help. My money that I put was $100.

FX2745788946

2022-02-22 00:45

GFA · Company summary

GFA Capital Markets LTD Review Summary
Founded	/
Registered Country/Region	Australia
Regulation	ASIC (suspicious clone)
Market Instruments	forex, metals
Demo Account	✅
Leverage	Up to 30:1 (major FX)
Spread	/
Trading Platform	GFA Trading Platform
Minimum Deposit	$100 (Mini Account)
Customer Support	Email: gfa.customer@gfacm.com.au
	Phone: +61 2 8599 8111 / 8112 / 8113
	Address: Suite 201, Level 2, 46 Market Street, Sydney NSW 2000

GFA Capital Markets LTD Information

Pros and Cons

Pros	Cons
Demo account available	Suspicious clone ASIC license
4 account types	Lack of transparency
24/7 customer service	No MT4/MT5 support
Various contact channels

Is GFA Capital Markets LTD Legit?

Regulatory Status	Suspicious Clone
Regulated By	Australia (ASIC)
License Type	Market Maker (MM)
Licensed Institution	GFA Capital Markets LTD
License Number	398104

What Can I Trade on GFA Capital Markets LTD?

GFA Capital offers CFDs on multiple asset types. Example instruments include:

Tradable Instruments	Supported
Forex	✔
Metals	✔
Indices	❌
Futures	❌
Cryptos	❌
ETFs	❌
Bonds	❌
Options	❌

Account Types

GFA offers four CFD account tiers with a minimum deposit of $100. Demo account is also available.

Type	Minimum Deposit	Lot Size (FX)
Mini Account	$100	0.01 lots
Standard Account	$2,000	0.1 lots
High Level	$30,000	0.5 lots
VIP Account	$300,000	1 lot

Leverage

Leverage ranges from 2:1 (crypto) to 30:1 (major forex pairs), following ASICs restrictions.

Instrument Type	Maximum Leverage
Major FX Pairs	30:1
Minor FX Pairs, Gold, Major Indices	20:1
Other Commodities, Minor Indices	10:1
Crypto Assets	2:1
Shares & Other Assets	5:1

GFA Capital Markets LTD Fees

GFA Capital Markets LTD requires initial margin from 1%, with overnight interest applied to all rolled-over positions.

Fee Item	Description
Overnight Interest	Applied daily on rollover positions, rate based on market conditions.
Margin Requirements (FX & Metals)	Initial: 1%
	Maintenance: 0.5%
	Cut-off: 0.1%

Trading Platform

GFA provides its own GFA Trading Platform, available on all major devices:

Trading Platform	Supported	Available Devices	Suitable For
GFA Trading Platform	✔	Windows, Mac, Web, iOS, Android	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

User Reviews

User comment

Comments

Write a review

大鹏1413

more than one year

As a user, I am disappointed and apprehensive about GFA's services. The website claims that it is regulated by ASIC, but upon further investigation, it was discovered that the regulatory license may have been forged and the registered address could not be verified. This casts doubt on its integrity, and I cannot ignore these uncertainties. Therefore, I do not recommend others to use this broker.

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2023-03-27 18:18