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GFS -

Score

2.02 /10
Danger

GFS

China

5-10 years

Suspicious Regulatory License

High potential risk

http://www.gfxschina.com/zh/index.html

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.47

Risk Management Index0.00

Software Index7.02

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Broker Information

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Company Name

Global Forex Service

Company Abbreviation

GFS

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

GFS scammed me.

GFS deliberately made their server crash and manipulated the market to make their clients lose. It’s a white-label dealing-desk scam platform.

FX4589300063
2019-01-07 05:00
Others

No contact

The platform even has no contact, and that is very informal. Everyone should trade on the platform under supervision. It is unscientific to have no regulatory.

FX2189104448
2018-06-08 22:23
Unable to Withdraw

Have not receive the money withdrawn before

I have applied for withdrawing money from GFS about one month ago, but the application is still under verification. It just doesn’t allow you to withdraw money.

FX5249360871
2018-12-27 18:17
Scam

GFS harbors induced frauds

GFS is a white-label forex platform profiting from clients’ losses. It cause the clients to lose money mainly by the following ways. First, it modifies the clients’ passwords via the back-end server and privately made reverse orders. Or it would creates chuck or others to cause losses. It also colluded with the trader team to make reverse orders and so on to cause great losses.

FX4589300063
2019-01-07 17:44
GFS · Company summary

General Information & Regulation

Founded in 2009, GFS (Global Forex Service) is a forex broker which is an offshore company registered in St. Vincent and the Grenadine. St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations.

Markets Instruments

GFS offers trading in Forex currency pairs, CFD on Metals, CFD on Indexes, CFD on Commodities, CFD on Energies, CFD on stocks, CFD on crypto currencies.

Minimum Deposit

There is a $2000 minimum for regular accounts and $300 minimum for mini accounts.

Leverage

In terms of trading leverage, GFS offers the generous leverage, reaching up to 1:1000. Leverage can amplify gains as well as losses, it is not a good option for traders to trade with an unregulated broker using such high leverage.

Spreads & Commissions

GFS offers spreads as low as 2 pips, and both demo and live accounts to trade currency online. You are able to request either a USD $100K demo, or a USD Mini demo account to try out both types of online Forex trading.

Trading Platform

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. GFS offers you MetaTrader 4, which is to our surprise.

Deposit& Withdrawal

GFS provides payment with Credit/debit cards, Local bank transfer and UnionPay, Fasapay, Neteller, and WebMoney.

Customer Support

Some key features and benefits to Global Forex is their constant available customer service, 24 hours a day, 7 days a week, even when the forex market is closed.

User Reviews

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User comment

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Comments

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安东尼55538
more than one year
The trading signals they provide are extremely poor, and my account keeps losing connection for no reason. When I contacted customer service, they had no idea what was going on. It's strange that a company providing trading services has such poor customer support and technical infrastructure. Won't recommend!
The trading signals they provide are extremely poor, and my account keeps losing connection for no reason. When I contacted customer service, they had no idea what was going on. It's strange that a company providing trading services has such poor customer support and technical infrastructure. Won't recommend!
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2023-03-28 10:20
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