GFC Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-04 13:32

Abstract：GFC Global is a trading platform founded in 2021 and headquartered in the United Kingdom. It is not regulated by any particular regulatory authority. The company offers two main account types: Standard Forex trading account and Mini Forex Trading account. It offers several trading platforms, including GFC Web Trader, MetaTrader 5 and MetaTrader 4, and provides tradable assets such as forex, stock indices (CFDs) and raw materials.

GFC Global Review Summary
Founded	2021
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, Stock Indices (CFDs), Commodities
Demo Account	Available
Leverage	Up to 400:1
Spread	Tight spreads on over 120 currency pairs
Trading Platform	GFC Web Trader, MetaTrader 5, MetaTrader 4
Min Deposit	$250.00
Customer Support	Telephone number : +44 (0) 203 991 0502+52 55 4163 7602+01 210 595 3390Address: 25 Canada Square, London, E14, 5LQ

GFC Global Information

　　GFC Global is a trading platform founded in 2021 and headquartered in the United Kingdom. It is not regulated by any particular regulatory authority. The company offers two main account types: Standard Forex trading account and Mini Forex Trading account. It offers several trading platforms, including GFC Web Trader, MetaTrader 5 and MetaTrader 4, and provides tradable assets such as forex, stock indices (CFDs) and raw materials.

Pros and Cons

Pros	Cons
Tight Spreads on 120+ Currency Pairs	Lack of Regulation
Maximum Leverage up to 400:1	Conversion Premium for Different Currency Deposits
Availability of Demo Account	No 24/7 Live Video Chat Support
Flexible Leverage Options
Availability of Demo Account

Is GFC Global Legit?

　　GFC Globalis currently in a state of no effective supervision.

What Can I Trade on GFC Global?

　　GFC Global offers traders the opportunity to trade forex, stock indices (CFDs) and raw materials.

Tradable Instruments	Supported
Stock indices	✔
Forex	✔
Currencies	❌
Crypto currencies	❌
Raw materials	✔
Bonds	❌
Binary Options	❌
Mutual Funds	❌
Futures	❌

Account Types

　　GFC Global offers two live account types, namely Standard Forex Trading Account and Standard Forex Trading Account.

　　The minimum deposit for a standard Forex trading account offered by GFC Global is USD 2,500.00. With this account type, users can leverage up to 400:1 in forex spot trading. Traders benefit from the spread of over 120 currency pairs.

　　Mini Forex trading accounts offered by GFC Global require a minimum deposit of $250. Traders enjoy up to 400:1 leverage and real-time profits.

Aspect	Standard Forex Trading Account	Mini Forex Trading Account
Account Type	Standard	Mini
24/7 Live Video Chat Support	Yes	No
Withdrawals	Standard procedures apply	Standard procedures apply
Demo Account	Available	Available
Copy Trading Tool	Yes	No
Bonus	N/A	N/A
Leverage Up to	1:400	1:400
Other Features	Real-time profits, Tight spreads on 120+ currency pairs	Real-time profits, Suitable for beginners, Lower minimum deposit

Leverage

　　GFC Global allows clients to leverage up to 400:1.

GFC Global Fees

　　GFC Global claims to offer low-cost commission services. The exact amount of its fees was not disclosed.

Trading Platform

　　MT5 is chosen by GFC Global to serve clients of different preferences.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Windows, MAC, IOS, Android	Investors of all experience levels

Deposit and Withdrawal

　　GFC Global opens a standard Forex trading account with a minimum deposit of US $2,500.00 and a Mini Forex trading account with a minimum deposit of US $250.00.

　　When making a deposit, please refer to the name and GFC account number of the account holder. It is important to emphasize that the currency of the deposit should be the same as the base currency of the account of the global financial company, as the bank can convert the funds for a nominal fee.

　　If funds need to be deposited in a currency other than the base currency of the GFC account, GFC Global will convert the funds at the current GFC request (buy) rate plus a conversion premium of up to 3%.