GFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-17 10:03

Abstract：GFX is a broker. GFX provides various tradable instruments, including forex, metals, energies, stock indices, commodities, and share CFDs, and also offers account types, including fix, premium, and retail. In addition, GFX sets a spread from 1.3 pips, a minimum deposit of $100, and a maximum leverage of 1:500.

GFX Review Summary
Founded	5-10 years
Registered Country/Region	Cambodia
Regulation	Unregulated
Market Instruments	Forex, Metals, Energies, Stock Indices, Commodities & Share CFDs
Demo Account	✅
Leverage	Up to 1:500
Spread	From 1.3 pips
Trading Platform	MT4(PC, iOS & Android)
Min Deposit	$100
Customer Support	Phone: +855 23 213 686
Customer Support	Email: support@gfx-i.com

GFX Information

　　GFX is a broker. GFX provides various tradable instruments, including forex, metals, energies, stock indices, commodities, and share CFDs, and also offers account types, including fix, premium, and retail. In addition, GFX sets a spread from 1.3 pips, a minimum deposit of $100, and a maximum leverage of 1:500.

Pros and Cons

Pros	Cons
Leverage up to 1:500	Unregulated
Demo account available	Spread from 1.3 pips
Various tradable instruments: Forex, Metals, Energies, Stock Indices, etc.	Office Website inaccessible
MT4 available

Is GFX Legit?

　　GFX is not regulated, which makes it less safe than regulated brokers.

What Can I Trade on GFX?

　　Traders can invest in various trading instruments, including forex, metals, energies, stock indices, commodities, and share CFDs.

Tradable Instruments	Supported
Forex	✔
Metals	✔
Energies	✔
Stock indices	✔
Commodities	✔
Share CFDs	✔
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

　　GFX has four types of accounts: fix, premium, and retail. Fix and retail accounts have the same maximum leverage and a minimum deposit of 1:500 and $100 respectively. Premium and retail accounts have the same minimum spread of 1.3pips. Traders who want to have both low spreads and low leverage can choose to open a premium account.

Account Type	FIX	PREMIUM	RETAIL
Maximum Leverage	1:500	1:200	1:500
Minimum Deposit	$100	$10000	$100
Minimum Spread	From 3 pips	From 1.3 pips	From 1.3 pips
Minimum Position	0.01 lot	0.01 lot	0.01 lot

GFX Fees

　　The spread is relatively high, starting at 1.3 pips, and the commission is not mentioned. Traders need to pay attention to hidden fees.

Leverage

　　The maximum leverage is 1:500, which means that profits and losses are magnified 500 times.

Trading Platform

　　GFX has an authoritative MT4 trading platform and traders can choose different versions, such as PC, iOS, and Android to trade. Compared with MT5, junior traders prefer MT4.

Trading Platform	Supported	Available Devices
MT4	✔	(PC, iOS & Android)

Deposit and Withdrawal

　　The minimum deposit is $100. GFX offers multiple methods for deposits and withdrawals, which include master cards, visa, Ailpay, etc. However, due to the inaccessible official website, transfer processing times and associated fees are unknown.

Customer Support Options

　　Traders can communicate via phone and email. However, specific customer support schedules are unclear.

Contact Options	Details
Phone	+855 23 213 686
Email	support@gfx-i.com
Supported Language	English
Website Language	English
Physical Address	Not mentioned