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GlobalFxExpert-2241032038

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
Founded5-10 years
Registered Country/RegionCambodia
RegulationUnregulated
Market InstrumentsForex, Metals, Energies, Stock Indices, Commodities & Share CFDs
Demo Account✅
LeverageUp to 1:500
SpreadFrom 1.3 pips
Trading PlatformMT4(PC, iOS & Android)
Min Deposit$100
Customer SupportPhone: +855 23 213 686
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.

GFX Information

Pros and Cons

Pros Cons
Leverage up to 1:500Unregulated
Demo account availableSpread 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.

Is GFX Legit?
Is GFX Legit?

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❌
What Can I Trade on GFX?
What Can I Trade on GFX?

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 FIXPREMIUM RETAIL
Maximum Leverage1:5001:2001:500
Minimum Deposit$100$10000$100
Minimum SpreadFrom 3 pipsFrom 1.3 pipsFrom 1.3 pips
Minimum Position0.01 lot0.01 lot0.01 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 PlatformSupported Available Devices
MT4✔(PC, iOS & Android)
Trading Platform

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.

Deposit and Withdrawal

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
Customer Support Options

  

Related broker

No Regulation
GFX
Company name:GoldFX Investment Co Ltd
Score
1.54
Website:https://gfx-i.com/en/home
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.54

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