GFX Spreads, leverage, minimum deposit Revealed

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

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.

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.

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.

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.