GEMFOREX -Overview of Minimum Deposit, Spreads & Leverage

Gemforex Information

GEMFOREX is a brokerage firm based in Seychelles, under the regulation of the Financial Services Authority (FSA) of Seychelles, provides the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. Its official website of Gemforex has been blocked.

Pros and Cons

Is Gemforex Legit?

GEMFOREX is regulated by the Financial Services Authority (FSA) in the Seychelles, holding a License of SD116. (OffshoreRegulated)

GEMFOREX is also regulated by the Financial Service Providers Register in New Zealand, with License of 564306. (Suspicious Clone)

What Can I Trade on Gemforex?

Gildencrest Capital offers traders the opportunity to trade Forex, CDFs and Indices.

Account Types

Gemforex offers three types of trading accounts, namely All-in-one accounts, Raw accounts, and Elite accounts. The “All-In-One” account option requires a minimum deposit of $50. The “Raw” account and the “Elite” account both requiring a minimum deposit of $3000. Gemforex provides “Elite” traders premium trading experience.

Leverage

GEMFOREX offers a maximum trading leverage of up to 1:500

Gemforex Fees

GEMFOREX offers a flexible range of spreads and commissions and imposes non-trading fees on certain aspects. Overnight fees may be charged.

For “All-in account” and “Elite account”, GEMFOREX provide traders with a zero-commission trading environment and spreads starting from 1.3 pips and 0.6 pips respectively. However, “The raw account” charges a commission of $3.0 per lot traded and traders spreads starting from 0.0 pips.

Trading Platform

Aifactor's trading platform is MT4 and MT5 Margin WebTrader.

Deposit and Withdrawal

The broker supports four payment methods: Bank Credit Card, Wire Transfer, AstroPay, and Instant Bank Transfer. The minimum deposit and withdrawal are in the following excel.