GLX

WikiFX | 2024-12-03 12:13

Abstract：GLX is a comprehensive forex financial services provider providing trading solutions and trading experiences for clients engaged in CDF investments with a maximum leverage of 1:1000. The broker also provides standard and Raw Spread accounts. The minimum spread is from 0.0 pips and the deposit is as little as $200. GLX is still risky due to its unregulated status and high leverage.

GLX Review Summary
Founded	2017-08-21
Registered Country/Region	Cambodia
Regulation	Unregulated
Market Instruments	CDFs on forex, indices, futures, commodities, cryptocurrencies, and stocks
Demo Account	✅
Leverage	Up to 1:1000
Spread	EUR/USD spread averaging 0.1 pips
Trading Platform	MT5(Web/Mobile)/MT4
Min Deposit	$200
Customer Support	Phone: +852 936 132 67
Customer Support	Email: info@glexchange.com

GLX Information

GLX is a comprehensive forex financial services provider providing trading solutions and trading experiences for clients engaged in CDF investments with a maximum leverage of 1:1000. The broker also provides standard and Raw Spread accounts. The minimum spread is from 0.0 pips and the deposit is as little as $200. GLX is still risky due to its unregulated status and high leverage.

Pros and Cons

Pros	Cons
Leverage up to 1:1000	Unregulated
Spread as low as 0.0	No 24/7 customer support
MT4/MT5 available
CDFs on various assets

Is GLX Legit?

GLX is not regulated, even though it claims to be regulated by the Securities Exchange Regulator of Cambodia (SERC). However, an unregulated broker is not as safe as a regulated one.

What Can I Trade on GLX?

Traders can choose different investment directions because the broker provides CDFs on forex including 61 currency pairs, 25 indices, futures from the ICE Dollar Index and CBOE VlX Index, commodities that trade energy, agriculture, and metals, cryptocurrencies, and stocks.

Tradable Instruments	Supported
Forex CDFs	✔
Commodities CDFs	✔
Stocks CDFs	✔
Cryptocurrencies CDFs	✔
Futures CDFs	✔
Indices CDFs	✔

Account Type

GLX offers two live account types, Standard account and our market-leading, Raw Spread account. Raw Spread Account with a commission charge of $7 per standard lot round turn shows the Raw inter-bank spread received from our liquidity providers. Standard Account commission is free but instead, markup is applied to the spread of 1 pip above the raw Inter-bank rate received from Liquidity providers. In addition, the demo accounts are predominantly used for familiarizing traders with the trading platform and for educational purposes only.

GLX Fees

The minimum spread is from 0.0. GLX offers Forex traders EUR/USD spread averaging 0.1 pips, some of the tightest spreads out of all Forex exchange brokers globally. GLX does not charge a commission on Standard Accounts, but on GLXs Raw Spread Account, GLX charges a commission of $3.5 per standard lot round turn.

Leverage

GLX offers flexible leverage options ranging from 1:1 to 1:1000. GLX allows trading the spot price for metals including Gold or Silver against the US Dollar or Euro and the metals Platinum or Palladium against the US Dollar as a currency pair on 1:1000 leverage.

Trading Platform

GLX cooperates with the authoritative MT4, as well as MT5 available in Web and Mobile to trade. MT5 not only provides various trading strategies but also implements EA systems.

Trading Platform	Supported	Available Devices
MT5	✔	Web/Mobile
MT4	✔	-

Deposit and Withdrawal

GLX allows clients to open an account with as little as $200 or currency equivalent. GLX does not charge any additional fees for deposits or withdrawals. GLX does not accept payments from third parties. If the trading account holder is one of the parties on the Bank Account / Credit Card, payments from Joint Bank Accounts / Credit Cards are accepted. Traders can deposit and withdraw by VISA, MasterCard, Neteller, Bank transfer, Skrill, and UnionPay as well. Wire transfers normally take one to two business days. For international bank transfers, please allow up to three to five working days.