GFS Review: Withdrawal Complaints Mount as Traders Report Blocked Accounts

GFS presents itself as an Australia-based forex broker established in 2013, offering MetaTrader 5 with leverage up to 1:500. On paper, that looks like a standard offering. But a WikiFX score of 1.62 out of 10, paired with repeated user complaints about blocked withdrawals, tells a far more troubling story.

Regulatory Standing

GFS's regulatory status could not be independently confirmed through available verification channels. The broker's WikiFX score of 1.62 , a metric that aggregates regulatory credibility, complaint volume, and other risk indicators , reflects a concerning picture. For any trader, a score this low warrants significant caution before committing any funds.

Platform and Products

GFS offers MetaTrader 5 with Expert Advisor support, leverage up to 1:500 on forex and indices, and commissions from $10 per lot. The broker does not publicly disclose its minimum deposit requirement or processing timelines , an omission worth noting given the complaint record below.

Withdrawal Complaints Across Multiple Countries

The most persistent theme in GFS user feedback is withdrawal failure.

A Malaysian trader reported depositing approximately $10,000 via USDT TRC20, only to have USDT withdrawals disabled. According to the complaint, the broker forced a currency conversion with an estimated 7.6% exchange rate disparity, and hidden costs still applied even when insisting on USDT.

Screenshot submitted by the user with the complaint (2024-12)

An Australian trader described the sudden closure of GFS's Australian website. Customer service allegedly stated the broker no longer accepts KYC documents from Australian residents, leaving all Australian investors unable to retrieve funds.

Screenshot submitted by the user with the complaint (2025-04)

A user from Norway reported that after questioning customer support, the broker deleted the account without notice, resulting in total loss of invested capital.

From Vietnam, a trader received a withdrawal confirmation in early January 2025 but the USDT never arrived. Despite follow-up emails, the funds remained unreleased and the trader lost platform access.

Screenshot submitted by the user with the complaint (2025-11)

These cases, spanning Australia, Malaysia, Vietnam, and Norway, share a common thread: deposits accepted, withdrawals blocked.

Final Thoughts

The evidence on GFS is difficult to square with the image of a reliable broker. An unconfirmed regulatory status, a score of 1.62, and unresolved withdrawal complaints across four countries suggest depositing funds carries significant risk. MT5 access and advertised leverage count for little if traders cannot reliably access their money.

Before depositing, verify GFS's current standing through official regulatory channels, test withdrawals with a small amount first, and monitor the WikiFX platform for ongoing complaint updates and score changes. The WikiFX App provides real-time access to user reports, regulatory alerts, and risk assessments.