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GLFX -

Score

1.89 /10
Danger

GLFX

United Kingdom

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

http://www.glfxlimited.com

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Score

Regulatory Index0.00

Business Index6.00

Risk Management Index0.00

Software Index7.40

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

GLFX Limited

Company Abbreviation

GLFX

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

GLFX · Company summary
GLFXReview Summary
Founded2021
Registered Country/RegionUnited Kingdom
RegulationNo Regulation
Market InstrumentsForex
Demo Account✅
LeverageUp to 1:500
SpreadFrom 0.1 pips (Standard)
Trading PlatformGLFX mobile app
Min Deposit$150
Customer SupportPhone: +44 7476 499915
Email: support@glfxlimited.com
Social Media: FaceBook，Instagram，Twitter，YouTube，LinkedIn
Physical Address:#71-75, SheltonStreet, London, Greater London, WC2H9JQ, UNITED KINGDOM

GLFX Information

GLFX, incorporated in the UK in 2021, offers 100+ assets and its own trading platform, as well as 3 types of accounts, which can support 0 commission trading. Currently, GLFX is not regulated.

GLFX Information

Pros and Cons

ProsCons
Can trade with 0 commissionNo regulation
Offer demo accountNo payment method information
Foreign exchange only

Is GLFX Legit?

GLFX is unregulated and its website was registered in 2021.

Is GLFX Legit?
Is GLFX Legit?

What Can I Trade on GLFX?

GLFX says more than 100 assets are available for trading, mainly forex.

Tradable InstrumentsSupported
Forex✔
Precious metals & Commodities❌
Indices❌
Stocks❌
Bonds❌
ETF❌
What Can I Trade on GLFX?

Account Types

GLFX has 3 account types for traders to choose from: Micro, Mini, Standard.

Among them, the minimum deposit requirement is $150, and the maximum leverage is 1:500.

Account TypesMICROMINISTANDARD
SpreadFrom 1.4 - 2.2 pipsFrom 1.4 - 1.8 pipsFrom 0.1 pips
Execution TypeMarket ExecutionMarket ExecutionMarket Execution
Dealing DeskNo Dealing DeskNo Dealing DeskNo Dealing Desk
Minimum Deposit$150$500$5,000
RolloverYESYESYES
Leverage/Margin Requirements1:5001:4001:100
Commission$0 FX$0 FX$8 per round
Minimum Lot0.010.010.1
Trade Increment Size0.010.010.1
Margin Call50.00%50.00%50.00%
Stop Out30.00%30.00%20.00%
Account Types

GLFX Fees

Spreads start at 1.4-2.2 pips for Mirco accounts, 1.4-1.8 pips for Mini accounts, and from 0.1 pips for Standard accounts. The commission for the first two accounts is $0 and the commission for the latter is $8 per round.

Trading Platform

GLFX's trading platform is the GLFX mobile app, which is available on both mobile and tablet devices.

Trading PlatformSupportedAvailable DevicesSuitable for
GLFX mobile app✔Mobile, TabletAll traders
MT4❌
MT5❌
GLFX Fees

Deposit and Withdrawal

GLFX said it offered a variety of payment methods, but didn't provide details.

User Reviews

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User comment

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Comments

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hd7108
more than one year
Smooth and efficient. Deposits land quickly, often within a day, and withdrawals are reliably processed within a couple of days.
Smooth and efficient. Deposits land quickly, often within a day, and withdrawals are reliably processed within a couple of days.
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2024-06-27 15:09
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Kantu
more than one year
It's been two weeks and I am still waiting for my funds I withdrew. When I contact them they will tell me that I have to wait for 24hrs only to give me the very same information they had given me before even though I did explain to them that the information they keep giving me is not useful.
It's been two weeks and I am still waiting for my funds I withdrew. When I contact them they will tell me that I have to wait for 24hrs only to give me the very same information they had given me before even though I did explain to them that the information they keep giving me is not useful.
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2024-04-17 12:12
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