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GLFX -

Score

1.46 /10
Danger

GLFX

United Kingdom

2-5 years

Questionable Regulatory License

Suspicious Operational Region

High Potential Risk

http://www.glfxlimited.com

Influence

D

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Comparison

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Website

Score

Regulatory Index0.00

Business Index6.60

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

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! 3
Previous Detection : 2026-04-20
  • This broker lacks valid forex regulation. Please be aware of the risk!
  • This broker has accumulated 1 negative field survey reviews on WikiFX. Please be aware of the risk and guard against potential fraud.

WikiFX Survey

Danger

GLFX

United Kingdom

WikiFX Verification

GLFX · Company summary
GLFX Review Summary
Founded2021
Registered Country/RegionUK
RegulationNo regulation
Market InstrumentsForex
Demo Account✅
LeverageUp to 1:888
SpreadFrom 0.1 pips (Standard account)
Trading PlatformMetaTrader 5, GLFX APP
Minimum Deposit$150
Customer SupportEmail: support@glfxlimited.com
Tel: +44 7476 499915, +971 52 568 9366
Live Chat

GLFX Information

GLFX was founded in 2021. The platform provides tight spreads and no commission with a minimum deposit of $100. Relied on high-performance online forex trading platforms, GLFX offers traders a diverse range of account options.

GLFX Information

Pros and Cons

Pros Cons
Multiple account typesNo regulation
Demo account availableOnly forex trading
Live chat supportLack of deposit and withdrawal details
MT5 provided

Is GLFX Legit?

GLFX is not regulated by any financial regulatory authorities. Besides, its domain status shows that client transferring is prohibited. Please be aware of the risks!

license
domain

What Can I Trade on GLFX?

GLFX provides a portfolio of over 55 currency pairs.

Tradable Instruments Supported
Forex✔
Commodities❌
Cryptos❌
Bonds❌
Indexes❌
Stocks❌
ETFs❌
assets

Account Types

GLFX offers 3 types of trading accounts, each tailored to different trading styles and account sizes. In addition, GLFX provides demo accounts for beginners to practice. The accounts differ mainly in their spread structure, leverage limitation and commission fees, allowing traders to choose the best fit based on thier strategy.

Account TypeMinimum DepositLeverageSpreadCommission
MICRO$1501:500From 1.4 pips$0 FX
MINI$5001:400From 1.4 pips$0 FX
STANDARD$5,0001:100From 0.1 pips$8/Round
Account Types

Leverage

GLFX offers leverage of up to 1:888. A high leverage ratio brings high returns along with high risks.

Leverage

GLFX Fees

Overall, GLFX's trading fees are considered resonable, especially with competitve spreads and low commissions.

Account TypeSpread From (pips)Commission (per round)
MICRO1.4$0 FX
MINI1.4$0 FX
STANDARD0.1$8

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MetaTrader 5 (MT5)✔Windows, iOS, AndroidExperienced traders
GLFX APP✔Mobile/
MetaTrader 4 (MT4)❌/Beginners
Trading Platform

User Reviews

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User comment

3

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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