GFX-Some important Details about This Broker

GFX | 2022-08-02 17:28

Abstract：　GFXRoyal is an offshore forex broker registered in Marshall Islands, offering currency trading services for both retail and professional traders. GFX claims that it offers five trading accounts for traders to choose from. GFXRoyal says that it is the trading name of GFX Finance who belongs to CAPITTAL LETTER GMBH, German Investment Firm Incorporation: HRB242418, 23/07/18.Please note that this brokerage is not subject to any regulatory authorities, please be aware of the risk.

General Information

GFXRoyal is an offshore forex broker registered in Marshall Islands, offering currency trading services for both retail and professional traders. GFX claims that it offers five trading accounts for traders to choose from.

GFXRoyal says that it is the trading name of GFX Finance who belongs to CAPITTAL LETTER GMBH, German Investment Firm Incorporation: HRB242418, 23/07/18.

Please note that this brokerage is not subject to any regulatory authorities, please be aware of the risk.

Market Instruments

With GFXRoyal, traders can trade currency pairs as well as cryptocurrencies. While other instruments like precious metals, indices, energies, stocks are not available. Overall, tradable trading instruments offered by this brokerage platform seems quite limited.

Account Types

Five trading accounts are available with GFXRoyal, aiming to satisfy various traders‘ trading needs, namely Explorer, Basic, Silver, Gold, Platinum. The minimum deposit for each account is relatively high, with the Explorer account requiring a minimum deposit of $500, much higher than most forex brokers’ requirements. The minimum deposit requirement for the other four accounts are from $2,500, $10,000, $25,000, $100,000, respectively.

Each account is offered a welcome bonus, with 30% welcome bonus for the Explorer account, up to 50% for the Basic account, up to 75% for the Silver account, up to 100% for the Gold account, up to 150% welcome bonus for the Platinum account.

Inactivity Fee

If a trader did not login and trade from his account within three months, then his account will be subject to a deduction of 10% each month.

Leverage

Trading on cryptocurrencies can use the leverage up to 1:5, while leverage for other particular instrument is not mentioned.

Deposit & Withdrawal

GFXRoyal does not make it clear about what payment options are available for its clients to make a deposit and withdrawal. However, it states some rules for deposit and withdrawal, see the screenshot below:

Please note that withdrawals are subject to withdrawals processing and handling fees. and these fees will be deducted from the transferred withdrawn amount.

Customer Support

Traders who encounter any trading-related issues or have any inquiries can get in touch with this brokerage through the following channels:

Telephone

Email: info@gfxroyal.net

A contact form

Forex trading Forex Broker

Related broker

No Regulation

GFX

Company name：GFX Royal

Score

1.49

Website：https://www.gfxroyal.com/

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.49

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