Score

1.84 /10
Danger

GIFX PRIME

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

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Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.10

Risk Management Index0.00

Software Index6.13

License Index0.00

Time Machine
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

open now

Regulatory disclosure

Danger

AE SCA
2022-10-28

Broker Information

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Company Name

GIFX PRIME TECHNOLOGIES LLC

Company Abbreviation

GIFX PRIME

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

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Warning: Low score, please stay away!
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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GIFX PRIME · Company summary

General Information

Established in 2013, GIFX Prime is a forex broker owned and operated by GIFX Prime Investment Limited a brokerage firm registered in Saint Vincent and the Grenadines, offering its clients more than 100 trading instruments, three trading accounts to choose from, access to advanced MT5 trading platform, as well as 7x 24 customer support.

Market Instruments

GIFX Prime offers its clients access to a bulk of more than 100 trading instruments. Different type of trading assets including currency pairs, stocks, commodities, as well as cryptocurrencies.

Account Types

Three trading accounts are offered for traders with different trading experience and levels: Mini, Classic and Premium. To open a Mini account, you just need to fund $100 into your account, while the initial deposit for Classic and Premium accounts soared to $1000 and $5,000. Mini accounts are designed for beginners or inexperienced traders who are not prepared to invest too much capital and Premium accounts are more suitable for professional traders who pursue lower trading costs.

Account

How to open an account with GIFX Prime?

Opening an account with GIFX Prime is a hassle-free process. A few straightforward steps are listed below:

1. Click “Open a Live Account” on the homepage of GIFX Prime;

2. The following page pops up, filling out some required details, including valid email address, password;

3. After registration, fund your account and begin to trade with this brokerage house.

How

Leverage

Trading leverage depends on particular instruments you are trading. the maximum trading leverage for forex trading is super high, reaching up to 1:1000. Stock traders can enjoy the leverage up to 1:20, and indices traders can use the leverage up to 1:200. The maximum leverage for commodities trading is 1:67, and for Cryptocurrency trading is 1:10.

Spreads & Commissions

GIFX Prime offers a zero-commission trading environment, with spreads varies depending on trading accounts you are holding. With Mini accounts, you can get spreads from 1.2 pips, which seems average. Classic Accounts offers spreads from 1 pips, and Premium account holders can enjoy spreads as low as 0.8 pips.

Trading Platform

When it comes to trading platform available, GIFX Prime offers its clients access to the leading MT5 trading platform, which can be accessed on any devices. Powerful charting capabilities, multiple technical indicators and intraday analysis tools, and Expert Advisors are available through the MT5 trading platform.

Trading Tools

Aside from trading platforms, there are some trading tools offered to help you smooth your trading process, including Calculators, Economic Calendar, and indicators.

Deposit & Withdrawal

The minimum deposit amount varies depending on different payment options, including Bank Wire, VISA/MasterCard, WebMoney, Neteller, Skrill.

Bank Wire: Minimum deposit at $250, withdrawal at $300, accepting currencies in USD, EUR, KWD, AED, SAR, RMB, up to one working days to process, no fees applied.

VISA/MasterCard: Minimum deposit and withdrawal at $20, accepting currencies in USD, EUR, KWD, AED, RUB, no fees applied.

WebMoney: Minimum deposit at $20, withdrawal at $300, accepting currencies in USD, EUR, KWD, AED, RUB, no fees applied.

Neteller: Minimum deposit and withdrawal at $20, accepting currencies in USD, EUR, up to 1 hour to process, no fees applied.

Skrill: Minimum deposit and withdrawal at $20, accepting currencies in USD, EUR, up to 1 hour to process, no fees charged.

Deposit
Deposit

Contact Information

Traders with any trading related inquiries can reach GIFX Primes customer support through the following channels:

Telephone: +442038077044

Client Support

Support@gifxprime.com

Working Hours: 24/7

Account Opening

accounts@gifxprime.com

Working Hours: 24/7

General Inquiries

info@gifyprime.com

Working Hours: 24/7

Complaints

accounts@gifyprime.com

9:00-18:00 (GMT +3)

User Reviews

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User comment

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Comments

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abhuiop
more than one year
Don't believe what they say on their official website, they are all their ads, just to lure you to invest. Their spreads and commissions look really competitive, but the spreads seen in live accounts are much larger than they advertise.
Don't believe what they say on their official website, they are all their ads, just to lure you to invest. Their spreads and commissions look really competitive, but the spreads seen in live accounts are much larger than they advertise.
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2022-11-30 15:09
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FX1065630513
more than one year
I love this broker’s offerings: multiple account options, mt5 trading platform, EA available, as well as some great trading tools. However, I do think that its minimum deposit for open a mini account is slightly high, from $100. Another pity is they don’t offer demo account. I decide to let it go.
I love this broker’s offerings: multiple account options, mt5 trading platform, EA available, as well as some great trading tools. However, I do think that its minimum deposit for open a mini account is slightly high, from $100. Another pity is they don’t offer demo account. I decide to let it go.
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2022-11-29 18:40
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