Gloffix-Overview of Minimum Deposit, Spreads & Leverage

Note: For some unknown reason, we cannot open Gloffixs official site (https://gloffix.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Gloffix, a trading name of GLF INTERNATIONAL LTD, is allegedly a forex and CFD broker founded in 2009 and registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 1:1000 and floating spreads from 1.2 pips on the MT4 and Sirix WebTrader trading platforms, as well as a choice of five different live account types. Here is the home page of this brokers official site:

As for regulation, it has been verified that Gloffix does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.32/10. Please be aware of the risk.

Market Instruments

Gloffix advertises to offer a wide variety of instruments across 5 asset classes, including forex, stock CFDs, commodities, indices and cryptocurrencies.

55 currency pairs – majors and minors

40+ stocks - Adidas, Pfizer, etc.

7 commodities – standards and energies

11 indices – CAC40, FTSE100, NASDAQ

9 cryptocurrencies

Account Types

Apart from free demo accounts, there are also 5 different account types offered by Gloffix, namely Classic, Silver, Gold, VIP and Black. The minimum initial deposit to start a Classic account is $/€250, while the other four account types have much higher minimum initial capital requirements of $/€2,500, $25,000, $/€100,000 and $/€200,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Classic account can experience leverage of 1:100, the Silver, Gold and VIP accounts can enjoy a higher leverage ratio of 1:200, 1:300 and 1:400 separately, while only the Black account holders have tailored leverage. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Spreads available at Gloffix can be fixed or floating. The average EUR/USD cost of trade is said to be 1.2 pips.

Trading Platform Available

Gloffix gives traders two choices of trading platforms: MetaTrader4 and Sirix WebTrader. It is well known that MetaTrader4 is a hallmark in the industry and very popular with forex brokers. Not only for its excellent package of trading tools and instruments, but also for its humanized charting options and an array of technical analysis indicators that help traders predict the future direction of exchange rates and make a profit. By contrast, Sirix WebTrader offers social trading where less experienced traders can follow and copy the transactions of more experienced ones.

Deposit & Withdrawal

Gloffix advertises that it provides multiple deposit and withdrawal options: credit/debit card, wire transfer, Skrill and Neteller. The minimum initial deposit requirement is said to be $/€250.

Bonuses & Fees

Gloffix claims to offer a welcome bonus. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

This broker also charges an inactivity fee. Specifically, trading accounts which stay inactive for 60 days will be charged a $10 monthly fee, while dormant accounts exceeding 12 months of inactivity will be charged a quarterly fee of $250.

Customer Support

Gloffixs customer support can be reached by telephone: +441283896000, 02039873196, 02039873137, email: Support@gloffix.com. Company address: Apartment 61 Pelham House 65 Great Peter Street London, United Kingdom. P.O. Box 1405, Majuro, Marshall Islands. Banishora, bl 56/A/5/15, 1233 Sofia, Bulgaria.

Pros & Cons

Reviews

Lorenzo G. - October 3rd, 2022

A fraudulent company, do not invest! I was defrauded. It was such a nightmare and I thought I had lost everything, and even kept me worried if I was ever going to see my money back. I can tell you it is 100percent possible with help of Assetscoy. After losing a huge amount to this fake trading company that never truly does their work, my life was devastated until assetscoy001 outlook com, came across to guide me through recovering it and my life became restored. I am charging you all victims to report to them for more information and guidance.

Larry L. - March 12th, 2022

Unfortunately, I didn't start trading with this SCAM company, because most of the core features don't work and no one really cares. Taking the Platinum/VIP status makes no difference. Answers are dumb and useless. So much stress and lost opportunities. The worst stock broker I ever worked with.

Dragan Rakic - Oct 27th, 2021

0 Stars !!! Zero Stars ….

❌❌❌ Attention ❌❌❌

Mafia@Work

No Comment

No Infos / No Chat !!!

Ann Rainbird - October 12th, 2021

To anyone who has invested with Gloofix I recommend you change your credit cards bank details etc. and DO NOT open any desk for them, it gives them access to everything you have on your computer, what you don't give them they will take illegally anyway. Try and get your money out now, and do not give them anymore. Gloffix has not operated legally since Jan 2021 see company house, they are now Neosava international another scam company no doubt. Good luck.

Carol - August 31st, 2021

Gloffix is a scam broker. They scammed me for $250 which was a deposit. After I deposited on Friday then on Monday I wanted to start trading but there was nothing in my account. I tried to contact customer care, they said it was a mistake they were going to rectify. After that my account was deleted, when I tried to log in my account it said there was no account with my logins. I reported to customer support, but they couldn‘t help. I signed up with the same details I used for the previous account and that is when I realized that my account was deleted. The second sign-up went through and I received a call from the so-called account manager. I told him what happened and he told me that they were going to fix the mistake but they haven’t toll now. Stay away from Gloffix they are just scammers.