GFX-Some important Details about This Broker
abstrak：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.
Note: GFX's official website - https://www.gfxroyal.com/ is currently inaccessible normally.
| GFX Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Marshall Islands |
| Regulation | No regulation |
| Market Instruments | Currency pairs, CFDs on indices, commodities, stocks, and cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:5 (cryptocurrency) |
| Spread | 6.2 pips (Explorer Account) |
| Trading Platform | Web Trader |
| Min Deposit | $500 |
| Customer Support | Emai: support@gfxroyal.com |
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.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | Inaccessible website |
| Various accounts choices | Lack of regulation |
| Wide spreads | |
| No MT4 or MT5 | |
| High minimum deposit | |
| Limited payment options | |
| Inactivity fee charged | |
| Only email support |
Is GFX Legit?
No, it is not regulated by the financial services regulatory authority in Marshall Islands, which means that the company lacks regulation from its registration site. Besides, AMF, a French regulatory authority issued a warning notice about this company. Therefore, please be aware of the potential risks!
What Can I Trade on GFX?
GFX offers several types of products, including currency pairs, CFDs on indices, commodities, stocks, and cryptocurrencies.
| Tradable Instruments | Supported |
| Currency Pairs | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
Trading on cryptocurrencies can use leverage up to 1:5, while leverage for other particular instruments is not mentioned.
Account Type
GFX provides 5 types of accounts, including Explorer, Basic, Silver, Gold, and Platinum.
| Account Type | Min Deposit | Max Deposit |
| Explorer | $500 | $,2499 |
| Basic | $2,500 | $9,999 |
| Silver | $10,000 | $24,999 |
| Gold | $25,000 | $99,999 |
| Platinum | $100,000 | $499,999 |
Trading Platform
GFX uses a web-based platform, and it does not support MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
GFX supports 3 types of payment options, including Wire Transfer, Vload, and Cashier. However, other details such as the processing time and fees are not clear.
Fees
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.
Magbasa pa ng marami
Sa likod ng Orfinex Prime Brokerage: Isang kaso ng pagsalangsang at negligencia
Orfinex Prime: Mga Allegasyon ng Negligencia at Paglabas | Ang mga problema ng mga kliyente ay nagpapahayag ng mga hindi ligtas na pamamaraan sa pagbebenta, malinaw na presensya sa Dubai, at mga alalahanin ng pagsalangsang. Gumawa ng mga aksyon para sa proteksyon ng mga mamimili.
The pound, gilts and renewables: the winners and losers under Britain’s future PM
The race to be the next leader of Britain’s ruling-Conservative Party and the country’s prime minister is into its final leg, with the September outcome likely to shape the fortunes of sterling, gilts and UK stocks in coming months.
IMF cuts global growth outlook, warns high inflation threatens recession
The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked.
Starting Forex Trading: Creating A Profit Plan
A key factor in building a successful and profitable trading career is making your own plans. Your transaction plan will provide a good framework for guiding ever-changing currency prices to profit.
Broker ng WikiFX
Exchange Rate
