GLEX-Overview of Minimum Deposit, Leverage, Spreads

General Information

Registered in Mauritius, GLEX is an online forex broker offering a series of trading instruments, including currency pairs, commodities, index, stocks, as well as digital pairs. With GLEX, investors have the flexibility to choose from three trading accounts, and the maximum leverage that can be used is up to 1:300.

Market Instruments

GLEX boasts that it provides easy access to a massive financial markets. Different types of trading assets, including Foreign Exchange, Commodities, Equity, Cryptocurrency are all available through this brokerage platform.

Account Types

Three types of trading accounts are offered on the GLEX platform: Silver Gold and Pro, to accommodate both retail and professional traders trading needs. The Silver account is more suitable for beginners or inexperienced traders, asking for an initial deposit of $100, which is acceptable. The Gold account is suitable for moderate traders, with the minimum deposit required starting at $500, and traders who want to try out the Pro account need to fund at least $5,000.

Aside from live trading accounts, demo accounts are also available for you to get a feel of this platform and then practice your trading skills.

How to open an account with GLEX？

Opening an account with GLEX is not troublesome, with a few steps to follow:

1. Click the “Register” link, and fill up some required details on the following page, including your valid email, password, preferable trading account.

2. Upload relevant personal data for this company to verify your details.

3. Fund your account and begin to trade.

Leverage

When it comes to leverage, GLEX permits traders to use leverage of up to 1:300, which is significantly higher than the levels regarded appropriate by many regulators.

As leverage can also cause serious fund losses, it is important for inexperienced traders to choose the proper amount that they feel most at ease.

Spreads

All three trading accounts charge the same commission, with spreads varying from each account. The spreads offered by these three accounts from 1 pips, 0.6 pips, and 0.0 pips, respectively, with a commission of $20 per million.

Trading Platform

What GLEX offers is not the industry-leading MT4 or MT5 trading platform, and it offers trading app that can be downloaded from MacOS, Google Play and Android APK.

Payment Methods

GLEX says it offers multiple payment methods including Credit Cards, Online Wallets, including Neteller and Skrill, online banking and bank wire transfer. To view the full list of depositing methods and fund your account-login to your client area and click on “Deposit” on the right side menu. Choose “Deposit”, select the trading account to which you wish to deposit and click “submit”.

Customer Support

If a trader has any inquiries or issues regarding his or her account or trading activity on GLEX he or she can only use the following channel to contact the broker:

Telephone: +1 551-225-8492

Email: support@glex24.com

Online Communication

Registered Company Address: 235, Camp Fouquereaux, Phoenix Mauritius, 73609

Or you can keep up with this brokerage on some popular social media platforms, such as Facebook, Twitter, Instagram, Youtube, Linkedin and Pinterest.

Service Hour: Monday-Friday Time Zone GMT 04:00-13:00.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.