GFS Trading

GFS Trading | 2024-09-19 16:07

摘要：GFS Trading is a brokerage firm registered in the United States, only providing forex pairs trading with low commission. Although its official website is publicly accessible, information about trading is very limited. Moreover, this broker is not regulated by any legitimate institutions.

GFS Trading is a brokerage firm registered in the United States, only providing forex pairs trading with low commission. Although its official website is publicly accessible, information about trading is very limited. Moreover, this broker is not regulated by any legitimate institutions.

Pros and Cons

Pros	Cons
Multiple Account Types	Lack of Regulation
MT4 Trading Platform	Limited Trading Choices
Multiple Educational Resources	No Demo Accounts
Account Segregation	Limited Trading Info
	High Spreads

Is GFS Trading Legit?

GFS Trading currently lacks the formal legal regulation imposed by authorities, and its website fails to provide any information regarding regulation, indicating a potential risk that your assets may be stolen by the broker, and you may find yourself with a limited channel for seeking help.

What Can I Trade on GFS Trading?

On GFS Trading, trading is limited to forex pairs, with its website offering no details on available trading instruments. As a result, the specific currencies you can trade remain unclear.

Tradable Instruments	Supported
Forex	✔
Commodities	❌
Indices	❌
Cryptocurrencies	❌
Shares	❌
Mutual Funds	❌

Account Type (Minimum Deposit/Spread & Commission)

GFS Trading offers three types of live account options: a Mini Accountm ($100 min deposit) with a commission of $5 per round trip and spreads starting from 3 pips, a Standard Account ($2 500 min deposit) featuring a commission of $3 per round trip and spreads from 2 pips, and a VIP Account ($20 000 min deposit) that charges zero commission and spreads start from 1.5 pips. While the commissions are relatively low, this broker operates without any legal supervision.

Trading Platform

GFS Trading supports trading on MT4, a leading trading platform in the world with functions of market and pending orders, real-time execution and trading based on charts.

Trading Platform	Supported	Available Devices
MT4	✔	computer and mobile phone
MT5	❌	computer and mobile phone

Customer Service

GFS Trading provides 5/24online chat, and you can also connect them through phone and email.

Contact Options	Details
Phone	+1 (254) 587-2548+1 (548) 215-3658
Email	Account@GFS-Trading.com
Online Chat	5/24
Supported Language	English
Website Language	English, Arabic
Physical Address	155 Mark Street, Dixon Avenue New York, NY-45845

The Bottom Line

GFS Trading offers forex pair trading with low commission and supports traders to choose three kinds of live accounts. However, we found no effective regulation of this broker, so it is best to stay away from such brokers.