GFS broker Accounts

gfs Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

gfs Account Types Explained

GFS offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, their features, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $0
• Spread/Commission Structure: Raw spreads starting from 0 pips; trading fees of $10 per lot.
• Leverage Options: Up to 1:500.
• Key Features: No withdrawal fees, high execution speed, and access to a wide range of trading instruments.
• Target User Profile: Suitable for both beginners and experienced traders.
• Trading Instruments Available: Currency pairs, CFDs on stocks, indices, commodities, metals, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads; commission fees apply.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders looking for direct market access and lower trading costs.
• Trading Instruments Available: Similar to the Standard Account but with more focus on forex pairs.

3. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Competitive spreads with reduced commission fees.
• Leverage Options: Up to 1:100.
• Key Features: Enhanced trading conditions, priority support, and advanced trading tools.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Comprehensive range of forex and CFDs.

4. Islamic Account

• Minimum Deposit Requirement: $0 (same as Standard)
• Spread/Commission Structure: Similar to Standard Account but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no swap fees.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Same as Standard Account.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Same as Standard Account.
• Key Features: Risk-free trading environment to practice strategies.
• Target User Profile: Beginners and those testing new strategies.
• Trading Instruments Available: Full range of instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account.
• Intermediate: ECN Account.
• Advanced/Professional: Pro Account.
• Muslim Traders: Islamic Account.

Detailed gfs Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $0

• ECN: $1,000

• Pro: $5,000

• Islamic: $0

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Spreads:

• Standard: From 0 pips

• ECN: Variable

• Pro: Competitive

• Islamic: Same as Standard

• Commission Fees:

• Standard: $10 per lot

• ECN: Varies

• Pro: Reduced fees

• Islamic: Same as Standard

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• All accounts: MetaTrader 5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual balance, full access to trading instruments, risk-free environment.

Advantages of Each Account Type

• Standard Account:

• No initial deposit required.

• Access to a wide range of instruments.

• Suitable for all trader levels.

• ECN Account:

• Lower trading costs.

• Direct access to market liquidity.

• Ideal for high-frequency traders.

• Pro Account:

• Enhanced trading conditions.

• Priority customer support.

• Suitable for institutional trading.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Available to all traders.

• Demo Account:

• Risk-free trading.

• Ideal for practice and strategy development.

• Full access to trading features.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees may apply.

• Pro Account:

• High minimum deposit requirement.

• More suitable for experienced traders.

• Islamic Account:

• Limited to swap-free trading.

• May not be suitable for all trading strategies.

• Demo Account:

• Virtual funds may not reflect real market conditions.

• Limited time for practice.

gfs Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Not specified; check with GFS for updates.
• Identity Verification Documents Needed:
• Government-issued ID (passport, drivers license).
• Proof of address (utility bill, bank statement).
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• GFS adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and address.

Verification Time Frames

• Account verification typically takes between 1 to 3 business days, depending on the completeness of submitted documents.

Step-by-Step gfs Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the GFS official website.
2. Click Registration: Locate the registration button on the homepage.
3. Personal Information Entry: Fill out the required personal details.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences and settings.
6. Document Upload: Upload the necessary identification and proof of residence documents.
7. Account Verification: Wait for the account verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically between 1 to 3 business days, depending on document submission and verification.

How to Upgrade/Downgrade Account Types

• Contact GFS customer support to request changes to your account type.

gfs Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practice.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies without financial risk.

How to Open a Demo Account

• Follow the same registration process as for live accounts but select the demo account option.

Demo Account Limitations

• Virtual balance may not reflect real trading conditions.
• Limited duration for practice (typically 30 days).

Virtual Balance Amount

• Usually set at $10,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money transactions.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days unless extended by the broker.

gfs Islamic Account Details

Swap-Free/Islamic Account Availability

• GFS offers Islamic accounts that comply with Sharia law, ensuring no swap fees.

Eligibility Requirements

• Must be a practicing Muslim.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Must adhere to Islamic finance principles; no interest-based transactions.

FAQs – gfs Account Types & Opening

1. What account types does gfs offer？

• GFS offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $0, ECN: $1,000, Pro: $5,000, Islamic: $0, Demo: Virtual balance.

1. How long does gfs account verification take？

• Typically takes 1 to 3 business days.

1. Does gfs offer demo accounts？

• Yes, GFS provides demo accounts for practice.

1. Can I have multiple account types with gfs？

• Yes, you can open multiple account types.

1. Does gfs offer Islamic/swap-free accounts？

• Yes, GFS offers Islamic accounts that are swap-free.

1. What documents do I need to open a gfs account？

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.