GFX broker Accounts

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

gfx Account Types Explained

GFX Securities offers a variety of account types designed to cater to different trading needs and preferences. Below is a comprehensive overview of the available account types:

1. Standard Account

• Minimum Deposit: $200
• Spread/Commission Structure: Floating spreads starting from 0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, Indices, Metals, Energies, Stocks, ETFs, and Cryptocurrencies.

2. Advanced Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Floating spreads; commission may apply based on trading volume.
• Leverage Options: Up to 1:500.
• Key Features: Enhanced trading conditions; suitable for more experienced traders.
• Target User Profile: Intermediate traders.
• Trading Instruments Available: Same as the Standard Account.

3. Pro Account

• Minimum Deposit: $5,000
• Spread/Commission Structure: Raw spreads starting from 0 pips; commission of $8 round turn.
• Leverage Options: Up to 1:300.
• Key Features: Designed for professional traders; lower spreads and commissions.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: Same as the Standard Account.

4. Islamic Account

• Minimum Deposit: $200
• Spread/Commission Structure: Floating spreads; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law; no interest or swap fees.
• Target User Profile: Traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Same as the Standard Account.

5. Demo Account

• Minimum Deposit: Virtual balance (typically $10,000).
• Spread/Commission Structure: Similar to live accounts.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without financial risk; access to all trading instruments.
• Target User Profile: New traders wanting to practice before trading live.
• Trading Instruments Available: Same as the Standard Account.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Advanced Account
• Advanced Traders: Pro Account
• Islamic Traders: Islamic Account
• Practice Traders: Demo Account

Detailed gfx Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $200

• Advanced: $1,000

• Pro: $5,000

• Islamic: $200

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:500

• Advanced: 1:500

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: Floating from 0 pips

• Advanced: Floating; varies

• Pro: Raw from 0 pips

• Islamic: Floating from 0 pips

• Demo: Similar to live accounts

• Commission Fees:

• Standard: None

• Advanced: Varies

• Pro: $8 round turn

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro (0.01)

• Advanced: Micro (0.01)

• Pro: Mini (0.1)

• Islamic: Micro (0.01)

• Demo: Micro (0.01)

• Available Trading Platforms:

• All accounts: MetaTrader 5 (MT5), WebTrader, and mobile app.

• Execution Type:

• Standard: Market

• Advanced: Market

• Pro: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Unlimited access to practice trading with virtual funds.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Access to a variety of instruments.

• Suitable for beginners.

• Advanced Account:

• Enhanced trading conditions.

• Higher leverage options.

• Suitable for intermediate traders.

• Pro Account:

• Lower spreads and commissions.

• Designed for professional trading.

• Access to advanced trading tools.

• Islamic Account:

• Compliance with Sharia law.

• No overnight fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Opportunity to practice strategies.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to Pro Account.

• Limited features for advanced traders.

• Advanced Account:

• Higher minimum deposit.

• Variable commission structure can be confusing.

• Pro Account:

• High minimum deposit requirement.

• Commission fees can add up.

• Islamic Account:

• Limited to traders who adhere to Sharia law.

• May have restrictions on trading certain instruments.

• Demo Account:

• Virtual funds may not reflect real market conditions.

• Limited duration for practice trading.

gfx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: GFX accepts clients globally, excluding certain countries such as the USA and others with specific restrictions.
• Prohibited Countries: USA and certain jurisdictions with regulatory restrictions.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, national ID).
• Proof of Residence: Utility bill, bank statement, or official document showing the applicant's name and address.

Additional Documentation for Professional Accounts

• May require additional financial documentation to verify trading experience and financial status.

KYC/AML Compliance Procedures

• GFX follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to ensure the identity of its clients.

Verification Time Frames

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

Step-by-Step gfx Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit the GFX Website: Navigate to the official GFX Securities website.
2. Click Registration: Locate and click on the "Open Account" or "Sign Up" button.
3. Personal Information Entry: Fill in the required personal information, including name, email, and phone number.
4. Choose Account Type: Select the desired account type based on your trading needs.
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the necessary identity verification documents.
7. Account Verification: Wait for the verification process to be completed by GFX.
8. Fund Your Account: Once verified, deposit funds into your trading account.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor interface differences. Ensure that all required documents are accessible for upload on both platforms.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.

• Solution: Ensure all documents are clear and legible before submission.

• Issue: Verification delays.

• Solution: Contact customer support for updates on your application status.

Average Account Approval Time

• The average account approval time is 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through the account management section on the GFX website or by contacting customer support.

gfx Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, similar trading conditions to live accounts, and a risk-free environment.
• Benefits: Ideal for practicing trading strategies without financial risk.

How to Open a Demo Account

• Visit the GFX website, click on "Open Demo Account," and follow the registration steps similar to a live account.

Demo Account Limitations

• Limited duration (typically 30 days) and may not reflect real market conditions perfectly.

Virtual Balance Amount

• The demo account usually comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds and do not involve real money, while live accounts require actual deposits and involve real trading risks.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity unless extended by contacting customer support.

gfx Islamic Account Details

Swap-Free/Islamic Account Availability

• GFX offers Islamic accounts that comply with Sharia law, ensuring no interest or swap fees.

Eligibility Requirements

• Must be a trader who adheres to Sharia principles.

Differences from Standard Accounts

• Islamic accounts do not incur overnight fees and are structured to comply with Islamic finance principles.

How to Apply for Islamic Account

• Select the Islamic account option during the account registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have restrictions on trading certain instruments that involve interest.

FAQs – gfx Account Types & Opening

1. What account types does gfx offer？

• GFX offers Standard, Advanced, Pro, Islamic, and Demo accounts.

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

• Standard: $200, Advanced: $1,000, Pro: $5,000, Islamic: $200, Demo: Virtual balance.

1. How long does gfx account verification take？

• Verification typically takes 1-3 business days.

1. Does gfx offer demo accounts？

• Yes, GFX provides demo accounts for practice trading.

1. Can I have multiple account types with gfx？

• Yes, traders can open multiple account types as needed.

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

• Yes, GFX offers Islamic accounts that comply with Sharia law.

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.