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GFXO Forex Broker keeps up-to-date with the latest trading account information, including Premium, Standard, Basic maximum leverage of --, trading varieties, and more

Rating Index

Pros

Lack of regulation raises significant concerns about safety and reliability.

High minimum deposit requirements may limit accessibility for new traders.

Negative user feedback highlights issues such as withdrawal delays and unclear fee structures.

Cons

Unregulated status increases the risk of potential fraud and malpractice.

High spreads compared to industry averages can lead to less cost-effective trading.

Limited transparency regarding fees and commissions can create confusion for traders.

GFXO broker Accounts

Premium

Environment

Currency

Maximum Leverage

SupportedEA

Minimum Deposit

£3000-£9999

Minimum Spread

Depositing Method

Withdrawal Method

Minimum position

Commission

Products

Standard

Environment

Currency

Maximum Leverage

SupportedEA

Minimum Deposit

£1000-£2999

Minimum Spread

Depositing Method

Withdrawal Method

Minimum position

Commission

Products

Basic

Environment

Currency

Maximum Leverage

SupportedEA

Minimum Deposit

£499-£999

Minimum Spread

Depositing Method

Withdrawal Method

Minimum position

Commission

Products

GFX Account Type

GFX offers a variety of trading accounts tailored to meet the diverse needs of traders. The main account types include:

Zero Account:

Minimum Deposit: $50
Spread: 0.6 pips
Commission: $0
Platforms: MT5, WebTrader, Multi Terminal
Account Currencies: USD, EUR, AUD, GBP, CAD, HKD, NZD, SGD, CHF, PLN, LBP, BTC

Core Account:

Minimum Deposit: $10,000
Spread: 1.4 pips
Commission: $0
Platforms: MT5, WebTrader, Multi Terminal
Account Currencies: USD, EUR, AUD, GBP, CAD, HKD, NZD, SGD, CHF, PLN, LBP, BTC

Classic Account:

Minimum Deposit: $50 - $9,999
Spread: 1 pip
Commission: $0
Platforms: MT5, WebTrader, Multi Terminal
Account Currencies: USD, EUR, AUD, GBP, CAD, HKD, NZD, SGD, CHF, PLN, LBP, BTC

Premium Account:

Minimum Deposit: $10,000 - $49,999
Spread: 0.0 pips
Commission: $3.5
Platforms: MT5, WebTrader, Multi Terminal
Account Currencies: USD, EUR, AUD, GBP, CAD, HKD, NZD, SGD, CHF, PLN, LBP, BTC

VIP Account:

Minimum Deposit: Over $50,000
Spread: 0.0 pips
Commission: $5 - $7
Platforms: MT5, WebTrader, Multi Terminal
Account Currencies: USD, EUR, AUD, GBP, CAD, HKD, NZD, SGD, CHF, PLN, LBP, BTC

For beginners, GFX also offers a demo account to practice trading in a risk-free environment.

GFX Broker Account Opening Process

Opening an account with GFX is a straightforward process that typically involves the following steps:

Visit the GFX Website: Navigate to the official GFX website.
Click on the Registration Button: Look for the "Register" or "Open Account" button on the homepage.
Fill in Personal Information: Provide your full name, date of birth, contact details, and residential address.
Complete KYC Verification: Upload identification documents such as a passport or ID and proof of address (e.g., utility bill).
Agree to Terms and Conditions: Review and accept the terms and conditions presented during the registration process.
Set Up Login Credentials: Create a secure username and password for your account.
Choose a Funding Method: Select a funding method (credit/debit card, bank transfer, or e-wallet) and make your initial deposit according to the minimum requirement for your chosen account type.