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Pros

GQFX offers a free demo account with virtual funds, allowing traders to practice without risk.
The broker provides a variety of payment options, including credit cards and popular e-wallets, making it convenient for clients.
GQFX utilizes the widely popular MetaTrader 4 platform, which is user-friendly and supports various trading functionalities.

Cons

GQFX is regulated by Belize's IFSC, which may not provide the same level of investor protection as stricter regulators like the UK's FCA.
The leverage offered by GQFX is considered low compared to other brokers, potentially limiting trading opportunities for experienced traders.
The trading conditions, such as spreads, are described as average, which may not be competitive compared to other brokers in the market.

GQFX broker Accounts

GQFX Account Type

GQFX offers two types of accounts for traders: Live Accounts and Demo Accounts. The Live Account is designed for real-time trading with actual funds, requiring a minimum deposit of $100. This account type allows traders to access various financial instruments, primarily focusing on forex trading. The Demo Account is available for practice trading, providing users with a virtual balance to simulate trading without risking real money. Specific details about the features and trading conditions of these accounts are not fully disclosed.

GQFX Broker Account Opening Process

To open an account with GQFX, follow these steps:

  • Visit the GQFX Website: Navigate to the official GQFX website.
  • Click on "Open Account": Look for the "Open Account" button and click it.
  • Fill in Your Information: Provide your email address and phone number in the registration form.
  • Verify Your Email: Check your email inbox for a verification code sent by GQFX.
  • Enter the Verification Code: Input the code in the designated field to proceed.
  • Set Up Your Account: Choose a nickname for your account (it should consist of half-width characters) and create a password.
  • Confirm Your Password: Re-enter your password to confirm it.
  • Submit Required Documents: You will need to provide identification documents such as a passport and proof of residence for account verification.
  • By completing these steps, you will successfully open an account with GQFX.

GQFX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
GQFX Account