GWFX Forex Broker keeps up-to-date with the latest trading account information, including Standard account maximum leverage of 500:1, trading varieties, and more
Rating Index
Pros
Offers high leverage options up to 1:500, allowing traders to amplify their positions.
Provides access to the popular MetaTrader 4 platform, which is user-friendly and supports automated trading.
Offers a risk-free demo account with virtual funds for practice, helping traders test strategies without financial risk.
Cons
Regulatory concerns exist, as they are associated with offshore regulations and have been labeled as a suspicious clone by the FCA.
Reported issues with slippage and stop-loss execution, raising concerns about trade execution reliability.
Limited asset offerings and higher-than-average spreads, which may not be competitive compared to other brokers in the market.
GWFX broker Accounts
Standard account
Environment
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Currency
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Maximum Leverage
500:1
SupportedEA
Minimum Deposit
200 USD
Minimum Spread
EURUSD 1.1
Depositing Method
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Withdrawal Method
--
Minimum position
0.1 lot
Commission
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Products
Forex
GWFX Global Account Type
GWFX Global offers two types of trading accounts to cater to different traders' needs:
- Standard Account
- Minimum Initial Deposit: $200
- Minimum Trade Size: Mini lots (micro lots of 0.01 are not available)
- Leverage: Up to 1:500
- Spread: Variable spread of 1.8 pips on EUR/USD
- Account Currency: USD (other currencies will be converted to USD at the market exchange rate)
- VIP Account
- Minimum Initial Deposit: $50,000
- Minimum Trade Size: 1 lot
- Designed For: Institutional clients and high-net-worth individuals
- Leverage: Up to 1:500
- Spread: Typically lower than the standard account, though specific values are not provided.
- Visit the Official Website: Go to GWFX Global.
- Select Account Type: Choose between the Standard or VIP account based on your trading needs.
- Fill Out the Registration Form: Provide necessary personal information, including your name, email, and phone number.
- Submit Required Documents: You may need to submit identification and proof of address as part of the verification process.
- Initial Deposit: Make the minimum required deposit of $200 for the Standard account or $50,000 for the VIP account.
- Start Trading: Once your account is verified and funded, you can start trading on the platform.
GWFX Global Broker Account Opening Process
To open an account with GWFX Global, follow these steps:
For more detailed information, you can refer to the source: GWFX Global Review - ForexSQ.
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