GEMFOREX Forex Broker

GemforexReview SummaryFounded2022Registered Country/RegionSeychellesRegulationFSA, FSPRMarket InstrumentsForex, Metals, Energies, IndicesDemo Account/LeverageUp to 1:500SpreadFrom 0.6 pips on the Elite accountTrading PlatformMT4 & MT5 trading platformsMin Deposit$50Customer SupportEmail: service@sunrayforex.comGemforex Information GEMFOREX is a brokerage firm based in Seychelles, under the regulation of the Financial Services Authority (FSA) of Seychelles, provides the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. Its official website of Gemforex has been blocked.Pros and ConsPros Cons Regulated BrokerOfficial website was blocked3 productsSupport MT4&MT5Minimum deposit can be 0Is Gemforex Legit? GEMFOREX is regulated by the Financial Services Authority (FSA) in the Seychelles, holding a License of SD116. (OffshoreRegulated) GEMFOREX is also regulated by the Financial Service Providers Register in New Zealand, with License of 564306. (Suspicious Clone)What Can I Trade on Gemforex? Gildencrest Capital offers traders the opportunity to trade Forex, CDFs and Indices.Tradable InstrumentsSupported Forex✔CFDS✔Indices✔Stocks❌ETFs❌Funds❌Account Types Gemforex offers three types of trading accounts, namely All-in-one accounts, Raw accounts, and Elite accounts. The “All-In-One” account option requires a minimum deposit of $50. The “Raw” account and the “Elite” account both requiring a minimum deposit of $3000. Gemforex provides “Elite” traders premium trading experience.Leverage GEMFOREX offers a maximum trading leverage of up to 1:500Gemforex Fees GEMFOREX offers a flexible range of spreads and commissions and imposes non-trading fees on certain aspects. Overnight fees may be charged. For “All-in account” and “Elite account”, GEMFOREX provide traders with a zero-commission trading environment and spreads starting from 1.3 pips and 0.6 pips respectively. However, “The raw account” charges a commission of $3.0 per lot traded and traders spreads starting from 0.0 pips.Trading Platform Aifactor's trading platform is MT4 and MT5 Margin WebTrader.Trading PlatformSupported Available Devices Suitable for MT4 Margin WebTrader✔Desktop , Mobile and WebTraderBeginnerMT5✔Desktop , Mobile and WebTraderExperiencedDeposit and Withdrawal The broker supports four payment methods: Bank Credit Card, Wire Transfer, AstroPay, and Instant Bank Transfer. The minimum deposit and withdrawal are in the following excel.Deposit Options Min. DepositProcessing Time Bank Credit Card$0InstantWire Transfer$2003-5 business daysAstroPay$0InstantInstant Bank Transfer$2003-5 business daysWithdrawal Options Min. Withdrawal Processing Time Bank Credit Card$0InstantWire Transfer$03-5 business daysAstroPay$0InstantInstant Bank Transfer$0Instant