GFA Forex Broker

GFA Capital Markets LTD Review SummaryFounded2019Registered Country/RegionAustraliaRegulationASIC (suspicious clone)Market Instrumentsforex, metalsDemo Account✅LeverageUp to 30:1 (major FX)Spread/Trading PlatformGFA Trading PlatformMinimum Deposit$100 (Mini Account)Customer SupportEmail: gfa.customer@gfacm.com.auPhone: +61 2 8599 8111 / 8112 / 8113Address: Suite 201, Level 2, 46 Market Street, Sydney NSW 2000GFA Capital Markets LTD Information GFA Capital Markets LTD specializes in CFDs on forex and metals on its own trading platform. But it runs on a suspiciously cloned ASIC licence and isn't officially regulated. The company has several account levels and customer service available 24/7. Besides, a demo account is also available.Pros and ConsProsConsDemo account availableSuspicious clone ASIC license4 account typesLack of transparency24/7 customer serviceNo MT4/MT5 supportVarious contact channelsIs GFA Capital Markets LTD Legit?Regulatory StatusSuspicious CloneRegulated ByAustralia (ASIC)License TypeMarket Maker (MM)Licensed InstitutionGFA Capital Markets LTDLicense Number398104What Can I Trade on GFA Capital Markets LTD? GFA Capital offers CFDs on multiple asset types. Example instruments include:Tradable Instruments Supported Forex✔Metals✔Indices❌Futures❌Cryptos❌ETFs❌Bonds❌Options❌Account Types GFA offers four CFD account tiers with a minimum deposit of $100. Demo account is also available.TypeMinimum DepositLot Size (FX)Mini Account$1000.01 lotsStandard Account$2,0000.1 lotsHigh Level$30,0000.5 lotsVIP Account$300,0001 lotLeverage Leverage ranges from 2:1 (crypto) to 30:1 (major forex pairs), following ASICs restrictions.Instrument TypeMaximum LeverageMajor FX Pairs30:1Minor FX Pairs, Gold, Major Indices20:1Other Commodities, Minor Indices10:1Crypto Assets2:1Shares & Other Assets5:1GFA Capital Markets LTD Fees GFA Capital Markets LTD requires initial margin from 1%, with overnight interest applied to all rolled-over positions.Fee ItemDescriptionOvernight InterestApplied daily on rollover positions, rate based on market conditions.Margin Requirements (FX & Metals)Initial: 1%Maintenance: 0.5%Cut-off: 0.1%Trading Platform GFA provides its own GFA Trading Platform, available on all major devices:Trading PlatformSupportedAvailable DevicesSuitable ForGFA Trading Platform✔Windows, Mac, Web, iOS, Android/MT4❌/BeginnersMT5❌/Experienced traders