GFS, or Global Femic Services Ltd., was established in 2013 and is headquartered in Hong Kong, with its primary office located at Flat A & B, 15F Amiata Industrial Building, 58-64 Lei Muk Road, Kwai Chung, New Territories, Hong Kong. The company operates as a private entity, primarily engaged in providing retail forex and CFD trading services to a diverse range of clients, including individual traders and institutional clients.
Over the years, GFS has made significant strides in the financial services sector, focusing on enhancing its trading platform and expanding its product offerings. The broker has established a reputation for offering competitive trading conditions, although it has faced challenges related to regulatory compliance and customer satisfaction.
GFS operates under the umbrella of Global Femic Services Ltd., which is its parent company, providing a range of financial services, including forex trading, CFDs on stocks, indices, commodities, and cryptocurrencies. The broker's business model is primarily centered around retail forex trading, catering to both novice and experienced traders.
GFS is regulated by the Australian Securities and Investments Commission (ASIC), holding the license number 001299400. This regulatory oversight ensures that GFS adheres to strict standards of conduct, including the safeguarding of client funds and the provision of transparent trading conditions. The license is valid for a wide range of financial activities, including forex and CFD trading.
In addition to ASIC, GFS operates under various legal entities in different regions, ensuring compliance with local regulations. The broker implements a robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policy to prevent fraudulent activities and to protect its clients.
Client funds are kept in segregated accounts, which means that they are separate from the broker's operational funds, providing an additional layer of security for traders. However, GFS does not currently participate in any investor compensation schemes, which may be a consideration for potential clients.
GFS offers a comprehensive range of trading products, including over 100 currency pairs, covering major, minor, and exotic currencies. Additionally, the broker provides CFDs on various asset classes, including indices, commodities, stocks, and cryptocurrencies. The diversity of trading instruments allows clients to engage in various trading strategies and to manage their risk effectively.
The broker is known for its competitive spreads and trading fees, with raw spreads starting from 0 pips on certain currency pairs. GFS also offers a free demo account for traders to practice their strategies without financial risk. The trading conditions are designed to be transparent, ensuring that clients have a clear understanding of the costs associated with their trades.
GFS is committed to keeping its product offerings updated, regularly introducing new instruments based on market demand and client feedback. This adaptability allows the broker to cater to the evolving needs of its clients, making it a competitive player in the forex market.
GFS provides its clients with access to the MetaTrader 5 (MT5) trading platform, which is widely recognized for its user-friendly interface and advanced trading capabilities. The platform supports various trading styles, including scalping and automated trading through Expert Advisors (EAs). GFS does not currently offer other trading platforms, focusing solely on MT5 to ensure a streamlined trading experience.
In addition to the desktop version, GFS offers a web-based trading platform and mobile applications for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. The broker's technological infrastructure is robust, featuring high-speed execution and reliable server connectivity to ensure minimal downtime.
GFS also supports API access for algorithmic trading, enabling clients to integrate their trading systems with the broker's platform. This flexibility is particularly beneficial for institutional clients and experienced traders looking to implement complex trading strategies.
GFS offers a single account type without minimum deposit requirements, making it accessible for traders of all experience levels. The trading conditions include:
While GFS does not offer multiple account types, the single account structure simplifies the onboarding process for new clients. This approach allows traders to focus on their trading strategies without being overwhelmed by various account options.
GFS supports a variety of deposit methods, including bank transfers, credit cards, and popular electronic wallets. The broker does not impose any deposit fees, making it cost-effective for clients to fund their accounts. The processing time for deposits is typically swift, ensuring that clients can start trading without unnecessary delays.
Withdrawal methods include bank transfers, credit cards, and electronic wallets, with no withdrawal fees charged by GFS. However, clients should be aware that payment providers may impose their own fees. Withdrawal requests are processed within 24 hours, ensuring timely access to funds.
The broker's transparent fee structure and absence of hidden charges contribute to a positive trading environment, allowing clients to manage their funds effectively.
GFS provides customer support through multiple channels, including phone, email, and live chat. The support team is available 24/5, ensuring that clients can receive assistance during trading hours. The broker offers support in several languages, catering to its diverse client base.
While GFS lacks extensive educational resources, it does provide some basic materials to help traders understand the platform and its features. The absence of comprehensive education and market analysis services may be a drawback for novice traders seeking guidance.
However, GFS does offer market analysis services, including daily reports and insights, to help clients make informed trading decisions. The broker's commitment to customer support and service quality is reflected in positive feedback from clients regarding its responsiveness and helpfulness.
GFS primarily serves clients in Ireland and other regions where it is legally permitted to operate. The broker has established a presence in multiple markets, allowing it to cater to a diverse clientele. However, GFS does not provide services to residents of certain countries, including Belgium, North Korea, and others, due to regulatory restrictions.
The broker's regional offices and support services are designed to meet the needs of its clients in various locations, ensuring compliance with local regulations and providing tailored support. While GFS is focused on expanding its market reach, it remains committed to maintaining high standards of service and regulatory compliance.
In summary, GFS is a forex broker that offers a range of trading products and competitive trading conditions through the MetaTrader 5 platform. While it has faced challenges related to regulatory compliance and customer satisfaction, its commitment to transparency and client support positions it as a viable option for traders looking to engage in forex and CFD trading. The broker's focus on providing a user-friendly trading experience and its diverse product offerings make it a noteworthy player in the forex market.
FX3342677107
Norway
They deleted and deactived my account after I tried to connect again to Metatrader 5 and contact them. I tried to ask the customer service and they did not answer. Then, I sendt the messenger angrily and them if the platform was a scam, and the day after they locked and deactived my account without any message and comfirmation. I have lost all money invested in such a stupid, , greedy and dirty platform. Please never ever invest your money in this shit.
Exposure
01-13
FX4260779925
Vietnam
I cannot withdraw money to my bank account
Exposure
2024-08-30
FX7253863132
Australia
There's severe slippage in the stop-loss settings, high transaction fees, and today the Australian site link was suddenly closed. Can't access the site or log in, all the money is in the trading account. Customer service replies they currently do not accept KYC documents from Australia, so no Australian investors can currently take back the money in their accounts. Be careful in other countries, it might also happen.
Exposure
04-16