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GFS Forex broker specializes in providing foreign exchange trading services, the company's official website https://portal.gfs-m..., the company's legitimate regulatory information AustraliaASICAppointed Representative(AR) to enhance the security of the company's address Flat A & B, 15F Amiata Industrial Building, 58-64 Lei Muk Road, Kwai Chung, New Territories, Hong Kong

GFS Forex Broker

Basic Information

Registered Region
Australia
Operating Period
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Company Name
Global Futures Services Limited
Abbreviation
GFS
Company employee
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Customer Service Email Address
support@gfs-markets.com
Contact Number
+85230022272
Company Website
Company address
Flat A & B, 15F Amiata Industrial Building, 58-64 Lei Muk Road, Kwai Chung, New Territories, Hong Kong
Keywords
5-10 years
Regulated in Australia
Appointed Representative(AR)
MT5 Full License
Regional Brokers
High potential risk

Company profile

Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information GFS Review Summary in 10 Points Founded 2013 Registered Country/Region Australia Regulation ASIC Market Instruments Forex, CFDs, stocks, cryptocurrencies, indices Demo Account N/A Leverage 1:500 EUR/USD Spread From 0.8 points Trading Platform MT5, Webtrader Minimum Deposit N/A Customer Support 24/5 online messaging, phone, email What is GFS? GFS is an ASIC - regulated online forex broker that was established in 2013, offering trading on a wide range of trading instruments, including forex, CFDs, stocks, cryptocurrencies, and indices through the MetaTrader5 platform. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance. Pros & Cons Pros Cons • Regulated by ASIC • Regional restrictions • Wide range of trading instruments offered • No info on accounts and commissions • Spreads as low as 0.8 points on more than 60 currency pairs • Limited info on deposit/withdrawal • MT5 supported • 24/5 multi-channel support GFS Alternative Brokers There are many alternative brokers to GFS depending on the specific needs and preferences of the trader. Some popular options include: Swissquote: a reliable and established broker with a wide range of trading instruments and tight spreads. Exness: a broker with a wide range of account types and leverage options. LiteForex: a broker with a user-friendly platform and low fees. Here is a more detailed comparison of the three brokers: Feature GFS Swissquote Exness LiteForex Regulation ASIC FCA, MFSA, FINMA, DFSA CySEC, FCA, FSCA CySEC Trading instruments Forex, CFDs, stocks, cryptocurrencies, indices Forex, CFDs, stocks, ETFs, bonds, indices Forex, CFDs, stocks, cryptocurrencies, indices EUR/USD Spread From 0.8 points Average 0.2 pips Average 0.1 pips Average 0.3 pips Leverage 1:500 1:30 for retail 1:888 for professional 1:30 for retail Account types N/A Standard, Pro, VIP Standard, Raw Spread, Zero Spread, Pro, Expert Standard, ECN, Zero, Cent Fees N/A Deposit fees of 1% for credit/debit cards, 0% for bank transfers No deposit fees Platforms MetaTrader5, Webtrader MetaTrader4, MetaTrader5, cTrader MetaTrader4, MetaTrader5 Customer support 24/5 online messaging, phone, and email 24/5live chat, phone, and email Ultimately, the best broker for you will depend on your individual needs and preferences. It is important to do your own research and compare different brokers before making a decision. Is GFS Safe or Scam? GFS is a forex broker that is regulated by the Australian Securities & Investments Commission (ASIC, No. 001299400). ASIC is a reputable financial authority that sets high standards for its regulated brokers. This means that GFS is required to comply with a number of regulations designed to protect its customers, such as: Keeping client funds segregated from company funds Providing fair and transparent trading conditions Having adequate financial resources to meet its obligations to its customers However, being regulated by ASIC does not guarantee that GFS is a safe broker. There have been cases of ASIC-regulated brokers engaging in fraudulent or unethical practices. It is important to do your own research before opening an account with any broker, regardless of its regulation. If you are concerned about the safety of GFS, you can contact the ASIC to ask questions or file a complaint. You can also contact other regulatory authorities, such as the Financial Conduct Authority (FCA) in the United Kingdom or the Commodity Futures Trading Commission (CFTC) in the United States. Ultimately, the decision of whether or not to open an account with GFS is up to you. If you are comfortable with the risks involved and you think the broker's features and offerings are a good fit for your trading needs, then you may want to consider opening an account. However, if you are not sure, it is always best to do more research and compare GFS to other brokers before making a decision. Market Instruments GFS offers a wide range of trading instruments, including: Forex: GFS offers over 100 currency pairs to trade, including major, minor, and exotic pairs. Stocks: GFS offers trading in stocks from over 20 stock exchanges around the world, including the New York Stock Exchange (NYSE), the London Stock Exchange (LSE), and the Tokyo Stock Exchange (TSE). Cryptocurrencies: GFS offers trading in over 20 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Indices: GFS offers trading in indices from over 10 different countries, including the S&P 500, the Dow Jones Industrial Average, and the Nikkei 225. Commodities: GFS offers trading in commodities, such as gold, silver, oil, and natural gas. Leverage Leverage is a financial tool that allows traders to control a larger position than they would be able to with their own capital. This is done by borrowing money from the broker to fund the trade. GFS offers a maximum leverage of 1:500. This means that for every $1 you deposit, you can control a position worth $500. For example, if you deposit $100 and trade EUR/USD with a leverage of 1:500, you will be able to control a position worth $50,000. Leverage can magnify your profits, but it can also magnify your losses. If the market moves against you, you could lose more money than you deposited. It is important to use leverage carefully and to understand the risks involved before using it. Spreads & Commissions GFS offers spreads as low as 0.8 points on more than 60 currency pairs. This means that for every $100 you trade, you will pay a spread of $0.8. For example, if you trade EUR/USD with a spread of 0.8 points, you will pay $0.8 when you open the trade and $0.8 when you close the trade. However, GFS does not reveal any info on commissions. Below is a comparison table about spreads and commissions charged by different brokers: Broker EUR/USD Spread Commission GFS 0.8 pips N/A Swissquote 0.2 pips 0.1% Exness 0.1 pips $2 per lot LiteForex 0.3 pips $6 per lot It is important to note that these spreads are subject to change. You should always check the broker's website for the most up-to-date information. Trading Platforms GFS offers MetaTrader 5 (MT5) as its trading platform. MT5 is a popular platform that is used by millions of traders around the world. It offers a wide range of features and tools, including: Real-time market data: MT5 provides real-time market data for all of the major trading instruments. Charting tools: MT5 offers a wide range of charting tools, including technical indicators, drawing tools, and backtesting capabilities. Order execution: MT5 offers a variety of order execution methods, including market orders, limit orders, and stop-loss orders. Risk management tools: MT5 offers a variety of risk management tools, such as stop-losses and trailing stops. Automated trading: MT5 allows traders to automate their trading strategies using Expert Advisors (EAs). See the trading platform comparison table below: Broker Trading Platform GFS MetaTrader5, Webtrader Swissquote MetaTrader4, MetaTrader5, cTrader Exness MetaTrader4, MetaTrader5 LiteForex MetaTrader4, MetaTrader5 As you can see, all four brokers offer MetaTrader4 and MetaTrader5 as their trading platforms. MetaTrader4 and MetaTrader5 are the most popular trading platforms in the world, and they offer a wide range of features and tools for traders. Swissquote also offers cTrader, which is a newer trading platform that offers some unique features, such as a built-in charting tool and a market maker-free execution model. GFS and LiteForex only offer MetaTrader4 and MetaTrader5, but they both offer web-based trading platforms that can be accessed from any computer with an internet connection. Ultimately, the best trading platform for you will depend on your individual needs and preferences. If you are familiar with MetaTrader4 or MetaTrader5, then any of the four brokers would be a good option. If you are looking for a newer trading platform with unique features, then Swissquote may be a better choice. Trading Tools GFS provides a range of trading tools to assist its customers in making informed investment decisions. One of the notable tools offered by GFS is an Economic Calendar. This calendar compiles and displays key economic events, such as central bank meetings, economic data releases, and other significant financial indicators. The Economic Calendar helps traders stay updated on important events that can impact the financial markets, allowing them to anticipate potential market movements and adjust their trading strategies accordingly. By providing this tool, GFS empowers its customers with valuable information to make well-informed trading decisions based on the latest economic developments. Deposits & Withdrawals GFS does not specify deposit and withdrawal, but from the logos at the foot of the home page, we found that GFS appears to accept a variety of deposit and withdrawal methods, including: Credit/debit cards: GFS accepts MasterCard and Visa. E-wallets: GFS accepts Skrill, Neteller, and UnionPay. Bank transfer: GFS accepts bank transfers in a variety of currencies. GFS minimum deposit vs other brokers GFS Most other Minimum Deposit N/A $100 Customer Service The customer service of GFS is designed to provide convenient and accessible support to its customers. With a 24/5 availability, customers can reach out to GFS for assistance through various channels. They can engage in online messaging, where they can communicate with a representative in real-time, ensuring quick and efficient responses to their queries or concerns. Additionally, customers can contact GFS through the provided phone number, +41 77 226 63 93, allowing for direct and personalized assistance. For those who prefer written communication, GFS offers an email address, cs@gfsmarkets.co, where customers can send their inquiries or feedback. To further assist customers, GFS also provides an FAQ section, which likely contains answers to commonly asked questions, enabling users to find information independently. Overall, GFS customer service aims to provide reliable and responsive support, catering to the needs of its clients. Pros Cons • 24/5 availability • No 24/7 support • Multiple contact ways • No live chat support • FAQ section offered • No social media presence Note: These pros and cons are subjective and may vary depending on the individual's experience with GFS's customer service. Conclusion GFS is a regulated broker that offers a wide range of trading instruments through the leading MT5 platform. However, it's always a good idea to conduct your own research, read customer reviews, and consider multiple sources of information before making any decisions or forming opinions about a financial service provider. Frequently Asked Questions (FAQs) Q 1: Is GFS regulated? A 1: Yes. It is regulated by Australia Securities & Investment Commission (ASIC, No. 001299400). Q 2: At GFS, are there any regional restrictions for traders? A 2: Yes. The information on this site is not directed at residents of the United States, Belgium, North Korea or any particular country outside the Hong Kong and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Q 3: Does GFS offer the industry leading MT4 & MT5? A 3: Yes. It supports MT5 for Windows, Android, MacOS, iOS andWeb Trader. Q 4: Is GFS a good broker for beginners? A 4: No. It is not a good choice for beginners. Though it is regulated well and offers the leading MT5 trading platform, it lacks transparency in trading conditions.

Rating Index

Account

Minimum Deposit
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How to login to GFS?
gfs Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a gfs Account Registering for a gfs account is the first step to accessing the platform's services. Heres a detailed guide on how to complete the gfs registration pro

  

GFS Forex Broker - Complete Information Guide

  

1. Broker Overview

  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.

  

2. Regulation and Compliance Information

  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.

  

3. Trading Products and Services

  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.

  

4. Trading Platforms and Technology

  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.

  

5. Account Types and Trading Conditions

  GFS offers a single account type without minimum deposit requirements, making it accessible for traders of all experience levels. The trading conditions include:

  • Minimum Deposit: No minimum deposit required.
  • Spreads: Starting from 0 pips, with trading fees of $10 per lot.
  • Leverage: Up to 1:500, allowing traders to control larger positions with a smaller amount of capital.
  • Minimum Trade Size: As low as 0.01 lots.
  • Overnight Fees: Standard overnight fees apply, which are dependent on the positions held.

  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.

  

6. Funds Management

  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.

  

7. Customer Support and Educational Resources

  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.

  

8. Regional Coverage and Restrictions

  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.

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Latest Reviews

FX7253863132

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

FX3342677107

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

FX4260779925

Vietnam

I cannot withdraw money to my bank account

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2024-08-30

GFS Forex Broker has an overall rating of 2.13, Regulatory Index 3.51, License Index 0.00, Business Index 7.20, Software Index 7.94 Risk Control Index 0.00.