GLFX Forex Broker

GLFX Review SummaryFounded2021Registered Country/RegionUKRegulationNo regulationMarket InstrumentsForexDemo Account✅LeverageUp to 1:888SpreadFrom 0.1 pips (Standard account)Trading PlatformMetaTrader 5, GLFX APPMinimum Deposit$150Customer SupportEmail: support@glfxlimited.comTel: +44 7476 499915, +971 52 568 9366Live ChatGLFX Information GLFX was founded in 2021. The platform provides tight spreads and no commission with a minimum deposit of $100. Relied on high-performance online forex trading platforms, GLFX offers traders a diverse range of account options.Pros and ConsPros Cons Multiple account typesNo regulationDemo account availableOnly forex tradingLive chat supportLack of deposit and withdrawal detailsMT5 providedIs GLFX Legit? GLFX is not regulated by any financial regulatory authorities. Besides, its domain status shows that client transferring is prohibited. Please be aware of the risks!What Can I Trade on GLFX? GLFX provides a portfolio of over 55 currency pairs.Tradable Instruments Supported Forex✔Commodities❌Cryptos❌Bonds❌Indexes❌Stocks❌ETFs❌Account Types GLFX offers 3 types of trading accounts, each tailored to different trading styles and account sizes. In addition, GLFX provides demo accounts for beginners to practice. The accounts differ mainly in their spread structure, leverage limitation and commission fees, allowing traders to choose the best fit based on thier strategy.Account TypeMinimum DepositLeverageSpreadCommissionMICRO$1501:500From 1.4 pips$0 FXMINI$5001:400From 1.4 pips$0 FXSTANDARD$5,0001:100From 0.1 pips$8/RoundLeverage GLFX offers leverage of up to 1:888. A high leverage ratio brings high returns along with high risks.GLFX Fees Overall, GLFX's trading fees are considered resonable, especially with competitve spreads and low commissions.Account TypeSpread From (pips)Commission (per round)MICRO1.4$0 FXMINI1.4$0 FXSTANDARD0.1$8Trading PlatformTrading PlatformSupported Available Devices Suitable for MetaTrader 5 (MT5)✔Windows, iOS, AndroidExperienced tradersGLFX APP✔Mobile/MetaTrader 4 (MT4)❌/Beginners