GLFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.glfxlimited.com/trading/accounts/live, about the company's legal and temporary regulatory information, the company's address 71-75,SheltonStreet, London, Greater London, WC2H9JQ, UNITED KINGDOM.
GLFX Forex Broker
Basic information
United Kingdom
2-5 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
GLFX Information
GLFX, incorporated in the UK in 2021, offers 100+ assets and its own trading platform, as well as 3 types of accounts, which can support 0 commission trading. Currently, GLFX is not regulated.
Pros and Cons
| Pros | Cons |
| Can trade with 0 commission | No regulation |
| Offer demo account | No payment method information |
| Foreign exchange only |
Is GLFX Legit?
GLFX is unregulated and its website was registered in 2021.
What Can I Trade on GLFX?
GLFX says more than 100 assets are available for trading, mainly forex.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious metals & Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETF | ❌ |
Account Types
GLFX has 3 account types for traders to choose from: Micro, Mini, Standard.
Among them, the minimum deposit requirement is $150, and the maximum leverage is 1:500.
| Account Types | MICRO | MINI | STANDARD |
| Spread | From 1.4 - 2.2 pips | From 1.4 - 1.8 pips | From 0.1 pips |
| Execution Type | Market Execution | Market Execution | Market Execution |
| Dealing Desk | No Dealing Desk | No Dealing Desk | No Dealing Desk |
| Minimum Deposit | $150 | $500 | $5,000 |
| Rollover | YES | YES | YES |
| Leverage/Margin Requirements | 1:500 | 1:400 | 1:100 |
| Commission | $0 FX | $0 FX | $8 per round |
| Minimum Lot | 0.01 | 0.01 | 0.1 |
| Trade Increment Size | 0.01 | 0.01 | 0.1 |
| Margin Call | 50.00% | 50.00% | 50.00% |
| Stop Out | 30.00% | 30.00% | 20.00% |
GLFX Fees
Spreads start at 1.4-2.2 pips for Mirco accounts, 1.4-1.8 pips for Mini accounts, and from 0.1 pips for Standard accounts. The commission for the first two accounts is $0 and the commission for the latter is $8 per round.
Trading Platform
GLFX's trading platform is the GLFX mobile app, which is available on both mobile and tablet devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| GLFX mobile app | ✔ | Mobile, Tablet | All traders |
| MT4 | ❌ | ||
| MT5 | ❌ |
Deposit and Withdrawal
GLFX said it offered a variety of payment methods, but didn't provide details.
hd7108
United Arab Emirates
Smooth and efficient. Deposits land quickly, often within a day, and withdrawals are reliably processed within a couple of days.
Positive
2024-06-27