GLFX Forex Broker

GLFXReview SummaryFounded2021Registered Country/RegionUnited KingdomRegulationNo RegulationMarket InstrumentsForexDemo Account✅LeverageUp to 1:500SpreadFrom 0.1 pips (Standard)Trading PlatformGLFX mobile appMin Deposit$150Customer SupportPhone: +44 7476 499915Email: support@glfxlimited.comSocial Media: FaceBook，Instagram，Twitter，YouTube，LinkedInPhysical Address:#71-75, SheltonStreet, London, Greater London, WC2H9JQ, UNITED KINGDOMGLFX 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 ConsProsConsCan trade with 0 commissionNo regulationOffer demo accountNo payment method informationForeign exchange onlyIs 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 InstrumentsSupportedForex✔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 TypesMICROMINISTANDARDSpreadFrom 1.4 - 2.2 pipsFrom 1.4 - 1.8 pipsFrom 0.1 pipsExecution TypeMarket ExecutionMarket ExecutionMarket ExecutionDealing DeskNo Dealing DeskNo Dealing DeskNo Dealing DeskMinimum Deposit$150$500$5,000RolloverYESYESYESLeverage/Margin Requirements1:5001:4001:100Commission$0 FX$0 FX$8 per roundMinimum Lot0.010.010.1Trade Increment Size0.010.010.1Margin Call50.00%50.00%50.00%Stop Out30.00%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 PlatformSupportedAvailable DevicesSuitable forGLFX mobile app✔Mobile, TabletAll tradersMT4❌MT5❌Deposit and Withdrawal GLFX said it offered a variety of payment methods, but didn't provide details.