Glofen Forex Broker

Glofen Review Summary Founded2019 Registered Country/RegionUnited Kingdom RegulationNo regulation Market Instruments2,250+ CFDs, Forex, Commodities, Stocks, Indices, Bonds, Cryptocurrencies Demo Account✅ LeverageUp to 1:1000 SpreadFrom 0.0 pips Trading PlatformProprietary Platform Minimum Deposit$500 Customer SupportLive chatGlofen Information Glofen is an unregulated broker that started in 2019 and is based in the UK. It offers trading on more than 2,250 CFD instruments with leverage up to 1:1000 and spread from 0.0 pips on its proprietary platform. The minimum deposit is as high as $500.Pros and Cons ProsCons 2,250+ tradable CFD instruments across asset classesNo regulation Multiple account typesUnclear fee structure Demo accountsNo MT4/MT5 Live chat supportHigh minimum deposit Unknown payment methodsIs Glofen Legit? Glofen is registered in the UK, but it is not regulated by the UK's Financial Conduct Authority (FCA) or licensed by any other well-known global regulatory bodies, such as the Australian Securities and Investments Commission (ASIC) or the U.S. Commodity Futures Trading Commission. Please be aware of the risk! WHOIS records show that the domainglofen.com was registered on October 29, 2019, and is still live. The domain was last updated on October 30, 2024, and it will end on October 29, 2025. The status of the domain is “client transfer prohibited.”What Can I Trade on Glofen? Glofen has more than 2,250 tradable CFD instruments in a wide range of asset types. There are 61 currency pairs, 25 indices, 24 commodities, 21 cryptocurrencies, 9 bonds, and over 2,100 stock CFDs. Trading InstrumentsSupported CFDs✔ Forex✔ Commodities✔ Indices✔ Stocks✔ Cryptos✔ Bonds✔ Options❌ ETFs❌Account Type Glofen has five categories of accounts, each with a higher necessary balance and daily return on investment (ROI). It also provides demo accounts for practicing. Account TypeRequired BalanceDaily ROI Silver (Trail)$5001.50% Gold$5,0002.00% Platinum$10,0004.00% Platinum Pro$20,0004.50% Diamond $100,0005.00%Leverage Glofen gives traders up to 1:1000 leverage, which means they can open trades that are up to 1,000 times the value of their actual investment. However, high leverage can greatly enhance possible earnings, but it also greatly increases the chance of big losses.Trading Platform Trading PlatformSupportedAvailable DevicesSuitable for Proprietary Platform✔Desktop, Web, Mobile/ MetaTrader 4 (MT4)✘–Beginners MetaTrader 5 (MT5)✘–Experienced traders