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Gloffix foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.gloffix.com/open-real-account/, about the company's legal and temporary regulatory information, the company's address P.O. Box 1405, Majuro , Marshall Islands.

Gloffix Forex Broker

Basic Information

Registered Region

Marshall Islands

Operating Period

Company Name

Advaniq LTD

Abbreviation

Gloffix

Company employee

Customer Service Email Address

Support@gloffix.com

Company Website

https://gloffix.com/

Company address

P.O. Box 1405, Majuro , Marshall Islands

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Note: For some unknown reason, we cannot open Gloffixs official site (https://gloffix.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. 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 & Regulation Gloffix, a trading name of GLF INTERNATIONAL LTD, is allegedly a forex and CFD broker founded in 2009 and registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 1:1000 and floating spreads from 1.2 pips on the MT4 and Sirix WebTrader trading platforms, as well as a choice of five different live account types. Here is the home page of this brokers official site: As for regulation, it has been verified that Gloffix does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.32/10. Please be aware of the risk. Market Instruments Gloffix advertises to offer a wide variety of instruments across 5 asset classes, including forex, stock CFDs, commodities, indices and cryptocurrencies. 55 currency pairs – majors and minors 40+ stocks - Adidas, Pfizer, etc. 7 commodities – standards and energies 11 indices – CAC40, FTSE100, NASDAQ 9 cryptocurrencies Account Types Apart from free demo accounts, there are also 5 different account types offered by Gloffix, namely Classic, Silver, Gold, VIP and Black. The minimum initial deposit to start a Classic account is $/€250, while the other four account types have much higher minimum initial capital requirements of $/€2,500, $25,000, $/€100,000 and $/€200,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. Leverage Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Classic account can experience leverage of 1:100, the Silver, Gold and VIP accounts can enjoy a higher leverage ratio of 1:200, 1:300 and 1:400 separately, while only the Black account holders have tailored leverage. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage. Spreads Spreads available at Gloffix can be fixed or floating. The average EUR/USD cost of trade is said to be 1.2 pips. Trading Platform Available Gloffix gives traders two choices of trading platforms: MetaTrader4 and Sirix WebTrader. It is well known that MetaTrader4 is a hallmark in the industry and very popular with forex brokers. Not only for its excellent package of trading tools and instruments, but also for its humanized charting options and an array of technical analysis indicators that help traders predict the future direction of exchange rates and make a profit. By contrast, Sirix WebTrader offers social trading where less experienced traders can follow and copy the transactions of more experienced ones. Deposit & Withdrawal Gloffix advertises that it provides multiple deposit and withdrawal options: credit/debit card, wire transfer, Skrill and Neteller. The minimum initial deposit requirement is said to be $/€250. Bonuses & Fees Gloffix claims to offer a welcome bonus. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators. This broker also charges an inactivity fee. Specifically, trading accounts which stay inactive for 60 days will be charged a $10 monthly fee, while dormant accounts exceeding 12 months of inactivity will be charged a quarterly fee of $250. Customer Support Gloffixs customer support can be reached by telephone: +441283896000, 02039873196, 02039873137, email: Support@gloffix.com. Company address: Apartment 61 Pelham House 65 Great Peter Street London, United Kingdom. P.O. Box 1405, Majuro, Marshall Islands. Banishora, bl 56/A/5/15, 1233 Sofia, Bulgaria. Pros & Cons Reviews Lorenzo G. - October 3rd, 2022 A fraudulent company, do not invest! I was defrauded. It was such a nightmare and I thought I had lost everything, and even kept me worried if I was ever going to see my money back. I can tell you it is 100percent possible with help of Assetscoy. After losing a huge amount to this fake trading company that never truly does their work, my life was devastated until assetscoy001 outlook com, came across to guide me through recovering it and my life became restored. I am charging you all victims to report to them for more information and guidance. Larry L. - March 12th, 2022 Unfortunately, I didn't start trading with this SCAM company, because most of the core features don't work and no one really cares. Taking the Platinum/VIP status makes no difference. Answers are dumb and useless. So much stress and lost opportunities. The worst stock broker I ever worked with. Dragan Rakic - Oct 27th, 2021 0 Stars !!! Zero Stars …. ❌❌❌ Attention ❌❌❌ Mafia@Work No Comment No Infos / No Chat !!! Ann Rainbird - October 12th, 2021 To anyone who has invested with Gloofix I recommend you change your credit cards bank details etc. and DO NOT open any desk for them, it gives them access to everything you have on your computer, what you don't give them they will take illegally anyway. Try and get your money out now, and do not give them anymore. Gloffix has not operated legally since Jan 2021 see company house, they are now Neosava international another scam company no doubt. Good luck. Carol - August 31st, 2021 Gloffix is a scam broker. They scammed me for $250 which was a deposit. After I deposited on Friday then on Monday I wanted to start trading but there was nothing in my account. I tried to contact customer care, they said it was a mistake they were going to rectify. After that my account was deleted, when I tried to log in my account it said there was no account with my logins. I reported to customer support, but they couldn‘t help. I signed up with the same details I used for the previous account and that is when I realized that my account was deleted. The second sign-up went through and I received a call from the so-called account manager. I told him what happened and he told me that they were going to fix the mistake but they haven’t toll now. Stay away from Gloffix they are just scammers.

Gloffix broker review

Is Gloffix safe or scam

Rating Index

BLACK ACCOUNT

Minimum Deposit

200000 €/$

VIP ACCOUNT

Minimum Deposit

100000 €/$

Gloffix Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Gloffix, established in 2009, is an online forex broker that offers a wide range of trading services to its clients. The company is registered under the name Advan IQ Ltd and operates from multiple locations, including its headquarters in Marshall Islands and an office in London, United Kingdom. Gloffix is a privately held company, which means it is not publicly traded on any stock exchange.

　　The primary markets served by Gloffix include retail forex traders, institutional clients, and investors seeking to trade various financial instruments. Over the years, Gloffix has developed a reputation for providing access to a diverse array of trading products, including forex, CFDs, commodities, and cryptocurrencies. The broker has experienced significant growth since its inception, continuously expanding its offerings and client base.

　　Gloffix operates on a market-making model, allowing it to provide liquidity and execute trades for its clients. The broker claims to prioritize customer satisfaction by offering competitive trading conditions, a user-friendly trading platform, and a variety of educational resources to assist traders in making informed decisions.

2. Regulatory and Compliance Information

　　Gloffix operates under a regulatory framework that has raised concerns among traders and financial authorities. It is important to note that Gloffix is not regulated by any major financial authority, which poses risks for potential investors. The broker has been flagged by the Financial Conduct Authority (FCA) in the UK, which issued a warning stating that Gloffix is providing financial services without authorization. This warning highlights that clients dealing with Gloffix are not eligible for protection under the Financial Services Compensation Scheme (FSCS).

　　The lack of regulation means that Gloffix does not have a regulatory license number, and its operations are not overseen by any reputable financial regulatory body. Furthermore, Gloffix does not participate in any investor compensation schemes, which increases the risk for traders.

　　Regarding client fund protection, Gloffix claims to implement measures to segregate client funds from its operational funds. However, without regulatory oversight, the effectiveness of these measures cannot be guaranteed. The broker states that it adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance practices, but the absence of regulation raises questions about the enforcement of these policies.

3. Trading Products and Services

　　Gloffix offers a diverse range of trading products, catering to various trading preferences and strategies. The broker provides access to over 50 forex currency pairs, including major, minor, and exotic pairs. This variety enables traders to engage in extensive forex trading opportunities.

　　In addition to forex, Gloffix offers Contracts for Difference (CFDs) across multiple asset classes, including:

Indices: Access to major global indices such as the FTSE 100, CAC 40, and NASDAQ.
Commodities: Trading in key commodities, including gold, silver, and oil.
Stocks: A selection of over 40 stocks from prominent companies.
Cryptocurrencies: Trading options for popular cryptocurrencies like Bitcoin, Ethereum, and Ripple.

　　Gloffix frequently updates its product offerings to meet market demands, but specific details on the frequency of updates were not available in the public domain. The broker primarily focuses on retail trading services, with no substantial mention of institutional services or white-label solutions.

4. Trading Platforms and Technology

　　Gloffix provides its clients with access to the widely used MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and robust trading tools. In addition to MT4, Gloffix also offers its proprietary web-based trading platform, which allows traders to execute trades directly from their browsers without the need for downloads.

　　The broker supports mobile trading applications compatible with both iOS and Android devices, ensuring traders can manage their accounts and execute trades on the go. Gloffix operates on a market-making execution model, which may affect the spread and pricing offered to clients.

　　The technical infrastructure of Gloffix is designed to provide fast execution speeds and reliable performance. However, specific details regarding server locations and advanced technical capabilities were not disclosed in the available information. The broker does not explicitly mention support for API access or automated trading features.

5. Account Types and Trading Conditions

　　Gloffix offers several account types to cater to the varying needs of its clients. The primary account types include:

Classic Account: Requires a minimum deposit of $250, with standard trading conditions.
Silver Account: Typically requires a higher minimum deposit for enhanced features.
Gold and VIP Accounts: Aimed at more experienced traders, offering additional benefits and features.

　　The minimum deposit requirement for opening an account with Gloffix is relatively low compared to industry standards, but the specific conditions for each account type, such as spreads and commissions, were not detailed in the available sources. The broker provides leverage options up to 1:400, which is higher than many regulated brokers allow.

　　Additionally, Gloffix does not appear to offer a demo account, which may limit the ability of new traders to practice before committing real funds. The minimum trade size and overnight fees were also not specified in the available information.

6. Fund Management

　　Gloffix supports various deposit methods, including bank transfers, credit/debit cards, and popular e-wallets like Skrill and Neteller. The minimum deposit requirement varies by account type, with the lowest being $250.

　　The processing time for deposits is typically immediate, allowing traders to start trading without significant delays. However, specific details regarding deposit fees were not provided in the available sources.

　　For withdrawals, Gloffix offers similar methods as deposits, but the processing time and any associated fees for withdrawals were not clearly outlined. Clients may face limitations on withdrawal amounts or additional verification requirements, which could delay access to funds.

7. Customer Support and Educational Resources

　　Gloffix provides customer support through multiple channels, including telephone, email, and online chat. The support service is available 24/5, catering to the needs of traders in various time zones. The broker supports several languages, including English, Arabic, Chinese, German, and Spanish, to accommodate its diverse client base.

　　In terms of educational resources, Gloffix offers a range of materials designed to help traders improve their skills and knowledge. These resources include webinars, tutorials, e-books, and market analysis services, providing valuable insights into market trends and trading strategies.

　　Traders can also access various trading tools, such as calculators, economic calendars, and signal services, to assist in their trading decisions.

8. Regional Coverage and Restrictions

　　Gloffix primarily serves international markets, targeting clients from various regions. However, the broker does not accept clients from certain jurisdictions, including the United States, Canada, Japan, and several other countries. This restriction is likely due to regulatory compliance issues and the broker's unregulated status.

　　The absence of a physical presence in multiple regions may limit Gloffix's ability to provide localized services or support. Potential clients are encouraged to review the broker's terms and conditions for a comprehensive list of countries where services are available or restricted.

　　In conclusion, while Gloffix presents a range of trading opportunities and services, potential clients should exercise caution due to the broker's unregulated status and the associated risks. It is advisable to conduct thorough research and consider regulated alternatives before engaging with Gloffix broker.

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