English

GPFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.greenpowerfx.com, about the company's legal and temporary regulatory information, the company's address .

GPFX Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

GreenPowerFX Limited

Abbreviation

GPFX

Company employee

Customer Service Email Address

support@GPFX.co

Company Website

https://www.greenpowerfx.com

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Note: GPFX official site - https://www.greenpowerfx.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. GPFX Review Summary Registered Country/Region China Regulation No regulation Market Instruments Forex, etc. Demo Account N/A Max. Leverage N/A Spread From 1.4 pips (Standard account) Trading Platforms N/A Minimum Deposit $10 Customer Support Email: support@GPFX.co What is GPFX？ GPFX is a financial trading platform that specializes in forex trading. They offer four types of accounts to cater to a variety of trading needs and budget capacities: Micro, Standard, ECN, and ECN Pro, with minimum deposit requirements ranging from $10 to $2500. However, it currently lacks valid regulations and its website is unavailable. Pros & Cons GPFX caters to a range of traders' needs with its diverse account types, Micro, Standard, ECN, and ECN Pro, each requiring varying minimum deposits and providing differing spreads and commissions. This tailored structure offers flexibility, accommodating different trading strategies and capital capabilities. Pros Cons Variety of account types Lack of valid regulation Diverse deposit requirements, spreads, and commissions for different account types Website is currently unavailable Limited customer service avenues However, GPFX's lack of valid regulation is a substantial drawback. Regulatory oversight ensures that platforms operate within numerous laws and standards, safeguarding the interests of traders. The unavailability of the GPFX website raises credibility concerns and limits access to important operational information. Lastly, while email support is valuable, the absence of other customer service avenues such as live chat or phone support could reduce the efficiency of problem resolution. Is GPFX Legit or a Scam？ When considering the legitimacy of a trading platform, having valid regulations, and a functional website are fundamental indicators. With GPFX, it's concerning that the platform currently lacks any valid regulations. This absence of oversight might pose a risk to client's investments, as regulatory bodies exist to ensure that trading platforms adhere to established laws and standards, thereby assuring the security of traders' funds. Additionally, the absence of a functioning website for GPFX raises serious questions about its credibility. A well-maintained, accessible website serves as the main source of information and a key contact point for legitimate online businesses. Given these glaring issues - the absence of any regulatory oversight and an inaccessible website, aspiring investors must remain cautious while dealing with GPFX. It's crucial to carry out diligent research into a platform's legitimacy before investing funds. Opting for platforms under the purview of renowned regulatory bodies can offer additional security and peace of mind. Market Instruments GPFX's primary focus appears to be forex trading. However, due to the unavailability of their website, concrete information about their full range of market instruments is unknown. Account Types GPFX offers four types of trading accounts tailored to cater to the varying needs and capacities of traders. Account Type Minimum Deposit Micro $10 Standard $500 ECN $1500 ECN Pro $2500 The Micro account, targeted at novice traders or those with smaller trading capital, requires a minimal deposit of just $10, making it highly accessible. The Standard account, often preferred by intermediate traders, asks for a higher minimum deposit of $500. For more experienced and high-volume traders, GPFX provides the ECN and ECN Pro accounts which require significant minimum deposits of $1500 and $2500 respectively. These accounts tend to offer more sophisticated features suitable for advanced trading strategies. Spreads & Commissions GPFX implements a diverse structure for spreads and commissions across its array of account types, optimizing cost structures for different styles of trading. Account Type Spread Commission Micro From 2.0 pips 0 Standard From 1.4 pips 0 ECN From 0 pips $10 ECN Pro From 2.0 pips $7 For the Micro and ECN Pro accounts, spreads commence from 2.0 pips. This spread allows traders using these types of accounts to maintain an understanding of the potential costs per trade. For the Standard account, spreads start from a slightly lower 1.4 pips, potentially providing slightly lower transaction costs. However, in the ECN account, GPFX offers spreads from as low as 0 pips; an enticing offer for high volume traders. On the topic of commissions, both the Micro and Standard accounts result in no commissions charged. In contrast, traders using the ECN account will have to consider a commission fee of $10, decreasing to $7 for the ECN Pro account. Customer Service Customer service is a critical element of a financial trading platform, offering crucial support to its users, and GPFX makes it accessible through email at support@GPFX.co. While the provision of email support is a good start, other methods of customer service such as phone support and live chat may ensure a more comprehensive support system, which appears to be lacking at GPFX. Conclusion In conclusion, while GPFX may be attractive to some traders, specifically forex specialists, due to its range of account types with varying deposit requirements and its focus on forex trading, there are critical concerns to bear in mind. The absence of valid regulation denotes the potential risk associated with entrusting funds to this platform. Furthermore, the unavailability of their website makes it difficult for potential traders to access vital information about the platform's offering and legitimacy. The limited customer service avenues and undisclosed information about tradable assets could potentially deter informed decision-making and efficient query resolution. Therefore, potential clients considering GPFX should proceed with caution. Frequently Asked Questions (FAQs) Question 1: Is GPFX regulated by any financial authority？ Answer 1: No. It currently has no valid regulations. Question 2: What is the minimum deposit for GPFX？ Answer 2: Only $10. Question 3: Is GPFX a good broker for beginners？ Answer 3: No. It is unregulated and their website is unavailable now. 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

GPFX broker review

Is GPFX safe or scam

Rating Index

How to login to GPFX?

gpfx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a gpfx Account The registration process for a gpfx account is straightforward and essential for anyone looking to engage with the platform. Follow these detailed ste

GPFX Forex Broker - Complete Information Guide

1. Broker Overview

GPFX, officially known as Green Power FX Limited, is a financial trading platform that specializes in forex trading. Established between 2 to 5 years ago, the broker is headquartered in the United Kingdom. GPFX operates as a private entity and aims to cater to a diverse clientele, focusing primarily on retail forex traders.

The company has developed a range of trading accounts tailored to meet the varying needs of its clients, including micro, standard, ECN, and ECN Pro accounts. Each account type is designed with different minimum deposit requirements, ranging from $10 to $2500, which allows traders of varying capital capabilities to engage in forex trading.

Despite its relatively recent establishment, GPFX has faced challenges, particularly concerning regulatory compliance and operational transparency. The broker's website is currently non-functional, which raises significant concerns regarding its credibility and operational integrity.

As GPFX continues to evolve, its business model primarily revolves around retail forex trading, offering various account types to accommodate different trading strategies and capital capacities. However, the lack of valid regulation and operational transparency has led to skepticism regarding the broker's legitimacy and reliability.

2. Regulatory and Compliance Information

GPFX currently operates without valid regulation, which poses a significant risk to potential investors. The absence of oversight from recognized financial authorities raises concerns about the security of clients' funds and the ethical conduct of the broker.

Regulatory Authorities: There is no specific regulatory body overseeing GPFX.
Regulatory License Number: Not applicable due to the lack of valid regulation.
License Validity and Scope: No valid licenses are reported.
Legal Entities: GPFX is registered under the name Green Power FX Limited in the United Kingdom.
Client Funds Segregation Policy: Information on the segregation of client funds has not been disclosed.
Investor Compensation Fund Participation: GPFX does not appear to participate in any investor compensation schemes.
KYC and AML Compliance: Details regarding Know Your Customer (KYC) and Anti-Money Laundering (AML) measures are not explicitly provided.

Given these factors, potential clients must exercise extreme caution when considering investing with GPFX. The lack of regulatory oversight is a substantial drawback that may expose traders to significant risks.

3. Trading Products and Services

GPFX primarily focuses on forex trading, offering a variety of currency pairs for traders. However, due to the unavailability of their website, specific details about the range and number of available forex pairs remain unclear.

Forex Currency Pairs: The exact number of pairs offered is not disclosed, but GPFX is known to provide access to major and minor currency pairs.
CFD Product Categories: Information regarding Contracts for Difference (CFDs) on indices, commodities, stocks, and cryptocurrencies is not available.
Unique Products: There are no indications of any special or proprietary trading products.
Product Update Frequency: There is no information on how frequently GPFX updates its product offerings.
Retail Trading Services: The broker offers retail trading services, but specific details about the execution and trading conditions are not provided.
Institutional Client Services: There is no information available regarding services tailored for institutional clients.
White Label Solutions: No details have been provided on any white-label offerings.
Asset Management Services: Information about asset management services is not available.

Overall, the limited information regarding GPFX's trading products and services may deter potential clients seeking a comprehensive trading experience.

4. Trading Platforms and Technology

GPFX supports the MetaTrader 4 (MT4) trading platform, which is widely recognized in the forex trading community for its robust features and user-friendly interface.

MetaTrader 4/5 Support: The broker offers trading exclusively through the MT4 platform.
Proprietary Platform Details: There is no indication that GPFX has developed any proprietary trading platform.
Web-Based Trading Platform: Specific details about a web-based trading platform are not provided.
Mobile Applications: Information regarding mobile app support for iOS and Android is not available.
Execution Model: GPFX operates under an ECN execution model, which is favorable for traders looking for direct market access and tighter spreads.
Server Location and Infrastructure: The server location is reported to be in Singapore, but further details about the technical infrastructure are not disclosed.
API Access and Automated Trading Support: There is no information available regarding API access or support for automated trading systems.

The reliance on a single trading platform and the lack of additional technological offerings may limit the appeal of GPFX to more technologically inclined traders.

5. Account Types and Trading Conditions

GPFX offers a variety of account types to accommodate different trading styles and capital requirements.

Standard Account Conditions:
Minimum Deposit: $10 for the micro account; $500 for the standard account; $1500 for the ECN account; and $2500 for the ECN Pro account.
Spreads: Starting from 2.0 pips for the micro account and 1.4 pips for the standard account.
Commissions: No commissions for micro and standard accounts; $10 for the ECN account; $7 for the ECN Pro account.
Advanced Account Types:
ECN Accounts: Designed for high-volume traders with tighter spreads and commission structures.
Special Accounts: Information regarding Islamic accounts or corporate accounts is not available.
Demo Account Policy: There is no information about the availability of demo accounts.
Leverage Ratios: Maximum leverage offered is 1:500 across different account types.
Minimum Trade Sizes: The minimum trade size is not specified in the available information.
Overnight Fees Policy: Details about overnight fees or swap rates are not disclosed.

The variety of account types may attract different traders, but the lack of transparency regarding trading conditions and fees could hinder informed decision-making.

6. Fund Management

GPFX provides limited information regarding its funding and withdrawal processes.

Supported Deposit Methods: The specific deposit methods accepted, such as bank transfers, credit cards, and e-wallets, are not detailed.
Minimum Deposit Requirements: Minimum deposits vary by account type, starting from $10 for the micro account.
Deposit Processing Times: There is no information on how quickly deposits are processed.
Deposit Fees: Information regarding any fees associated with deposits is not available.
Withdrawal Methods and Restrictions: The methods for withdrawing funds are not specified, and any restrictions on withdrawals are also unclear.
Withdrawal Processing Times: There are no details on how long withdrawals take to process.
Withdrawal Fee Structure: Information about withdrawal fees is not provided.

The lack of clarity regarding funding and withdrawal processes may deter potential clients who prioritize transparency in financial transactions.

7. Customer Support and Educational Resources

GPFX offers limited customer support options, which may impact the overall trading experience.

Support Channels: Customers can reach GPFX via email at support@gpfx.co. Other channels such as phone support or live chat are not mentioned.
Service Hours and Time Zone Coverage: The specific hours of operation are not disclosed.
Multilingual Support: There is no information on the languages supported by GPFX.
Educational Resource Types: Details about educational resources, such as webinars, tutorials, or eBooks, are not available.
Market Analysis Services: Information regarding daily analysis, news, or research reports is not provided.
Trading Tools: The availability of trading tools, such as calculators or economic calendars, is not mentioned.

The limited customer support and educational resources may not meet the needs of traders seeking comprehensive assistance and knowledge.

8. Regional Coverage and Restrictions

GPFX aims to serve a global market but has specific limitations.

Primary Service Markets: The broker primarily focuses on forex trading, but specific markets served are not detailed.
Regional Office Distribution: Information regarding regional offices is not available.
Countries/Regions Not Accepted: There is no list of countries where GPFX does not accept clients.
Special Restrictions: Further details on any restrictions are not provided.

The lack of clarity on regional coverage and restrictions may create uncertainty for potential clients in various jurisdictions.

In conclusion, while GPFX broker offers a range of trading accounts and focuses on forex trading, significant concerns regarding its regulatory status, operational transparency, and customer support may deter potential clients. It is crucial for aspiring investors to conduct thorough research and consider the risks involved before engaging with GPFX.

GPFX Similar Brokers

E8 Funding

Best brokers