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In 2025, GFX continues to raise concerns among traders, primarily due to its lack of regulatory oversight and the associated risks. While it offers a range of trading instruments and the popular MetaTrader 4 platform, the absence of a reputable regulatory body overseeing its operations casts a shadow over its credibility.
Note: It is important to highlight that GFX operates under different entities across regions, which adds complexity to its evaluation. This review aims to provide a fair and accurate assessment based on various sources.
Category | Score (out of 10) |
---|---|
Account Conditions | 4 |
Tools and Resources | 5 |
Customer Service and Support | 3 |
Trading Setup (Experience) | 4 |
Trustworthiness | 2 |
User Experience | 3 |
We evaluate brokers based on a combination of user feedback, expert opinions, and factual data.
Founded in 2021, GFX is an offshore broker based in Saint Vincent and the Grenadines, with additional ties to Cambodia. It primarily offers trading on the MetaTrader 4 platform, which is favored for its user-friendly interface and advanced trading tools. GFX provides access to a limited range of trading instruments, including forex and precious metals, but lacks a comprehensive portfolio of assets compared to more established brokers. Notably, GFX is not regulated by any recognized financial authority, which raises significant concerns regarding the safety and security of client funds.
GFX operates without regulation from any recognized financial authority, which is a major red flag for potential clients. According to multiple sources, such as Forex Brokerz, GFX claims to follow regulations from Cambodia but lacks an official registration with the relevant authorities. This unregulated status means that clients may have limited recourse in the event of disputes or financial issues.
GFX allows deposits through bank wire transfers and credit cards, but specific details about withdrawal methods are sparse. The minimum deposit requirement is set at $1,000, which is significantly higher than the industry average. This high barrier to entry can deter many potential traders, especially beginners. Furthermore, there are indications that withdrawal requests may be delayed, adding to the overall lack of trust in the platform.
GFX does not appear to offer any significant bonuses or promotional offers, which is a common tactic among many brokers to attract clients. The absence of promotions may reflect the broker's focus on maintaining a straightforward trading environment, but it also limits the appeal to traders looking for added incentives.
The broker primarily offers forex trading and a limited selection of precious metals, such as gold and silver. GFX has announced plans to introduce additional asset classes in the future, but as of now, its offerings remain quite narrow compared to competitors who provide a wider range of instruments, including cryptocurrencies and commodities.
GFX's cost structure is somewhat opaque, with spreads starting from 2.5 pips on its basic account, which is relatively high. Additionally, while the broker does not charge commissions on certain accounts, the lack of transparency regarding fees can lead to confusion among traders. According to Brokers View, the absence of clear information about commissions and additional costs is a significant drawback.
GFX offers leverage up to 1:500, which can be attractive to experienced traders looking to maximize their trading potential. However, high leverage also increases risk, and traders should approach it cautiously, especially given the broker's unregulated status.
GFX exclusively supports the MetaTrader 4 platform, which is widely regarded in the trading community for its robust features, including automated trading capabilities and advanced charting tools. However, the limitation to a single platform may not meet the diverse needs of all traders.
While GFX does not explicitly list restricted regions, its offshore status and lack of regulation suggest that it may not be suitable for traders in jurisdictions with strict regulatory requirements.
Customer support at GFX is available primarily in English, with limited options for other languages. The broker provides support via email and phone, but reviews indicate that response times may vary, leading to frustration among users.
Category | Score (out of 10) |
---|---|
Account Conditions | 4 |
Tools and Resources | 5 |
Customer Service and Support | 3 |
Trading Setup (Experience) | 4 |
Trustworthiness | 2 |
User Experience | 3 |
In conclusion, GFX presents a mixed bag of features and significant drawbacks. While it offers a familiar trading platform and a limited range of assets, the lack of regulation and transparency raises serious concerns. Potential traders should proceed with caution and consider the risks involved with trading through an unregulated broker like GFX.