Score
GFX
Marshall Islands|5-10 years| https://www.gfxroyal.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Marshall Islands
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
gfxroyal.com
Server Location
United States
Website Domain Name
gfxroyal.com
Server IP
104.28.16.245
Company Summary
General Information
GFXRoyal is an offshore forex broker registered in Marshall Islands, offering currency trading services for both retail and professional traders. GFX claims that it offers five trading accounts for traders to choose from.
GFXRoyal says that it is the trading name of GFX Finance who belongs to CAPITTAL LETTER GMBH, German Investment Firm Incorporation: HRB242418, 23/07/18.
Please note that this brokerage is not subject to any regulatory authorities, please be aware of the risk.
Market Instruments
With GFXRoyal, traders can trade currency pairs as well as cryptocurrencies. While other instruments like precious metals, indices, energies, stocks are not available. Overall, tradable trading instruments offered by this brokerage platform seems quite limited.
Account Types
Five trading accounts are available with GFXRoyal, aiming to satisfy various traders‘ trading needs, namely Explorer, Basic, Silver, Gold, Platinum. The minimum deposit for each account is relatively high, with the Explorer account requiring a minimum deposit of $500, much higher than most forex brokers’ requirements. The minimum deposit requirement for the other four accounts are from $2,500, $10,000, $25,000, $100,000, respectively.
Each account is offered a welcome bonus, with 30% welcome bonus for the Explorer account, up to 50% for the Basic account, up to 75% for the Silver account, up to 100% for the Gold account, up to 150% welcome bonus for the Platinum account.
Inactivity Fee
If a trader did not login and trade from his account within three months, then his account will be subject to a deduction of 10% each month.
Leverage
Trading on cryptocurrencies can use the leverage up to 1:5, while leverage for other particular instrument is not mentioned.
Deposit & Withdrawal
GFXRoyal does not make it clear about what payment options are available for its clients to make a deposit and withdrawal. However, it states some rules for deposit and withdrawal, see the screenshot below:
Please note that withdrawals are subject to withdrawals processing and handling fees. and these fees will be deducted from the transferred withdrawn amount.
Customer Support
Traders who encounter any trading-related issues or have any inquiries can get in touch with this brokerage through the following channels:
Telephone
Email: info@gfxroyal.net
A contact form
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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