Score
GLFX
United Kingdom|2-5 years| http://www.glfxlimited.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United StatesContact
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
United Kingdom
2-5 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
glfxlimited.com
Server Location
United States
Website Domain Name
glfxlimited.com
Server IP
148.72.155.168
Company Summary
| GLFXReview Summary | |
| Founded | 2021 |
| Registered Country/Region | United Kingdom |
| Regulation | No Regulation |
| Market Instruments | Forex |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.1 pips (Standard) |
| Trading Platform | GLFX mobile app |
| Min Deposit | $150 |
| Customer Support | Phone: +44 7476 499915 |
| Email: support@glfxlimited.com | |
| Social Media: FaceBook，Instagram，Twitter，YouTube，LinkedIn | |
| Physical Address:#71-75, SheltonStreet, London, Greater London, WC2H9JQ, UNITED KINGDOM | |
GLFX Information
GLFX, incorporated in the UK in 2021, offers 100+ assets and its own trading platform, as well as 3 types of accounts, which can support 0 commission trading. Currently, GLFX is not regulated.
Pros and Cons
| Pros | Cons |
| Can trade with 0 commission | No regulation |
| Offer demo account | No payment method information |
| Foreign exchange only |
Is GLFX Legit?
GLFX is unregulated and its website was registered in 2021.
What Can I Trade on GLFX?
GLFX says more than 100 assets are available for trading, mainly forex.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious metals & Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETF | ❌ |
Account Types
GLFX has 3 account types for traders to choose from: Micro, Mini, Standard.
Among them, the minimum deposit requirement is $150, and the maximum leverage is 1:500.
| Account Types | MICRO | MINI | STANDARD |
| Spread | From 1.4 - 2.2 pips | From 1.4 - 1.8 pips | From 0.1 pips |
| Execution Type | Market Execution | Market Execution | Market Execution |
| Dealing Desk | No Dealing Desk | No Dealing Desk | No Dealing Desk |
| Minimum Deposit | $150 | $500 | $5,000 |
| Rollover | YES | YES | YES |
| Leverage/Margin Requirements | 1:500 | 1:400 | 1:100 |
| Commission | $0 FX | $0 FX | $8 per round |
| Minimum Lot | 0.01 | 0.01 | 0.1 |
| Trade Increment Size | 0.01 | 0.01 | 0.1 |
| Margin Call | 50.00% | 50.00% | 50.00% |
| Stop Out | 30.00% | 30.00% | 20.00% |
GLFX Fees
Spreads start at 1.4-2.2 pips for Mirco accounts, 1.4-1.8 pips for Mini accounts, and from 0.1 pips for Standard accounts. The commission for the first two accounts is $0 and the commission for the latter is $8 per round.
Trading Platform
GLFX's trading platform is the GLFX mobile app, which is available on both mobile and tablet devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| GLFX mobile app | ✔ | Mobile, Tablet | All traders |
| MT4 | ❌ | ||
| MT5 | ❌ |
Deposit and Withdrawal
GLFX said it offered a variety of payment methods, but didn't provide details.
Keywords
- 2-5 years
- Suspicious Regulatory License
- MT5 Full License
- Regional Brokers
- High potential risk
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