简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:GX, a trading name of GS Brokers Capital Inc., is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads via two different live account types.
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
Feature | Detail |
Regulation | No regulation |
Market Instrument | Forex, CFDs, stocks and commodities |
Account Type | Classic and Platinum |
Demo Account | N/A |
Maximum Leverage | 1:500 |
Spread | Forex: from 0.2 pips, CFDs: from 0.4 pips |
Commission | US stocks: from $3, commodities: $1.25 per lot |
Trading Platform | N/A |
Minimum Deposit | $100 |
Deposit & Withdrawal Method | N/A |
GX, a trading name of GS Brokers Capital Inc., is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads via two different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that GX currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.08/10. Please be aware of the risk.
Market Instruments
GX advertises that it offers access to 2,100+ tradable assets to trade, including Forex, CFDs, stocks and commodities.
Account Types
GX claims to offer two types of trading accounts, namely Classic and Platinum, with minimum initial deposit requirements of $200 and $500 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The leverage provided by GX is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.
Spreads & Commissions
GX claims that the spread and commission vary depending on the trading asset. For example, the spread is as low as 0.2 pips on forex, and from 0.4 pips on the CFDs. The commission is from $3 on US stocks and $1.25 per lot on commodities.
Deposit & Withdrawal
The minimum initial deposit requirement at GX is said to be $100. While opening an account requires at least $200. However, the broker says nothing about the deposit and withdrawal methods.
Customer Support
GX‘s customer support can be reached by email: tradetoolspro@company.com. Company address: 38 Ropery Rd Gateshead NE8 2HP United Kingdom. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.
Pros & Cons
Pros | Cons |
• Multiple account types offered | • No regulation |
• Competitive trading conditions | • Lack of transparency |
Frequently Asked Questions (FAQs)
Q 1: | Is GX regulated? |
A 1: | No. It has been verified that GX currently has no valid regulation. |
Q 2: | What is the minimum deposit for GX? |
A 2: | The minimum initial deposit at GX is said to be $100. |
Q 3: | Is GX a good broker for beginners? |
A 3: | No. GX is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency. |
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
ATFX upgrades MT4/MT5 servers at Equinix Hong Kong and London, boosting low-latency trading, enhancing global network performance, and optimizing infrastructure.
ICE Futures U.S. recently announced the settlement of charges against StoneX Financial Inc. related to potential violations of the Exchange Rule, which prohibits trade practices such as wash sales and prearranged trades. These charges were connected to an incident that occurred on April 27, 2023, where an employee of StoneX allegedly placed opposing buy and sell orders in the Cocoa Futures spread market.
The Labuan Financial Services Authority (LFSA) has introduced new restrictions on locally regulated forex and contracts for differences (CFDs) brokers, limiting their offerings to currency-related instruments such as spot FX and CFDs on foreign exchange.
The Italian financial services regulator, Consob, has taken decisive action against four new websites that were found to be illegally offering unauthorized financial services.