GFS Trading

GFS Trading is a brokerage firm registered in the United States, only providing forex pairs trading with low commission. Although its official website is publicly accessible, information about trading is very limited. Moreover, this broker is not regulated by any legitimate institutions.

Pros and Cons

Is GFS Trading Legit?

GFS Trading currently lacks the formal legal regulation imposed by authorities, and its website fails to provide any information regarding regulation, indicating a potential risk that your assets may be stolen by the broker, and you may find yourself with a limited channel for seeking help.

What Can I Trade on GFS Trading?

On GFS Trading, trading is limited to forex pairs, with its website offering no details on available trading instruments. As a result, the specific currencies you can trade remain unclear.

Account Type (Minimum Deposit/Spread & Commission)

GFS Trading offers three types of live account options: a Mini Accountm ($100 min deposit) with a commission of $5 per round trip and spreads starting from 3 pips, a Standard Account ($2 500 min deposit) featuring a commission of $3 per round trip and spreads from 2 pips, and a VIP Account ($20 000 min deposit) that charges zero commission and spreads start from 1.5 pips. While the commissions are relatively low, this broker operates without any legal supervision.

Trading Platform

GFS Trading supports trading on MT4, a leading trading platform in the world with functions of market and pending orders, real-time execution and trading based on charts.

Customer Service

GFS Trading provides 5/24online chat, and you can also connect them through phone and email.

The Bottom Line

GFS Trading offers forex pair trading with low commission and supports traders to choose three kinds of live accounts. However, we found no effective regulation of this broker, so it is best to stay away from such brokers.

FAQs

Is it safe to trade with GFS Trading?

No, trading with GFS Trading is unsafe given its lack of legal license.

What is the commission charged by GFS Trading?

Commission varies on the account type, e.g., $3 per transaction for the Standard account.

What trading platform is available at GFS Trading?

MetaTrader 4.