Abstract:GFX is a financial investment company registered in Cambodia offering high net worth financial products to corporate and individual clients. GFX currently holds a general financial license from the Securities and Exchange Commission of Cambodia (SECC).
General Information & Regulation
GFX is a financial investment company registered in Cambodia offering high net worth financial products to corporate and individual clients. GFX currently holds a general financial license from the Securities and Exchange Commission of Cambodia (SECC).
Market Instruments
Tradable financial instruments currently offered to investors by GFX iincluding Forex and Precious Metals, with the promise of introducing Crude Oil, Commodities and even CFD products.
Minimum Deposit
GFX offers traders three different types of accounts: GoldFX Basic (minimum deposit of $1000), GoldFX Pro (minimum deposit of $5,000), and GoldFX VIP (minimum deposit of $10,000).
GFX Leverage
When it comes to trading leverage, the maximum leverage level offered by GFX is up to 1:100. Some professional traders may hold that it is a little conservative, however, inexpericed traders are not advised to use high leverage in case of heavy fund losses.
Spreads & Commissions
There are no specific spreads available on the GFX website for foreign exchange products; GFX Basic accounts charge a commission for trading, while Pro and VIP accounts do not charge a commission for foreign exchange trading.
Trading Platforms
GFX offers traders the flexibility to choose between the MT4 desktop version, mobile trading software (iOS), and mobile trading software (Android).
Deposit & Withdrawal
GFX claims to offer traders a range of convenient ways to fund their accounts, but it does not show any specific methods, only the bank account number of Canadia Bank PLC.
Summary
GFX Disadvantages Include:
1. Over-limit operations
2. High minimum initial deposit requirements
3. Non-transparent pricing
4. Unclear ways of deposit & withdrawals
5. Conservative leverage
6. Fewer tradable assets