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GFX Securities is one of the Bahraini brokerage services. It offers trading services on over 25 Forex currency pairs, as well as gold, silver, and oil. These are financial instruments. In this article, we will provide a review of GFX Securities and determine whether it is a scam or not.
GFX Main Highlights
| 🚀 Minimum deposit: | 1000$ |
| ⚖️ Leverage: | 1: 500 |
| 🛡️ Regulations & Licenses: | FSA |
| 💵 Deposits/Withdrawals: | Credit cards Debit cards USDT bank transfer |
| 💻 Trading platform: | MT5. Web Trader |
| 🌙 Islamic Account: | Yes |
| 🔗 Main domain: | www.gfxsecurities.com |
What is GFX Securities?
GFX Securities is one of the Bahraini CFD brokers. It was founded by Gilgamesh Financial Services, which is regulated in Mauritius and holds license number GB210270733.
GFX Securities is regulated by the National Futures Association (NFA) with ID 0562407.
GFX Securities provides trading in various financial instruments, including Forex, indices, energies, and shares CFDs.
The GFX broker provides five types of accounts with spreads starting at 0 pips, and it offers many different methods for deposits and withdrawals, including Visa, MasterCard, bank transfers, and cryptocurrencies.
Gfx securities Account types
Gfx offers many different accounts to help traders choose the best one for them. This is represented:
Standard account
This account comes with leverage of 1:100 or 1:500, and spreads start from 2.5 pips with a minimum trade size of 0.01.
The Standard account offers trading in financial assets like currency pairs, indices, and metals, but it doesn’t offer trading in stocks, cryptocurrencies, ETFs, or energies.
Additionally, the Standard account offers technical support and account managers, but it doesn’t provide VIP account managers or personal training.
This account provides unlimited email signals and 100 telegram signals per month, along with unlimited weekly analysis.
Advanced account
In this account, the Spread is not specified, but the GFX broker charges a commission of $12 for each standard lot traded by this account.
This account is similar to the standard account in terms of leverage and Islamic options, but there are differences in the financial assets offered. The advanced account offers trading in stocks, as well as personalized training, while the standard account does not provide these features.
The advanced account is also similar to the standard account in terms of receiving email and Telegram signals, as well as weekly analysis.
Pro account
This account also doesn’t have spreads like similar advanced accounts, and it charges an $11 commission for every lot traded by this account. It offers free withdrawals for the first month.
The pro account offers trading in financial assets not found in the standard and advanced accounts, such as ETFs and cryptocurrencies.
The pro account also offers technical analysis, account management, personal training, as well as email and Telegram signals, in addition to weekly analysis.
Business account
The business account offers lower commissions compared to previous accounts, charging a $10 commission for every lot traded by business accounts.
This account features free withdrawals for the first two months, as well as providing technical support, a VIP account manager, and personal training. Additionally, it includes two additional features found in other accounts, such as emails and telygram signals, along with weekly analysis.
However, it must be noted that the business account doesn’t offer trading in cryptocurrencies.
PRIME account
The PRIME account is a premium option that offers a comprehensive range of services and features for elite traders. This account stands out with ultra-low spreads (0 pips) and competitive commissions, making it an attractive choice for those seeking low-cost and competitive trading.
In addition, the PRIME account provides unique and exclusive features to help traders achieve outstanding results. This includes specialized technical support and a VIP account manager, along with personalized training to help traders develop their skills and enhance their trading performance.
With unlimited trading signals via email and Telegram app, traders can easily and effectively benefit from market analysis and recommendations.
GFX broker regulation
Gfx securities is managed by Gilgamesh Financial Services, which is regulated in Mauritius as an investment dealer holding license number GP210270733.
In addition, Gfx securities is registered under the National Futures Association (NFA) under ID 0562407.
These regulations and licenses give Gfx broker more credibility in trading and guarantee traders’ money.
Trading platforms at GFX
Gfx securities offers only one trading platform, which is MetaTrader 5. It is an advanced trading platform that provides numerous tools to facilitate trading.
MetaTrader 5 is available on many devices, including computers, laptops, mobile devices running on iOS or Android, tablets, and more.
MetaTrader 5 offers advanced options that allow traders to access various financial markets, including Forex, stocks, and metals. It also provides customization options for your trading strategy.
Deposit and withdrawal methods at GFX Securities
Gfx securities provides a variety of deposit and withdrawal methods. The methods can be summarized as follows:
- Credit or debit cards like Visa and MasterCard
- Bank transfer
- Cryptocurrencies
Contact number at GFX
The next schedule includes the contact number for GFX broker.
| Department | Phone | |
| Account Management | +973 17260190 (1002) | m.abdullah@gfxsecurities.com |
| Financial Affairs | +973 17260190 | support@gfxsecurities.com |
| gccsupport@gfxsecurities.com | ||
| Media Relations | +973 17260190 (1005) | cs@gfxsecurities.com |
| Administrative Affairs | +973 17260190 (1003) | info@gfxsecurities.com |
The education at GFX securities
Gfx broker make an effort to provide education content by the academy trading for it
In the academy trading affiliated with the gfx broker offers education and training in trading at financial market includes Forex and stocks and others financial market
It must be noted the content in this academy is not free you should pay the courses which are displayed in this academy, and it must be noted also we have not checked the quality of the content so you are responsible for any pay process planed it
Pros and cons of gfx broker
GFX, like any brokerage company, has its pros and cons, which can be summarized as follows:
Pros GFX:
- Provides trading accounts without spreads.
- Offers free technical analysis via email and Telegram.
- Operates a trading academy for education and training.
Cons GFX:
- Platforms are limited to MetaTrader 5.
- Charges withdrawal commissions.
Is gfx broker scam?
We can’t say if GFX broker is a scam because this broker is regulated in Mauritius and registered under the National Futures Association (NFA).
The broker obtaining regulation and the license should have credibility because regulatory bodies will not grant a license to a scam company.
FAQ
GFX Securities offers several types of accounts, including Standard, Advanced, Pro, Business, and PRIME accounts. Each account type has its own features, benefits, and requirements tailored to different types of traders.
GFX Securities offers MetaTrader 5 as its trading platform. MetaTrader 5 is a widely used and advanced trading platform known for its comprehensive features and tools.
GFX Securities appears to be regulated in Mauritius and registered under the National Futures Association (NFA), which adds a level of credibility and trustworthiness.
