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Score

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/10

GFX

Marshall Islands Marshall Islands | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://www.gfxroyal.com/

Website

Rating Index

Contact

https://www.gfxroyal.com/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Marshall Islands
Operating Period
5-10 years
Company Name
GFX Royal
Email
support@gfxroyal.com
Account Info
Verified Site
About Us
Disclosure
Wiki Q&A
Comment

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Official Website

Verified Site

  • gfxroyal.com
    104.28.16.245
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

Note: GFX's official website - https://www.gfxroyal.com/ is currently inaccessible normally.

GFX Review Summary
Founded2019
Registered Country/RegionMarshall Islands
RegulationNo regulation
Market InstrumentsCurrency pairs, CFDs on indices, commodities, stocks, and cryptocurrencies
Demo Account/
LeverageUp to 1:5 (cryptocurrency)
Spread6.2 pips (Explorer Account)
Trading PlatformWeb Trader
Min Deposit$500
Customer SupportEmai: support@gfxroyal.com

GFXRoyal is an offshore forex broker registered in Marshall Islands, offering currency trading services for both retail and professional traders. GFX claims that it offers five trading accounts for traders to choose from.

GFXRoyal says that it is the trading name of GFX Finance who belongs to CAPITTAL LETTER GMBH, German Investment Firm Incorporation: HRB242418, 23/07/18.

Please note that this brokerage is not subject to any regulatory authorities, please be aware of the risk.

GFXRoyal's homepage

Pros and Cons

Pros Cons
Diverse tradable assetsInaccessible website
Various accounts choicesLack of regulation
Wide spreads
No MT4 or MT5
High minimum deposit
Limited payment options
Inactivity fee charged
Only email support

Is GFX Legit?

No, it is not regulated by the financial services regulatory authority in Marshall Islands, which means that the company lacks regulation from its registration site. Besides, AMF, a French regulatory authority issued a warning notice about this company. Therefore, please be aware of the potential risks!

No license
Domain information
Disclosure

What Can I Trade on GFX?

GFX offers several types of products, including currency pairs, CFDs on indices, commodities, stocks, and cryptocurrencies.

Tradable Instruments Supported
Currency Pairs
CFDs
Indices
Commodities
Stocks
Cryptocurrencies
Bonds
Options
ETFs

Leverage

Trading on cryptocurrencies can use leverage up to 1:5, while leverage for other particular instruments is not mentioned.

Account Type

GFX provides 5 types of accounts, including Explorer, Basic, Silver, Gold, and Platinum.

Account TypeMin DepositMax Deposit
Explorer$500$,2499
Basic$2,500$9,999
Silver$10,000$24,999
Gold$25,000$99,999
Platinum$100,000$499,999
Account comparison

Trading Platform

GFX uses a web-based platform, and it does not support MT4 or MT5.

Trading PlatformSupported Available Devices Suitable for
Web TraderWeb/
MT4/Beginners
MT5/Experienced traders
Web Trader

Deposit and Withdrawal

GFX supports 3 types of payment options, including Wire Transfer, Vload, and Cashier. However, other details such as the processing time and fees are not clear.

Fees

If a trader did not login and trade from his account within three months, then his account will be subject to a deduction of 10% each month.

Company Profile

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

How safe is trading with GFX?

Trading with GFX Royal presents a severe risk warning, as it operates without any valid, mainstream regulatory oversight to protect client funds or mediate disputes. This high-risk profile is demonstrated by its core assessment metrics.

In a week
United States

Is GFX regulated?

GFX Royal is not regulated by any authoritative financial watchdog for forex trading; it is registered in the Marshall Islands, a jurisdiction not known for robust financial services supervision, and holds no verified licenses.

In a week
United States

When was GFX established?

GFX Royal has been operating in the forex market for an estimated 5 to 10 years, though its exact founding date is not publicly disclosed.

In a week
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

In a week
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

In a week
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What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

In a week
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What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

In a week
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What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com