Company Summary
| GLFX Review Summary | |
| Founded | 2021 |
| Registered Country/Region | UK |
| Regulation | No regulation |
| Market Instruments | Forex |
| Demo Account | ✅ |
| Leverage | Up to 1:888 |
| Spread | From 0.1 pips (Standard account) |
| Trading Platform | MetaTrader 5, GLFX APP |
| Minimum Deposit | $150 |
| Customer Support | Email: support@glfxlimited.com |
| Tel: +44 7476 499915, +971 52 568 9366 | |
| Live Chat | |
GLFX Information
GLFX was founded in 2021. The platform provides tight spreads and no commission with a minimum deposit of $100. Relied on high-performance online forex trading platforms, GLFX offers traders a diverse range of account options.
Pros and Cons
| Pros | Cons |
| Multiple account types | No regulation |
| Demo account available | Only forex trading |
| Live chat support | Lack of deposit and withdrawal details |
| MT5 provided |
Is GLFX Legit?
GLFX is not regulated by any financial regulatory authorities. Besides, its domain status shows that client transferring is prohibited. Please be aware of the risks!
What Can I Trade on GLFX?
GLFX provides a portfolio of over 55 currency pairs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ❌ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Indexes | ❌ |
| Stocks | ❌ |
| ETFs | ❌ |
Account Types
GLFX offers 3 types of trading accounts, each tailored to different trading styles and account sizes. In addition, GLFX provides demo accounts for beginners to practice. The accounts differ mainly in their spread structure, leverage limitation and commission fees, allowing traders to choose the best fit based on thier strategy.
| Account Type | Minimum Deposit | Leverage | Spread | Commission |
| MICRO | $150 | 1:500 | From 1.4 pips | $0 FX |
| MINI | $500 | 1:400 | From 1.4 pips | $0 FX |
| STANDARD | $5,000 | 1:100 | From 0.1 pips | $8/Round |
Leverage
GLFX offers leverage of up to 1:888. A high leverage ratio brings high returns along with high risks.
GLFX Fees
Overall, GLFX's trading fees are considered resonable, especially with competitve spreads and low commissions.
| Account Type | Spread From (pips) | Commission (per round) |
| MICRO | 1.4 | $0 FX |
| MINI | 1.4 | $0 FX |
| STANDARD | 0.1 | $8 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 5 (MT5) | ✔ | Windows, iOS, Android | Experienced traders |
| GLFX APP | ✔ | Mobile | / |
| MetaTrader 4 (MT4) | ❌ | / | Beginners |
