GFS Forex Broker Review: High Risk (Non

GFS Company Overview:

GFS primarily offers financial trading services to traders in forex,Foreign exchange dealers and foreign exchange trading platforms indices, commodities, stocks, and contracts for difference (CFDs). The company is headquartered in Hong Kong. The registered entity of GFS in Hong Kong is Global Femic Services Limited, with a registered address at RM 1517, 15F Amiata Industrial Building, 58-64 Lei Muk Road, Kwai Chung, New Territories, Hong Kong. The company registration number is 2432086, and the detailed office address is Flat A & B, 15F Amiata Industrial Building, 58-64 Lei Muk Road, Kwai Chung, New Territories, Hong Kong. According to a Whois domain registration search, their official website domain was registered on October 3, 2017.

Is GFS Compliant and Legal? Does It Hold Appropriate Financial Regulatory Licenses?

The broker's official website does not disclose any regulatory information, and there is no information about this broker from the Securities and Futures Commission (SFC) of Hong Kong. This means that GFS's forex trading and brokerage activities are not regulated by any financial institutions.

Trading Instruments Offered by GFS

According to GFS's official website, the broker offers trading services for various financial assets, including forex, commodities, stocks, indices, and cryptocurrencies.

Trading Software Provided by GFS

On their official website, GFS offers the MT5 trading platform, available for download in versions compatible with WINDOWS, ANDROID, MACOS, IOS, and a web trader.

Fund Security

GFS does not disclose any third-party fund security information on its official website, which means that the security of users' funds is not guaranteed.

Deposit and Withdrawal Channels

GFS provides information about deposit methods on its official website, including options like MasterCard and VISA. However, withdrawal methods are not specified.

Leverage Ratios

GFS offers both real and demo accounts. For real accounts, GFS provides maximum trading leverage as follows: 1:500 for forex, 1:100 for commodities, 1:200 for metals, and 1:500 for indices. These leverage ratios are considerably higher than those offered by generally compliant brokers, which typically range from 1:10 to 1:100.

Summary

GFS is a forex broker that conducts unauthorized financial activities without regulatory oversight. Trading on this platform lacks legal protection and avenues for recourse in case of issues. The broker does not disclose crucial information regarding user fund security, deposit and withdrawal channels, etc. GFS is listed as "unregulated" on TraderKnows. We advise you to stay away from GFS, as it is a high-risk forex trading platform where there is a potential risk of personal financial loss.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

Very good!（75177）