WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

GLFXM

China|1-2 years|
High potential risk|

https://glfxmglobal.com/

Website

Rating Index

Contact

info@glfxm.top
https://glfxmglobal.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

GLFXM GROUP LIMITED

Abbreviation

GLFXM

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-03
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

GLFXM · WikiFX Survey

Users who viewed GLFXM also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

GTCFX

8.11
Score
10-15 yearsRegulated in United KingdomStraight Through Processing(STP)
Official website

AUS GLOBAL

8.23
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

FXCM

9.44
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)
Official website

GLFXM · Company Summary

GLFXM Basic Information
Registered Country United Kingdom
Founded Year 2023
Regulation No
Minimum Deposit Not specified
Maximum Leverage Up to 1:100
Spreads From 0.0 pips ( allegedly)
Trading Platforms Properitary
Tradable Assets forex currency pairs, precious metals, cryptocurrencies, indices, crude oil
Account Types Not specified
Demo Account Yes
Customer Support 24/7, Email, Live Chat
Payment Methods Not specified
Educational Tools News, Calendar
Social Trading No
Promotions No

Overview of GLFXM

Founed in 2023, GLFXM is a brokerage firm that asserts its registration in the United Kingdom and offers a diverse selection of trading products, including forex, precious metals, cryptocurrencies, indices, and crude oil. The company promotes its proprietary trading platform, which enables traders to participate in both demo and live trading activities. GLFXM offers trading leverage of up to 1:100 to its clients. The specific minimum deposit required to open an account with this brokerage firm, however, is not disclosed. It is important for potential traders to consider the minimum deposit requirement, as it can vary depending on the broker and may impact their decision-making process.

One notable aspect highlighted by GLFXM is the availability of 24/7 customer support, aiming to provide assistance to traders whenever required. Traders can benefit from the convenience of accessing support services around the clock. It is worth noting that individuals should conduct thorough research and exercise caution before engaging with any brokerage firm, including GLFXM, to ensure compliance with regulations and to assess the reputation and reliability of the company.

basic-info

Pros and Cons

GLFXM offers a mix of positive and negative aspects for traders to consider. On the positive side, the brokerage provides a proprietary trading platform, demo accounts for practice, and 24/7 customer support via email and live chat. Additionally, the range of tradable assets, including forex currency pairs, precious metals, cryptocurrencies, indices, and crude oil, offers diversification opportunities.

However, there are some drawbacks.The undisclosed minimum deposit requirement and limited educational resources, comprising only news and a calendar, can hinder traders' ability to make informed decisions and enhance their skills effectively.

Pros Cons
Demo accounts available Weak regulation
24/7 customer support Undisclosed minimum deposit requirement
Diverse range of tradable assets Account Types not specified
Generous leverage up to 1:100 Limited educational resources (news and calendar only)
Online chat unable to get response instantly
No social trading feature
No direct phone support
No MT4 or MT5 trading platform supported

Market Intruments

GLFXM provides a variety of market instruments to its clients. These instruments encompass a range of trading products, including forex (foreign exchange), precious metals, cryptocurrencies, indices, crude oil, and more. Traders have the opportunity to engage in the dynamic forex market, invest in precious metals like gold and silver, explore the volatile world of cryptocurrencies, track the performance of various indices, and participate in trading crude oil and other commodities. GLFXM offers a diverse selection of market instruments, allowing traders to diversify their portfolios and potentially capitalize on different market opportunities.

market-instruments
market-instruments

Account Types

GLFXM claims to offer multiple trading accounts, as mentioned on its website homepage. However, specific details regarding the various types of trading accounts are not readily available. To obtain accurate and up-to-date information about the account types offered by GLFXM, it is advisable for potential clients to directly contact the broker's customer support.

Demo Trading

GLFXM provides a demo account feature for its clients, enabling them to experience the trading environment and enhance their trading skills without any financial risk. The demo account offers clients a virtual fund of $10,000, allowing them to simulate real trading scenarios and familiarize themselves with the platform's features and functionalities. By utilizing the demo account, traders can practice their trading strategies, explore different market instruments, and gain hands-on experience in a risk-free setting.

open-account

How to open an account?

To open an account with GLFXM, follow these general steps:

1. Visit the GLFXM website: Go to the official website of GLFXM using a web browser. Then locate the account registration section: Look for a prominent “Open a real Account” button on the website. Typically, it can be found in the header, footer, or a dedicated section of the homepage.

open-account

2. Fill out the registration form: Click on the registration button, and you will be directed to a form. Provide the requested information accurately, which may include personal details such as your full name, email address, phone number, and country of residence.

open-account

3. Choose an account type: GLFXM may offer different types of accounts, such as standard, mini, or premium accounts. Select the account type that suits your trading preferences and financial capabilities.

4. Agree to terms and conditions: Read the terms and conditions, privacy policy, and any other legal agreements provided by GLFXM. If you agree with them, proceed by checking the relevant boxes or clicking on the provided acknowledgment buttons.

5. Submit the registration form: After completing the form and agreeing to the terms, click on the “Submit” or “Register” button to send your account registration request.

6. Verification process: Depending on GLFXM's policies, you may need to complete a verification process to confirm your identity and comply with regulatory requirements. This typically involves submitting identification documents such as a valid passport or driver's license and proof of address.

7. Fund your account: Once your account is approved and verified, you will receive instructions on how to fund your account. GLFXM may offer various payment methods, such as bank transfers, credit/debit cards, or electronic payment processors. Follow the provided instructions to deposit funds into your trading account.

Leverage

GLFXM provides traders with the opportunity to utilize leverage in their trading activities. The broker offers leverage of up to 1:100, allowing clients to amplify their trading positions relative to their invested capital. With this leverage, traders can potentially increase their exposure to the market and magnify potential profits or losses. It is important to note that trading with leverage involves a higher level of risk, as gains or losses can be multiplied.

Spreads & Commissions

While GLFXM claims to provide real-time prices and competitive spreads, specific details regarding the spreads and commissions offered by the broker are not readily available on its official website. Potential clients may need to seek clarification from GLFXM's customer support team to obtain accurate information regarding the spreads applicable to different trading instruments. Understanding the spreads is crucial for traders as it directly impacts their trading costs and potential profitability. It is recommended that individuals reach out to GLFXM's customer support staff for transparent and comprehensive information regarding spreads and commissions before making any trading decisions.

Trading Platform

GLFXM, instead of offering popular trading platforms like MT4 or MT5, provides its own proprietary trading platform. The proprietary platform includes charting capabilities, allowing traders to visualize price movements and analyze historical data to identify trends and patterns. Technical indicators and drawing tools might be available to assist in making informed trading decisions.

Order placement functionality is a fundamental aspect of any trading platform. GLFXM's proprietary platform likely enables traders to execute various types of orders, such as market orders, limit orders, and stop orders. This functionality allows traders to enter and exit positions based on their trading strategies and market conditions. Furthermore, the platform may offer real-time pricing and market data, providing up-to-date information on financial instruments, including bid and ask prices, volume, and market depth.

trading-platform

GLFXM trading platform can be available on multiple versions, such as Windows, Iphone, and Android.

trading-platform

Deposit & Withdrawal

While GLFXM claims to offer various convenient payment methods, the specific details regarding the accepted options are not readily available. However, it is common for brokers to provide popular payment methods such as bank wire transfers, credit/debit cards (Visa, Mastercard), and e-wallets like Skrill, Neteller, and PayPal. These widely used payment methods offer convenience and flexibility for traders when depositing and withdrawing funds from their trading accounts. It is recommended to contact GLFXM's customer support to inquire about the specific payment methods they accept and any associated details, including fees, processing times, and any specific requirements.

Customer Support

GLFXM prides itself on offering customer support that is available round the clock, ensuring assistance is accessible to its clients at any time. Customers can reach out to the broker's support team through email and an online chat feature. It is important to note that while the online chat option is available, responses may not be instant, and there might be a delay in receiving a reply.

customer-support
customer-support

Educational Resources

GLFXM offers a limited range of educational resources to its clients. These resources primarily consist of basic tools such as news updates and economic calendars. Traders can access relevant news articles and stay informed about market developments. Additionally, the economic calendar helps traders track upcoming economic events and announcements that may impact financial markets.

educational-resources

Conclusion

In conclusion, GLFXM is a relatively new brokerage firm, offering a range of trading products, including forex currency pairs, precious metals, cryptocurrencies, indices, and crude oil. On the positive side, GLFXM provides a proprietary trading platform and offers demo accounts, allowing traders to explore and familiarize themselves with the platform before risking real funds. The availability of 24/7 customer support via email and live chat is also a beneficial feature, providing assistance whenever needed.

However, there are several negative aspects to consider. Firstly, the lack of transparency regarding the minimum deposit requirement is another drawback, as potential traders may find it challenging to assess the financial commitment needed to open an account.Additionally, while GLFXM claims to offer competitive spreads starting from 0.0 pips, the actual spread levels may vary, and it is advisable for traders to closely evaluate the trading conditions offered by the broker. The educational tools provided by GLFXM are quite limited, consisting primarily of news and a calendar, which may not be sufficient for traders seeking in-depth educational resources to enhance their trading knowledge and skills.

FAQs

Q: What trading products does GLFXM offer?

A: GLFXM provides a range of trading products, including forex, precious metals, cryptocurrencies, indices, crude oil, and more.

Q: What leverage does GLFXM offer?

A: GLFXM offers trading leverage of up to 1:100 to its clients.

Q: How can I contact GLFXM's customer support?

A: GLFXM claims to offer 24/7 customer support. You can typically reach their customer support team through various channels, such as email, phone, or live chat.

Q: Is there a minimum deposit requirement to open an account with GLFXM?

A: The specific minimum deposit required to open an account with GLFXM is not disclosed on their platform. It is advisable to reach out to their customer support or refer to their account opening documentation for more information.

Q: Does GLFXM provide educational resources for traders?

A: GLFXM offers limited educational resources, primarily consisting of news updates and an economic calendar. However, more comprehensive educational materials, such as tutorials or webinars, may not be available.

Review 3

3 Comments
Write a comment
All(3) Latest Positive(1) Neutral(1) Exposure(1)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
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:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com