GFS Trading is a forex broker established on November 17, 2022, with its official website domain name registration. The broker primarily offers forex trading services to investors, and the address of its headquarters is not disclosed. This broker does not provide services to jurisdictions where it may violate local laws or regulations.
Corporate Registration and Regulatory Status:
The official website of GFS Trading does not disclose its registration entity information and regulatory status. However, after downloading the MT4 trading platform from the link provided on their website, it was found that the company offering the download link is Deal Investment Solutions Ltd. A search for this company only yields results for a similarly named entity registered in Belize.
Account Opening:
To open an account with GFS Trading, visit the broker's official website and click on "Open a Real Account" on the homepage to enter the account registration interface. After filling in the registration information as required and submitting it, the process does not proceed to the next step but redirects to re-registration, making it impossible to complete the normal account registration process.
Account Types:
GFS Trading offers three different types of real trading accounts: Mini Account, Standard Account, and VIP Account.
Mini Account:
- Minimum deposit: $100
- Base currencies: USD, GBP, EUR
- Spreads from 3 pips
- Trading commission: $5
- Deposit and withdrawal methods: Skrill & Neteller
Standard Account:
- Minimum deposit: $2,500
- Base currencies: USD, GBP, EUR
- Spreads from 3 pips
- Trading commission: $3
- Deposit and withdrawal methods: Skrill & Neteller
VIP Account:
- Minimum deposit: $20,000
- Base currencies: USD, GBP, EUR
- Spreads from 1.5 pips
- No trading commission
- Deposit and withdrawal methods: Skrill & Neteller
Trading Platform:
GFS Trading claims to offer the MT4 trading platform on its website, but the broker's presence cannot be found on the MT4 platform.
Deposits and Withdrawals:
GFS Trading supports deposits and withdrawals using Skrill and Neteller.
Conclusion:
Traderknows reminds investors that GFS Trading is a forex broker with unclear corporate entity information and no verifiable effective regulation. Additionally, it is not possible to open an account normally with this broker, and their presence is not found on the MT4 platform. Traderknows advises investors to choose trading platforms that are transparent, strongly regulated, and have a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
