GFS Company Overview:
GFS primarily offers financial trading services to traders in forex, 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.
