GFS is a foreign exchange and contract for difference (CFD) broker that was registered and established in Hong Kong on September 27, 2016. The company primarily provides financial trading services for traders, including forex, indices, commodities, stocks, and CFDs. The company is headquartered in Hong Kong, and its official website is https://gfs-markets.com/, which supports English, Simplified Chinese, and Traditional Chinese languages. GFS operates in the United States, Belgium, North Korea, and Hong Kong.
Company Background and Regulatory Status:
GFS is registered in Hong Kong as Global Femic Services Limited, with its registered address at RM 1517, 15F Amiata Industrial Building, 58-64 Lei Muk Road, Kwai Chung, New Territories, Hong Kong. The company's registration number is 2432086, and the detailed address is Flat A & B, 15F Amiata Industrial Building, 58-64 Lei Muk Road, Kwai Chung, New Territories, Hong Kong. According to Whois data, the official website domain was registered on October 3, 2017.
The broker's official website does not disclose its regulatory information, and the Securities and Futures Commission (SFC) of Hong Kong does not provide any information about this broker. This means that GFS's forex trading and brokerage services are not regulated by any financial institution.
Account Opening:
To open an account with GFS, you can visit their official website and click on "Sign Up" to register and log in. After logging in, go to the "Personal Information" section and upload your personal details. Once your personal information is uploaded, go to "Trading Account" and select "Open a Trading Account." You will be presented with a risk disclaimer and a choice of trading account types. Select "GFS-STANDARD" and click on "Open Trading Account." After reading the risk disclosure statement and disclaimer, click "I have read it," and your account will be opened.
Account Types:
GFS offers users both real and demo accounts. GFS real accounts provide trading tools for forex, commodities, metals, and indices. The maximum leverage for forex is 1:500, for commodities, it's 1:100, for metals, it's 1:200, and for indices, it's 1:500. The spreads for this trading account start from 0 pips, and the minimum trading volume is 0.01 lots. A commission of $10 is charged for each standard lot traded. The margin call level is set at 100%, and the stop-out level is set at 50%.
Trading Platform:
GFS provides users with the MT5 trading platform, available on Windows, Android, macOS, iOS, and WebTrader.
Deposits and Withdrawals:
After registering a GFS account, you can log in and go to the "Financial Information" section to add your bank account/bank card or a USDT wallet. Once the binding is completed, you can use the "Deposit" or "Withdraw" options in the asset management section to deposit and withdraw funds.
Affiliate Program:
GFS offers a partnership program where you can choose to become an introducing broker or an affiliate.
Customer Support:
Users can contact GFS through phone at +852 3002 2272 or via email at support@gfs-markets.com. Further support can be obtained by using the online contact form in the "Contact Us" section on their website.
In summary:
Traderknows reminds investors that GFS is an unregulated foreign exchange and CFD broker, which means there is no legal protection or recourse in case of issues when trading on this platform.
Currently, the broker is marked as "Unregulated" on Traderknows.
