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No valid regulatory information, please be aware of the risk!
Established in 2019, GF Markets is an online forex broker registered in Saint Vincent and the Grenadines, offering diversified range of trading instruments, including Forex, Stocks, Commodities, Indices, and Cryptocurrency through the leading MT5 trading platform. Investors have the flexibility to choose from four different trading accounts, and the maximum leverage available is up to 1:200.
GF Markets is the trading name operated by GF Markets LLC, a company registered in Saint Vincent and the Grenadines under registered number 226 LLC 2019.
Please note that GF Markets is an unregulated offshore forex broker, and trading with this broker needs to take extra vigilance.
GF Markets provides clients with access to various popular and mainstream financial markets.
Five classes of trading assets, including Forex Pairs, Indices, Commodities, Stocks, Cryptocurrencies are all available through the GF Markets brokerage platform.
GF Markets has set four tiered trading accounts designed for both retail and professional traders, namely Standard, Gold, Platinum, and VIP accounts. To open a Standard account, you need to fund at least $250, which sounds acceptable.
However, the minimum deposit required by this brokerage house soars to $10,000 for the Gold account, $50,000 for the Platinum account, $100,000 for the VIP account, respectively, which is ludicrously high in comparison to those of its rivals.
How to open an account with GF Markets？
Both live and demo account can be opened easily with the GF Markets platform. A demo account is here for beginners to get a feel of this platform and practice their trading skills. To open a live account, a few steps are listed below:
1. Click on the “Open Account” link on the homepage of the GF Markets website.
2. Fill in some required details and upload your personal document for verification.
3. After approval, your account will be registered successfully.
4. Fund your account and start to trade on this platform.
Spreads & Commissions
Like many other forex brokers, spreads and commissions are determined by trading accounts with the GF Markets platform. From the screenshot below, we can see that this broker offers floating spreads, and investors who have more account balances can enjoy lower spreads.
No additional commission is charged on this platform.
When it comes to leverage, GF Markets permits traders to use leverage of up to 1:200, which is significantly higher than the levels regarded appropriate by many regulators.
Bear in mind that high leverage is not necessarily the good thing, as it can magnify gains as well as losses.
GF Markets offers its clients the access to popular MT5 trading platform that can be available for Desktop, Mobile and Web terminals.
Traders can quickly analyze market activity, place trades, and integrate automated systems thanks to this powerful platform's convenient workspace (Expert Advisors). Everything you need to begin trading on the financial markets, including all of the above features, is available in a single, convenient interface.
GF Markets allows its clients to make a deposit and withdrawal through multiple payment methods, including Credit Cards, Cryptos, E-wallets, Local Banks, and Wire Transfers.
The minimum deposit amount is $10 for deposit through credit cards, $250 through wire transfer.
Please note that this broker charges salty fees for deposit and withdrawal. Here are some details:
Credit Cards-fees up to 9%
Cryptocurrency-fees up to 1.5%
Skrill & Neteller-Fees up to 3.9%
Perfect Money-Fees up to 0.5%
Local Transfers-Fees up to 3.5%
Wire Transfer-Fees up to 1.5%
Traders can reach out to GF Markets about any questions or concerns they may have about their accounts or their trading through the following methods:
Registered Company Address: First Floor, First St Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines
No other more direct contact channel like telephone or online chat is available.
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
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