GFS is a forex and contract for difference (CFD) broker registered in Hong Kong on September 27, 2016. It primarily provides traders with financial trading services such as forex, indices, commodities, stocks, and CFDs. The company's headquarters are located in Hong Kong. The official website of this broker is https://gfs-markets.com/, which supports English, Simplified Chinese, and Traditional Chinese. GFS operates in regions including the United States, Belgium, North Korea, and Hong Kong.
Company Background and Regulatory Status:
GFS is registered in Hong Kong under the corporate entity 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 address is Flat A & B, 15F Amiata Industrial Building, 58-64 Lei Muk Road, Kwai Chung, New Territories, Hong Kong. According to Whois data, their website domain was registered on October 3, 2017.
The broker's official website does not disclose its regulatory information, and no information about the broker can be found on the Hong Kong Securities and Futures Commission (SFC) database. Essentially, GFS operates its forex trading and brokerage business without regulation by any financial institution.
Account Opening:
Visit the GFS website and click on "Sign Up" to register and log in. Once logged in, click on the "Upload Information" option under "Personal Information" to upload your personal details. After your personal information is uploaded, click on "My Trading Account" under "Trading Account," and then click "Open Account." A risk reminder and account type selection interface will appear. Select "GFS-STANDARD" and click "Open Trading Account." After reading the risk disclosure statement and disclaimer, click "I have read," and the account will be opened successfully.
Account Types:
GFS offers both live and demo accounts to users. The GFS live account provides trading tools for forex, commodities, metals, indices, etc. The maximum trading leverage is 1:500 for forex, 1:100 for commodities, 1:200 for metals, and 1:500 for indices. The account offers spreads starting from 0 pips, with a minimum trading volume of 0.01 lots, and a commission of $10 per standard lot traded. Swap is supported, with a margin call level set at 100% and a stop-out level at 50%.
Trading Platform:
GFS provides the MT5 trading platform to users, available on WINDOWS, ANDROID, MACOS, IOS, and WEBTRADER.
Deposits and Withdrawals:
After registering a GFS account, log in and go to the "Financial Information" option under "Personal Information" to add a bank account/bank card or USDT wallet. Once binding is completed, click "Deposit" or "Withdrawal" under asset management to perform deposits and withdrawals.
Affiliate Program:
GFS offers a partnership program where you can choose to become an introducing broker for GFS or join as an affiliate.
Customer Support:
Users can contact GFS via telephone at +852 3002 2272 or email at [email protected]. For further assistance, customer support services can also be accessed through online contact in the "Contact Us" section on their website.
Conclusion:
TraderKnows reminds investors that GFS is a forex and CFD broker operating without regulatory oversight, meaning there is no legal protection or legitimate complaint channels available in case of issues when trading on the platform.
Currently, this broker is marked as "Not Regulated" on TraderKnows.
