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GFX is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.
GFX's website is down, a clear scam indicator. It is critical for a broker to have a properly functioning website facilitating trading and displaying essential information. The absence of a website suggests potential issues with a broker's reliability and resources. In many cases, scam brokers usually abscond with investors' funds after closing their websites. Furthermore, our records show that GFX is not overseen by any regulatory body.
Regarding your question, GFX is an unlicensed broker coming with huge risks including financial losses and identity theft. Therefore, investors are strongly suggested to stay away from unlicensed brokers like GFX and choose fully regulated ones instead.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.