GxFX.com was an unlicensed CFD Forex and Stock Broker, that opened October 2018, and is now closed.
They are owned and operated by: Softgeeks OU, which is located at: Roosikrantsi 2-K033, Tallinn 10119 Estonia. GxFX can be reach by phone in United Kingdom at: +442080895994 or via email at: [email protected]. Official website is: https://gxfx.com.
Investors can see complaints and withdrawal problems by reading this.
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GxFX Broker Review
Our thorough in-depth review of the brokers GxFX finds, that they give investors just a simple web-based trading platform called Panda. This trading software is very simple and easy to use for beginners. It is basically designed for a new online investor, that can’t figure out how to use the advanced trading platforms like MT5. They do not give you the option of using MetaTrader4, and there are no mobile apps available either.
You can see they offer CFD trading on many underlying assets including; Forex, Commodities, Crypto, Shares and Market Indexes. Minimum deposit for a new trading account should be $250, but they account types page shows otherwise.
Most investors were directed to this firm via a trading software like Crypto Revolt. If you read the terms and conditions page at GxFX, you will see that your account will be terminated for using automated trading software.
“If it is determined by GXFX.com that you have employed or made use of a system (including machines, computers, software or other automated systems such as bots) designed specifically to defeat the gaming system.”
Top tier ECN brokers all use MT5 which allows the integrations of Expert Advisors and API trading systems.
GxFX Not Licensed
When the Scam Broker Investigator reviews a CFD Forex broker to see if they are a legitimate or scam broker, we look for a valid government license. The brokers license should be from ASIC Australia or FCA United Kingdom.
GxFX is not a licensed broker! You should read reviews of all licensed brokers, and also look at the Top Rated Brokers.
Compare The Best Brokers
Smart investors always try out a few Forex brokers, before choosing which brokerage firm to use.
ForTrade is the best broker which is licensed and authorised by the FCA in United Kingdom, see here.
Signup for a Free Demo of their awesome trading platform, register here.
If you are currently investing at GxFX, please share your experience with other investors, in the comment section below.