About GFA Capital markets
Company Overview
GFA Capital Markets LTD (trading as GFA Capital Markets) is an Australia-based broker founded in April 2020. The company operates from Suite 201, Level 2, 46 Market Street, Sydney, NSW 2000. Its website is gfacm.com.
The broker describes itself as a provider of online CFD trading services to retail and corporate clients. It offers trading in forex and metals via its proprietary web platform. The company also provides a demo account for new users.
Regulatory Standing
GFA Capital Markets claims to hold ASIC AFS Licence No. 398104, but independent checks by FXCanary raise serious concerns. Our review found that the licence displayed on the broker’s site appears to be cloned from another entity, and the broker is not officially regulated by ASIC. The ASIC register shows the licence belongs to a different company.
This discrepancy is a significant red flag. Traders should not assume that this broker operates under genuine regulatory oversight. The FXCanary Scam Risk Score of 38/100 reflects the guarded outlook due to this unverified regulatory status.
Account Types and Minimum Deposits
GFA Capital Markets offers four account tiers: Mini ($100 minimum), Standard ($2,000), High Level ($30,000), and VIP ($300,000). All accounts are in USD. The broker does not disclose maximum leverage on its site, but the tiered structure suggests higher-tier accounts may offer better conditions.
Lot size limits vary by account: Mini accounts can trade from 0.01 lots for metals and forex, while VIP accounts can trade up to 1 lot minimum and 10 lots maximum for metals, with higher position limits. These specifications are designed to accommodate both small and large traders.
Trading Platforms and Instruments
The broker provides its own custom web-based trading platform, accessible via a browser with no download required. The platform displays real-time quotes but notes they are for reference only. Trading hours are 24/5, with specific summer/winter schedules for forex and metals.
Instrument coverage includes major forex pairs (EUR/USD, USD/JPY, etc.), crosses, and precious metals (gold, silver, platinum, palladium). The broker does not list indices, commodities, or cryptocurrencies on its site.
Funding and Withdrawals
GFA Capital Markets accepts funding via bank wire (EFT) and card payments. Deposits are credited in USD only. The broker claims client funds are held in segregated trust accounts, although without genuine regulation this claim is unverifiable.
Withdrawal requests are processed through the client portal. The broker advises uploading bank receipts and completing an online form to track deposits. No explicit fees or processing times are mentioned on the site.
Target Audience
With account minimums ranging from $100 to $300,000, GFA Capital Markets targets a broad spectrum of traders, from beginners to high-net-worth individuals. The tiered account structure allows traders to choose based on their capital and trading size.
However, given the questionable regulatory status, the broker is primarily suited only for traders willing to accept high risk. Conservative and risk-averse traders are strongly advised to seek regulated alternatives.
Overview compiled by FXCanary from regulatory records and public data. full GFA Capital markets review