GFX Securities

GFX Securities is a retail forex and CFD broker headquartered in Ebene, Mauritius. According to official records, the company was founded on August 22, 2019, and operates from 3rd Floor, Ebene Skies, Rue de I Institut, Ebene, Republic of Mauritius. The broker presents itself as a gateway to global markets, offering trading in forex, indices, commodities, cryptocurrencies, shares, and ETFs. Despite claims on its website of being 'globally licensed' and regulated by the Financial Services Commission of Mauritius, independent verification confirms that GFX Securities does not hold any active regulatory licence from a recognised authority. This absence of regulation is a critical factor for traders to consider.

The broker targets both retail and professional traders, providing three account tiers with varying minimum deposits and commission structures. The company maintains a social media presence on Facebook, Instagram, LinkedIn, and YouTube, and offers customer support via phone, email, and live chat.

GFX Securities offers three live accounts: Raw Spread, Zero, and PRO. The Raw Spread account is designed for cost-conscious traders with a $10 minimum deposit and commission of $6 per lot per side. The Zero account requires a $5,000 minimum deposit with a $4 per lot commission, while the PRO account starts at $20,000 with a $2.5 per lot commission.

All accounts feature spreads from 0.0 pips and leverage up to 1:1000, though the broker applies lower maximum leverage for indices, stocks (1:100) and cryptocurrencies. Other trading conditions include instant market execution, a margin call level of 70%, and a stop-out level of 50%. Islamic (swap-free) accounts are available.

These account structures suggest the broker caters to a broad range of capital sizes, from beginners with small deposits to high-volume traders seeking lower commissions. However, the very high leverage offered (up to 1:1000) amplifies both profit potential and risk, making these accounts unsuitable for inexperienced traders without strong risk management.

The broker's website mentions 'advanced trading platforms' but does not specify names such as MetaTrader 4 or 5. It is unclear whether GFX Securities uses a proprietary platform or a third-party solution. The broker promotes fast order execution, competitive spreads, and 24/5 Arabic technical support. Additional tools include a GFX Card for instant fund access, a social trading feature for copying strategies, and a loyalty points program that rewards trading activity. A 50% bonus on deposits is also advertised.

While these features may sound appealing, the lack of detail on the trading platform is a notable gap. Traders are advised to confirm platform availability and execution quality before committing funds.

GFX Securities claims to offer a diverse range of tradable instruments across multiple asset classes. These include forex pairs (such as NZDUSD), cryptocurrencies (BTCUSD, DOGUSD, LTCUSD), indices (DJIUSD, DAXEUR, NDXUSD), shares (US and EU equities), energies (BRNUSD, NGCUSD, WTIUSD), metals (gold, silver, and ethereum), and ETFs like Invesco QQQ and iShare Russell 2000. This broad product lineup aims to provide traders with ample opportunities for diversification.

However, the actual trading conditions—such as spreads, swap rates, and execution quality—are not publicly detailed. Without independent verification or user reviews, it is difficult to assess whether the broker delivers on its promises regarding market access.

The most significant concern for GFX Securities is its regulatory status. Official records show no recognised regulatory licence for this broker. While the website claims regulation by the Financial Services Commission (FSC) of Mauritius under the entity Gilgamesh Financial Services (license GB21027073), this claim could not be independently confirmed through the FSC's public register. Even if licensed, the FSC of Mauritius is not a stringent regulator by international standards and offers limited investor protection, such as no compensation scheme.

The broker's FXCanary Scam Risk Score is 75 out of 100, indicating severe risk. Traders should be aware that unregulated brokers offer no recourse in case of disputes, and client funds may not be segregated or protected.

GFX Securities does not publicly list its payment methods on the website. The mention of a GFX Card suggests that clients may receive a debit card for fund access, which could indicate a wallet-based system. Typically, brokers accept bank transfers, credit/debit cards, and e-wallets, but this has not been confirmed for GFX Securities. The broker's terms and conditions reference a 'Card' issued by the company or its partner for account balance access.

Potential clients should inquire about deposit and withdrawal options, processing times, and any fees before opening an account. The absence of clear information on funding is a red flag that warrants caution.

GFX Securities offers customer support via phone (+97317260190), email (cs@gfxsecurities.com), and a contact form on the website. The broker also has a presence on Facebook, Instagram, LinkedIn, and YouTube, which may serve as additional channels for updates and community engagement. The website mentions '24/5 Arabic technical support', indicating availability during the trading week. Educational resources are not prominent on the site, though the broker provides a blog or news section may be absent.

For an unregulated broker, responsive customer support is essential, but it cannot replace regulatory oversight. Traders should test response times and quality before making any deposits.