About GRACEX
Company Overview
Gracex is the trading brand of GRACEXFX Ltd, a company registered in the Union of Comoros. The firm was founded on November 12, 2024, and is headquartered at Hamchako Mutsamudu, on the Autonomous Island of Anjouan. As of this writing, Gracex has no verified regulatory license on file, meaning it operates without oversight from a major financial authority. The broker targets retail and professional traders with a range of account types and a broad instrument selection.
Gracex offers trading in forex, metals, indices, energies, cryptocurrencies, and stocks. The platform supports multiple account tiers designed to accommodate different trading styles and capital levels. The company emphasizes fast execution and low spreads as key selling points.
Regulation and Licensing
GRACEXFX Ltd does not hold any known license from a regulatory body such as the FCA, CySEC, or ASIC. The company is registered in Comoros, a jurisdiction not known for stringent financial regulation. The absence of oversight means traders have limited recourse in case of disputes. According to aggregated industry data, there are no clone or impersonator sites detected, but the broker’s regulatory status remains a major risk factor.
Account Types and Features
Gracex provides six account types: FREE, FIX, ZERO, VIP, PRO, and STANDARD. The FREE account requires a minimum deposit of $100 and offers leverage up to 1:1000 with spreads from 0 pips. The FIX account has the same minimum deposit and leverage but spreads start from 3 pips.
The ZERO account is aimed at high-volume traders with a $50,000 minimum deposit and 1:100 leverage. The VIP account requires $20,000 minimum, leverage up to 1:200, and includes commissions. The PRO account starts at $1,000 with 1:500 leverage and commissions.
The STANDARD account has a $100 minimum, 1:1000 leverage, and per-lot commissions. All accounts offer access to the same instruments, though commission structures differ.
The broker advertises tight spreads, with forex majors starting from 0 pips on most accounts. Leverage is high on lower-tier accounts, but reduced on the ZERO and VIP accounts. Deposit and withdrawal methods are not specified in the provided data, but the broker claims to accept cards, cryptocurrencies, and local deposits.
Trading Platforms and Instruments
Gracex offers a proprietary trading platform that users describe as clutter-free and fast. The platform supports forex, metals, indices, energies, crypto, and stocks. The available instruments include 28 forex majors, 25 forex exotics, 7 metals, 11 indices, 3 energies, 85 cryptocurrencies, and 280 stocks.
This gives traders a diverse range of markets to trade. The broker states that execution is instant and based on STP (Straight Through Processing) technology, with no slippage or fake moves. The platform is designed to be beginner-friendly while offering advanced tools for experienced traders.
Target Audience
Gracex markets itself to both novice and experienced traders. With high leverage options and low initial deposits, the broker appeals to those looking to start small and scale up. The range of accounts allows traders to choose between commission-free trading with wider spreads or lower spreads with commissions. The availability of PAMM accounts and social trading features also attracts passive investors. However, the lack of regulation and reported withdrawal issues make it unsuitable for risk-averse traders.
Overview compiled by FXCanary from regulatory records and public data. full GRACEX review