Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

GX

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.gxbrokers.com/

Website

Rating Index

Contact

tradetoolspro@company.com
https://www.gxbrokers.com/
38 Ropery Rd Gateshead NE8 2HP United Kingdom.

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Broker Information

More

Company Name

GS Brokers Capital Inc.

Company Abbreviation

GX

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-06-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

GX · WikiFX Survey

Users who viewed GX also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GVD Markets

7.45
Score
2-5 yearsRegulated in CyprusStraight Through Processing(STP)MT5 Full License
Official website

GMI

7.47
Score
5-10 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
Official website

VT Markets

8.64
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website
Pyramid scheme complaint
Expose

GX · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No regulation
Market Instrument Forex, CFDs, stocks and commodities
Account Type Classic and Platinum
Demo Account N/A
Maximum Leverage 1:500
Spread Forex: from 0.2 pips, CFDs: from 0.4 pips
Commission US stocks: from $3, commodities: $1.25 per lot
Trading Platform N/A
Minimum Deposit $100
Deposit & Withdrawal Method N/A

GX, a trading name of GS Brokers Capital Inc., is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads via two different live account types. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that GX currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.08/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

GX advertises that it offers access to 2,100+ tradable assets to trade, including Forex, CFDs, stocks and commodities.

Account Types

GX claims to offer two types of trading accounts, namely Classic and Platinum, with minimum initial deposit requirements of $200 and $500 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Types

Leverage

The leverage provided by GX is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.

Spreads & Commissions

GX claims that the spread and commission vary depending on the trading asset. For example, the spread is as low as 0.2 pips on forex, and from 0.4 pips on the CFDs. The commission is from $3 on US stocks and $1.25 per lot on commodities.

Spreads & Commissions

Deposit & Withdrawal

The minimum initial deposit requirement at GX is said to be $100. While opening an account requires at least $200. However, the broker says nothing about the deposit and withdrawal methods.

Customer Support

GX‘s customer support can be reached by email: tradetoolspro@company.com. Company address: 38 Ropery Rd Gateshead NE8 2HP United Kingdom. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple account types offered • No regulation
• Competitive trading conditions • Lack of transparency

Frequently Asked Questions (FAQs)

Q 1: Is GX regulated?
A 1: No. It has been verified that GX currently has no valid regulation.
Q 2: What is the minimum deposit for GX
A 2: The minimum initial deposit at GX is said to be $100.
Q 3: Is GX a good broker for beginners?
A 3: No. GX is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

4

Comments

Write a review

Lynx5124
more than one year
liar die
2023-01-19 18:29
Reply
0
1
FX1181805683
more than one year
I have been trading with this broker for the last 3 months. During this period, I never faced any issues rather and their customer service is very friendly and professional.
2022-12-19 18:07
Reply
0
0
FX1153297136
more than one year
This company does not provide Chinese services, so I don't want to invest here... To take a step back, even if it provides Chinese services, I will stay away from it for safety reasons. It does not have any regulatory licenses!
2022-12-15 11:57
Reply
0
0
FX1150813415
more than one year
It only costs US$500 to open a top-level platinum account in this company, and the threshold is still relatively low, but I noticed that this company does not have any regulatory information...dangerous! If you are scammed by such a company, it is generally difficult to recover.
2022-12-14 17:04
Reply
0
0
2
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com