Score
United Kingdom
|
2-5 years
| https://www.gxbrokers.com/
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
United Kingdom
gxbrokers.com United StatesNote: GX's official website - https://www.gxbrokers.com/ is currently inaccessible normally.
| GX Review Summary | |
| Founded | / |
| Registered Country/Region | United Kingdom |
| Regulation | No regulation |
| Market Instruments | 2,100+, forex, CFDs, stocks and commodities |
| Demo Account | ❌ |
| Spread | From 0.2 pips (Forex) |
| From 0.4 pips (CFDs) | |
| Leverage | Up to 1:500 |
| Trading Platform | / |
| Min Deposit | USD 200 |
| Customer Support | Email: tradetoolspro@company.com |
| Address: 38 Ropery Rd Gateshead NE8 2HP United Kingdom | |
GX, the trading name of GS Brokers Capital Inc., is a brokerage company registered in the United Kingdom and currently does not maintain functional website, that's why we can only gather all the information in this article from Internet.
The company offers trading services in CFDs, stocks and commodities. Minimum dpeosit is a little high at USD 200, with a tight spread from 0.2 pips.
However, it cannot be negleceted that the broker currently operates without any valid regulation, which indicates possible less compliance to industry and customer protection.
What's worse, there are two complaints on WIkiFX about withdrawal issues, indicating unpleasant customer experience with this broker.
| Pros | Cons |
| Wide range of tradable assets | Inaccessible website |
| Tight starting spreads | No regulation |
| No demo accounts | |
| High minimum deposit | |
| WikiFX exposures about withdrawal issues |
Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of GX, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.
GX claims to offer access to 2,100+ tradable assets to trade, including Forex, CFDs, stocks and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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 Type | Min Deposit |
| Classic | USD 200 |
| Platinum | USD 500 |
While 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.
| Asset Class | Spread | Commission |
| Forex | From 0.2 pips | / |
| CFDs | From 0.4 pips | / |
| US stocks | / | From $3 |
| Commodities | / | From $1.25 per lot |
The leverage provided by GX is capped at 1:500. Nevertheless, you should 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.
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