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GFX Securities is a forex broker located in Mauritius, regulated by the Financial Services Commission (FSC).
GFX Securities accepts clients from all over the world, excluding USA and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
| 25+ Currency Pairs | Based on major and minor world currencies. |
| 11 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 4 Metal CFDs | Based on Gold, Silver, Platinum and Palladium. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 70+ Stock CFDs | Based on shares of US and EU companies. |
| 7 ETF CFDs | Based on exchange-traded funds containing various tradable assets. |
GFX Securities is a forex broker registered in Mauritius that is regulated by Mauritius’ Financial Services Commission (FSC). The broker offers a range of trading instruments, including forex, commodities, stock indices, single stocks, and even exchange-traded funds (ETFs).
One thing that perhaps stands out about GFX Securities is that this broker appears to cater mostly to traders from the Middle East. The website is available in Arabic in addition to English, and the broker is originally from Bahrain although the company is today registered offshore in Mauritius. The broker also states on its website that it is the “preferred broker of Arab traders,” and says it is focused on implementing “Islamic principles in trading.”
Although it is registered in an offshore jurisdiction, a good thing about GFX Securities is that it is in fact regulated by the local regulator. This means that the broker is required to adhere to stringent financial and operational standards, which are designed to protect clients against fraud, misconduct, and other forms of wrongdoing. This is a positive sign for traders who are looking for a reliable and trustworthy broker.
Also interesting to take note of are the “additional tools” that GFX Securities offers, including a handy margin calculator and a foreign currency converter. Other free tools include a trading signals service via the messenger app Telegram, which the broker - without providing any evidence - claims is “characterized by a success rate of 80%.”
At the time of writing, the only platform supported by GFX Securities is MetaTrader 5 (MT5), with the platform’s web interface accessible via the broker’s website. Building on the popular MT4 platform, MT5 also still remains popular in the forex trading community. A major reason for this is the huge selection of custom technical indicators and strategies that can be found within the platform.
Further, GFX Securities provides a range of trading accounts, including a Standard account, an Advanced account, a Pro account, a Business account, and a Prime account. Common for all of these accounts is that they support high leverage of up to 1:500, and that they all offer commission-free trading.
Given that all accounts are commission-free, that unfortunately means that traders have to pay higher spreads (between buy and sell prices) than what is available from many other brokers. As a result, GFX Securities may not be the best choice for some high-volume traders, although it should be fine for those who have smaller trading accounts.
When funding a trading account, GFX Securities accepts a range of payment methods. Among these are of course Visa and MasterCard, as well as traditional bank transfers, and crypto payments made with the stablecoin Tether (USDT).
To reach GFX Securities, traders can make a call to the broker’s office in Mauritius, send an email, or use live chat via the website. We are happy to see that direct phone numbers are provided for the different departments, including a direct number to the account management department, which should be able to address most issues clients face.
GFX Securities promises on its website that the support team is available 24 hours a day on all trading days.
All in all, we believe GFX Securities is a forex broker to watch, and that it could be an interesting option for traders from the Middle Eastern region. Both the website and support functions are available in the Arabic language, which obviously is a huge plus for local traders. It’s also worth noting that GFX Securities calls itself a “Bahraini broker,” although it is technically registered in Mauritius.
