GXFX is a Forex and CFD broker founded in the year 2018. It offers over 50 currency pairs, commodities, stocks, indices, and cryptocurrencies. The broker does not offer popular trading platforms such as MT4 and MT5, it uses its own web-based trading platform. The minimum deposit is $300 to open a live account.
Is GXFX Legit?
GXFX is an unregulated platform owned by SoftGeeks OU, based in Estonia. The broker falsely claims to be regulated by the Estonian Financial Supervision Authority (EFSA). Thus, the broker does not have a valid license to perform financial services.
Should You Invest With GXFX?
As per available information, GXFX has used fake credentials to increase its client base. There is a high chance that the company might abuse the rules and regulations. Therefore, it is better to avoid such an illegal broker for any sort of investment.
What If GXFX Scams You?
GXFX has some major red flags in the market. The company is probably a scam and should not be trusted at any cost. In case, if you are facing a scam issue with GXFX, approach us. Our team of professionals will assist you to recover your lost money.
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