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GFC Markets Review


$2000 for first time deposit in the standard trading account
November 01, 2010     Favorites0 Add to favorites
 
Editor rating
 
 3.4 User rating
 
 4.7 (2)
About GFC Markets Review

GFC Markets is an online broker firm which began operations in 2009. Although the company is relatively new, it offers trading opportunities and excellent customer support through email, online chat and the phone.

GFC Markets has different trading platforms for desktop users, web users and mobile users. All the platforms offer user-friendly interface with high quality real time analytics. To trade with GFC Markets, an individual can open an account with the company at a minimum deposit as low as $50. The company also offers demo trading accounts.
Details

Broker Info

Foundation Year 2009
Location Cyprus

Trading Info

Platforms GFC Java Trader • GFC Mobile Trader • GFC Trader
OS Windows • Wap
Max Leverage 200:1
Currency Pairs 44
Spreads from 3 pips
Markets other than Forex Gold • Oil • Stocks • Commodities • Indices • CFD
Minimum Deposit $ 50
Stop Order Yes
Limit Order Yes
Trailing Stop Order Yes
24hr Trading Yes
Free Demo Account Yes
Islamic Account No
Scalping Yes
Hedging Yes
Bonus $2000 for first time deposit in the standard trading account

Contact Info

Website www.gfcmarkets.com
Supported Languages English • Arabic • Chinese • French • German • Italian • Japanese • Russian • Spanish • Dutch • Turkish
Phone +357-2-203-0583
E-Mail support@gfcmarkets.com
Online Form No
Online Chat Yes
Address Treppides Tower, 6th Floor Kafkasou 9, Aglantzia, Nicosia, Cyprus.
Users reviews

User reviews

Average user rating from: 2 user(s)

Overall rating: 
 
 4.7
Account opening procedure:
 
 5.0   (2)
Trading platform:
 
 5.0   (2)
Money transactions issues:
 
 4.5   (2)
Customer support:
 
 4.5   (2)
Reliability:
 
 4.5   (2)
 
Ratings (the higher the better)
Account opening procedure*
Trading platform*
Money transactions issues*
Customer support*
Reliability*
Pros and Cons
Comments*
    Please enter the security code.
 
 
Overall rating: 
 
 4.8
Account opening procedure:
 
 5.0
Trading platform:
 
 5.0
Money transactions issues:
 
 5.0
Customer support:
 
 4.0
Reliability:
 
 5.0
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Reviewed by milirose
April 30, 2010
Top 50 Reviewer
Comments (0)
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0 of 0 people found the following review helpful

In my 5 years as a forex trader, I have not found any broker who can get your job done so fast as GFC Markets. In my knowledge, traders always face a lot of problems with their brokers for money withdrawal, technical support and the manual closing of the deal. Even the most popular brokers tend to provide wrong quotations and introduce delays in closing the deal. All these tactics reduce the profit margin. However, with GFC Markets, I have faced no such problems. I use the mobile and web-based platforms provided by this broker and both work very well. In four months there has been no crashing of the software or technical errors. I love to trade through the GFC mobile platform. It makes me feel amazed at how advanced the technology is for me to invest even while walking on the road.

Customer care support is another area in which this broker scores over other reputed brokers. Live chat support is very prompt. Their executives were able to solve my problem relating to the spread range within a few seconds. With all my experience and knowledge, I will recommend GFC Markets to all traders and particularly to new ones.

 
Overall rating: 
 
 4.6
Account opening procedure:
 
 5.0
Trading platform:
 
 5.0
Money transactions issues:
 
 4.0
Customer support:
 
 5.0
Reliability:
 
 4.0
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Reviewed by tkelly
April 30, 2010
Top 10 Reviewer
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0 of 0 people found the following review helpful

My experience with GFC Markets has been excellent. In my opinion, the best feature of this broker is that it offers desktop, web-based and mobile trading platforms. This allows me to perform trading while I am out of town or shopping or enjoying with the family. The mobile trading platform works well to access real-time information for different currency pairs. Although it is a little more complex than the desktop or web-based platforms, I like trading via the mobile GFC Trader whenever I am away from my laptop.

I found the information available through experts very helpful in trading forex. Another exciting feature is prompt customer service. One can access customer support through chat, mail or telephone. I have contacted customer care thrice through live chat and every time they resolved my query promptly. This is the benefit of trading through a relatively new broker. However, the lack of experience can sometime be considered as a drawback. I believe GFC Markets is a smart choice for both novice and experienced traders.

 
 

Editor review

GFC Markets review

Overall rating: 
 
 3.4
Account opening procedure:
 
 4.0
Trading platform:
 
 3.0
Money transactions issues:
 
 3.0
Customer support:
 
 3.0
Reliability:
 
 4.0
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Reviewed by Forex Rate It!
April 22, 2010
#1 Reviewer
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Last updated: November 01, 2010
2 of 3 people found the following review helpful
SafeCap Investment Ltd., a Cyprus-based company owns and operates GFC Markets. The online trading platform began operations in the year 2009 and is regulated by Cyprus Securities Exchange Commission (CySEC).

Registration and Account Opening
With GFC Markets, an individual can register for a demo or practice account on the company website. The demo account offers 100K in virtual funds for forex and CFD trading for a period of 30 days. This allows users to get accustomed to different features of the trading platform. To register for the demo account, one has to fill an online application form.

To enjoy real trading, the company offers three different types of accounts:
• Mini account: An individual can open a mini account at a minimum deposit of $50. The maximum deposit for this account $2,499. The company offers a welcome bonus of $250 to mini account holders. They also have access to news to mobile services.
• Standard account: The standard account holder receives a bonus of $2,000 at the time of registration. The initial deposit limit for a standard account is $2,500 to $19,999.
• VIP account: A VIP account holder receives a personal market dealer. They also receive unlimited access to forex market analysis. The minimum initial deposit limit for a VIP account is $20,000.

GFC Markets has an exclusive, active trader program, which offers special rebates for all the trading activities. Any individual with a standard account and more than $5,000 deposit can qualify for this program. However, the program is limited to exchange in only 10 currency pairs.

Money Deposition:
GFC Markets website allows money deposition from a range of online money transfer gateways such as:
• FastBank Transfer
• WebMoney
• Credit cards - MasterCard, Visa, Maestro, Delta
• Wire Transfer

Trading Platform:
GFC Markets provides three different types of trading platforms to optimize trading according to individual requirements. GFC Trader is a desktop-based platform for trading in foreign currency and CFD; whereas GFC Java is a comprehensive web-based platform. Users who prefer trading 24 X 7 can opt for GFC Mobile Trader.

All the platforms sport a user-friendly interface with sophisticated features such as real-time market upgrade, analytical tools and charts prepared by experts. An individual can effectively use these features to develop a strong trading strategy.

Customer support:
GFC Markets provides excellent customer support 24 x 7 through email, the phone and online chat. With over 25 local telephone lines in different countries and multiple dedicated emails, support is always at the fingertips with GFC Markets.
Although the company is relatively young in the forex business, it offers high quality customer-oriented services. With a host of exclusive features and exciting bonus options, it is a wise decision for both novice and experienced traders.

Pros and Cons

Pros: - Mobile-based trading platform
- Excellent customer support
- Demo account
- Multiple language support
Cons: - Relatively inexperienced broker
- Information delay may occur during an important news break