General Information
GLX Is An Integrated Forex Financial Services Provider That Provides Trading Solutions And Trading Experience To Clients Engaged In CFD Investing With A Maximum Leverage Of 1:1000. The Broker Also Offers Standard And Original Spread Accounts. The Lowest Spread Is 0.0 Pips And The Minimum Deposit Is Only 200 Dollars. GLX Remains At Risk Due To Its Unregulated And Highly Leveraged Status.
Pros And Cons
Pros
Maximum Leverage Up To 1:1000
Spreads As Low As 0.0
Offers MT4/MT5
Offers CFDs On Various Assets
Cons
Unregulated
No 24/7 Customer Support
Is GLX Legal?
GLX Is Not Regulated, Although It Claims To Be Regulated By The Securities And Exchange Regulatory Commission Of Cambodia (SERC). However, Unregulated Brokers Are Not As Safe As Regulated Brokers.
What Can Be Traded On GLX?
Traders Can Choose From Different Investment Directions As The Broker Offers CFDs On Forex, Including 61 Currency Pairs, 25 Indices, Futures From ICE Dollar Index And CBOE VlX Index, Commodities Covering Energy, Agricultural And Metals, As Well As Cryptocurrencies And Stocks.
Account Types
GLX Offers Two Real Account Types, Standard Account And Our Market-leading Raw Spread Account. The Raw Spread Account Charges A Commission Of 7 Dollars Per Standard Lot Round-trip, Showing The Original Interbank Spread We Receive From Our Liquidity Provider. The Standard Account Does Not Charge A Commission, But Does Take A 1 Pip Markup On The Spread, Higher Than The Original Interbank Rate Obtained From The Liquidity Provider. In Addition, The Demo Account Is Primarily Used For Familiarization With The Trading Platform And Educational Purposes.
Fees
The Lowest Spread Is 0.0. GLX Offers Forex Traders An Average EUR/USD Spread Of 0.1 Pips, One Of The Tightest Spreads Among All Forex Exchange Brokers Worldwide. GLX Does Not Charge A Commission On The Standard Account, But On GLX's Raw Spread Account, It Charges A Commission Of 3.5 Dollars Per Standard Lot Round-trip.
Leverage
GLX Offers Flexible Leverage Options From 1:1 To 1:1000. GLX Allows To Trade The Spot Price Of Metals, Including Gold Or Silver Against The US Dollar Or Euro, And Platinum Or Palladium Against The US Dollar As Currency Pairs, With Leverage Of 1:1000.
Trading Platform
GLX Works With The Authoritative MT4, As Well As MT5 Available On The Web And Mobile For Trading. MT5 Not Only Offers A Variety Of Trading Strategies, But Also Implements The EA System.
Deposits And Withdrawals
GLX Allows Customers To Open Accounts In A Minimum Of 200 Dollars Or Equivalent Currency. GLX Does Not Charge Any Additional Processing Fees For Deposits Or Withdrawals. GLX Does Not Accept Third Party Payments. Joint Bank Accounts/credit Cards Are Accepted For Payments If The Transaction Account Holder Is A Party On The Bank Account/credit Card. Traders Can Make Deposits And Withdrawals Via VISA, MasterCard, Neteller, Bank Transfer, Skrill And UnionPay. Telegraphic Transfers Usually Take One To Two Business Days. For International Bank Transfers, Please Allow Three To Five Business Days.
Customer Support
Phone: + 852 936 132 67
Email: Info@glexchange.com
