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GWFX Global Review

  1. A leading online broker in financial services, GWFX Global, is the brand name of the Goldenway Group of companies established in Hong Kong in 2009. Significantly, Goldenway Global Investments UK Ltd, is authorised and regulated by the FCA in the UK. Furthermore, any complaints about the company can be addressed to the Financial Ombudsman Service in the UK. Clients with accounts at GWFX Global enjoy a high level of protection with funds kept in a segregated account and through the Financial Services Compensation Scheme. The FSCS covers up to £50,000 per trader in the event of an FCA regulated broker becoming insolvent. GMFX Global is one of the fastest growing e-brokers in the industry, offering online trading for Forex, Gold, Silver and offshore RMB (Chinese currency ‘Renminbi’ traded and settled outside China). GWFX Global provides access to the GW MT4 trading platform from trading accounts established by retail traders and large volume institutional traders. Traders enjoy up to 1:500 leverage and tight spreads across the financial instruments available. We saw that GWFX Global, takes Corporate Social Responsibility seriously and actively supports charities and volunteer groups working in the community.

  2. GWFX Global Login

    A risk-free demo account lasting 30 days, can be set up at GWFX Global in seconds, by downloading the GW MT4 trading platform and selecting the Demo account server. Users of the Demo account experience a simulated trading environment on a dedicated demo platform with 100,000 USD of virtual funds. A free operating manual is provided along with real time quotes, just as those enjoyed by users of the real-time trading platform. The object of a Demo account is to become confident and familiar with trading in financial instruments before investing real funds at GWFX Global.

    Account Types

    Whilst GWFX Global offers a Standard account and a VIP account, we saw that the Standard account is suitable for retail traders and the VIP account for institutional traders. Both types of account operate in USD and funds deposited in other currencies are converted to the USD. Notably traders can trade in only 18 Forex currency pairs, the precious metals Gold and Silver and in offshore RMB. All these financial instruments can be traded from the Standard or VIP account on the GWFX Global desktop and mobile trading platform. Both accounts provide access to 31 analysis tools and 30 financial indicators on the trading platform.

    The Standard Account

    To set up a ‘Standard’ live trading account, traders are required to make a minimum deposit of $200. The deposit is treated as the margin amount for executing financial transactions at GWFX Global. The minimum size of a financial transaction in Forex is $50 and 0.1 lot which in trading terms is the relatively high Mini-lot. Most online brokers allow trading in Micro-lots which is 0.01 lot. The Standard account offers floating spreads for major Forex currency pairs from 0.2 pips and leverage up to 1:500. Traders in Gold and Silver enjoy narrow spreads with 1:100 leverage. Notably, the minimum trade in precious metals is 0.1 lot and the minimum margin is 1,000 USD. To trade in offshore RMB, the minimum trading lot is 0.1 with the margin starting at 60 USD. Commission is not charged on trading any of the financial instruments as the revenues to the company come from widening the pip spreads. Only traders who make transactions over the phone with GWFX Global brokers, pay 7.50 USD commission on each transaction.

    VIP Account

    A minimum deposit of 50,000 USD is needed to open a VIP account. The exclusive advantages of a VIP account are access to the services of a VIP account manager and priority service. Significantly, the minimum trade size is set at 1 lot and the minimum value of a single transaction is $50,000. These parameters make the VIP account appropriate for institutional traders. Notably, Forex floating spreads start at 0 pips for major currency pairs. Comparable tight spreads for precious metals, start from 0.03 USD on Silver and 0.45 USD for Gold.

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  5. GWFX Global Forex Trading

    Traders at GWFX Global are given access to the award-winning GW MT4 trading platform renowned for speedy execution. The user-friendly platform is not only suitable for desktop trading but trading on the move through the incorporated mobile trading platform for Android and iOS powered devices. The GW MT4 is available for download on the GWFX Global website in seconds. Traders all over the world use the straightforward platform in 9 time- frames, dozens of languages and with 24/5 support. Customers can create trading strategies using up to 30 types of technical indicators, 31 chart drawing tools and updated reviews about market performance and trends. Moreover, the platform supports two types of instant trade executions and four types of pending orders. Significantly, traders can request trailing stop and price alert notifications on desktop and to their phones by SMS.

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  7. The Customer Care Centre at GWFX Global provides several ways of contacting the customer service agents. Live Chat is available from the interface 24/5 and seven international toll-free telephone numbers are listed. These numbers include Indonesia, Singapore, Korea, Malaysia, Japan, Vietnam and Thailand. Notably, customers can request a call-back at a time convenient to them. Additional options seen in the customer care centre are two email addresses for regular support and for IB partner support, where a response is typically sent within 24 hours. We found the FAQs page in the Customer Care Centre, comprehensive and useful for new customers at GWFX Global.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  9. GWFX Global Investing

    Customers can fund their accounts in USD or GBP by bank wire transfer, using details given on the ‘Funding’ page on the GWFX Global website. Visa and Mastercard deposits can be made through the payment gateways Amopay and Globalcollect in multiple currencies. Customers choosing the E-Wallets, Skrill and Fasapay can deposit in Indonesian Rupiah and USD only. Notably traders are asked to submit withdrawal requests to the customer centre where they are processed within 24 hours. Delivery of funds to customers takes 1-2 business days, making GWFX Global a leading online broker for processing and delivery of withdrawals.

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    Between 74-89 % of retail investor accounts lose money when trading CFDs
  11. Your capital is at risk