Overall, GFF Brokers can be summarised as credible and trustworthy brokers and are considered low-risk with competitive trading fees. GFF Brokers has an overall trust score of 80 out of 99. GFF Brokers offers no fees for deposits but does have fees on outgoing transfers.
GFF Brokers At a Glance
| Broker’s Name | GFF Brokers |
| ?️ Headquarters | Glendale, California |
| ? Year Founded | 2016 |
| ⚖️ Regulating Authorities | NFA |
| ? Countries not accepted for trade | All countries accepted |
| ? Accounts | Forex Account Futures Account |
| ☪️ Islamic account (swap-free) | No |
| ? Demo Account | No |
| ✴️ Institutional Accounts | No |
| ??? Managed Accounts | No |
| ⬆️ Maximum Leverage | 1:500 |
| ? Sign Up Bonus | None |
| ? Minimum Deposit | None |
| ?Fees | No Deposit or withdrawal fees |
| ? Deposit Options | Bank Wire
Credit/Debit Card |
| ? Withdrawal Options | Bank Wire
Credit/Debit Card |
| ? Platform Types | Forex Trader
GZT OEX Trader MetaTrader 4 |
| ? OS Compatibility | Mac, Microsoft Windows, Mobile, Web, iPhone |
| ? Tradable assets offered | Forex, Futures |
| ? Languages supported on Website | English |
| ? Customer Support Languages | English |
| ⏲️ Customer Service Hours | 24/5 |
| ? Open an Account | ? Click Here |
Choose your quick section of our GFF Brokers below.
GFF Brokers review – 19 key point quick overview:
GFF Brokers At a Glance- GFF Brokers Overview
- GFF Brokers Safety and Security
- GFF Brokers Sign-Up Bonus
- GFF Brokers Minimum Deposit
- GFF Brokers Demo Account
- GFF Brokers Leverage
- GFF Brokers Accounts
- GFF Brokers Market instruments
- GFF Brokers Fees, Spreads & Commissions
- GFF Brokers Deposit and withdrawal
- GFF Brokers Trading platforms
- GFF Brokers Best Countries by Traders
- GFF Brokers vs Exness vs XM – a Comparison
- GFF Brokers Customer Reviews
- GFF Brokers Pros and cons
- GFF Brokers Conclusion
- GFF Brokers Disclaimer
- Frequently Asked Questions
GFF Brokers Overview
According to research in South Africa, GFF Brokers is an evolving next-generation brokerage firm. The GFF Team consists of multiple industry veterans from Brokers to Support Staff.
As an NFA Member and a registered IB with the CFTC, GFF Brokers powers through the industry by providing low-cost futures and forex trading backed by quality customer service, industry expertise, and a growing array of trading platform offerings.
Whether you’re new to futures and forex trading or are a seasoned trader, the GFF Brokers team provides excellent brokerage services and trading support as well as 24-hour phone support (Sunday 2pm PST – Friday 3pm PST).
The broker also offers competitive commissions, cutting-edge technology, and educational resources.
GFF Brokers Safety and Security
The forex market is highly volatile, linked as it is to fluctuations in global currencies which in turn are determined by various market movements and international events.
While this very volatility contributes to more enhanced and lucrative trades, particularly for regular traders, it also means that a certain level of security is required within the forex trading environment in order to ensure full profitability.
Most forex brokers aim to provide a certain level of security through some form of authorization under relevant regulatory bodies. The most recognized of these bodies include organizations such as the FCA, CySEC, and ASIC.
However, such regulation can also present certain restrictions, such as on the level of leverage that regulated brokers may offer.
While these restrictive measures are put in place in order to protect traders, some investors may seek out brokers with less regulatory restriction to benefit from concurrently enhanced trades – a risk that is ultimately taken at the trader’s own discretion.
GFF Brokers is a California-based broker which is listed as a member of the NFA. The NFA is one of the most reputable regulatory bodies in the world which carries out some of the strictest guidelines in the forex industry.
GFF Brokers Sign-Up Bonus
GFF Brokers does not offer new traders a sign-up bonus or also known as a welcome bonus when signing up.
GFF Brokers Minimum Deposit
| ⭐ Features | ℹ️ Information |
| ? Minimum Deposit | $1 USD / R16 ZAR |
| ? Deposit / Withdrawal fees | None |
| ? Maximum leverage | 1:500 |
| ? Bonus | none |
| ☎️ Customer support | 24/7 |
The minimum deposit amount required to register a GFF Brokers trading account is $1. This minimum deposit is equivalent to R16 ZAR at the current exchange rate between the South African Rand & United States Dollar.
GFF Brokers Demo Account
GFF Brokers does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The GFF Broker demo account does not have a specific expiry date.
GFF Brokers Leverage
Most brokers on the forex market today offer some form of leverage, which is essentially a small loan granted on behalf of the broker to their clients in order for them to make larger trades and increase their potential profits.
The entire forex and CFD industry to some extent relies upon the use of margin and leverage.
Leverage is the opportunity provided by a forex broker to open a speculative position worth a much larger amount of money than you have at your disposal. Leverage is expressed in ratios like: 200:1, 100:1, 50:1, etc.
For example, if your online trading company blocks €1,000 from your trading account to open a 100,000 EUR/USD position, it means you are using a 100:1 leverage. Put in different words, you control €100,000 with only €1,000.
As such, leverage is a great way for smaller traders to potentially make larger returns than they would have been able to with the investments already at their disposal.
However, making larger speculations with borrowed money also carries a higher risk of significant losses, particularly for those intending on investing large sums of money.
It is for this reason that many regulators made the decision to cap the maximum leverage that brokers operating under their authority could offer so that most regulated brokers can now offer a maximum leverage of 1:30.
As an American broker which falls under the auspices of the NFA, GFF Brokers is allowed to offer a maximum leverage of 1:50, which is a reasonable level in the forex industry today.
GFF Brokers Accounts
| ?Feature | ? Forex Account | ? Futures Account |
| ? Minimum Deposit | $1 USD / R 16 ZAR | $1 USD / R 16 ZAR |
| ? Fees | No Deposit fees / No withdrawal fees | No Deposit fees / No withdrawal fees |
| ? Leverage | 1:500 | 1:500 |
| ? Open an Account | ? Click Here | ? Click Here |
The forex industry is arguably the largest financial market in the world today, and as such abounds with a wealth of different traders of all experience levels and trading styles.
In order to facilitate this varied base of client traders, most forex brokers provide a selection of different accounts which each cater to the specific needs of traders, and are often designed according to the experience level and investment styles.
Many of these accounts come with their own spreads and commissions also tailored to the requirements and the investment potential of specific traders.
GFF Brokers offer two types of account, namely a Forex Account and a Futures Account. The broker does not offer a demo account, as many other brokers in the industry do.
This is a pity, as a demo account allows prospective traders to conduct a test run of the broker’s features before signing up, allowing them to decide whether the broker is best suited to their trading needs before going ahead and depositing fees into a live account.
How to open a GFF Brokers account
1. Step 1 – Register an account
Navigate to the GFF Brokers website and select the “Open account” option.
2. Step 2 – Complete information
Complete all information requested and select continue.
3. Step 3 – Account verification
Account verification is sent to traders’ email accounts and once verified traders can navigate to the website and log into their accounts.
GFF Brokers Market instruments
GFF Brokers provides access to the futures and forex markets, offering over 30 currency pairs.
GFF Brokers Fees, Spreads & Commissions
Different forex brokers will offer different fee structures based on how they make a profit and on the type of traders which they target, or cater for.
Most forex brokers make a profit on the commission, or the spread, or both, and some offer more competitive structures, while others charge higher commissions in return for more lucrative trading options.
Traders will ultimately have to choose a broker whose fee structure best suits their trading style, the investment they have at their disposal, and their trading strategy.
GFF brokers offer fixed spreads, though the exact spreads are only available after signing up for a live account.
The broker charges variable commissions depending on the account type, for which prospective brokers must apply for a commission quote.
The broker also charges an inactivity fee for accounts that have been inactive for more than a year of $15 a month, which is not excessive.
GFF Brokers Deposit and withdrawal
Traders often examine a broker’s deposit and withdrawal options in order to determine how the associated rates charged by the broker might affect their profitability over the long term.
Traders also often seek out brokers who provide a wide range of deposit and withdrawal options in order to make for a more streamlined and cost-effective process.
With GFF Brokers, there is no minimum to open an account; you only need to deposit enough funds to cover the margins for the products and trades you plan to place.
Please be aware that while there is no minimum for some account types, there is a minimum initial deposit. Please consult with your broker prior to opening your account to determine if a minimum initial deposit applies for accounts opened.
The broker has specific deposit and withdrawal functions depending on the account you select, however it would appear that both deposits and withdrawals can be made through bank wire and credit or debit card only.
GFF Brokers Trading platforms
GFF Brokers offers a wide selection of cutting-edge electronic trading platforms to suit the trading style and needs of individual and professional futures, forex, and options traders.
From dynamic charts, routing tools, and API access, to a depth of markets, customizable interfaces, trading mobility, and real-time analytics, these proprietary platforms allow traders to remain competitive in the global markets.
Forex platforms offered by the broker include the following:
All of these platforms can be explored on a free trial directly from the broker’s website.
GFF Brokers Best Countries by Traders
| ? Country of Trade | ? % of Traders |
| ? Australia | 35.53% |
| ? Canada | 26.87% |
| ? Georgia | 19.02% |
| ? United States | 11.42% |
| ? Philippines | 3.02% |
| ? Others | 4.15% |
GFF Brokers vs Exness vs XM – a Comparison
| ? Broker | ? GFF Brokers | ? Exness | ? XM |
| Established | Established in 2016 | Established in 2008 | Established in 2009 |
| ? Min. Deposit | $1 USD / R 16 ZAR | $1 USD / R16 USD | $5 USD / R80 ZAR |
| ? Inactivity Fee | Yes | Yes | Yes |
| ☪️ Islamic Account | ? No | Yes | Yes |
| ? Demo Account | Yes | Yes | Yes |
GFF Brokers Customer Reviews
One of the best brokerages to be with for your trading business.
As a new client from Canada, onboarding was fast & pretty simple. Margin & commissions are good & competitive. Getting started & setting up my preferred platform(Ninjatrader) was a breeze. George & Frances are very helpful and provides all the information & continuous support as necessary. Overall a pleasant experience. Highly recommend them if you want to be in the Futures/Forex trading business.
Very helpful and willing to explain any…
Very helpful and willing to explain any question that I had.
Michelle is always very helpful and…
Michelle is always very helpful with any queries and provided me with exceptional customer service. For this reason, moving from AMP futures to GFF Brokers.
She is very calm and always ready with details on my queries.
GFF Brokers Pros and cons
| ✔️ Pros | ❌ Cons |
| `Excellent customer support | Limited tradable assets |
| Advanced trading platforms | No Forex demo account |
| Top-notch regulation | Fees, but not excessive |
| Reasonable leverage | Large number of commissions and fees |
| Wide range of investment instruments | PAMM service is not available |
| Low initial deposit | Broker does not work with binary options |
GFF Brokers Conclusion
GFF Brokers is a comprehensive forex broker which provides an advanced suite of trading platforms in competitive trading conditions.
The broker is well-regulated and offers a decent selection of research and educational tools, coupled with excellent customer support.
GFF Brokers Disclaimer
Risk Warning: The Company also offers CFD products which are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with GCI Trading.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Cryptocurrencies are complex, high-risk, and volatile and may result in the loss of all invested capital over a short period of time; they are not appropriate for all investors.
Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products.
CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit.
Traders need to evaluate their objective, level of risk exposure and willingness to be exposed to risks, according to research done in South Africa.
Frequently Asked Questions
Can South Africans open a GFF Brokers account?
Yes, South African citizens can open a GFF Brokers account.
What is the overall rating out of 10 for GFF Brokers?
GFF Brokers overall rating is 8/10.
Is GFF Brokers regulated?
Yes, GFF Brokers is regulated by the NFA
How many instruments can I trade with GFF Brokers?
You can trade up to 30 currency pairs on forex with GFF Brokers.
Does GFF Brokers charge withdrawal fees?
No, but charges from financial institutions may apply.
Featured SA Shares Writer and Forex Analyst.
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