Gloffix Review – Is Gloffix a multi-asset broker?
| broker | Gloffix |
|---|---|
| Website URL | https://gloffix.com/ |
| Founded | 2020 |
| Headquarters | Apartment 61 Pelham House 65 Great Peter Street London, United Kingdom, P.O: SW1P 2BP |
| Support Number | +441 2838 96000 |
| Support Types | Email, Chat, Phone |
| languages | English, Arabic, Chinese, Espanol, Deutsch |
| Trading Platform | MetaTrader 4, Sirix |
| Minimum 1st Deposit | 250 |
| Minimum Account Size | 250 |
| Maximum Trade Amount | 50 |
| Bonus | Welcome Bonus, Refer a Friend Bonus, Risk-Free Trade, Account Manager’s Bonus, Rescue Bonus |
| Leverage Forex | Up to 1:1000 |
| Leverage Indices | Up to 1:50 |
| Leverage Commodities | Up to 1:66 |
| Leverage Shares | Up to 1:14 |
| Leverage Crypto | Up to 1:10 |
| Spread | Variable |
| Free Demo Account | Yes |
| Regulated | Not regulated |
| Account Types | Classic, Silver, Gold, VIP, Black |
| Deposit Methods | Credit/debit card, wire transfer, Skrill, Neteller, e-wallets |
| Withdrawal Methods | Credit/debit card, wire transfer, Skrill, Neteller, e-wallets |
| Types of Assets | Forex, indices, commodities, shares, cryptocurrencies |
| US Traders Allowed | No |
| Mobile Trading | Yes |
| Tablet Trading | Yes |
| Overall Score | 92 |
Introduction
A leader in the global Fintech revolution for more than 10 years, Gloffix is a real contender to be labeled as a multi-asset broker, given it currently offers a diversified pack of services. Owned by Advaniq LTD., an international online retail FX and CFD broker, the brand is headquartered in London, UK, serving customers from all around the world.
Trading CFDs with Gloffix means access to attractive trading costs, multiple account types options, reliable trading platforms, and professional customer services. At the same time, the company has an inclusive approach, given traders can sign up for an account with an initial deposit worth 250 USD/EUR. With all that being said, it is time to get into more details and ultimately conclude whether Gloffix really is a multi-asset brokerage.
Pros
- Gloffix currently runs multiple promotions and bonuses
- Plenty of educational resources available for beginners
- A broad range of CFDs, based on FX, stocks, commodities, indices, and cryptocurrencies.
Cons
- Gloffix does not cover ETFs and bonds
- Classic accounts can use a maximum of 1:100 leverage.
Products
The Gloffix multi-asset broker services integrate a wide range of tradable tools and we start by analyzing FX trading conditions. With over 50 currency pairs, tight spreads, high leverage, superior trading tools, and 24/5 customer support, the company wants customers to get involved in the largest financial market relying on competitive conditions.
Trading CFDs on stocks with Gloffix means access to cost-effective trading tools that allow retail traders to take advantage of price movements of some of the leading global stocks such as Alibaba, Amazon, Boeing, Chevron, Bank of America, or Barclays.
Increased volatility in commodity prices is pushing a growing number of traders towards this market. Thanks to instant access to global markets for commodities, low margin requirements, and fast execution, Gloffix customers can trade on popular CFDs based on cocoa, coffee, cotton, or sugar.
Also, contracts on spot indices as well as indices futures, are being covered by Gloffix, as the broker is fully aware there is a growing demand from traders wanting to get exposure to some of the most popular and liquid stock markets indices in the world. With up to 1:50 leverage, traders can buy or sell EU STOXX 50, DAX30, Nasdaq100, or the volatility index, all via a single trading account.
Last but not least, Gloffix is paying increased attention to its crypto CFD coverage. As compared to other brands, there are 12 different instruments currently part of the offer, allowing traders to take advantage of the volatility in Bitcoin, Bitcoin Cash, EOS, Ethereum, Litecoin, Monero, Ripple, and others.
Fees and Charges
Because Gloffix is a CFD brokerage, traders can benefit from various trading instruments using competitive costs. Spreads and overnight costs are what traders need to consider. At the same time, there are 0% trading commissions. Ultimately, it is important to consider any other charges that might not be related to trading, but with withdrawals or inactive accounts. More information on the topic can be found at gloffix.com.
Trading Platforms
When it comes to the trading platforms, there are two main solutions available, each with different versions, depending on the operating system or hardware. First, we need to talk about Sirix, a trading platform accumulating more than 1.5 million trades per month globally. Traders working with Gloffix can use it on any type of device and take advantage of 2,000+ instruments, technical analysis tools, and the Sirix Social Trading feature.
According to the company, Metatrader 4 is a flagship platform and thus, had been integrated into the offer. In this case, traders can take advantage of 1,700+ EAs, 2,100+ technical indicators, trading signals, and various other tools with proven efficiency. MT4 can be used on Windows, Android, or iOS, allowing more flexibility when managing a trading account.
Security and Reliability
To ensure a high level of security, Gloffix relies on some of the latest trading technologies. Both platforms currently available are widely used by retail CFD traders from all around the world, benefiting from positive feedback. At the same time, secure payments, and common-sense policies set out clear guidelines on how the broker conducts its operations.
A reliable broker needs to be transparent and so far, Gloffix has managed to comply with this requirement. The customer-oriented approach is another aspect inspiring trust among traders, as they can get in touch with a representative when needed.
Customer Support
The customer support service is available 24/5 and can be accessed via email or phone. The live chat feature available on the broker’s website is the fastest and most convenient solution, enabling people to get in touch with a representative within seconds. During the working days, solving any technical issues or getting more information about services can be done optimally, without experiencing long waiting times.
Deposits and Withdrawals
As previously mentioned, Gloffix is a very inclusive broker, allowing deposits as low as 250 units. When it comes to the payment methods used, the company accepts credit/debit cards, wire transfers, Skrill, Neteller, and other e-wallets. Depending on what option each trader will choose, there could be fees and charges associated. Especially when it comes to withdrawals, and users need to consider which is the most convenient choice based on this factor. Luckily, Gloffix shares all these details on its website.
Conclusion
Based on all the features analyzed in our current review, Gloffix is a promising multi-asset broker, unleashing a broad range of opportunities for retail traders wanting to take advantage of the markets via more than 2,000 CFDs. Trading conditions are diversified and tailored to meet different needs, as this is a global trading brand.
Headquartered in London and with vast experience in the industry, Gloffix is a broker to consider by any experienced or aspiring trader, looking after a reputable trading partner. By working with this brand, you can choose from a diversified selection of account types, depending on your personal finances and goals.