Beware! GFund Assets is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Despite a website that looks ok, GFund Assets turned out to be very shady very quickly, and it was not even able to start budling a momentum before we busted it to the core. This broker is a risk to all, as the following review will reveal.
As far as we could tell, GFund Assets was completely anonymous. We went through the website multiple times to double and triple check, and each time we were met with the same empty realization. There was no information in the legal documents, which is which we knew for a fact that GFund Assets was utterly and unapologetically anonymous, and it seems to not hide this fact at all.
In fact, GFund Assets makes is easier for us, because we have an unofficial, but very applicable rule that all anonymous brokers are automatically unregulated. And it appears that this applies to GFund Assets as well.
So, GFund Assets is without a license and a risk to all. Do not invest here!
| Guaranteed Funds | Segregated Accounts | Negative balance protection | |
| GFund Assets | ❌ | ❌ | ❌ |
| UK regulated brokers | £85 000 | Yes | Yes |
| EU regulated brokers | €20 000 | Yes | Yes |
| AU regulated brokers | No | Yes | Yes |
| US regulted brokers | Yes | Yes | No |
GFUND ASSETS Trading software
| Analytical tools | Auto trading | Custom indicators | Mobile apps | |
| GFund Assets Web Trader | ❌ | ❌ | ❌ | ❌ |
| MT4 | 30+ indicators | ✅ | ✅ | Android |
| MT5 | 50+ indicators | ✅ | ✅ | Android |
| cTrader | 40+ indicators | ✅ | ✅ | Android and iOS |
Once we registered, we came across the following web trader:
Apart from some chart indicators options, and very small tweaks, this web trader is not useful, even less so when remembering that GFund Assets is unlicensed. There are much better platform out there, with tons of other features.
GFUND ASSETS Trading instruments
| Currency | Stocks | Indices | Crypto | Commodities | |
| GFund Assets | ✅ | ✅ | ✅ | ✅ | ✅ |
| XM | Yes | Yes | Yes | Yes | Yes |
| FBS | Yes | Yes | Yes | Yes | Yes |
| FXTM | Yes | Yes | Yes | Yes | Yes |
The available assets to trade with, according to the trading software, are forex currency pairs, cryptocurrencies, NFTs, commodities, indices, and shares. A decent bunch, but not worth your money considering the broker’s lack of a license.
GFUND ASSETS Spreads and cost of trading
| GFund Assets | XM | FBS | FXTM | |
| Spread EURUSD | 1.2 | 1.7 | 1 | 1.1 |
| Spread GBPUSD | 1.3 | 1.3 | 1.2 | 1.4 |
| Spread USDJPY | 1.4 | 1.3 | 1.2 | 1.4 |
The following cost of trade values were taken directly form the web trader, so you know that they are relevant, unlike what the website might say. We have a 1.2 pip spread for the EUR/USD pairs, while the GBP/USD spread is around 1.3 pips as it was very volatile, and the 1.4 USD/JPY spread is quite decent.
GFUND ASSETS Maximum leverage
| Forex | Stocks | Crypto | Gold | Indices | |
| GFund Assets | 1:100 | 1:20 | 1:20 | 100:1 | 100:1 |
| UK regulated brokers | 30:1 | 5:1 | ❌ | 10:1 | 10:1 |
| EU regulated brokers | 30:1 | 5:1 | 2:1 | 10:1 | 10:1 |
| AU regulated brokers | 30:1 | 5:1 | 2:1 | 10:1 | 10:1 |
| US regulated brokers | 50:1 | ❌ | ❌ | ❌ | ❌ |
Here are the leverage: 1:100 for FX pairs, 1:20 for stocks, and 1:2o for crypto. For some of you, the crypto leverage might seem a bit too high, but that is because it really is. Crypto leverages are 1:2 most of the times and rarely go over that. As for the rest, the leverage values are ok.
GFUND ASSETS Deposit and withdrawal methods
| Deposit time | Withdrawal time | Fee | |
| Credit card | Instant | Within 30 Days | Free |
| Debit Card | Instant | Within 30 Days | Free |
| Crypto | 24 hours | Within 30 Days | Depends on crypto |
The main deposit methods are credit and debit cards. However, there is also some shady crypto wallet option where the only option is to copy the address. What the user does with the address to the client.
As for the withdrawal area, it says nothing of importance, and was basically useless without first investing.
The legal docs state that a withdrawal request is processed “within the first 30 days of an account being opened”, which is noe the first time we come across this exact same statement. It’s basically a way to stall your request, so that the firm has time to slip away with your money, or come up with some excuse not to let you withdrawal.
GFUND ASSETS Minimum deposit
| GFund Assets | XM | FBS | FXTM | |
| Minimum deposit | $1 | $5 | $10 | $5 |
In the user area, we could continue with just $1, while with the crypto wallets its as much as you want, but bear in mind that investing in a crypto wallet in untraceable and a sure way to lose all money.
While the site claims the minimum deposit to be $25 000, which is ridiculous by itself, in the client area we have proof of the $1 real minimum deposit.
GFUND ASSETS Withdrawal requirements
| Trading volume | Fee/Tax on withdrawal | Minimum withdrawal | |
| GFund Assets | Not specified | Not specified | $50 |
| UK regulated brokers | No | No | No |
| EU regulated brokers | No | No | No |
| AU regulated brokers | No | No | No |
| US regulated brokers | No | No | No |
We learn from the legal docs that the minimum amount to withdraw is $50 through credit cards. We are also told that there were no fees for credit card withdrawals, and this is explicit. But considering the broker is a scam, we cannot really trust it with such statements.
Moreover, we learn about a certain “tax source” fee in the legal documents, that is sure to pop up the next time you withdrawal. Scammer are always making up new ways, or recycling old tricks, to steal more money from you.
