GFX Securities Review: 1:1000 Leverage on a Ten Dollar Account

GFX Securities is operated by Gilgamesh Financial Services, licensed as an Investment Dealer in Mauritius under GB21027073. It publishes a genuine raw-spread commission schedule, then offers leverage up to 1:1000 on forex from a $10 minimum deposit, and excludes only the United States, Cuba, Myanmar and North Korea. We score it 3.3 out of 10.

Quick facts

Why the score is where it is

1. 1:1000 leverage from a ten dollar deposit

GFX Securities advertises leverage from 1:100 to 1:1000 on forex, with 1:100 on indices, stocks and commodities and 1:5 on cryptocurrency. Its entry account, Raw Spread, opens from $10.

At 1:1000 a position is fully wiped out by a 0.1% move against it. EUR/USD covers that range many times in an ordinary session, and a single economic release can cover it in seconds. Retail clients in the UK, the EU and Australia are capped at 30:1 on major pairs because regulators examined the outcome data and concluded that higher ratios produce loss rates they could not defend.

We note that GFX applies sensible caps where the underlying is more volatile, 1:5 on crypto in particular, which shows the firm understands leverage risk perfectly well. The 1:1000 on forex is a choice, not an oversight.

Source: gfxsecurities.com account and trading condition pages, checked 2 September 2026. Comparison per FCA, ESMA and ASIC retail CFD leverage rules.

2. A Mauritius licence and an open door to Europe

GFX discloses Gilgamesh Financial Services, incorporated in Mauritius, licensed as an Investment Dealer under GB21027073, at 3rd Floor, Ebene Skies, Rue de l’Institut, Ebene.

The Mauritius FSC is a real government regulator with a public register, and the licence is our weakest tier: no investor compensation scheme, against 85,000 pounds per person per firm under the UK’s FSCS and 20,000 euros under the Cyprus fund; no ombudsman with jurisdiction to order a payout; no statutory retail leverage cap, which is what permits 1:1000; and no evidenced segregation or named custodian bank.

The exclusion list is the short one. GFX states it does not serve the United States, Cuba, Myanmar or North Korea. The European Union and the United Kingdom are absent. So a firm authorised in Mauritius, with no European permission, is willing to offer 1:1000 leverage to residents of jurisdictions that cap it at 30:1. Those clients have no local regulator with jurisdiction and no compensation scheme.

3. The pricing, in fairness, is the best on this list

We should say this plainly because it is unusual among the brokers we have reviewed. GFX publishes an actual, complete cost structure:

• Raw Spread, from $10, 0.0 pip spreads, $6 per lot commission
• Zero, from $5,000, 0.0 pip spreads, $4 per lot
• Pro, from $20,000, 0.0 pip spreads, $2.50 per lot

That is a genuine raw-spread model with the commission stated to the cent, disclosed before you open an account. Most of the brokers on this site publish no cost information at all, and several publish spread “discounts” against a figure they never state. The cost pillar reflects this honestly, and it is why GFX scores higher than most of its peers here.

It also runs MetaTrader 5 alongside a proprietary app, which is a real third-party platform rather than a closed web terminal.

4. There is almost no track record

GFX Securities has 11 Trustpilot reviews at 4.1 out of 5, with the platform noting that the company has not invited customers recently, so the reviews may not be representative. The rating is not suspended. We found no regulator warning naming GFX.

Eleven reviews is not a record. It is too small a sample to support any conclusion in either direction, and we score the complaints pillar neutrally on that basis rather than treating a 4.1 as evidence of good conduct or the thin volume as evidence of anything else. Nothing in this review says GFX Securities has mistreated anyone.

What the score actually reflects

It is worth being explicit, because this review reads differently from most on the site. GFX has no regulator warning, no suspended review score, no fake reviews removed and no complaint pattern. It discloses its entity, licence and address, and publishes better pricing than almost anyone here.

The score is driven by structure and by product design: a tier-3 licence with no compensation scheme, no evidenced segregation, and 1:1000 leverage offered to retail clients including in jurisdictions where it is prohibited. If that leverage cap changed, or a compensation arrangement were evidenced, the score would move, and it would move in public with a dated changelog entry.

Questions traders ask

Sources

• gfxsecurities.com corporate disclosure and account pages: Gilgamesh Financial Services, Mauritius Investment Dealer licence GB21027073, Ebene Skies address, three account tiers with deposits, spreads and per-lot commission, leverage by asset class, platforms and excluded jurisdictions. Checked 2 September 2026.
• Trustpilot profile for gfxsecurities.com: 11 reviews at 4.1, rating not suspended, company flagged as not having invited customers recently. Checked 2 September 2026.
• FSCS and Cyprus ICF compensation limits and FCA, ESMA and ASIC retail CFD leverage rules, used for the tier and leverage comparison.

Answered in detail

Safer alternatives

Rated Trusted or Neutral against the same six pillars. These link to our own reviews, not to the brokers, and no broker can pay to appear here.

Verdict changelog