All Share (J203) = 89 898
Rand / Dollar = 18.24
Rand / Pound = 23.62
Rand / Euro = 19.69
Gold (usd/oz) = 3 056.33
Platinum (usd/oz) = 986.40
Brent (usd/barrel) = 73.97
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

GFF Brokers Review

 

GFF Brokers Review ZAR
 

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 NameGFF Brokers
🏛️ HeadquartersGlendale, California
📅 Year Founded2016
⚖️ Regulating AuthoritiesNFA
🌐 Countries not accepted for tradeAll countries accepted
📌 Accounts Forex Account
Futures Account
☪️ Islamic account (swap-free)No
📒 Demo AccountNo
✴️ Institutional AccountsNo
👨🏼‍💼 Managed AccountsNo
⬆️ Maximum Leverage1:500
👉 Sign Up Bonus None
💰 Minimum DepositNone
💳Fees No Deposit or withdrawal fees
💳 Deposit OptionsBank Wire

Credit/Debit Card
💳 Withdrawal OptionsBank Wire

Credit/Debit Card
📊 Platform TypesForex Trader

GZT

OEX Trader

MetaTrader 4
📶 OS CompatibilityMac, Microsoft Windows, Mobile, Web, iPhone
📈 Tradable assets offeredForex, Futures
💬 Languages supported on WebsiteEnglish
💬 Customer Support LanguagesEnglish
⏲️ Customer Service Hours24/5
🔎 Open an Account👉 Click Here

 

Min Deposit

USD 1

Regulators

NFA

Trading Platform

MT4, Forex Trader, GZT, OEX Trader

Crypto

No

Total Pairs

30

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

📍 Choose your quick section of our GFF Brokers below.

 

GFF Brokers review – 19 key point quick overview:

 

  1. ✔️GFF Brokers At a Glance
  2. ✔️GFF Brokers Overview
  3. ✔️GFF Brokers Safety and Security
  4. GFF Brokers Sign-Up Bonus
  5. GFF Brokers Minimum Deposit
  6. GFF Brokers Demo Account
  7. GFF Brokers Leverage
  8. GFF Brokers Accounts
  9. GFF Brokers Market instruments
  10. GFF Brokers Fees, Spreads & Commissions
  11. GFF Brokers Deposit and withdrawal
  12. GFF Brokers Trading platforms
  13. GFF Brokers Best Countries by Traders
  14. GFF Brokers vs Exness vs XM – a Comparison
  15. GFF Brokers Customer Reviews
  16. GFF Brokers Pros and cons
  17. GFF Brokers Conclusion
  18. GFF Brokers Disclaimer
  19. Frequently Asked Questions

 

GFF Brokers Overview

 

GFF Brokers Review

 

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

 

GFF Brokers Safe and Secure

 

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 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 feesNone
📊 Maximum leverage1:500
🔥 Bonusnone
☎️ Customer support24/7

 

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 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

 

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
💵 FeesNo Deposit fees / No withdrawal feesNo Deposit fees / No withdrawal fees
💳 Leverage1:5001:500
👉 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.

 

GFF Brokers Open an account

 

2.  Step 2 – Complete information

 

Complete all information requested and select continue.

 

GFF Brokers complete information

 

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 Log into account

 

Min Deposit

USD 1

Regulators

NFA

Trading Platform

MT4, Forex Trader, GZT, OEX Trader

Crypto

No

Total Pairs

30

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

GFF Brokers Market instruments

 

GFF Brokers Trading Instruments

 

GFF Brokers provides access to the futures and forex markets, offering over 30 currency pairs.

 

GFF Brokers Fees, Spreads & Commissions

 

GFF Brokers Fees

 

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

 

GFF Broker 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.

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

GFF Brokers Trading platforms

 

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
🥇 Australia35.53%
🥇 Canada26.87%
🥇 Georgia19.02%
🥇 United States11.42%
🥇 Philippines3.02%
🥇 Others4.15%

 

GFF Brokers Geographical details

 

GFF Brokers vs Exness vs XM – a Comparison

 

🔎 Broker🥇 GFF Brokers🥈 Exness🥉 XM
EstablishedEstablished in 2016Established in 2008Established in 2009
💵 Min. Deposit$1 USD / R 16 ZAR$1 USD / R16 USD$5 USD / R80 ZAR
💳 Inactivity FeeYesYesYes
☪️ Islamic Account 📌 NoYesYes
🎉 Demo AccountYesYesYes

 

GFF Brokers Customer Reviews

 

GFF Brokers Trustpilot

 

 

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.

 

GFF Brokers Trust pilot stars

 

Very helpful and willing to explain any…
Very helpful and willing to explain any question that I had.

GFF Brokers Trust pilot stars

 

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 Trust pilot stars

 

GFF Brokers Pros and cons

 

✔️ Pros❌ Cons
`Excellent customer supportLimited tradable assets
Advanced trading platformsNo Forex demo account
Top-notch regulation Fees, but not excessive
Reasonable leverageLarge number of commissions and fees
Wide range of investment instrumentsPAMM service is not available
Low initial depositBroker 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.

 

Min Deposit

USD 1

Regulators

NFA

Trading Platform

MT4, Forex Trader, GZT, OEX Trader

Crypto

No

Total Pairs

30

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

 

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.

 

 

4.6/5 - (13 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

January 20, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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