GLFM Group Ltd has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 91 11 3044 6422, fax 91 11 3044 6500
Addresses: 4th Floor Statesman House Barakhamba Road Connaught Place New Delhi 110001 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.glfmgroup.com.
Do not believe the bonus offer from GLFM Group Ltd. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a review site like this one and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Comprehensive tools|Segregated accounts|Multi-currency support
Cons: None so far
I signed up with GLFM Group Ltd after comparing multiple platforms and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Regular updates|Risk management tools|Educational resources
Cons: No live chat on mobile
Do not use GLFM Group Ltd for anything serious. I used them for about three months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: No hidden fees|High security standards|Responsive team
Cons: Nothing significant|No live chat on mobile
I trusted GLFM Group Ltd with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Clean UI|Responsive team
Cons: Some tools only available on higher tiers
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. GLFM Group Ltd said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Multi-currency support|Dedicated account manager
Cons: Alert system is basic
The mobile app from GLFM Group Ltd is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: High security standards|Tax reports included|Economic calendar|Demo account available
Cons: Research section could be deeper
I lost a significant amount because GLFM Group Ltd did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Portfolio tracking tools|No hidden fees
Cons: Nothing significant
I referred a friend to GLFM Group Ltd after comparing multiple platforms. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Educational resources|Tax reports included|Social trading features|Segregated accounts
Cons: Mobile app could be improved|No live chat on mobile
Do not be fooled by the professional-looking website. Behind the scenes, GLFM Group Ltd is disorganized and incompetent. I found them after hearing about them at a conference and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: API access|Easy to use platform
Cons: No dark mode on mobile