General Information & Regulation
Gold Financial Global Co.,Ltd. (known as “GFG88”), is the first forex company in Cambodia. At GFG88, advanced trading tools, 24-hour customer support, and a secure online trading experience are all part of their commitment to offer more to the individual trader. Their service also offers professional charting, expert market research, and a wealth of education and training. GFG88 is holding a general financial license from SECC of Combodia.
Market Instruments
Tradeable Instruments available at GFG88 includes, Forex, Spot metals; Trading spot metals with GFG88.com allows you to speculate on the price movements of gold (XAU/USD) or silver (XAG/USD) relative to the US dollar.
Our spot metals markets are quoted and traded in a very similar way to currency pairs. Trading is available 24 hours a day from Sunday 11pm GMT through to 10pm Friday GMT.
The 'spot' price refers to the price quoted for the metal to be paid for (including delivery) two days following the date of the transaction (the settlement date).
Spot gold and silver trades globally over the counter with the main centres for trading in London, New York, and Zurich. Liquidity in the spot metals market is typically highest when European market hours overlap with trading in New York, and the market can experience periods of illiquidity around the close of the US market. And also Crude oil.
Oil contracts at GFG88.com trade like currency pairs, though with different margin and leverage. One oil contract represents 1000 barrels (bbls) of oil, priced in US dollars.
Oil contracts are 'Contracts for Difference' (CFDs), which are over-the-counter trading instruments with an expiry date that are cash settled.
Types of oil
GFG88.com offers clients 2 oil contracts – Brent Crude (BCO/USD) and West Texas Intermediate (WTI). Crude oils are classified as either Light or Heavy depending on their API gravity, and as either Sweet or Sour, depending on their sulphur content. Brent Crude is a “light, sweet” blend, gathered from several oil fields in the North Sea, which is where the name 'Brent' comes from. It is typically priced higher than the OPEC composite price. West Texas Intermediate (WTI) is a “lighter, sweeter” blend, and is typically priced higher than Brent. (Source: The Energy Information Administration)
Accounts & Leverage
GFG88 offers a single Trading account with Demo account also and leverage of about 100:1.
Trading with leverage 100:1, means you aren't required to put up the full value of the open position, you just need to deposit around 1% as margin.
1 Standard contract ( 1 lot ) needs $1000 margin.
0.1 Standard contract ( 0.1 lot ) needs $100 margin.
0.01 standard contract ( 0.01 lot ) needs $10 margin
Trading Platform Available
GFG88 uses it's own MegaWeb platform that developed by GFG88, has made it easy for your forex trading. The benefits of our system include:
1. Stable and Simple.
2. Advanced Order Managerment.
3. Excellent View of Sight.
4. Auto Execution Function.
5. Customize Personal Interface.
6. Advanced Chart Analysis
Deposit & Withdrawal
The Broker doesn't give details information as to know which payments method it acceptable for traders to deposit and Withdraw funds, but it is essential for any user to confirm the Means of deposit and Withdrawal before trading. Although the most popular means includes: MasterCard, Bank transfer, Skrill, Neteller and others.
Customer Support
Theircustomer service team is available at 08:00am to 10:00pm from Monday to Friday, users should feel free to call them or visit their trading center whenever you have any question.
Phone: +855 23 999 889
Fax: +855 23 999 388
Email: cs@gfg88.com
Address: No.31, Street.217, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, Cambodia
