GLFX claims to be registered in the United Kingdom. However, upon checking the Financial Conduct Authority (FCA) register, we found no evidence that the company is authorized to conduct forex trading or any other regulated financial activities. GLFX also states it has an office in Dubai, United Arab Emirates. Despite this claim, we conducted thorough checks with both the UAE Securities and Commodities Authority (SCA) and the Dubai Financial Services Authority (DFSA). Unfortunately, no regulatory record of GLFX was found with either authority. This further strengthens our concern that the entity is operating without proper supervision in its jurisdiction as well. The complete lack of verifiable regulatory oversight from any reputable financial authority strongly suggests that GLFX is conducting financial services illegally. Therefore, GLFX appears to be a scam.