With 35% of the world's private assets managed by financial institutions based in Switzerland, the country has a long established tradition as one of the world's largest financial centers. Customers are assured that GFX consistently meets the strictest standards of financial stability and proper handling of client funds. Furthermore, client funds are maintained segregated from GFX's own assets, thereby offering security of client funds.
GFX is supervised as a Financial Intermediary according to Swiss regulation with regards to prevention of money laundering, and is audited by KPMG.
Since the enforcement of the Federal law on prevention of money laundering of the 1st of April 1998 (LBA), Swiss regulatory authorities have considerably tightened financial controls of banks and financial intermediaries obliging the latter to be affiliated with and supervised by an accredited self-regulatory organization whose objective is to comply with the due diligence obligations with respect to the prevention of money laundering. Being affiliated with Polyreg (a self-regulated organization accredited by the Swiss Federal Dept of Finance), GFX is indirectly supervised by the Federal Department of Finance in Switzerland.
GFX's activities comply with Swiss regulation applicable to Financial Intermediaries active in the forex brokerage industry.
During the course of 2009 GFX plans on becoming a Swiss Bank, thereby offering its valued clients an even wider spectrum of financial products.
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