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GFtrade

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://gftrades.com/

Website

Rating Index

Contact

https://gftrades.com/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
5-10 years
Company Name
GFtrade Inc
Email
helpdesk@gftrades.com
Company Website
Verified Site
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Official Website

Verified Site

  • gftrades.com
    45.77.44.203
    Server Location
    Singapore Singapore
    ICP Registration No.
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    Top Visitor Locations
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    Creation Date
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GFtrade

Related Companies

GFTRADE INC. LIMITED(United Kingdom)
United Kingdom
GFTRADE INC. LIMITED(United Kingdom)
Deregistered
United Kingdom
Registration No.10319849
Est. Date
SourceWebsite Announcement
Employees

Company Profile

Company Profile

Review summary

Basic Information & Regulation

GF Trade is an offshore forex and CFD broker and is not currently subject to any effective regulation.

Safety Analysis of GF Trade

GF Trade is currently an unregulated broker, which means that investors' trading activities and funds are not effectively protected on the GF Trade platform compared to those regulated by the FCA in the UK and ASIC in Australia. Therefore, investors should be careful to stay away from this GF Trade forex dealer.

Market Instruments

GF Trade offers traders access to popular currency pairs, 11 indices CFDs, oil, gas, gold, silver, and stocks.

Accounts & Leverage of GF Trade

GF Trade offers investors three different types of trading accounts: Mini (minimum deposit of $10), Standard (minimum deposit of $100), and Premium (minimum deposit of $500). The maximum trading leverage for all three types of accounts is 1:500.

Spreads & Commissions

Spreads on the GF Trade platform are floating, starting from 2 pips for Mini accounts, 1.6 pips for Standard accounts, and 0.9 pips for Premium accounts.

Trading Platforms Available of GF Trade

GF Trade offers traders the popular MT4 trading platform, which contains 50 built-in market indicators and the option to run automated trading with custom trading robots or EAs, as well as a user-friendly MT4 interface and excellent charting tools to help traders trade easily.

Deposit and Withdrawal

GF Trade supports traders to withdraw and deposit funds to their accounts via Visa, MasterCard, NETELLER, Skrill, FasaPay, WebMoney, China UnionPay, Alipay, Wire Transfer, etc.

Pros & Cons of GF Trade

The main advantages of GF Trade are:

1. A larger variety of trading assets

2. Three types of accounts to choose from

3. Low minimum deposit requirements for accounts

4. MT4 trading platform

5. Multiple deposits and withdrawal methods

The main disadvantages of GF Trade:

1. Not subject to any regulation

2. Unusual withdrawals conditions


Company Profile

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is GFtrade a legitimate trading platform?

GFtrade is an unregulated forex and CFD broker operating from Saint Vincent and the Grenadines, a jurisdiction that does not license or supervise forex brokers. Its business scope has been flagged as suspicious, and it holds no valid financial licenses. The firm's WikiFX score of 1.58 reflects a high-risk profile, indicating a severe lack of investor protections such as segregated funds or compensation schemes typically found with regulated entities.

04-02
United States

Is GFtrade regulated?

No, GFtrade is not regulated by any authoritative financial authority. It is registered in Saint Vincent and the Grenadines, which does not issue specific forex trading licenses or provide regulatory oversight for such activities. The firm operates entirely outside of mainstream financial supervision.

04-02
United States

What is the full company name of GFtrade?

The broker operates under the full company name GFtrade Inc.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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