A full and honest review of GMFX24 brokers
The first thing that you should know is that you should not confuse GMFX24 brokers with GMFX. This is two different brokers. And, GMFX24 isn’t recommended and reliable as GMFX. So, you should make sure that you don’t confuse these two with each other when you are looking for brokers. GMFX24 brokers are not recommended and there are many issues with them. When you first read about them, you might think that they are legit, but the more you know about them, the more you will realize that they are scams. This is all the information that we found on them.
GMFX24 brokers are forex as well as CFD brokers. They are situated in St Vincent and the Grenadines and claim to be registered. Their address is legit, and they have many different email accounts for support. However, there isn’t any valid telephone number that you can call. Making this dodgy. In fact, this is the first sign that they might not be as legit as what you might have thought.
They are an offshore company that means that your money might not be safe with them. Especially, if you don’t get all the right information about them.
Registered and regulated?
They aren’t regulated. And, they aren’t registered as well. This is really important to make sure that the company that you are going to use is regulated and registered. It is for your own protection. With GMFX24, you will see that they aren’t registered, not internationally, and they aren’t regulated.
Brokers that are regulated is making sure that they don’t do anything that might be illegal. They can be reported if regulators find anything illegal with the company. With GMFX24, you will see that they aren’t regulated, because they aren’t legit. There is no way that you can use them if they aren’t registered and regulated.
Account types and minimum deposits
They are offering four different accounts. Each account has its own benefits and conditions that you need to know. The First account is the Micro account, and this account has a minimum deposit of $100. This isn’t that much, but if you don’t know if you can trust them, then it might be $100 too much. The last account type is the VIP account, and there you need to have a minimum deposit of $100,000 before you can start trading. This is a lot of money to lose, and this is why you should make sure that you are going to use the best brokers you can find.
And, with no demo account, you will not be able to see if they are really legit, and trusted. The only thing that you can go on, is the information and the review we gave you. It is always better to use a demo account before you are able to deposit money. With GMFX24, there aren’t any demos and there isn’t a reason why you should risk your money.
Using MT4 platform
One of a few things that are great about GMFX24 is the platform that they are using. They are making use of MT4. One of the best platforms for trading. But, because there isn’t any demo account available, we couldn’t prove that they are using the legit MT4, and not the fake one.
People trust the MT4 Platform, but it remains important to make sure that they are using the true MT4, and not a cheaper version.
A few payment options
This is something that is concerning. They don’t offer a large variety of payment options to deposit your money into. And, this might be because they aren’t legit and doesn’t want to use e-wallet options that are giving a guarantee to users.
This is why you should look closely to the payment options of the broker that you are using. And, you should know why they don’t make use of the better and trusted e-wallets for trading.
No information about fees
This can be scary. There isn’t any information about fees that you need to pay in order to trade forex with them. You need to make sure that you know if the fees are reasonable or not. You can’t register and deposit money into an account that you don’t know what fees you are going to pay.
You should make sure about the fee information before you are depositing money into the account. They can’t change their fees without warning, but this does happen all the time.
There are regulators warnings out for GMFX24. Warnings that they aren’t legit and that they aren’t recommended as well. They aren’t legit, because they aren’t registered and doesn’t have any regulators that are protecting you against fraud. This is why regulators warnings are so important. Only those that have done research and made sure that you are going to get the best treatment, should consider the regulators warn.
GMFX24 is easily confused by another broker. And, this is really important why you should make sure that you are going to get all the necessary information. There are many things that you should know about a broker before you can use them safely. Research has shown that GMFX24 isn’t reliable or even legit.