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Gelios Trade (Gelios.com) is a Forex broker scam to hit the lucrative Forex trading world. GeliosTrade is claiming to offer investors a safe, simple, and innovative way to trade. According to GELIOS TRADE, they have over 1.5 million users who are trading with them. With these numbers, we simply had to investigate this so called innovative broker. Read this entire review and find out the truth behind Gelios Trade broker.
It should be noted that scammers all think alike and Gelios Trade is no different. What these scammers have done is create a website that’s easy to entice. Note that their website doesn’t have too much information on it. That’s what scammers are after, to grab the attention of newbie investors. Don’t be easily fooled by their homepage, there’s more than meets the eye with GeliosTrade. This review will reveal damning facts about Gelios Trade.
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Claims and promises are what scammers mainly use to entice users into signing up with their bogus platforms. What these scammers have done is praise themselves with numbers and fake facts. If indeed they had over 1.5 Million users, they would be known all over. When we asked around, expert traders knew nothing about Gelios Trade. Claims that they are considered a trusted broker are all lies. Read entire review to find out the whole truth.
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According to the disclaimer at the bottom of the homepage, Gelios Trade is owned by a Belize company. Gelios Trade Limited is the mother company of GeliosTrade brokerage firm. This company is registered in Belize which means that this is an offshore brokerage firm. Offshore brokerages are notoriously known for flaunting set industry regulations and rules. That’s one of the many red flags we spotted with Gelios Trade.
That’s not all, this broker fails to give any real names as to who actually owns the platform. There’s no mention of the CEO or CFO of Gelios Trade Limited. Founding members are not mentioned in any of the pages on their website. There’s something fishy going on with this broker. Anonymity is a dangerous character to have as a broker. They know that they are a scam and that’s why they don’t want any contact with people.
GeliosTrade is conducting Forex transactions illegally which is an offense. Anyone who signs up with GeliosTrade is an accomplice to fraud. There’s more to the extent in which these bogus broker has gone to make the platform appear legit. And it involves fraudulent certificates.
Once you click on the documentation page, you can see that they have posted a registration certificate. Problem with this certificate is that it has been forged. Use of forged documents is illegal and not condoned in the Forex world. How did they get over 1.5 million traders in just under two months? That’s not possible. Person who signed the document, Solaita Maharaj is not mentioned anywhere on the Belize Financial Board.
According to their platform page, this broker offers MT4 trading platform. In order to test their platform, we had to download it. They claim that their platform is reliable and has advanced charting capabilities. That’s not all, they also promise to offer in built technical indicators to anyone who uses their platform. And this is where our next big red flag lay in wait, their platform is bogus too.
Once we started downloading, download stalled at 28%. This is bad news for any trader who uses this platform. It means that their platform is highly unstable. An unstable platform is bad news for any trader. This means that hackers can easily gain access to their platform and steal personal data. Simply due to a platform that’s highly unstable.
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Another disturbing feature we noticed with GeliosTrade is their unresponsive live chat support. Once we started our live chat, it took hours to get a response. Problem with their chat tab is that users see a green light. This usually indicates that they agent is available and online. Sadly, after sending our first message, the chat agent did not respond.
It means that we are dealing with a broker who doesn’t want to make any contact. Folks, this is a classic scammer’s move straight from their scam book. These fraudsters don’t want to face any backlash from authorities and victims. That’s why they have a live chat support that never responds. Stay clear from GeliosTrade today.
To begin with, they fail to give us information regarding where they do their banking. Which bank do they use to deposit money sent by users? Did you know that its possible users are depositing money straight to the owner’s personal bank account?
Other disturbing details emerged in regards to security of funds that you should know about. This broker does not segregate accounts. This means that they are pooling funds in one account which is very dangerous. In case of bankruptcy or insolvency, members will lose money without any warning issued to them. Gelios Trade does not participate in a compensatory scheme.
Like we always state in our reviews, claims are what makes newbies easily believe what a website says. Claims that they have over 1, 693,886 partners and over 465 Corporate partners are pure lies.
Their training and partnership program are a means to get users to help them sign up more people. These affiliate programs are very risky since both you and the other person will lose money. These scammers want to sign up as many people as they possibly can before shutting down their shop.
Gelios Trade is a scam worth exposing and mentioning to all newbie Forex traders. From their level of anonymity to having forged documents, this is a fake broker. Make sure to mark their emails as Spam and never click on any links sent to you. Warn your friends and relatives from signing up with GeliosTrade.
Without a shadow of doubt, we are dealing with a fake broker. Only option we are left with is to add this broker to our scam blacklist. A peak into this website by authorities will shut their whole operation down. This will help keep newbie traders safe from falling into their sinister trap. GELIOSTRADE is nothing but a rotten Forex scam that is waiting to pounce on newbie traders.
Always sign up with Tested and Trusted Forex brokers at all times. Recognized and Reliable Forex brokers will always guarantee your safety when trading. Go for Forex brokers that have the Reputation to make realistic Profit margins. Sign up with Accountable and Transparent Forex brokers today.
Finally, always stay safe with any online investment opportunity, wish you all the best.
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Hi
Thanks for a great review !
If you have time can you make an review about
Billionaire Finance ?
It seems interesting but no reviews, only a few reviews in Vietnamese and Spanish.