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GFX Securities Review: Gfxsecurities.com Forex Scam

GFX Securities Review: Gfxsecurities.com Forex Scam

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GFX Securities (Gfxsecurities.com) is another CFDs, Cryptocurrency, and Forex scam stealing from investors in the Arab region. With claims of being licensed, GFXSecurities is fooling investors into believing this is a legit platform. Members of this platform are angry with events as their accounts get blocked without reason. And this is where we draw the line and expose this platform. Read this genuine and honest GFX SECURITIES Review for more.

GFX Securities Review

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GFX Securities Review

After reading some scathing comments from members of this platform, we decided to investigate. Members are having a hard time trying to withdraw funds with GFX Securities. What seems to be a genuine looking site at first glance is another online trading platform. With claims of having over 700+ trading instruments, GFX Securities is fooling investors. We conducted a thorough investigation and the findings will shock you. Ensure you read this review and find out some of the red flags we spotted with G FX Securities.

Professional scam artists will clone websites and make it look like a real trading platform. And this is what GFX Securities is doing with a well-designed website. What they have done is use information from real platforms and posted on their website. Investors will easily believe the website as it genuinely looks like a real trading platform. Don’t be fooled, GFX Securities is another scary platform which is stealing from anyone who signs up. Stay away from this platform or else face the risk of being scammed.

About GFX Securities

GFX Securities is claiming to have their main offices in the United Arab Emirates. By using this statement, they make it appear that they are genuinely in this region. Scam artists will add a Google map to show users where the offices are located. The problem with this website is lack of any information regarding the history of the platform. A look at their about us page reveals nothing of the sort. Once you click on the about us page link, you are directed to the homepage link.

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Anonymity is another issue we have with this platform. No one knows the actual members of this platform. Can we get the names of the founding members of this platform on their website? Scam artists fear the repercussions of being exposed and never give out their actual names. Don’t you think it is weird no broker has come out and claimed association with this broker? These are mere scam artists who just want investors to open accounts and deposit funds to their personal accounts.

Is GFX Securities licensed or registered?

With claims of being licensed in the UAE, you would expect the platform to be recognized by regulatory authorities. The Central Bank of UAE does not have any platform or broker registered under this name. GFX Securities is not licensed to operate any Forex or trading activities in this region. The statement is proof GFX Securities is operating under a false pretense. Make sure to stay away from this platform or else risk becoming their victim. An unlicensed platform will never safeguard funds.

Why have they failed to post any details regarding their license or registration number on their website? You would expect a real trading platform to post details of their license for all to see. Posting registration details shows the willingness of the platform to show legitimacy. Some of these scam platforms will never be able to contact you again when you ask for license credentials. A good way to ensure a platform is dully licensed is to check with regulatory official bodies.

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Advantages of GFX Securities

We could not come up with any advantage of trading with a platform which is ripping of investors. GFXSecurities is anonymous and unlicensed making it a huge risk. When it comes to safety of funds, this is not guaranteed. Stay away from this platform or else risk becoming another victim. You will notice that the platform does not have any broker using actual names. Social media platforms don’t have any names of people who claim to own and run this platform.

Disadvantages of GFX Securities

Account types

GFX Securities INSTRUMENTS

GFX Securities is silent when it comes to the type of accounts they offer. A look at their dashboard reveals the platform has an account page. Users who sign up also don’t know the leverage and spreads available on this platform. And this is what makes trading with this platform a total waste of time.

Customer support

Another disturbing feature with GFXSecurities is lack of proper communication channels. You would expect the platform to offer live chat support to all their clients. What these scam artists don’t want is interaction with victims. And this is why they prefer using emails as this is a one way communication process. You will wait for weeks before getting a response from this platform. Calls made by their so-called brokers will mainly be asking users to deposit more funds.

Fake awards

A closer look at their website reveals some accolades and awards this platform claims to have won. Some of the awards listed include Best Forex execution 2017, Best Prime Broker Middle East 2017, and more. Awards given to brokers have their names engraved in the awards.

Trading platform

GFX Securities is claiming to use MT5 trading platform which is not the case. A closer look at their platform reveals the platform fails to have proper security features. Lack of proper DDoS and SSL protection is proof of their platform being unstable. Unstable platforms are an easy target for hackers looking to steal credit card information. Stay away from this platform or else lose your entire deposit.

Safety of funds with GFX Securities

As we have clearly pointed out, GFXSecurities is not securing funds as dictate by law. These are scam artists who simply want you to sign up and deposit funds with them. After you make the deposit, they will block your account and contact details. Another shocker is GFX Securities is pooling funds in one account. Members are depositing funds straight to owner’s personal bank account.

Scam or legit

GFX Securities Deposit and Withdrawal

We have compelling evidence supporting the fact that GFXSecurities is a scam. To stay safe, mark all their emails as spam and never click on any of their links. Warn your family and friends from joining any of their affiliate links. These are scam artists who will do or say anything to make you deposit funds with them. Never share your contact details with any of their so-called account managers.

Bottom line

We will be adding this platform to our scam blacklist and ensure no one falls for this trap.

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Wishing you a safe trading experience.

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