Black Gate Broker Review: Blackgatebroker.com Another Dirty Scheme

Black Gate Broker is everything else but legit. The platform welcomes all investors to join them. It brags about executing trades at lightning speed. The entity provides insufficient data. They leave out essential information regarding their operation. 

The available assets include forex, shares, and cryptos. One of the reasons investors should allegedly choose the entity is because the account creation process is fast. However, this is not an advantage. The platform should instead feature unique features. For instance, they can offer tight spreads and affordable fees. 

Black Gate Broker is a scheme that is operating in an offshore scheme. They are enticing clients by accepting a minimum capital of $1. The information about the founder, parent company, account managers, financial analysts, and developers is missing. How will you know you are dealing with experts?

The majority of the anonymous schemes end up being fraudulent. The firms choose to operate in this manner to limit the chances of being caught. Investors looking for legit forex trading companies can check out these ventures. These are sound brokers with excellent performance. You can grow your portfolio as you gain trading skills. 

Blackgaebroker.com Review

The online market has many exciting opportunities. Rookie investors should be wary of vague schemes in the market. It is essential to double-check the information available on the broker’s website. See what other people have to say. Also, take your time and go through the terms and conditions. 

Black Gate Broker does not have a demo account. Therefore, clients can’t familiarize themselves with the trading activities. From the look of things, the platform is still under development. Essential data is missing. The con artists are in a rush to get away with naive traders’ cash. 

Refrain from signing with them. Fund safety should be your main priority. A secure venture is one that works with a reputable bank. The broker will segregate its account from its clients’ accounts. This way, they cannot misuse customer funds. 

Black Gate Broker is a poorly designed scam. Whoever is behind the company lacks a trading history. They were in a rush to set up a bogus platform. Ponzi schemes never die. If they exit the industry, they will be back using a new domain name. 

Black Gate broker Trading Conditions 

Black Gate Broker brags it is offering the MT5 trading software. Unfortunately, the link leading to the platform is broken. The company indicates it also has a web trader interface. However, even this link does not open. We can affirm the venture does not have a functioning trading platform. 

Therefore, if you join the money, know that your money is lying idly in the con artist’s pockets. The Ponzi scheme does not feature trading accounts or conditions. Traders have the right to know the leverage, swap, and spread available before signing up.  

The entity is offering bonuses to customers. The lucrative offers might seem profitable. Bonuses attract unfavorable terms. The scheme does not disclose these requirements. It is not by chance, and they are most likely going to reveal the information when you seek a withdrawal.

Withdrawal and Deposit 

The company is accepting a minimum amount of $500. Nonetheless, they indicate the figure is the operating balance. We are only assuming it is the amount to get started with. Black Gate Broker does not indicate the payment methods available for traders. 

Legal documentation indicates the minimum amount users can cash out is $20 for all other methods (we do not know which ones). On the bank transfer, traders can withdraw a minimum amount of $100. Customers who may wish to withdraw any amount below the above limits will pay $50 for wire transfers and $10 for other methods. 

Black Gate Broker terms are confusing and unfavorable. Legitimate companies have straightforward conditions. They will not try to hold you down from withdrawing. Walk away from this apparent scam. You shall be throwing your money in the air if you choose to stick with them.

Contact Details and Customer Support 

Black Gate Broker does not have an office address or other contact details. The platform is operating from Saint Vincent and Grenadine. The region is infamous, and various schemes exit the market unceremoniously. 

If you face a problem, how do you plan on resolving the issue? A company that does not care about its quality of support should never be your choice. The venture is determined to remain behind the shadow. 

Black Gate Broker will eventually collapse. Refrain from doing business with offshore schemes. They only care about their selfish gains. Once they realize there is no money coming their way, they close down their venture. Without verified contact details, it is impossible to catch the fraudsters. 

Black Gate broker Regulatory Status

Black Gate Broker has a license from SVG. A registration form does not mean much. The form does not make the broker legitimate. Anyone can acquire a registration certificate, the process is easy and cheap.

The company exposes investors to severe risks. There is no agency overseeing its trading activities. You may even lose more money than what you initially deposited. The scheme is not offering negative account balance protection. They also do not have trading software. Hence, do not be surprised when the Ponzi scheme comes up with fake prices. 

Black Gate Broker can also change the terms and conditions without giving notice. The only objective of the fraud is to steal from many people. They also do not have capital. Therefore, if the entity faces bankruptcy customers won’t receive compensation. 

Offshore ventures are dirty schemes that use ambiguous tricks to steal from traders. They will lure you into their website using adverts and rip you off. We cannot find any advantage of trading with the scheme. 

Are Funds Safe at Black Gate Broker?

Fund safety is a luxury not to expect from Black Gate Broker. Such an anonymous company has only one objective: to steal from customers. The venture may also not be capable of successfully running an investment firm. They have not deposited any capital. Therefore, we cannot prove the firm can survive volatility.

The broker has only been in the market for a few months. We don’t see them surviving past a year. The traffic that is visiting the website is also questionable. Moreover, the entity does not have trading results. They have nothing to offer and this is enough reason to avoid them.

Black Gate Broker is a company without feedback from its customers. Registering with them makes you their guinea pig. People will learn from your experience. This should not be the case. We recommend choosing a reputable entity that has existing customers.

Final Verdict 

Black Gate Broker is a company that is a blunt scam. The entity provides inadequate data on its operations. It also does not have a license. This is an offshore scheme that will exit the industry with traders’ money. They falsely claim to have a demo account. We are not aware of the trading account features. Their terms and conditions prove this is a greedy and exploitive scheme.

Instead of wasting your hard-earned money with a verified scam why not choose these leading forex trading companies. These are investment schemes popular in the industry. They have outstading trading conditions. The are also licensed by authority and if any problem occur their suport team will handle the issue professionally.

Are the trading conditions of Black Gate Broker favorable?

No, the scheme exposes traders to severe risks.

Does Black Gate Broker have a license?

Unfortunately, this is an illegal scheme

Can Investor earn the advertised returns?

The only thing you can get from Black Gate Broker is huge losses.