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Gistrades Review: A Dubious Investment Platform

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Gistrades Review: A Dubious Investment Platform

Gistrades is not your average trading platform; there’s something fishy going on with the numerous complaints. And this is what we will expose regarding the risks that come with Gistrades.com. The platform is deleting accounts with balances over $5,000. There’s no reason why a platform would delete its member credentials. The only thing we can think of is that the platform plans to wind up. Please find out more in our conclusive GISTRADES REVIEW.

A Short Analysis of Gistrades

Gistrades Review

Once you land on their about us page, you get a platform that claims to offer premium services. But, unfortunately, the website design is similar to those of offshore and unregulated platforms. And we are not wrong about it.

Gistrades is an offshore-based platform that targets American and European investors. With its alluring appeal, the majority of investors have fallen for it. But, unfortunately, the consequence of their action is losing funds without any reason.

Even the content found on the about us page is similar to other offshore platforms. So it seems the platform is taking a page from offshore websites. And this is a feature not many will find out while exploring the platform.

You need to use innovative investment strategies proven by experts. And this is where coin staking and Masternoding come into play. Go for industry-backed platforms with a proven track record and those that guarantee safety.

Gistrades.com will only try to take your funds from you. The platform is deceitful and even plans to create a crypto investment platform. No matter what the platform attempts to sell you, don’t buy. You will likely end up losing your entire funds.

When you finally decide to invest, you need to get reliable investment platforms. The next step should be doing due diligence. Try and find out the experiences of other investors before committing funds to an unknown platform.

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Accounts Gistrades

Gistrades offers investors four account packages with a different set of features. These accounts include Standard, Classic, Gold, and Platinum. Unfortunately, there’s no indication of available leverage or spreads on these accounts.

Here’s a closer look at the four accounts;

Standard

It’s the most basic account and best for novice traders. But, unfortunately, it doesn’t hold any trading advantage as the platform fails to offer many features. For example, the acceptable minimum deposit is $250, and you won’t get live chat support.

Classic

For the classic account, the platform promises access to all trading platforms. And this means members can trade on indexes. The acceptable minimum deposit set for this account is $2,500. Members also get online chat support with this package.

Gold

You have to deposit $20,000 to get started with this account. Members get the above features plus more information in Autochartist. You also get an individual direct telephone line with expert analysis.

Premium

As the name suggests, it’s the most exclusive account type of them all. The account comes with a VIP manager and special promotions. To use this account, members must deposit $50,000. You also get personal reports on the stock market.

Gistrades Accounts and Packages

These packages don’t offer actual advantages to traders. Even with support, the platform fails to mention the spreads and leverage. We even don’t know the available trading instruments.

Account and VIP Manager

For gold and premium accounts, holders get a VIP account manager. But, unfortunately, what looks like an intelligent feature to have becomes a nightmare. Instead of offering investment advice, the manager solicits funds from members.

You will start getting several calls asking you to deposit more funds. The manager will claim to have limited slots for a lucrative investment strategy. Those who make the mistake of adding more funds end up ruing the decision.

The account manager will disappear when the time comes to withdraw the profit. But, once you contact support, there’s an excuse they give to almost all members. The platform will insist the account manager is unavailable or has taken leave.

Assets and trading instruments

From the chart we see on the homepage, there are five classes of trading assets. These include commodities, crypto, forex, indices, and stocks. Commodities found on the platform include Brent oil, Gold, Natural gas, Palladium, and more.

There are nearly 20 crypto assets to choose from. These include Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, and more. All of the cryptos are paired against the US Dollar. With forex being the primary sales pitch, the platform only offers major pairs.

Investors fail to spread risks with exotic and minor pairs. It would be best if you also remembered the platform fails to list available spreads for their assets. Indices found on the platform include ASX 200, DAX. Dow Jones, Nikkei, and more.

The stock market offers investors a chance to trade with leading company shares. For example, you get to trade with the FAANG group stocks. Other notable company stocks include Adidas, Alibaba, Nike, NVidia, Tesla, and more.

Business owner

There’s a disclaimer at the footer of every page that throws off investors. According to records, the parent company resides in Hong Kong. Gistrades Biznesser Ltd is the entity that owns and runs the platform.

We didn’t find any registration records of the entity. We also don’t know the name of the CEO or CFO. The platform does an excellent job of hiding the identities of the people behind the platform.

Gistrades.com Fund safety

And this makes Gistrades an anonymous investment platform. Those who invest with the platform end up funding a private venture. There’s no way of pointing who receives funds or who is held responsible for them.

Contact and support

One of the must-have features in any investment platform is a convenient support system. Although the platform has a chat tab, no one comes to answer queries. The contact page lists a UK phone number that rarely goes through.

If you can’t call, there’s a message board available for anyone to use. The only problem is the platform will fail to respond to emails on time. Unfortunately, it’s a trend we see with almost every offshore and unregulated platform.

Funding Accounts

There are several methods for investors to deposit funds with Gistrades.com. These include AstroPay, Maestro, MasterCard, Neteller, and Visa.  Depositing is straightforward as the platform gives instructions on how to do it.

Once you deposit funds, the amount will reflect in your trading account. After that, you can start trading and hopefully make winning trades. And then comes the time to withdraw funds from the platform.

The withdrawal part is where members are having a hard time figuring it out. We know for a fact that Gistrades.com wants to block withdrawals. The platform is not an actual trading platform but a front to defraud investors.

Gistrades License and Registration

Gistrades is not a licensed or registered platform. It doesn’t have any valid documents to prove compliance. Even the Securities Financial Commission doesn’t have the company as a registered trading vendor.

And this makes it a high-risk investment platform. You won’t get a chance to trade fairly with such platforms. So it’s best to stay away from anonymous and unregulated platforms with no track record.

Safety of funds Gistrades

Is Gistrades Legit?

There’s no safety of funds from a platform that doesn’t offer investors real value. The platform is far from perfect and doesn’t even bother to safeguard client interest. In addition, there’s no insurance cover for deposits made.

We also suspect the platform is pooling funds to one bank account, which is highly risky.

Verdict

There’s no way we would recommend an anonymous and unregulated trading platform.

The best way to invest is by joining creative investment strategies that offer actual results. Try out leading investment options such as Coin Staking, DeFi, and Masternoding.

Feel free to leave a comment or write to us in case you have additional queries.

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