GU Arex is an anonymous broker as they don’t give any information about their whereabouts. The platform has also laid claim of having full license from leading regulators. After confirming with regulators, we know for certain that GUArex is a scam. Those who were thinking of signing up should read this entire post to find out more. We have concrete evidence as to why this platform is a scam. Read our entire GU AREX Review for more as we expose their dirty tricks.
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On their about us page, the broker claims to have a user base of more than 200,000 traders. If it’s true, there should be chatter surrounding the broker’s success. There’s no social media page or post with this broker’s profile.
And this is one of the many red flags we spotted with the platform. From what we have gathered, the broker wants to remain as anonymous as possible. Investors should stay away from guarex.com.
GU Arex is using false information to mislead investors regarding their license status. The broker uses regulatory bodies in Europe and Africa as their compliant bodies. We did a thorough check with regulators and found no such broker in their database.
GUArex fails to post copies of their license certificates from any of the regulators. We also notice that the disclaimer at the footer of their homepage has a license number. The license number: 404/5 is nothing but a random number meant to mislead investors.
One way to prove it is to confirm with the regulator in Cyprus. CySEC does not have a broker licensed under this name. The regulator states that they will soon issue a warning once they finish up with their investigations. The broker is fraudulently scamming anyone who signs up with the platform.
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There are six assets to trade with when you sign-up with the broker. These trading instruments include commodities, currencies, crypto, indices, metals, and stocks. The broker promises personal account managers who end up being call agents.
Members also get the option of adjusting their leverage with each trade. All these are features that are meant to drive up investor signups.
Another missing feature from the website is who runs the platform. You would expect a platform that boasts of having 8,000 new members to have a known manager. There’s no information on where this platform resides or the names of staff members.
That leads us to believe that this is another anonymous trading platform. Anonymity is a risky feature in any online investment platform. Avoid any investor who hides their true identity from members.
With over 200,000 traders, you would expect to get at least one positive review. There’s no positive review regarding this platform. It points to a broker who is falsifying membership numbers to appear legit.
These are some of the scam tactics offshore brokers use to penetrate American and European markets. With our years of trading experience, we know how to spot and expose these traps.
As we were publishing this post, the platform was active for 1,303 days. The exact date the website went live was on September 13, 2017. What made us realize that this was a short-term website was the number of IP changes.
The website has an online presence footprint that dates back 15 years ago. These scam artists have been creating and dismantling the same website over and over. The name of the registrant has been redacted for obvious reasons.
GU Arex is, without a doubt, an unregistered online trading platform. The broker is putting funds at risk as members don’t enjoy protection from regulators. Claims of being licensed by CySEC, FSA, FSC, and other regulators are false. Even though they claim to have a license number, there’s no document to prove it. A copy of their license would help members validate the license details.
Brokers who fail to comply with trading regulations often have something up their sleeve. In most cases, the broker wants to protect themselves from all liability. Members who deposit funds to this platform also face serious financial risks.
There’s no guaranteeing that once you deposit, you will enjoy any trading. That’s the repercussions of having an unregulated broker. Members are at the mercy of these brokers who happen to be anonymous.
GU Arex offers three account types. These accounts include Start, Plus, and Investor. One problem with their standard account is the minimum deposit. Starter account holders must deposit $1,000 to start trading with this platform.
That’s four times the industry set deposit minimum of $250. It’s a clear violation of trading regulations that the broker violates with impunity.
The broker fails to mention the available deposit and withdrawal options. You might shrug it off, but they do for with reason. The broker will contact you and ask for your banking details. In the meantime, they will create their own account where you can transfer funds.
Once you do so, the amount will reflect in your account. Withdrawing funds with GUArex remains the biggest problem facing investors. No one has made any withdrawals the entire 1,000 days the site has been active.
If you expect to get quick support with an anonymous website, think again. The platform doesn’t offer live chat support. Their contact page has an email and a phone number from Belize country code.
These are brokers who will use every trick in the book, including virtual phone numbers. The best option is to stay away and avoid any interaction with their staff members. These staff members will only ask for funds and offer no trading advice.
We are not sure of the available trading platform the broker uses for trading. By the look of things, the broker uses a custom-built trading platform. It’s recommended that traders use MT4, MT5, and SIRIX trading platforms.
These platforms offer advanced tools and an intuitive way of trading. We are sure that even when you use these platforms, the broker won’t release its profits.
There’s no safety of funds, considering that this is an anonymous and offshore broker. The broker immediately transfers funds to their persona account with each deposit. Segregation of accounts is not taking place, making this a chaotic trading platform.
Please stay away from it or else risk becoming one of their next victims.
GU Arex is a scam trading platform that won’t stop unless authorities act. We hope that European regulators will come to the aid of victims and shut down the website. It’s the only way to protect newbie traders from such platforms.
We recommend that you stay away from the platform.
A smart investor will choose wisely and follow successful traders who use tested brokers. It’s the safest way to trade as your funds enjoy security from investors.
Our team wishes all investors a happy and profitable trading experience.
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