GForex.asia Review Is GemForex A Legit Or Scam Broker

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

GForex.asia Review: Is GemForex A Legit Or Scam Broker?

GemForex Review: this is the name of a Forex broker that is located in Asia, the page states that it is “made in Japan”. Is gforex.asia a legit broker or another scam?

The website publishes that as of when this review was compiled, the broker had 205,241 accounts opened with nearly 7 billion transactions. There is a demo account offered to test before opening a real account.

HAVE YOU BEEN SCAMMED? If you have lost your money to online scammers, there is an opportunity you could get back your money.

Click HERE to start the recovery process

It promises traders speed and a “free and unlimited use of Forex automatic trading software”. An English support service is also available showing that the broker plans to spread its reach far beyond Japan. Addresses found do not place it in Japan however:

Level 1, 275 Onehunga Mall, Onehunga, Auckland, New Zealand

Unit 901, Level 9, The Hong Kong Club Building, 3A Charter Road Central, Hong Kong.

Gem Forex claims to hold a license in New Zealand from the NZFSP and several trading awards. Trading products are fund to be impressive.

GemForex Trading Platform

It is mentioned that GemForex trading software is operated on a MetaTrader 4 platform available to all their clients.

Legit brokers are known to offer at least the popular MetaTrader 4 trading platform.

This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders includes: 30+ currency pairs, CFDs on precious metals, indices, stocks, and binary options.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Leverage offered by GemForex can reach a maximum of 1:1000 and the spread start from 1.5 pips and 0.0 pips from the two different accounts.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on GemForex

Payments can be made and withdrawal requests can be processed via: MasterCard, Visa, Bank Wire Transfer, Skrill, Neteller, PayPay, Bitcoin, and many more e-Wallets. We find this encouraging.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $1 is required to trade with this broker. We could not find much on withdrawal fees and charges.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is GemForex Licensed?

No. it claims that it is based in Japan but the Financial Services Agency in the country had issued a warning to traders about it. Instead, we found that it operates from Seychelles, an offshore location. These locations are known for harboring scam brokers and other fraudsters.

The page claims that GemForex has a license to operate from New Zealand. This is an unfounded claim and it is false. We find it difficult to trust this broker with too much of its information being lies.

Support

To contact the customer care representative of this broker, clients are to dial: +852 3125 7635

Conclusion

The broker is found to give too much misleading information. GemForex holds no license and we find it difficult to believe that the trading conditions are true. Traders are advised to consider other legit brokers instead.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

GForex.asia Review: Is GemForex A Legit Or Scam Broker?

Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503)

Reason: Access from your area has been temporarily limited for security reasons.

If you are a WordPress user with administrative privileges on this site please enter your email in the box below and click “Send”. You will then receive an email that helps you regain access.

Click here to learn more: Documentation

Generated by Wordfence at Wed, 8 Apr 2020 17:12:57 GMT.
Your computer’s time: .

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading Secrets
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: