GF Markets Review – Who Is Gfmarketsllc.com And Why To Avoid It?
GF Markets Review – Who Is Gfmarketsllc.com And Why To Avoid It?

GF Markets is a typical offshore scam based in Saint Vincent and the Grenadines. We’ve had a chance to review numerous brokers from this country, and most of the time, they were fraudulent. Whether or not GF Markets is the same? Find out in this review.

Broker status: Offshore Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: gfmarketsllc.com
Blacklisted as a Scam by: N/A
Owned by: GF Markets LLC
Headquarters Country: Saint Vincent and the Grenadines
Foundation year: 2019
Supported Platforms: MT5
Minimum Deposit: $250
Cryptocurrencies: Available
Types of Assets: Forex, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:200
Free Demo Account: No
Accepts US clients: No

Is GF Markets a Secure And Regulated Platform?

GF Markets belongs to GF Markets LLC, registered in Saint Vincent and the Grenadines. This offshore island has no financial regulator, which is why it has become a hub for illicit investment firms. The Financial Services Authority has indicated that all brokers should opt for a license in the country of service. Therefore, GF Markets should be regulated by the FCA, ASIC, BaFin, or any other Tier1 regulator. Of course, the firm hasn’t followed the indication and has never opted for a license.

How Unsafe Is An Unlicensed Broker?

Unlicensed brokers are not safe. You have no money-back guarantee without a valid regulation, and a compensation fund ensured with Tier1 regulated firms. All you can do is wait for the broker to return your funds voluntarily, which has never happened. Therefore, you have all the reasons to avoid the broker and similar bogus firms.

Furthermore, we strongly urge you to stay away from 4xhubGlobal Profit, and XE Prime fake brokers.

Traders’ Experiences With GF Markets

GF Markets is not a legal broker, as reviews point out. The majority of investors have had issues with withdrawals and are seeking a way to get their money back. In fact, this firm’s employees went so far as to steal clients’ money directly from their bank using AnyDesk and TeamViewer.

If you have been scammed by GF Markets, report it right away.

Is GF Markets a Legitimate Broker Or A Fraud?

GF Markets is a scam broker. The company is registered in Saint Vincent and the Grenadines and has no license. The consumer index is 1, indicating that this Forex and CFD trading provider cannot be trusted.

GF Markets Offers Trading on MetaTrader 5 – Platform Features

GF Markets Trading Software

MetaTrader5 is a successor to MT4 and the most advanced trading platform. There are many trading indicators and charts, and the platform enables different unique features, such as social trading and automated trading. Yet, you’re still at risk when an illicit firm provides good software. GF Markets decides on its own trading conditions without regulatory oversight. 

Mobile Trading – MT5 for Android and iOS

All MT5 comes with a dedicated mobile app for Android and iOS. Regardless of the platform, this firm is still shady. Once again, we urge you to think before investing.

All About GF Markets Accounts

GF Markets Accounts Type

Customers can choose between:

  • Standard Trading Account – $250
  • Gold – $10,000
  • Platinum – $50,000
  • VIP – $100,000

The only difference listed on the website is the spread, lower with each upgrade.

Demo Account

The broker doesn’t have a Demo account. Customers will have to test the system with their own funds, which is never recommended.

GF Markets Broker – Countries Of Service

The broker is mainly active in:

  • France
  • Italy
  • Cyprus

Since all these are EU countries, the firm needs an EU passport to operate. Yet, as proven, the broker is entirely unregulated.

GF Markets Range of Trading Instruments & Markets

The firm enables trading in all 5 major markets, including:

  • Currency pairs – EUR/USD, GBP/USD
  • Commodities – gold, oil, natural gas
  • Indices – NASDAQ, Dow Jones
  • Shares – Amazon, Apple, Google
  • Cryptocurrencies – BTC, LTC, ETH

Also, remember the names of the trading frauds SwissFXMGulfBullsand Strategic FX trading scams and avoid them at all costs! Furthermore, before investing, always check the background of internet trading organizations!

GF Markets Trading Conditions

All unregulated brokers decide on their own trading conditions, and that’s quite dangerous.

About Leverage And Spreads

The trading company has leverage fixed at 1:200 for all account types. EU and UK regulators allow 1:30, while in the US and Australia, the limit is 1:50. Thus, your funds are at risk with GF Markets. The spread is quite solid, but the broker is not. So be careful.

Deposit, Withdrawal Methods, and Fees

The company accepts many payment methods but charges some hefty fees. Here’s the overview.

What Payment Methods Does the Broker Accept?

You can deposit your funds using:

  • Debit/credit cards
  • E-wallets
  • Crypto
  • Wire transfer

For withdrawals, fees go from 3-5% for wire transfers, 3.2-4.5% for e-wallets, and 3% for crypto, to 8% for card withdrawals. Quite a lot and quite unnecessary.

Minimum Investment Amount

The broker asks for a standard minimum deposit of $250. However, there are a lot of issues with this firm that we have already listed throughout this review. It’s clear that your funds are not safe, and you have no money-back guarantee. If you still wish to deposit, we advise you to avoid crypto, as these transactions are hard to follow. Instead, use your credit card and you have up to 540 days to request a chargeback.

Customer Support – Communication Channels

The broker advertises on different social media and generally all over the internet. Once you sign up for trading, you will be contacted through mobile and email. Sometimes, you may receive WhatsApp or Telegram messages with different promotions.

If you never register to trade, broker customers and employees may try to lure you through social media, such as FB and Instagram messages and comments.

Scammed by GF Markets Broker? – Let Us Hear Your Story

If you were scammed by GF Markets or a similar bogus broker, let us know. Our chargeback specialists will evaluate your case and find a way to help you recover your funds.

But What Is A Chargeback?

This is a way for your bank to recover the funds directly from the merchant. Contact us via online chat to book a free consultation, and let’s get your money back before it’s too late.

What Is GF Markets?

GF Markets is an online trading brokerage without a license.

Is GF Markets a Scam Broker?

GF Markets operates from SVG without any sort of regulatory approval.

Is GF Markets Available in the United States or the UK?

The firm is available in the UK but not in the US.

Does GF Markets Offer a Demo Account?

No, broker doesn’t offer a Demo account, only Live ones.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Comment link copied