Gravity Trade Review – Rogue Broker Leaves Victims in the Lurch
The Gravity Trade scam was a malevolent Forex dealer that defied regulatory warnings, evaded obtaining a tier 1 forex license, and ultimately disappeared without a trace.
As the dust settles on the deserted domain, the pressing question for those who fell victim remains: Is there hope for recovering the stolen investments?
This Gravity Trade review is here to shed light on some unscrupulous brokerage practices and explore the possibilities for victims seeking restitution, so read on.
|Unregulated Offshore Broker
|Is This Company Safe?
|No, this company has proven to be dangerous and greedy, so better stay away.
|Have Warnings from:
|CNMV, CONSOB, Finanstilsynet, CMVM, FI, FSMA
|Commonwealth of Dominica
|Up to 50%
|Forex, commodities, shares, ETFs, bonds
|Free Demo Account:
|How to Withdraw from This Company?
|We strongly advise you to contact our legal services in order to get proper support – otherwise, you might not be able to withdraw a single penny.
Is Gravity Trade Regulated? – Why Does It Matter?
The company is a brand owned by Inure Consulting Ltd from the Commonwealth of Dominica. The same company owns another scheme brand we’ve talked about earlier, RubyFinance.
Since Dominica has a financial regulator, no matter how loose, Gravity Trade regulation should be in the FSC register. And that would mean some small security for you, as authorities would be aware of the broker’s existence.
What’s Wrong With A Trading License?
Like the other brand, this company has not been regulated by any Tier1 regulator, including FCA, ASIC, and BaFin. Be aware that this firm is nothing but a scheme, and don’t let them run with your hard-earned money.
Regulatory Warning Against Gravity Trade Fraud
The first regulator to publish an official warning against the Gravity Trade trading scam was Spanish CNMV.
Official Warning Issued by CNMV – Evidence of Fraud
In this warning, CNMV stated that Gravity Trade provides unregulated financial services in Spain, and citizens should note it.
Many regulators later republished this warning numerous times, including Italian CONSOB, Portuguese CMVM, Belgian FSMA, Norwegian Finanstilsynet, and Estonian FI.
Where Is Gravity Trade Trading Scam Active?
According to our research, the broker Gravity Trade is mainly present in Germany, the US, the UK, and Poland. However, we’ve seen no restricted areas, and there are so many warnings from the EU, so you should keep your eyes open and not fall for the Gravity Trade scam.
Also remember the names of the SafeTradez, Nash Markets and Quicmarket Group trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Gravity Trade Reviews – Victims’ Experience
Due to the vague online presence and a tendency to keep a low profile, not many reviews are left behind on this dubious Forex services provider. Major review sites have fewer to no ratings posted at all on the account of this unscrupulous firm.
The one review we found on Trustpilot was left by an outraged customer that was defrauded for the amount of their initial investment. Apparently, no withdrawals were possible, unless you paid ridiculous fees and taxes upfront. The total sum of these will most probably be far higher than your initial deposit!
What Trading Platforms Are Available? – Trading Software
After everything being said, the Gravity Trade trading platform may not be of interest to many. But for the sake of this review, we’ve done research about it. The company offers GT-Trader, a proprietary version of an MT5, and a WebTrader.
Gravity Trade MT5 – MetaTrader 5 Platform
As you may know, MT5 is, along with MT4, the best trading software on the market, preferred by 80% of market users. However, it means nothing if a broker gives you unregulated trading conditions. Besides a terrific offer of charts and indicators, this MT5 enables leverage of up to 1:200, while EU regulators limit it to 1:30.
Mobile Trading App
Besides the desktop app, GT-Trader MT5 is available for Android and iOS. The Gravity Trade login from mobile is possible through an app that you can download directly from the company’s website.
Gravity Trade Trading Accounts – What They Offer?
There are 3 company account types, including:
- Micro – $250
- Standart – $500
- Trader – $1,000
Since the difference is not that big, we’ve checked what you can possibly get for such a small upgrade. The answer is – more trading signals, access to more trading instruments, and higher Gravity Trade bonuses.
Demo Account As a Lure
While many companies will offer you a practice account, Gravity Trade Demo is unavailable. You will need to deposit the funds, and only then will you be able to check the offer.
Gravity Trade Deposit Methods – How To Deposit?
Gravity Trade’s minimum deposit is $250 and can be made via:
- Wire transfer
- Debit/credit cards
The broker’s FAQ section insists that you use a wire transfer, but using cards is safer since you have up to 540 days to charge back the transaction if anything goes wrong.
Gravity Trade Withdrawal Issues – No Money Withdrawal Guarantees
If the broker is offshore and unregulated, there are no withdrawal guarantees. Of course, no regulator would take responsibility for the illicit firm.
Once you want to deposit the money, you will get professional treatment, but all the communication will stop if you ask for the withdrawal. Usually, these companies make up reasons why you can’t withdraw just now, and if you’re too persistent, they simply block your access to the trading account.
What Can I Do If a Broker Site is No Longer Active?
As a victim seeking financial reimbursement for what you spent on an illicit service, you should refer to our legal experts and a team of recovery professionals. We can help you discover potential avenues for reclaiming what was wrongfully taken from you.
Our knowledge and experience in this niche is unmatched, so do not shy away from contacting us at your convenience. In order to book your free consultation, please use our online chat feature.
Scammed By Gravity Trade Broker? – Talk To Our Recovery Experts
If you are a victim of the Gravity Trade scam, let us know. It’s time to talk to our recovery specialists and get some help. Book a free consultation via online chat, tell us your story and let’s refund your money before Gravity Trade disappears, leaving you with no other options.
Can I Trade Cryptocurrencies And CFDs With Gravity Trade Broker?
You can trade CFDs, but crypto is not available with Gravity Trade.
Does Gravity Trade Give a Deposit Bonus When Opening an Account?
Gravity Trade gives up to a 50% bonus on the initial deposit.
Is Gravity Trade MetaTrader 4 Forex Broker?
This company has no MT4 but offers MT5 and WebTrader instead.
Are My Funds Safe With Gravity Trade?
Gravity Trade has been blacklisted all over the EU, so no, your funds are not safe.