English

Gravity trade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://clients.gravity-trade.com/, about the company's legal and temporary regulatory information, the company's address 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica.

Gravity trade Forex Broker

Basic Information

Registered Region

Dominic

Operating Period

Company Name

Inure Consuting LTD

Abbreviation

Gravity trade

Company employee

Customer Service Email Address

compliance.en@gravity-trade.com

Company Website

https://www.gravity-trade.com

Company address

8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation Feature Detail Regulation No Regulation Market Instrument Currency Pairs, Commodities, Metals, Indices, Shares and Futures Account Type Micro, Standard and Trader Demo Account N/A Maximum Leverage Micro and Standard: 1:200Trader: 1:100 Spread from 3 points Commission unspecified Trading Platform GT-Trader, GT4Mobile and WebTrader Minimum Deposit $250 Deposit & Withdrawal Method Wire Transfer, Maestro, MasterCard, MasterCard SecureCode, Piastrix, Verified by Visa and Visa Gravity trade, a trading name of Inure Consulting LTD, is allegedly a forex broker registered in Dominic that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:200 and floating spreads from 3 points on the GT-Trader, GT4Mobile and WebTrader trading platforms via 3 different live account types. Here is the home page of this brokers official site: As for regulation, it has been verified that Gravity trade currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.28/10. Please be aware of the risk. Market Instruments Gravity trade advertises that it provides access to a wide and highly diversified range of trading instruments from 6 different asset classes, which include 80+ Currency Pairs, Commodities, Metals, Indices, Shares and Futures. Account Types Gravity trade claims to offer three types of trading accounts, Micro, Standard and Trader, with minimum initial deposit requirements of $250, $500 and $1,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. Leverage The leverage provided by Gravity trade is adjusted based on the account type. Clients on the Micro and Standard accounts can enjoy the maximum leverage of 1:200, while the leverage on the Trader account is 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads & Commissions According to the information on the Trading Plans of Gravity trade, the spread is from 3 points on all account types. The broker also charges some unspecified commissions. Trading Platform Available Gravity trade says to give traders three different choices of trading platforms, including GT-Trader, GT4Mobile and WebTrader for PC, browsers and smartphones. Deposit & Withdrawal From the logos shown at the foot of the home page on Gravity trades official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Wire Transfer, Maestro, MasterCard, MasterCard SecureCode, Piastrix, Verified by Visa and Visa. The minimum initial deposit requirement is said to be $250. Bonuses Gravity trade also claims to offer a bonus, which varies depending on the account type. For example, the bonus is up to 30% on the Micro account, 35% on the Standard account and 50% on the Trader account. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators. Customer Support Gravity trade‘s customer support can be reached Monday - Friday: 9 am - 9 pm by email: compliance.en@gravity-trade.com. Company address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer. Pros & Cons Pros Cons • Multiple asset classes, account types and payment methods can be chosen • No regulation • Uncompetitive spreads & unspecified commission charged • High minimum initial deposit requirement Frequently Asked Questions (FAQs) Q 1: Is Gravity trade regulated？ A 1: No. It has been verified that Gravity trade currently has no valid regulation. Q 2: Does Gravity trade offer the industry-standard MT4 & MT5？ A 2: No. Instead, Gravity trade offers GT-Trader, GT4Mobile and WebTrader. Q 3: What is the minimum deposit for Gravity trade？ A 3: The minimum initial deposit to open a Micro account is $250, while $500 for the Standard account and $1,000 for the Trader account. Q 4: Does Gravity trade charge a fee？ A 4: Like every forex broker, it charges a fee when you trade - either in the form of a commission fee or spread fee. Q 5: Is Gravity trade a good broker for beginners？ A 5: No. Gravity trade is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit and uncompetitive spreads.

Gravity trade broker review

Is Gravity trade safe or scam

Rating Index

TRADER

Minimum Deposit

$1000

STANDART

Minimum Deposit

$500

Gravity Trade Forex Broker - Complete Information Guide

1. Broker Overview

　　Gravity Trade is a trading name operated by Inure Consulting Ltd, which was established in 2021. The broker is registered in the Commonwealth of Dominica, a well-known offshore jurisdiction. As a privately held company, it primarily targets retail clients interested in forex and CFD trading. The company claims to provide a range of financial instruments and trading services, but its lack of regulation raises significant concerns about its operational legitimacy.

　　Since its inception, Gravity Trade has positioned itself as a broker for forex trading, commodities, indices, and other financial assets. However, its business model appears to focus heavily on attracting new clients through enticing offers, such as high leverage and bonuses, without the necessary regulatory oversight. This raises red flags regarding the safety and security of client funds.

　　The company operates under the umbrella of Inure Consulting Ltd, which is also associated with other dubious trading platforms, notably Ruby Finance. The lack of transparency regarding its ownership and operational history is a significant concern for potential investors. Overall, Gravity Trade operates primarily in the retail forex market, offering trading services that are often criticized for their questionable practices.

2. Regulatory and Compliance Information

　　Gravity Trade is currently not regulated by any recognized financial authority. This lack of oversight is a major red flag for potential investors. The primary regulatory bodies, such as the Spanish CNMV, have issued warnings against Gravity Trade, highlighting its unregulated status and the risks associated with trading through this broker.

Regulatory Warnings: Official warnings have been issued by several authorities, including the Italian Consob, Portuguese CMVM, Belgian FSMA, and Norwegian Finanstilsynet, all cautioning against engaging with Gravity Trade.
Client Funds Protection: As an unregulated entity, Gravity Trade does not offer client funds segregation or participation in any investor compensation schemes, which means that clients' funds are at significant risk.
Compliance Measures: There is no evidence that Gravity Trade adheres to KYC (Know Your Customer) or AML (Anti-Money Laundering) regulations, which are standard practices among regulated brokers to prevent fraud and money laundering.

　　Due to these factors, the overall regulatory framework surrounding Gravity Trade is weak, and potential clients are advised to exercise extreme caution.

3. Trading Products and Services

　　Gravity Trade claims to provide access to a wide array of trading products, including:

Forex Pairs: The broker offers over 80 currency pairs, including major, minor, and exotic currencies.
CFD Products: Clients can trade various CFDs on commodities, indices, and shares. However, it does not offer cryptocurrency trading.
Special Products: While the broker advertises a diverse range of trading instruments, the lack of a demo account and transparency regarding product updates raises concerns about the actual variety and quality of offerings.

　　The frequency of product updates and the introduction of new trading instruments is unclear, as Gravity Trade does not provide detailed information on this aspect. The broker primarily focuses on retail trading services, lacking institutional client services or white-label solutions typically offered by more established brokers.

4. Trading Platforms and Technology

　　Gravity Trade offers a proprietary trading platform called GT-Trader, along with a web-based trading application. The platform does not support the widely recognized MetaTrader 4 or MetaTrader 5, which are preferred by many traders for their advanced features.

Platform Features: The GT-Trader platform provides access to various trading tools and indicators, but it lacks the robust functionalities found in established trading platforms like MT4/MT5.
Mobile Trading: Gravity Trade does offer a mobile application compatible with both iOS and Android, allowing users to trade on-the-go.
Execution Model: The broker operates as a market maker, which may lead to conflicts of interest as it profits from client losses.
Server Infrastructure: Details regarding the server locations and technical infrastructure are not disclosed, raising concerns about the reliability and speed of trade execution.
API Access: There is no information available about API access or support for automated trading, further limiting the trading options for advanced traders.

　　Overall, the technological offerings of Gravity Trade do not meet the standards set by more reputable brokers, making it less appealing to serious traders.

5. Account Types and Trading Conditions

　　Gravity Trade provides three types of trading accounts:

　　Micro Account: Minimum deposit of $250, with leverage up to 1:200 and spreads starting from 3 pips.
　　Standard Account: Requires a minimum deposit of $500, offering similar leverage and spreads.
　　Trader Account: This account type has a higher minimum deposit of $1,000 and offers a lower leverage of 1:100.
　　Demo Account Policy: Gravity Trade does not offer a demo account, which is a significant drawback for potential clients who wish to practice trading without risking real money.
　　Overnight Fees: Specific policies regarding overnight fees or swap rates are not clearly stated, which may lead to unexpected costs for traders.
　　Minimum Trade Size: The minimum trade size and other detailed trading conditions are not specified, making it difficult for traders to assess their potential costs accurately.

　　In summary, the account types offered by Gravity Trade do not provide sufficient flexibility or competitive conditions compared to other brokers in the market.

6. Fund Management

　　Gravity Trade supports several deposit methods, including:

Deposit Methods: Clients can deposit funds via bank transfer, credit/debit cards, and various electronic payment methods.
Minimum Deposit Requirements: The minimum deposit varies by account type, starting from $250 for the micro account.
Processing Time: The processing time for deposits is not specified, which may lead to uncertainty for clients.
Deposit Fees: There is no clear information regarding deposit fees, potentially leading to unexpected costs.
Withdrawal Methods and Restrictions: Gravity Trade's withdrawal process is reportedly fraught with issues, with many clients experiencing difficulties in accessing their funds.
Withdrawal Processing Time: The time taken to process withdrawals is not clearly defined, and clients have reported significant delays.
Withdrawal Fees Structure: Similar to deposits, details on withdrawal fees are vague, which may result in additional charges for clients attempting to withdraw their funds.

　　The lack of transparency and potential issues surrounding fund management are significant concerns for anyone considering trading with Gravity Trade.

7. Customer Support and Educational Resources

　　Gravity Trade provides customer support through various channels:

Support Channels: Clients can reach customer service via email, and there is no indication of support through phone or online chat.
Service Hours: The support service operates Monday to Friday from 9 AM to 9 PM, but specific time zone coverage is not mentioned.
Language Support: The broker's website does not specify the languages supported, which may limit accessibility for non-English speaking clients.
Educational Resources: Gravity Trade offers minimal educational resources, lacking comprehensive training materials such as webinars, tutorials, or eBooks.
Market Analysis Services: There is no mention of daily market analysis or research reports, which are essential for traders looking to make informed decisions.
Trading Tools: The availability of trading tools like calculators, calendars, or signal services is not clearly outlined, limiting the resources available to traders.

　　Overall, the customer support and educational offerings of Gravity Trade are inadequate, particularly for novice traders who may require more guidance and resources.

8. Regional Coverage and Restrictions

　　Gravity Trade primarily operates in several regions, but its unregulated status limits its market reach:

Main Service Markets: The broker is known to operate mainly in Germany, the United States, the United Kingdom, and Poland.
Regional Offices: There is no information available regarding any regional offices, which is common among unregulated brokers.
Countries Not Accepted: Due to its lack of regulation, Gravity Trade may not accept clients from many jurisdictions, particularly those with strict financial regulations.
Special Restrictions: The broker has been blacklisted by various regulatory authorities, further complicating its ability to operate legally in many regions.

　　In conclusion, Gravity Trade presents numerous risks and uncertainties for potential clients, particularly due to its unregulated status and lack of transparency. Prospective traders are strongly advised to conduct thorough research and consider safer alternatives before engaging with this broker.