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GS4TRADE foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://gs4trade.com/clientzone/en/live_account_registration/step1, about the company's legal and temporary regulatory information, the company's address Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960..

GS4TRADE Forex Broker

Basic Information

Registered Region

Marshall Islands

Operating Period

Company Name

GS4TRADE

Abbreviation

GS4TRADE

Company employee

Customer Service Email Address

support@gs4trade.com

Contact Number

+49 6996759532

Company Website

Company address

Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

BASIC INFORMATION The offshore broker Gs4Trade, which advertises that it provides MetaTrader4 accounts and is globally regulated, will be the subject of this review. Although it has a reasonably good website, it still falls short of what is expected of a trustworthy broker. However, we spotted many information discrepancies, and that certainly doesnt look good on them. Find out the truth about this brokerage in the full Gs4Trade review. Gs4Trade REGULATION AND SAFETY OF FUNDS Despite being based in the Marshall Islands, Gs4Trade asserts that it is worldwide regulated. The lack of financial authority on the islands is an issue for merchants and investors. Therefore, it is simple to set up an offshore IBC there and pose as, for example, a bank or a Forex broker. The Marshall Islands are a haven for con artists due to the complete lack of regulations. Although we looked elsewhere for a license, we were unable to locate any reliable companies connected to this brokerage. Depositing with Gs4Trade puts your money at risk because the company is shady, unlicensed, and unregulated. Please continue reading to see why we think it's a fraud. Avoid Gs4Trade and look into the trustworthy UK and EU brokers that we recommend. To get a license, the European FX firms must adhere to a stringent set of regulations governing client safety. The brokers need to provide 730 000 EUR in paid-up capital, keep clients‘ accounts segregated and offer negative balance protection. There are also deposit insurance funds laid down to protect investors’ money in case of insolvency. For example, CySEC firms clients can claim up to 20 000 EUR in compensation, while the British protections are up to 85 000 GBP per person. If you trade with offshore brokers, you are only entitled to problems and headaches. Beware. TRADING SOFTWARE Gs4Trade makes the false claim that it provides MetaTrader4 accounts. Evidently, they use the popularity of MetaTrader to lure customers into their dubious enterprise. The sole accessible platform is Sirix, a dubious-looking web-based trading program. It is ineffective and unable to provide any notable advantages. Gs4Trade cannot offer a dependable platform, which is a sufficient justification for avoiding this broker. We think it's a fraud as well since they exploit the MetaTrader brand to deceive consumers. When comparing platforms, check out the brokers we recommend for MetaTrader4 and MetaTrader5. Due to its reliability, traders and investors favor MT as the top retail Forex platform. It includes sophisticated trading tools including Expert Advisors, algorithmic trading, and several intricate indicators. Additionally, traders access a marketplace offering more than 10 000 apps available at the time. SPREAD The EUR/USD spread appears to be reasonable, often hovering around 0.5 pips. Since Gs4Trade is an unregulated offshore broker, you shouldn't open an account with them despite the favorable spreads, which make trading more affordable and increase profit potential LEVERAGES The maximum leverage possible is 1:200. However, on their Account page, they claim they can‘t provide more than 1:50. That’s a discrepancy and a red flag we need to raise. Legit brokers do not confuse the traders about the possible leverage levels. It‘s a powerful tool for improving profit potential, but at the same time, boosting traders’ risks, too. The leverage hazards made some financial authorities restrict the leverage levels as a customer protection measure. Thus, the European, British and Australian brokers (to come in effect later in 2021) are limited to 1:30, while the Canadian brokers and the US brokers cant deliver more than 1:50. The Swiss brokers can offer increased leverage for risk-tolerant traders, but the 20 million francs capital requirement certainly drives scammers away. MINIMUM DEPOSIT The minimum deposit amount at Gs4Trade is 250 EUR/GBP, which is more than twice as much as the average for the sector of $100. Wire transfers and credit/debit cards are accepted as deposit options. Because it's possible to submit a chargeback claim if something goes wrong, we encourage you to always make deposits using bank cards exclusively. On the other hand, regardless of the broker, keep in mind that the Wires are final and non-refundable. PAYMENT METHOD However, if you have a preferred funding method, see our lists with legit Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers and Bitcoin brokers. The selected brokers are strictly regulated, so its unlikely to experience fraud. MINIMUM WITHDRAWAL The minimum deposit amount at Gs4Trade is 250 EUR/GBP, which is more than twice as much as the average for the sector of $100. Wire transfers and credit/debit cards are accepted as deposit options. Because it's possible to submit a chargeback claim if something goes wrong, we encourage you to always make deposits using bank cards exclusively. On the other hand, regardless of the broker, keep in mind that the Wires are final and non-refundable.

GS4TRADE broker review

Is GS4TRADE safe or scam

Rating Index

PLATINUM

Minimum Deposit

$150,000+

GOLD

Minimum Deposit

$50,000+

GS4Trade Forex Broker - Comprehensive Information Guide

1. Company Overview

　　GS4Trade, officially known as GS4Trade Invest Limited, is an offshore forex broker that has been operational since 2011. The company is headquartered in the Marshall Islands, a location known for its lenient regulatory environment. As a privately held entity, GS4Trade primarily targets retail clients interested in forex trading, CFDs, and other financial instruments.

　　Over the years, GS4Trade has made claims of serving over 2 million customers worldwide, suggesting a significant user base. However, the veracity of this claim remains questionable due to the lack of transparency regarding their operational history and client feedback. The broker's business model focuses on providing retail forex services, but it has faced scrutiny and warnings from various regulatory authorities, indicating potential risks associated with its operations.

　　As an offshore broker, GS4Trade's operational framework is designed to attract traders with promises of high leverage and a wide range of trading products. However, the absence of a solid regulatory framework raises concerns about the safety and security of client funds. This context is crucial for prospective clients considering engaging with the GS4Trade broker.

2. Regulation and Compliance Information

　　GS4Trade operates without any valid regulatory oversight, which is a significant red flag for potential investors. The broker claims to be globally regulated; however, there is no evidence to support these assertions. The primary regulatory authorities that have issued warnings against GS4Trade include:

BaFin (Germany's Federal Financial Supervisory Authority)
FCA (Financial Conduct Authority, UK)
Consob (Italian Securities and Exchange Commission)
FSMA (Financial Services and Markets Authority, Belgium)

　　Each of these authorities has flagged GS4Trade for operating without authorization, emphasizing the risks involved in trading with this broker. The lack of a regulatory license means that GS4Trade does not adhere to the stringent requirements set by reputable financial institutions, such as maintaining client funds in segregated accounts or offering investor compensation schemes.

　　Additionally, GS4Trade does not appear to implement adequate KYC (Know Your Customer) and AML (Anti-Money Laundering) measures, further compounding the risks associated with this broker. Without a regulatory framework, clients have limited recourse in the event of disputes or fund mismanagement, making it imperative for traders to exercise caution when considering this broker.

3. Trading Products and Services

　　GS4Trade offers a variety of trading products, primarily focusing on forex and CFDs. The broker claims to provide access to numerous forex pairs, including major, minor, and exotic currencies. However, specific details regarding the exact number of currency pairs available are not clearly disclosed.

　　In addition to forex trading, GS4Trade reportedly offers CFDs on indices, commodities, cryptocurrencies, and stocks. However, the lack of transparency regarding product updates and the frequency of new offerings raises concerns about the broker's commitment to providing a dynamic trading environment.

　　The broker's retail trading services are designed to cater to individual investors, while there is no mention of institutional services or white-label solutions. This lack of comprehensive service offerings may limit the appeal of GS4Trade to a broader range of clients.

　　Overall, while GS4Trade presents itself as a provider of diverse trading products, the absence of clear information and the dubious nature of its operations should prompt potential investors to consider more reputable alternatives.

4. Trading Platforms and Technology

　　GS4Trade claims to support the popular MetaTrader 4 (MT4) platform; however, this assertion has been met with skepticism. The only trading platform currently available is Sirix, a web-based solution that lacks the robust features and reliability typically associated with MT4. Sirix is often viewed as less effective than established platforms, leading to questions about the quality of trading experiences offered by GS4Trade.

　　The broker does not provide a mobile trading application for iOS or Android, which is a significant drawback for traders seeking flexibility and accessibility. The execution model employed by GS4Trade remains unclear, but there are indications that it may not align with the standards set by more reputable brokers.

　　Furthermore, details regarding the broker's server locations and technological infrastructure are not disclosed, leaving potential clients in the dark about the reliability and speed of trade execution. The absence of API access and automation trading support further limits the appeal of GS4Trade to more advanced traders.

5. Account Types and Trading Conditions

　　GS4Trade offers several account types, including:

Mini Account: Minimum deposit of $500, leverage up to 1:50, floating spreads.
Standard Account: Minimum deposit of $5,001, leverage up to 1:50, floating spreads.
Gold Account: Minimum deposit of $50,000, leverage up to 1:50, floating spreads.
Platinum Account: Minimum deposit of $150,000, leverage up to 1:50, floating spreads.

　　The trading conditions across these accounts include a minimum trading volume and negative balance protection. However, the minimum deposit requirements are significantly higher than industry standards, which typically allow for micro accounts with deposits as low as $100.

　　The broker claims to offer competitive spreads, with the EUR/USD spread reportedly around 0.5 pips. However, the lack of transparency regarding commissions and overnight fees raises concerns about the overall cost of trading with GS4Trade.

　　Moreover, the discrepancies in leverage levels, with claims of up to 1:200 in some instances, contrast with the stated maximum of 1:50, indicating potential confusion and risks for traders. Overall, while GS4Trade presents various account types, the high minimum deposit and unclear trading conditions may deter potential clients.

6. Fund Management

　　GS4Trade supports several deposit methods, including bank transfers and credit/debit cards. The minimum deposit requirement across different account types starts at €250, which is above the average for the industry.

　　The processing time for deposits is not explicitly stated, and there are concerns about associated fees, which GS4Trade does not clearly outline. This lack of transparency can lead to unexpected costs for traders.

　　Withdrawal methods include credit/debit cards and bank transfers, but the specifics regarding withdrawal limits and processing times are not provided. Clients have reported difficulties in retrieving their funds, a common issue with unregulated brokers. This situation is compounded by the absence of a clear fee structure for withdrawals, making it challenging for clients to manage their expectations regarding fund recovery.

　　In summary, the fund management policies at GS4Trade appear to lack clarity and transparency, which is a significant concern for potential investors considering this broker.

7. Customer Support and Educational Resources

　　GS4Trade provides customer support through various channels, including phone, email, and online chat. The support team can be reached at +49 6996759532, and they offer assistance primarily in English and German. However, the effectiveness and response times of their customer service remain uncertain, as there are limited reviews validating their support capabilities.

　　In terms of educational resources, GS4Trade offers minimal support, including an economic calendar, market news, and a FAQ section. However, the lack of comprehensive educational materials, such as webinars, tutorials, or eBooks, may hinder novice traders from gaining the knowledge necessary to navigate the forex market effectively.

　　Market analysis services are also limited, with no indication of daily analyses or research reports being provided. The absence of advanced trading tools further diminishes the appeal of GS4Trade for traders seeking a robust trading experience.

8. Regional Coverage and Restrictions

　　GS4Trade primarily serves clients in the European market, particularly targeting German and English-speaking traders. However, the broker's operations are not limited to these regions, as they appear to attract clients from various countries.

　　Despite its broad marketing reach, GS4Trade does not accept clients from certain jurisdictions, particularly those with stringent regulatory frameworks. Specific countries where the broker may face restrictions are not explicitly listed, but it is advisable for potential clients to verify their eligibility before proceeding.

　　In conclusion, while GS4Trade presents itself as a capable forex broker, the myriad of warnings from regulatory bodies, coupled with the lack of transparency in its operations, raises significant concerns. Potential investors are encouraged to conduct thorough research and consider more reputable alternatives to safeguard their investments.

　　In summary, the GS4Trade broker operates in a highly questionable regulatory environment, with numerous red flags that should prompt caution among potential investors.

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