Guze Markets Forex Broker
Basic Information
United Kingdom
2-5 years Regulated in United States Financial Service MT5 Full License Global BusinessCompany profile
Rating Index
Cent
Standard
Guze Markets Forex Broker - Complete Information Guide
1. Broker Overview
Guze Markets, founded in 2022, is a forex broker that operates under the name Guze Markets Company Limited. The broker claims to be headquartered in Saint Vincent and the Grenadines, with a primary office located in Bangkok, Thailand. As a private entity, Guze Markets targets a diverse clientele ranging from retail traders to institutional investors, providing access to various financial markets.
The company has positioned itself in the competitive landscape of online trading by offering a range of trading instruments, including forex, commodities, cryptocurrencies, and shares. Guze Markets aims to deliver a user-friendly trading experience through its advanced trading platforms. Despite its relatively short history, the broker has made efforts to establish itself in the trading community, although it faces skepticism due to regulatory concerns.
Guze Markets operates primarily in a retail forex model, allowing individual traders to access the foreign exchange market. The broker also appears to cater to institutional clients, although specific details regarding institutional services are limited. Overall, Guze Markets broker seeks to provide an inclusive trading environment, but potential clients should exercise caution due to regulatory issues.
2. Regulatory and Compliance Information
Guze Markets claims to be regulated by the Financial Conduct Authority (FCA) in the United Kingdom, with a license number of 15884393. However, it is important to note that this license has been exceeded, leading to concerns about the broker's legitimacy. The lack of valid regulation raises significant red flags regarding the safety of client funds and the overall credibility of the broker.
The company does not provide clear information about its client fund segregation policies, which is a critical aspect of ensuring the safety of traders' capital. Furthermore, Guze Markets does not seem to participate in any investor compensation schemes, which further complicates the security of client funds.
In terms of compliance, there is no detailed information available regarding the implementation of KYC (Know Your Customer) and AML (Anti-Money Laundering) measures. The absence of such compliance protocols can expose traders to higher risks, making it essential for potential clients to consider these factors before engaging with Guze Markets broker.
3. Trading Products and Services
Guze Markets offers a variety of trading products, primarily focusing on forex pairs, commodities, cryptocurrencies, and shares. The broker claims to provide access to a wide range of forex currency pairs, although specific numbers are not disclosed. The broker also includes CFD products, covering indices, commodities, and cryptocurrencies, catering to the diverse trading preferences of its clients.
The platform reportedly supports trading in various asset classes, with a particular emphasis on forex trading. However, the details regarding the frequency of product updates and the introduction of new trading instruments remain unclear. Guze Markets broker appears to target retail traders primarily, providing them with the necessary tools and resources to engage in the financial markets.
Institutional services and white-label solutions are not explicitly mentioned, indicating that the broker may primarily focus on retail trading. Asset management services are also not highlighted, further solidifying Guze Markets' positioning as a retail-focused broker.
4. Trading Platform and Technology
Guze Markets supports the popular trading platform MetaTrader 5 (MT5), which is known for its advanced features and user-friendly interface. The broker does not appear to offer MetaTrader 4 (MT4), which is commonly used by many traders. The MT5 platform is accessible on various devices, including desktop, mobile, and web, catering to the needs of different traders.
The execution mode employed by Guze Markets is not clearly defined, with some sources suggesting a mix of STP (Straight Through Processing) and market-making models. The broker's server location is reportedly in the United States, which may impact trading speeds and latency for clients in other regions.
Additionally, Guze Markets claims to support API access and automated trading, although specific details regarding these features are not extensively provided. Traders interested in algorithmic trading may find the MT5 platform suitable, given its support for expert advisors and various trading strategies.
5. Account Types and Trading Conditions
Guze Markets offers several account types, including standard, STP, and mini accounts, with minimum deposit requirements starting at $10. The trading conditions for these accounts vary, with spreads reportedly starting from 1.2 pips for standard accounts and 0.3 pips for STP accounts. However, the presence of commissions is noted for certain account types, which may affect the overall trading costs.
The leverage offered by Guze Markets can reach up to 1:1000, allowing traders to amplify their positions significantly. However, such high leverage also entails increased risks, and traders should exercise caution when utilizing it. The minimum trade size is set at 0.01 lots, providing flexibility for traders with varying capital levels.
Information regarding overnight fees and specific conditions for different account types is not extensively detailed, making it essential for potential clients to inquire directly with the broker for comprehensive information.
6. Fund Management
Guze Markets supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type but generally starts at $10. The processing time for deposits is not explicitly stated, which can lead to uncertainty for traders looking to fund their accounts quickly.
While the broker does not provide detailed information about withdrawal methods or limitations, it is crucial for traders to understand the potential challenges associated with withdrawing funds. The withdrawal processing time and any applicable fees are also not clearly outlined, raising concerns about the overall transparency of the fund management process.
Given the lack of information about fees and withdrawal policies, traders should approach fund management with caution and consider potential risks associated with engaging with an unregulated broker like Guze Markets.
7. Customer Support and Educational Resources
Guze Markets offers customer support through various channels, including email and social media platforms. However, the absence of direct contact methods like phone support may limit accessibility for some traders. The broker claims to provide 24/7 customer support, but specific details about response times and service quality are not available.
The broker appears to offer a range of educational resources, including webinars, tutorials, and market analysis services. However, the depth and quality of these resources are not extensively detailed, making it challenging for traders to gauge the level of support available for their learning needs.
Market analysis services, such as daily reports and research updates, are mentioned but lack specifics. Traders should evaluate the educational offerings carefully to ensure they align with their learning objectives and trading strategies.
8. Regional Coverage and Restrictions
Guze Markets primarily serves clients in various regions, although specific details about its market coverage are not provided. The broker has regional offices, including one in Bangkok, Thailand, indicating its focus on the Asian market.
However, certain countries are explicitly restricted from trading with Guze Markets, including Australia, Belgium, France, Iran, North Korea, Japan, and the United States. This limitation may affect potential clients from these regions who are interested in accessing the broker's services.
Overall, traders should consider the regional restrictions and ensure that they comply with local regulations when engaging with Guze Markets broker.
In conclusion, while Guze Markets presents itself as a forex broker offering a range of services and products, potential clients should exercise caution due to regulatory concerns and the lack of transparency in various aspects of its operations. Engaging with a broker that lacks proper regulation poses significant risks, and traders are encouraged to conduct thorough research before deciding to invest their funds.
Guze Markets Similar Brokers
Latest Reviews
Ovite
Spain
Guze Markets has a variety of account types to suit different traders, and their deposit and withdrawal process is smooth and hassle-free.
Positive
2024-07-24
Giorgos Lazos
New Zealand
The platform is really user-friendly. It's easy to find my way around and the charts are clear and update quickly. The customer service is also very good; they answer quickly and are helpful when I have questions. BTW, $30 to start!!!
Positive
2024-05-22
FX5178246612
Thailand
On November 11, 67, I traded BTC and made a profit of US$ 23,xxx. I was about to sell, but the system was hanging. When I contacted them, they told me to wait. The IP signal of the trading platform was down, which made me lose confidence. I decided to sell immediately when the system is operational on the 12th and have been monitoring until today, the 13th. They replied that they will close the account and refund the principal, which is not fair and irresponsible. They cited the IP signal and the new provider as reasons. The customers are not at fault and cannot be trusted anymore.
Exposure
2024-11-13