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GEMFOREX Forex Broker provides real users with 2 positive reviews, 1 neutral reviews and 5 exposure review!

GEMFOREX Broker Review

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GEMFOREX Review 8

Latest All(8) Positive(2) Neutral(1) Exposure(5)
Exposure

I applied for withdrawal in December 2022, but I still haven't withdrawn until 4.17 in 2023, more than 4 million money is detained, and I'm still trying to make a deposit claiming a 100% bonus. You have turned into a very dangerous business! You should think carefully before depositing, and don't withdraw until you confirm the LP, but it's a song. Everyone be careful!

aki2828
2023-04-17
Exposure

From December last year to the present, GEMFOREX has repeatedly refused withdrawals and delayed withdrawals to many users, and has canceled profits and frozen accounts. Nevertheless, we are raising funds by holding a deposit bonus campaign. I also requested a withdrawal of profits on 2023.02.03 and still have not received the money. No matter how many times I contacted the contact center, I got almost the same response. It is like this. We apologize for any inconvenience caused by the long wait. Apology for delayed withdrawals, progress report, and future measures https://gforex.info/news/20230319/In the above, we will report on the current withdrawal delay status and future withdrawal support. Currently, we are unable to provide a clear estimate of how long it will take to complete the withdrawal. We are aware that all customers who have applied for withdrawals have their own circumstances, but we sincerely apologize for the inconvenience and anxiety we have caused. Thank you for your kind support. Even if you make a deposit, you never know when it will be withdrawn. Please use it as a reference.

FX1611111706
2023-04-11
Exposure

As of March 2023, withdrawals are delayed. It seems that some users who requested a withdrawal in December 2022 have not yet withdrawn. On February 4, 2023, we made an official announcement (https://gforex.info/news/20230204/) to apologize for the delay in withdrawals. In the announcement, they hinted that the issue would be resolved by the end of February, but even in March, the withdrawal delays continued to worsen, and some people who requested withdrawals have been waiting for more than a month. This company used to be famous for its 100% bonus and it was a popular company that won the best broker award. is different now. Once you deposit, there is a high probability that the money will not be withdrawn immediately even if you request a withdrawal. Even if I inquire when the money will be withdrawn, I'm here. Thank you for contacting us. I apologize for keeping you waiting. We have confirmed this with the department in charge, but we are still waiting for an answer from the LP side. We are calling out to the relevant parties so that we can respond as soon as possible, but the aftermath of the fraudulent transactions in December 2022 is unexpectedly large, and we apologize for the inconvenience caused to customers who are applying for withdrawals. We deeply apologize for the inconvenience. Regarding the request from 〇〇, we will share it and confirm it again, but it is difficult to inform you when the procedure will be completed. We apologize for keeping you waiting, but we appreciate your understanding on this matter. We apologize for the long wait. Please wait until the procedure is completed. In charge ●●● ---------------------------------------- It is not clear when exactly the money will be withdrawn. As of December last year, it was said that the transfer would be processed within 5 business days after requesting withdrawal. Please search for "gemforex withdrawal" or "gemforex withdrawal" on Twitter. You will see many people who have not withdrawn within 5 business days after requesting a withdrawal. Some people have not withdrawn for 20 business days or more, let alone 5 business days. The important point is that not only users who have made fraudulent transactions are kept waiting, but there are also general users who are caught up in the collateral damage. Do you want to trade FX with a company (Gemforex) that makes you wait more than 20 business days after requesting a withdrawal?

taro7953
2023-03-15
Positive

I have been trading with GEMFOREX for about a month, and I am very satisfied with all aspects of the current position. The only downside is that the spreads are a bit high, so I'm thinking about upgrading my account.

涂涂
2023-02-21
Neutral

Due to withdrawal delay trouble, I applied for withdrawal around mid-January 2023. At that time, I hadn't made a single transaction yet, so I thought it would be withdrawn immediately. However, even after 15 business days have passed, the withdrawal has not been made and I decided to inquire. The usual template answer (LP is ~). After a few more days, the money was finally withdrawn. Even an account like me before trading is confused by saying that it needs to be investigated, so the cash flow is opaque and unreliable. If the service remains until around 2024, I would consider using it again, but it is not recommended to deposit a large amount because of the bonus.

レオやん
2023-02-19
Exposure
GEMFOREX withdrawal refusals, delayed withdrawals, and forfeiture of profits (this one has not violated any terms and conditions or committed any fraudulent acts).

GEMFOREX has repeatedly denied and delayed withdrawals for many users since last year to the present, and has committed wrongdoings such as profit cancellation and account freezing. I am one of the victims. GEMFOREX has been holding numerous deposit bonus campaigns to raise funds, and in addition, GEMFOREX has announced on its official website that it is seeking investors for 10 million yen per unit, 1,000 units, and 10,000 units in total, but the company clearly has no funds and seems to be in a flat tire state. It seems that the company has no funds and is in a flattened state. It seems to me that the company needs to file a report with the Financial Services Agency since it is soliciting owners (shareholders) in the Japanese market. Many users, including myself, are in real trouble because we have not been able to withdraw our funds. Please help us. I hope this will be helpful for those who are going to use GemForex or make a deposit.

smallisland
2023-02-11
Exposure
Seizing the winnings

Hello friends, stay away from this company. With the closure of Bitterz company, investors were directed to gemforexe by Bitterz company... I also moved my account and deposited $1000....I made 2722 dollars profit and GEMFOREX sent me back my money, a ridiculous move I'm very surprised, frankly, I would never do business here if Bitterz company had not directed it here... Never trust this company, you have no chance of getting the profit you will get.

FX3203588779
2022-12-29
Positive

Good Broker, with good Conditions. Nice Bonus for FTDs and nice IB rebates. Overall great.

bleumagic
2022-12-28

  

GemForex 2025 Review: Everything You Need to Know

  Summary: GemForex, a forex and CFD broker founded in 2010, has garnered mixed reviews in 2025. While it offers attractive trading conditions such as low minimum deposits and high leverage, concerns about its regulatory status and user experiences raise significant red flags for potential investors.

  Note: It is essential to consider that GemForex operates under different entities in various regions, which may affect its regulatory compliance and user experience. This review aims to provide a balanced perspective based on available data and user feedback.

  

Ratings

Category Rating (out of 10)
Account Conditions 5
Tools and Resources 6
Customer Service & Support 4
Trading Experience 5
Trustworthiness 3
User Experience 4

  How We Rate Brokers: Ratings are based on user feedback, expert opinions, and factual data related to the broker's operations.

  

Broker Overview

  Founded in 2010, GemForex is a forex and CFD broker that primarily operates under the jurisdiction of the Seychelles Financial Services Authority (FSA). The broker offers popular trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to a variety of trading styles. GemForex provides access to a range of asset classes, including forex pairs, commodities, and indices. However, its lack of robust regulatory oversight has led to skepticism regarding its trustworthiness.

  

Detailed Analysis

  

Regulatory Status

  GemForex claims to be regulated by the Seychelles FSA, which is often considered a lower-tier regulatory body compared to more established authorities like the UK's FCA or Australia's ASIC. According to multiple sources, this lack of stringent oversight raises concerns about investor protection. For instance, the Forex Peace Army has labeled GemForex as potentially operating as a high-yield investment program (HYIP), a type of Ponzi scheme, urging traders to proceed with caution (source).

  

Deposit and Withdrawal Methods

  GemForex supports various deposit and withdrawal methods, including credit/debit cards, wire transfers, and e-wallets like PayPal and Skrill. The minimum deposit for its All-in-One account is relatively low at $50, while the Elite and Raw accounts require a minimum deposit of $3,000. However, users have reported significant delays in withdrawals, with some waiting for months, which has contributed to negative perceptions of the broker's reliability (source).

  

Bonuses and Promotions

  The broker offers promotional bonuses, such as a no-deposit bonus for new clients. However, these promotions may come with stringent terms that could complicate withdrawals, further questioning the broker's credibility (source).

  

Trading Costs

  GemForex presents competitive trading costs, with spreads starting from 1.5 pips on the All-in-One account. The broker also offers a No Spread account, which features zero spreads but likely includes a commission structure. However, the high leverage of up to 1:1000 can be a double-edged sword, as it increases the risk of significant losses (source).

  

Available Asset Classes

  Traders have access to over 30 currency pairs, commodities, and indices. However, the absence of cryptocurrencies in their asset offerings may deter some traders looking for diversification (source).

  

Geographic Restrictions

  GemForex is not available in several countries, including the United States, Iran, and North Korea. This limitation can hinder its accessibility for global traders (source).

  

Customer Support Languages

  Customer support is available in multiple languages, including English and Chinese. However, user reviews indicate that response times can be slow, and many have expressed dissatisfaction with the support provided (source).

  

Repeated Ratings

Category Rating (out of 10)
Account Conditions 5
Tools and Resources 6
Customer Service & Support 4
Trading Experience 5
Trustworthiness 3
User Experience 4

  

Detailed Breakdown

  •   Account Conditions (5/10): The broker offers a low minimum deposit, making it accessible for beginners. However, the high minimums for certain accounts and withdrawal issues detract from this rating.

  •   Tools and Resources (6/10): GemForex provides standard trading platforms (MT4 and MT5) but lacks advanced educational resources, which could benefit novice traders.

  •   Customer Service & Support (4/10): Despite offering support in various languages, user experiences indicate long wait times and unsatisfactory resolutions.

  •   Trading Experience (5/10): While trading conditions appear favorable, the lack of regulatory oversight and withdrawal delays significantly impact the overall trading experience.

  •   Trustworthiness (3/10): The offshore regulatory framework and negative user reviews contribute to a low trust rating.

  •   User Experience (4/10): The platform's usability is average, but concerns regarding fund security and withdrawal processes overshadow the overall experience.

  •   In conclusion, while GemForex offers some appealing trading conditions, potential investors should approach with caution due to significant concerns regarding its regulatory status and user experiences. It is advisable to consider more reputable brokers that provide better protection and support.