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GWIT Forex Broker provides real users with * positive reviews, * neutral reviews and 3 exposure review!

GWIT Broker Review

1.58

WikiFX monitor

Business

Influence E

License

No license

GWIT Review 3

Latest All(3) Exposure(3)
Exposure
Induce fraud in GWIT

Hong Kong GWIT induces fraud with the reason of making friends and trusteeship to attract deposits.On March 8th,the nonfarm payroll night , the fund in my account was less than 50,000 US dollars in balance.Manager Chen of GWIT set up the position of 40 lots to go short orders.When I noticed,I contacted them immediately,no result.Within a few minutes,I made losses,with $8000 balance in my account.To acquire my trust,they compensate a small portion.I set up another position of 16 lots,after losing all fund,I was blacklisted by the two person.The woman’s identity is confirmed since she received my international express parcel and gifts.By uploading Wechat screenshots,I hope more and more person will see. Don’t be fascinated by her glamorous appearance and seemingly distinguished status.Be careful to avoid repeating the mistakes.

FX1576027821
2019-09-27
Exposure
The margin trading platformGWITdefrauded me to trade

Hong Kong Gre-Kriti’ Chairwoman Zhang Jialuo, with the WeChat accounts: haohaoyuyu1314 and lindasy600.GWIT’s Asset Management Chen, with the WeChat accounts: Ckeke1992 and q1735939679. The two colludes to defraud me, with excuses of dating, helping me make money, under the cover of as a privileged identity after obtaining my trust. In March 8 on Friday, when the non-farm payroll data released, they opened positions of 40 lots when my balance is less than 50,000 US dollars. After I lost money, they tried to obtain my trust by promising to compensate my losses. However, they deleted my WeChat after they lost my rest money in the Asian morning market on Monday. The following pictures can prove my words. Zhang signed the international parcel delivery I sent to her. I hope everyone can be alert and not be confused by the glamorous appearance and seemingly noble identity. Don’t trust the two people and stay away from this scam platform. Thank FXEYES for its providing such an exposing platform. Wish everyone good luck

FX1576027821
2019-03-20
Exposure
Manager Chen in GWIT always operated illegally.

With the reason of making money and distinguished identity,the chairman Zhang Jiayu of HK Geliti with Xiong Dailin’s endorsement and manager Chen of GWIT acquired my trust. On March 8th,the nonfarm payroll night , the fund in my account was less than 50,000 US dollars in balance.I set up the position of 40 lots to go short orders.I contacted them,no result.Within a few minutes,I made losses,with $8000 balance in my account.To acquire my trust,they compensate a small portion.I set up another position of 16 lots,after losing all fund,I was blacklisted by the two person.The woman’s identity is confirmed since she received my international express parcel and gifts.By uploading Wechat screenshots,I hope more and more person will see. Don’t be fascinated by her glamorous appearance and seemingly distinguished status.Be careful to avoid repeating the mistakes. Thank you for the valuable platform provided by Forex 110. Good luck to everyone.

FX1576027821
2019-03-19

  

Gwit 2025 Review: Everything You Need to Know

  In the rapidly evolving world of forex trading, Gwit has emerged as a broker that raises significant concerns among traders. Multiple reviews indicate that Gwit is an unregulated broker with a questionable reputation, often associated with scams and fraudulent activities. The broker claims to provide services under the guise of regulation by the US National Futures Association (NFA), but investigations reveal that this is misleading. Users are advised to proceed with extreme caution when considering Gwit as their trading partner.

  Note: It's important to highlight that different entities may operate under the Gwit name across various regions, which adds to the complexity of assessing its legitimacy. This review aims to provide a fair and accurate assessment based on multiple sources.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  We rate brokers based on extensive research and user feedback to ensure a comprehensive evaluation.

  

Broker Overview

  Gwit, or Giant Wave Information Technology, was established in 2018 and claims to operate from Hong Kong, with purported offices in major financial centers like London and Shanghai. However, its regulatory status is questionable, as it lacks legitimate oversight from recognized authorities. The broker offers trading services via the MetaTrader 5 platform, focusing on a variety of asset classes including forex, indices, CFDs, and commodities.

  

Detailed Analysis

  

Regulatory Status and Geographical Reach

  Gwit operates without valid regulatory oversight, which is a significant red flag for potential investors. The broker falsely claims to be regulated by the NFA, but investigations reveal that the NFA registration number pertains to a different entity altogether. The Securities and Futures Commission (SFC) of Hong Kong has also issued warnings against Gwit, stating that its registered address is linked to a secretarial company, further casting doubt on its legitimacy.

  

Deposit/Withdrawal Currencies and Cryptocurrencies

  While Gwit may allow deposits in various currencies, the lack of transparency regarding withdrawal processes raises concerns. Users have reported difficulties in withdrawing funds, which is a common tactic employed by fraudulent brokers. Additionally, Gwit does not clearly state its policies regarding cryptocurrency trading, which could lead to further complications.

  

Minimum Deposit and Promotions

  The minimum deposit required to open an account with Gwit is not clearly stated across various reviews, but users have indicated that initial investments can be substantial. Promotions and bonuses offered by the broker are often seen as gimmicks designed to entice new traders, but they come with hidden terms and conditions that can complicate withdrawals.

  

Asset Classes and Costs

  Gwit claims to offer a wide range of trading assets, including forex pairs, indices, and commodities. However, the cost structure, including spreads and commissions, is not transparent. Many users have reported that the trading conditions are unfavorable, with high spreads that erode potential profits.

  

Leverage and Trading Platforms

  Gwit provides leverage options, but the specific ratios are not disclosed, which is concerning for risk management. The broker operates on the MetaTrader 5 platform, which is generally well-regarded in the trading community, but the lack of support and guidance from Gwit diminishes its effectiveness.

  

Restricted Regions and Customer Support Languages

  Gwit does not provide clear information regarding restricted regions, which can lead to legal complications for traders in certain jurisdictions. Customer support is reportedly lacking, with many users expressing frustration over delayed responses and unhelpful service.

  

Summary of Ratings

Category Rating (out of 10) Detailed Breakdown
Account Conditions 2 Poor transparency on terms and conditions.
Tools and Resources 3 Limited educational resources available.
Customer Service and Support 2 Slow response times and unhelpful support.
Trading Setup (Experience) 3 Generally negative user experiences reported.
Trustworthiness 1 Unregulated with numerous scam allegations.
User Experience 2 High risk of fund withdrawal issues.

  

Detailed Breakdown

  • Account Conditions: Users have reported a lack of clarity regarding account terms, leading to confusion and frustration.
  • Tools and Resources: Gwit provides minimal educational resources, which is a disadvantage for novice traders seeking guidance.
  • Customer Service and Support: Many reviews highlight poor customer service, with traders struggling to get timely assistance.
  • Trading Setup (Experience): Users have expressed dissatisfaction with their trading experiences, often citing high costs and withdrawal issues.
  • Trustworthiness: Gwit has a low trust rating due to its unregulated status and numerous warnings from financial authorities.
  • User Experience: Overall user experiences are negative, with many traders cautioning others to avoid Gwit.
  •   In conclusion, the Gwit review indicates a broker fraught with red flags and potential risks. Traders are strongly advised to seek alternatives that offer legitimate regulation and transparent practices to ensure the safety of their investments.

GWIT review