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Regarding the legitimacy of GFS forex brokers, it provides a comprehensive investigation into the security aspects of regulatory ASIC, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Software Index

Full License

Risk Control

Risk Manage

Is GFS safe?

The regulatory license is the strongest proof.

AR

ASIC Appointed Representative(AR)

Australia Securities & Investment Commission

Australia Securities & Investment Commission

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Appointed Representative(AR)
Licensor:
Rich Smart
Rich Smart
Australia ASIC STP
  • Licensed Institution:

    GLOBAL FEMIC SERVICES PTY LTD GLOBAL FEMIC SERVICES PTY LTD
  • Effective Date:

    2023-09-27
  • Email Address of Licensed Institution:

    Andrew@augurcapital.com.au
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    www.augurcapital.com.au
  • Expiration Time:

    --
  • Address of Licensed Institution:

    256 Rundle St Adelaide SA 5000 Australia
  • Phone Number of Licensed Institution:

    0871601176
  • Licensed Institution Certified Documents:

11 name

Is GFS a scam, or is it legit?

The latest exposure and evaluation content of GFS brokers.

This is such a horrible scam.
They deleted and deactived my account after I tried to connect again to Metatrader 5 and contact them. I tried to ask the customer service and they did not answer. Then, I sendt the messenger angrily and them if the platform was a scam, and the day after they locked and deactived my account without any message and comfirmation. I have lost all money invested in such a stupid, , greedy and dirty platform. Please never ever invest your money in this shit.
Beware of This Scam Platform: Shocking 7.6% Below
😡Never trust this scam platform! It’s extremely dishonest and deceitful! I deposited using USDT TRC20, and when I tried to withdraw, they initially claimed there would be a 1% fee, which I reluctantly accepted. However, they suddenly disabled USDT withdrawals and forced me to use other currency exchange rates, which had an outrageous and unacceptable 7.6% difference from the market rate! Even when I insisted on withdrawing in USDT, the hidden costs still amounted to a shocking 5% rate discrepancy! This platform is clearly robbing users with hidden charges and unethical practices! Their service and experience are beyond disgusting, and they’ve left me furious. Stay away from this scam platform and warn others to avoid falling into their trap!😡😡😡😡 Here is the evidence: I deposited 10,000 USD using USDT TRC20. At the time of withdrawal, I had 7,048.83 USD left, which was converted to MYR at 29,464.11. The exchange rate that day was 4.524, resulting in a 7.6% difference!
I cannot withdraw
I cannot withdraw money to my bank account
Yunnan Scam Group, Qingyun, Jingcheng, and GFS Brokers to Earn High Commission Fees and Large Spreads.
I was deceived into opening an account with GFS after joining a group; I had never dealt with forex before. The group leaders Qingyun, Jingcheng, Jianghe, and GFS collaborated in the scam, extracting high commission fees and large spreads from transactions.
Unable to withdraw money
Confirmation information: Money can be withdrawn within 24 hours, but withdrawal orders made 7 days ago have not been processed yet.
Unable to withdraw funds
I made a profit of US$7,000 from trading on the GFS platform last month. Now my trading account was suddenly frozen without notifying me. I still have orders in my trading account. The account is frozen and I am unable to close my position. The fund backend has also been frozen, and now even the principal is not allowed to be withdrawn. This platform is hereby exposed as a fraud group. Everyone, be careful not to be defrauded of our hard-earned money by GFS in the name of foreign exchange transactions. The GFS platform only allows customers to lose money. It is a platform that does not allow withdrawals and even takes away the principal. Please stay away from this fraudulent platform.
Scam company
The scam company attracts people through stocks, hold competitions, launch foreign exchange to let people open accounts and deposit funds in order to charge high fees.
GFS's spreads and handling fees are unbelievable
Agents of GFS induce and defraud investors by holding training classes through competitions and other methods. They call for orders multiple times in the group to get us to buy and sell heavy positions. For example, with a principal of 10,000 US dollars, we are asked to buy ten lots at a time. The purpose is to charge a high handling fee when we liquidate the position. A handling fee of fifty US dollars per lot, a spread of 0.07 basis points (basis point = 1.2600/1.26070), a total of 12 basis points, and even a high exchange rate, such as the exchange rate of 7.21 for today's withdrawal, but the 7.07 settlement instead. Most investors suffered heavy losses. I lost a total of more than 60,000 US dollars in spreads and handling fees. I reported the matter to the GFS headquarters and hoped that it would be dealt with, but he replied to me that they complied with the regulatory requirements of the Australian Securities Regulatory Commission. The handling fee of 50 US dollars and the slippage of 0.07 are both legal. They cover up their agents and work with the agents to harm the interests of investors. They also disregard the company's reputation and disrupt the entire foreign exchange trading market. Currently, many friends in the group have suffered heavy losses and are still being deceived. They are exposing this company, claiming it is not a formal company at all. It is a company that purely deceives investors in the foreign exchange market and does not adhere to integrity and moral bottom lines. Investors around the world must see clearly the true face of this company and keep from being deceived by this company and its agents. Because every investor who opens an account with this company will eventually be liquidated or suffer serious losses, all due to handling fees.
GFS's latest industry rating score is 4.22, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. GFS If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.