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GQFX

Saint Vincent and the Grenadines|1-2 years|
Suspicious Scope of Business|High potential risk|

https://gqfxtrading.com/

Website

Rating Index

Contact

info@gqfxtrading.com
https://gqfxtrading.com/
First Floor, First St Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 4
Previous Detection : 2024-04-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The BahamasSCB regulation (license number: SIA-F206) claimed by this broker is suspected to be clone. Please be aware of the risk!

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GQFX · Company Summary

GQFX Review Summary
Founded 1-2 years
Registered Country/Region Saint Vincent and the Grenadines
Regulation SCB (Suspicious clone)
Market Instruments Forex
Demo Account Unavailable
Trading Platforms MT4 FOR WINDOWS, MT4 FOR MAC, IPHONE APP, ANDROID APP, IPAD APP, TABLET APP
Minimum Deposit $100
Customer Support Email: info@gqfxtrading.com
Address:First Floor, First St Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines
Contact form

What is GQFX?

GQFX is a trading platform that offers an array of services across different asset classes, with a notable focus on Forex. It provides a variety of robust trading platforms, including MT4 for Windows, MT4 for Mac, iPhone app, Android app, iPad app, and Tablet app, all with a minimum deposit requirement of $100. However, it currently holds a suspicious clone SCB license.

GQFX's home page

Pros & Cons

Pros Cons
  • Multiple Trading Platforms
  • Limited Market Instruments
  • Suspicious Clone SCB License

Pros:

  • Multiple Trading Platforms: GQFX offers several trading platforms for its clients, including MT4 for Windows, MT4 for Mac, iPhone app, Android app, iPad app, and tablet app.

Cons:

  • Limited Market Instruments: GQFX only offers Forex as trading instruments.

  • Suspicious Clone SCB License: The present authorization held by GQFX is limited to a suspicious clone license from the Securities Commission of The Bahamas (SCB).

Is GQFX Safe or Scam?

  • Regulatory sight: At this time, GQFX retains exclusive possession of what's considered a suspicious clone license for retail Forex under the Securities Commission of The Bahamas (SCB), carrying the license number SIA-F206. In the Bahamas, this ostensibly allows GQFX to engage in specific operations despite the 'suspicious' qualification implying some levels of uncertainty.

  • User feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security measures: Grimpston serves clients in multiple jurisdictions while maintaining the same regulatory standards in each region.

Ultimately, the decision of whether or not to trade with Grimpston is a personal one. You should weigh the risks and benefits carefully before making a decision.

suspicious clone SCB license

Market Instrument

GQFX, a financial company, only provides Forex as a tool for trading to its users. Forex is currency trading and helps people reach their financial goals. The idea of Forex trading is about guessing whether a currency's value will go up or down. GQFX only deals with Forex, so traders can make money whether currencies are going up or down if they guess correctly.

forex

Trading Platforms

At GQFX, traders have access to a diverse range of robust trading platforms, tailored to cater to their trading needs. These platforms include MT4 for Windows, MT4 for Mac, iPhone app, Android app, iPad app, and tablet app, each of which is designed to offer seamless and efficient trading experiences. To start trading with GQFX, traders need to make a minimum deposit of $100, which applies to all the trading platforms mentioned above.

MT4

Customer Service

GQFX provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

  • Email:info@gqfxtrading.com;

  • Address: First Floor, First St Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines;

  • Contact form.

contact details
online messaging

Education

GQFX offers knowledge to learn how to trade. Information such as fundamentals of how trading works, technical analysis and understanding charts, very simple explanations understandable to new clients and newbies in the trading business, and other key components to keep you more knowledgeable for your needs to get started are available.

Education

Conclusion

In conclusion, GQFX has emerged as a trading platform with a focus on Forex trading. Operating under the regulatory watch of SCB with a suspicious clone license, GQFX operates out of Saint Vincent and the Grenadines providing clients with a range of platform options to suit their trading preferences.

However, it is crucial for potential users to tread with caution owing to the limited market instruments and the “suspicious clone” license it holds.

Frequently Asked Questions (FAQs)

Q 1: Is GQFX regulated?
A 1: No. It currently only holds a suspicious clone SCB license.
Q 2: Does GQFX offer demo accounts?
A 2: No.
Q 3: What is the minimum deposit for GQFX?
A 3: The minimum initial deposit to open an account is $100.
Q 4: At GQFX, are there any regional restrictions for traders?
A 4: Yes. GQFX does not provide services to citizens of certain jurisdictions or countries, including but not limited to European Economics Area (EEA), the United States of America, Canada, Syria, Iraq, Sudan and North Korea.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

GQ Trading LLC

Company Abbreviation

GQFX

Regulatory Status

Suspicious Clone

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Phone of the company

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Twitter

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Facebook

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Instagram

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YouTube

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Company address
  • First Floor, First St Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • info@gqfxtrading.com

Company Summary

User Reviews

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EDITRT
more than one year
With GQFX, I've had the privilege of experiencing one of the best execution times ever. If you're not a fan of the idea of slippage, that's the place to go.
2024-01-10 18:58
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