WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

GS4TRADE

Marshall Islands|2-5 years|
High potential risk|

http://gs4trade.com/

Website

Rating Index

Contact

+49 6996759532
support@gs4trade.com
http://gs4trade.com/
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Contact number

English

+49 6996759532

Other ways of contact

Broker Information

More

Company Name

GS4TRADE

Abbreviation

GS4TRADE

Platform registered country and region

Marshall Islands

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-10-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

GS4TRADE · WikiFX Survey

Users who viewed GS4TRADE also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

FXCM

9.44
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)
Official website

IC Markets Global

9.06
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)
Official website

CPT Markets

8.60
Score
10-15 yearsRegulated in United KingdomMarket Making(MM)
Official website

GS4TRADE · Company Summary

BASIC INFORMATION

The offshore broker Gs4Trade, which advertises that it provides MetaTrader4 accounts and is globally regulated, will be the subject of this review. Although it has a reasonably good website, it still falls short of what is expected of a trustworthy broker. However, we spotted many information discrepancies, and that certainly doesnt look good on them. Find out the truth about this brokerage in the full Gs4Trade review.

Gs4Trade REGULATION AND SAFETY OF FUNDS

Despite being based in the Marshall Islands, Gs4Trade asserts that it is worldwide regulated. The lack of financial authority on the islands is an issue for merchants and investors. Therefore, it is simple to set up an offshore IBC there and pose as, for example, a bank or a Forex broker. The Marshall Islands are a haven for con artists due to the complete lack of regulations.

Although we looked elsewhere for a license, we were unable to locate any reliable companies connected to this brokerage. Depositing with Gs4Trade puts your money at risk because the company is shady, unlicensed, and unregulated. Please continue reading to see why we think it's a fraud.

Avoid Gs4Trade and look into the trustworthy UK and EU brokers that we recommend. To get a license, the European FX firms must adhere to a stringent set of regulations governing client safety. The brokers need to provide 730 000 EUR in paid-up capital, keep clients‘ accounts segregated and offer negative balance protection. There are also deposit insurance funds laid down to protect investors’ money in case of insolvency. For example, CySEC firms clients can claim up to 20 000 EUR in compensation, while the British protections are up to 85 000 GBP per person. If you trade with offshore brokers, you are only entitled to problems and headaches. Beware.

TRADING SOFTWARE

Gs4Trade makes the false claim that it provides MetaTrader4 accounts. Evidently, they use the popularity of MetaTrader to lure customers into their dubious enterprise. The sole accessible platform is Sirix, a dubious-looking web-based trading program. It is ineffective and unable to provide any notable advantages. Gs4Trade cannot offer a dependable platform, which is a sufficient justification for avoiding this broker. We think it's a fraud as well since they exploit the MetaTrader brand to deceive consumers.

When comparing platforms, check out the brokers we recommend for MetaTrader4 and MetaTrader5. Due to its reliability, traders and investors favor MT as the top retail Forex platform. It includes sophisticated trading tools including Expert Advisors, algorithmic trading, and several intricate indicators. Additionally, traders access a marketplace offering more than 10 000 apps available at the time.

SPREAD

The EUR/USD spread appears to be reasonable, often hovering around 0.5 pips. Since Gs4Trade is an unregulated offshore broker, you shouldn't open an account with them despite the favorable spreads, which make trading more affordable and increase profit potential

LEVERAGES

The maximum leverage possible is 1:200. However, on their Account page, they claim they can‘t provide more than 1:50. That’s a discrepancy and a red flag we need to raise. Legit brokers do not confuse the traders about the possible leverage levels. It‘s a powerful tool for improving profit potential, but at the same time, boosting traders’ risks, too.

The leverage hazards made some financial authorities restrict the leverage levels as a customer protection measure. Thus, the European, British and Australian brokers (to come in effect later in 2021) are limited to 1:30, while the Canadian brokers and the US brokers cant deliver more than 1:50. The Swiss brokers can offer increased leverage for risk-tolerant traders, but the 20 million francs capital requirement certainly drives scammers away.

MINIMUM DEPOSIT

The minimum deposit amount at Gs4Trade is 250 EUR/GBP, which is more than twice as much as the average for the sector of $100. Wire transfers and credit/debit cards are accepted as deposit options. Because it's possible to submit a chargeback claim if something goes wrong, we encourage you to always make deposits using bank cards exclusively. On the other hand, regardless of the broker, keep in mind that the Wires are final and non-refundable.

PAYMENT METHOD

However, if you have a preferred funding method, see our lists with legit Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers and Bitcoin brokers. The selected brokers are strictly regulated, so its unlikely to experience fraud.

MINIMUM WITHDRAWAL

The minimum deposit amount at Gs4Trade is 250 EUR/GBP, which is more than twice as much as the average for the sector of $100. Wire transfers and credit/debit cards are accepted as deposit options. Because it's possible to submit a chargeback claim if something goes wrong, we encourage you to always make deposits using bank cards exclusively. On the other hand, regardless of the broker, keep in mind that the Wires are final and non-refundable.

Review 2

2 Comments
Write a comment
All(2) Latest Neutral(2)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com