Note: At this time, we only have a cursory look at GateBits as the company's official website (https://gatebits.com/ ) does not open properly.
Risk Warning
Online trading involves huge risks and you can lose all 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 contained herein is for general information purposes only.
Screenshot time: 02/10/2023
The scores provided by WikiFX are dynamic and track the broker's movements in real time, so the scores screened at the current time are not indicative of past or future scores.
General information and regulations
GateBits is registered in Australia and appears to be a fraudulent broker without any credible regulation, with a history of no more than 1 year. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker.
When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.
Account types and maximum leverage offered by GateBits
GateBits offers a total of 6 account types: self managed, Libra, diamond, platinum, gold and basic. The minimum deposit to open an account is $250, invitation only, $50,000, $25,000, $10,000 and $5,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a self-managed account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.
The major differences between these accounts, according to the information provided by WikiFX, consist in leverages. The maximum leverage for different accounts varies from
Customer support
The support service provided by GateBits is not very extensive. It can only be accessed via email and a phone number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.
Below are the details about the customer service.
Email: support@gatebits.com
Phone Number: +61 870713966
Users exposures
We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.
Frequent asked questions about GateBits
Is this broker well regulated？
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
How much leverage does this broker offer？
The maximum leverage of GateBits is 1:400. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.
WikiFX
