Note: Gefi Time is to operate via the website - http://gefitime.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
The United Kingdom FCA regulation (license number: 489397) claimed by this broker is suspected to be a clone. Please be aware of the risk!
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 contained in this article is for general information purposes only.
General Information & Regulation
Gefi Time, a trading name of Gefi Time Ltd, is allegedly a financial services company registered in the United Kingdom that claims to provide its clients with leverage up to 1:100 on the state-of-the-art MT4 trading platform, as well as a choice of three different live account types.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, spreads, etc.
As for regulation, it has been verified that Gefi Time holds a suspicious clone Financial Conduct Authority (FCA) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.96/10. Please be aware of the risk.
Account Types
Apart from demo accounts, Gefi Time claims to offer three types of live trading accounts - Standard, Professional and Advanced, with minimum initial deposit requirements of $10,000, $100,000 and $200,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
Leverage available at Gefi Time is adjusted based on account types. For live accounts, the maximum leverage is 1:100, while 1:200 for demo accounts. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
The platform available for trading at Gefi Time is the world's most advanced and popularly-used MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. Using suitable mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement with Gefi Time is said to be as high as $10,000. However, without access to its official site, we cannot say what kind of payment methods are available with the broker.
Customer Support
Gefi Time‘s customer support can be reached by telephone: +1-617-381 and email: info@gefitime.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
Pros & Cons
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