Note: GarySHAWs official site - http://www.jxgjforex.com/Websiten/Index/index.html is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
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 contained in this article is for general information purposes only.
General Information
What is GarySHAW？
GarySHAW, a trading platform based in New Zealand, provides the popular MT4 trading platform for its clients. However, there are a number of concerning aspects to consider. Firstly, the official website of GarySHAW is currently inaccessible, raising suspicions about the platform's credibility and potentially indicating that it has absconded. Additionally, GarySHAW has been verified as an illegal broker with expired licenses and has been listed in WikiFX's Scam Brokers list. It is important to note that GarySHAW has limited communication channels, and no address is revealed, further adding to the skepticism surrounding its operations.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
GarySHAW Alternative Brokers
There are many alternative brokers to GarySHAW depending on the specific needs and preferences of the trader. Some popular options include:
TigerWit - An innovative trading platform that combines social trading with cutting-edge technology, enabling users to trade various financial markets and follow successful traders' strategies.
TeraFX - A reputable forex broker that offers a diverse range of trading solutions, backed by advanced trading tools and exceptional customer support.
UFX- A user-friendly trading platform and a wide range of tradable assets, making it suitable for both beginner and experienced traders.
Is GarySHAW Safe or Scam？
The official website of GarySHAW is inaccessible, indicating that the trading platform may have absconded. Besides, this broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list.
The platform is a Ponzi Scheme, which refers to the use of “principle of value multiplication”. In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
If you are considering investing with GarySHAW, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.
Trading Platforms
GarySHAW offers MT4 for its clients. MT4 is a powerful and versatile platform that has gained immense popularity among traders worldwide. It provides a comprehensive and user-friendly interface, making it suitable for both beginners and experienced traders.
One of the key features of MT4 is its extensive range of analytical tools. Traders can access a wide variety of technical indicators, charts, and graphical objects, allowing them to analyze market trends and make informed trading decisions. The platform also supports the use of custom indicators, enabling traders to personalize their trading strategies and enhance their trading experience.
See the trading platform comparison table below:
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Email: Service@jxgjfx.com
Conclusion
In conclusion, GarySHAW, a trading platform based in New Zealand, provides the MT4 trading platform to its clients. However, there are several red flags associated with this platform. The fact that their official website is unavailable raises suspicions, suggesting that the platform may have absconded. Moreover, GarySHAW has been verified as an illegal broker with expired licenses and has been listed on WikiFX's Scam Brokers list. The limited communication channels and the absence of a revealed address further cast doubts on the platform's legitimacy. Traders are strongly advised to exercise caution and avoid engaging with GarySHAW due to these concerning factors.
Frequently Asked Questions (FAQs)
2022-12-13 18:27
