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Giv Trade

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|White label MT5|Regional Brokers|High potential risk|

https://www.giv-capital.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
GlobalInvestmentVentures-Demo MT5
Server Location Ireland

Contact

info@giv.trade
https://www.giv-capital.com/
https://www.facebook.com/GIVTRADE
https://twitter.com/giv_trade?s=11&t=lwRIU9Wakjp95c6MpOuysA

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

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Broker Information

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Company Name

Giv Trade SVG

Company Abbreviation

Giv Trade

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Twitter
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Instagram
Linkedin

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-04-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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Giv Trade · Company Summary

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 & Regulation

Feature Detail
Regulation No regulation
Market Instrument Forex, Metals, Indices, Commodities
Account Type Classic, Prime and VIP
Demo Account yes
Maximum Leverage 1:400
Spread (EUR/USD) 0.8 pips
Commission Classic & Prime: no; VIP: $8
Trading Platform Metatrader 5, MT5 for Desktop & Android & IOS
Minimum Deposit no
Deposit & Withdrawal Method N/A

GIV CAPITAL is allegedly a multi-asset broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:400 and variable spreads on the MT5 trading platform via three different live account types. Here is the home page of this brokers official site:

home page

As for regulation, it has been verified that GIV CAPITAL currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.38/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is January 12, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

GIV CAPITAL advertises that it offers access to a wide range of trading instruments in financial markets, including Forex, Metals, Indices, and Commodities.

Account Types

Apart from demo accounts with $100,000 virtual capital, GIV CAPITAL claims to offer three types of real trading accounts, namely Classic, Prime and VIP. There is no minimum deposit requirement on the Classic account, while the Prime and VIP accounts have to deposit at least $1,000 and $10,000 respectively. All accounts are Islamic Accounts compliant with Sharia Laws.

Account Types

Leverage

The specified leverage for different account types at GIV CAPITAL varies between 1:100 and 1:400. Clients on the Classic account can enjoy the maximum leverage of 1:400, while the Prime and VIP accounts can experience leverage of 1:200 and 1:100 separately. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.

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.

Spreads & Commissions

All spreads with GIV CAPITAL are a floating type and scaled with the accounts offered. Specifically, clients on the Classic account can experience variable spreads from 1.8 pips, while 1.8 pips on the Prime account and 0 pips on the VIP account. The benchmark EUR/USD pair average is 0.8 pips.

As for the commission, there is no commission on the Classic and Prime accounts, while $8 is on the VIP account.

Trading Platform Available

The platform available for trading at GIV CAPITAL is one of the most notable and preferred trading platforms the market offers - MetaTrader5 and MT5 for Desktop & Android & IOS, which is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Customer Support

GIV CAPITALs customer support can be reached by telephone: +44 80 8273 4708, +44 20 3322 5481, email: info@giv-capital.com, or live chat. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: Kemp House 152-160, City Road London EC1V 2NX, United Kingdom.

Pros & Cons

Pros Cons
• Demo accounts available • No regulation
• No minimum deposit • Commission charged on the VIP account
• MT5 supported

Frequently Asked Questions (FAQs)

Q 1: Is GIV CAPITAL regulated?
A 1: No. It has been verified that GIV CAPITAL currently has no valid regulation.
Q 2: Does GIV CAPITAL offer demo accounts?
A 2: Yes. GIV CAPITAL offers demo accounts with $100,000 virtual capital.
Q 3: Does GIV CAPITAL offer the industry-standard MT4 & MT5?
A 3: Yes. GIV CAPITAL offers MetaTrader5 and MT5 for Desktop & Android & IOS.
Q 4: What is the minimum deposit for GIV CAPITAL
A 4: There is no minimum initial deposit requirement with GIV CAPITAL.
Q 5: Is GIV CAPITAL a good broker for beginners?
A 5: No. GIV CAPITAL is not a good choice for beginners. Although it offers demo accounts on the industry-standard MT5 trading platform, it lacks legitimate regulation.

User Reviews

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Last
more than one year
They lured me in with whispers of low spreads, but let's just say they didn't exactly live up to the hype. I highly suspect they've been pulling the wool over our eyes. I mean, the spreads were higher than a skyscraper, for crying out loud! And their customer service? Might as well be a tumbleweed blowing in the wind - they were off the grid more often than not. Once, I had a hiccup during a forex trade on EUR/USD, and I needed assistance. I reached out on their live chat, but lo and behold, no one was there to help.
2024-02-06 18:33
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0
0
Forex Scam Magazine
more than one year
GIV Trade Company has been identified as a potential scam in the Forex trading world. The company's website appears outdated. The company falsely claims to be a partner firm of Windsor Brokers and is actually registered in St. Vincent and the Grenadines, a location known for its lack of regulation in Forex trading. There have also been accusations that GIV Trade is running a pyramid scheme. It is advised to stay away from this company and trade with regulated and reputable forex brokers.
2023-02-03 02:08
Reply
0
0
more than one year
The company GIV CAPITAL's trading terms look very attractive, but I don't see any regulatory license for it. To be on the safe side, I won't invest here.
2022-12-12 11:50
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0
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