GF Markets – Can You Trust Them?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
GF Markets - DO NOT TRADE WITH THIS PROVIDER
2.3/10
$100
Minimum Depositupdated 2022
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://gfmarkets.com
Founded: 2022
Regulations: No Regulation
Languages: English
Deposit Methods: Unknown
Minimum Deposit: Unknown
Free Demo Account: No
Number of Assets: Unknown
Types of Assets: CFDs in Currency Pairs, Commodities, Stocks, Indices
Trading Accounts and Conditions
GF Markets has not bothered giving any information about their trading account or conditions. Thus, we do not know what the spreads, leverages, minimum deposits or even fees and commissions are.
GF Markets – Advantages
There are no positive points in GF Markets. This broker is completely inadequate.
GF Markets – Disadvantages
Here are all the issues we have identified that tell us clearly that we are dealing with a scammer:
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No Regulation at All
After going through this broker’s website in detail, we can say for certain that we are dealing with an anonymous and unlicensed broker. There is no information whatsoever about their location, so we do not know where they are based. There is mention of a company in their Terms and Conditions – a company called INTERSA LIMITED
GF Markets has not bothered to give any details about their regulation status. No licensing or regulation information provided. Period. The only thing this broker mentions – in random sections of the various policies, is that the user needs to be approved by their local regulator to use this broker’s services! This is absolute nonsense, since it is the broker’s responsibility to be regulated and offer legal services.
Dealing with an anonymous and unregulated entity is very dangerous since they are a scam operation.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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Serial Scammer
While researching this broker’s regulation status using their company name INTERSA LIMITED, we found out that we are actually dealing with a serial scammer. There is another brokerage run by this company called NFTRADEVC (website: www.nftradevc.com). This broker has also been exposed as a scam operation.
Thus, we can clearly state that GF Markets is part of a serial scam operation, and should avoid such brokers at all costs.
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Unfair Policies
If you read through their policies, you will be shocked. Their Termination Policy and Cancellation Policy, the broker states that they can cancel or terminate your account and their website at any time – for any or no reason at all and without any notice!
The Refund Policy is no better. The broker states that if you ask for a refund, then all your logins and memberships will be deactivated. The broker also states that whether your application will be approved for a refund will be solely at their discretion. And if you have accepted bonuses from them, then you will have to follow the terms and conditions set for those bonuses.
Their Terms and Conditions are also frightening. The broker claims that they use cookies as well as other tracking technologies to collect information anonymously. The broker goes on to state that this information can include user IDs and passwords to access to their services.
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No Trading Platform
We know there is no trading platform on GF Market’s website. We checked their entire website and there was no link to any kind of trading software. And on their home page, the fist thing you see is Experience the Simplicity of Company’s Name WebTrader! This broker is so sloppy that they haven’t even bothered to change the template by adding their company name!
The fact this broker has no trading platform only cements the fact that they are running a scam – and a very shoddy one at that!
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No Payment Information
We could find hardly any information related to payments or their payment policy. There were just two pieces of information related to payments. In their Terms and Conditions section, the broker states that all payments will be processed in 48 hours. And their Refund Policy page, the broker mentions credit card payments.
Besides these two snippets, we do not have any idea about what their policies are about making payments.
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Bonuses Offered
We also know that this broker offers bonuses. While GF Markets has not bothered advertising bonuses on their website, we found out about their offer in their Refund Policy page, where the broker simply mentions that if you have accepted their bonus offer, then you would need to follow the terms and conditions related to bonuses to find out how to refund your money.
The thing is, there is no further information about their bonus or the policies governing those bonuses.
There are two clear red flags here. First, bonuses have been banned in most jurisdictions. This is because the terms and conditions attached to said bonuses are usually extremely unfair for the traders. And second, there are no policies in this broker’s website defining the terms of use for these bonuses. Therefore, if you accept bonuses from this broker, there is no way for you to know what you are getting into – a typical scammer’s routine.
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Shoddy Website
When you see GF Market’s website, you can tell you are dealing with a scam broker. The homepage is incomplete. Instead of mentioning the company’s name, the ad about their WebTrader platform simply says The Company, something that would be on a template.
There is also an insert where the broker is supposed to show live market updates from the crypto and forex markets – it is blank.
There is no doubt that this broker is a complete scam, targeting only those traders who are novices and don’t know anything about the forex market.
Conclusion
GF Markets is probably one of the shabbiest websites we have seen in recent times. The broker has not even bothered to provide basic information about their so-called services. Furthermore, we have found out that broker is just part of a serial scamming operation run by a company called INTERSA LIMITED. It would be advisable for all traders to simply avoid this broker completely.
GF Markets
Pros
- None
Cons
- No Regulation at All
- Serial Scammer
- Unfair Policies
- No Trading Platform
- No Payment Information
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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