Broker Review: Professional Opinion on Gravity Trade
Gravity Trade, an international broker, offers participants the opportunity to earn not only from trading but also from attracting new clients. In the world of finance, intermediaries using network marketing often raise doubts. Our task is to understand the trust in Gravity Trade and read customer reviews about the company.
Evaluation of Basic Information
Information about Gravity Trade on the internet is quite scarce, and the official website is the main source of data. The portal supports several languages, but only Russian and English have detailed content. Other website versions are not fully adapted, with untranslated interface elements, in particular.
The website gravity-trade.com provides compressed information about the company, without a detailed history. Upon checking the domain registration date, it became clear that the company has only existed for a few months. The domain was registered in November of the previous year, but access to the website was only opened in October 2021. The posted information is exclusively current, and therefore, all reviews about the company date back to the current year.
Regarding the company’s registration, the information is also quite convoluted. The inconspicuous footer indicates that the brand is managed by Inure Consulting LTD, registered on the island of Dominica. The business registration took place in March of this year, indicating the youth of the company.
The organizers try to conceal the company’s registration information. Dominica, as an offshore jurisdiction, does not require high business transparency. By registering through intermediaries, anonymity can be maintained. Information about owners is disclosed only upon request from law enforcement agencies, without public availability.
Regulation of Gravity Trade Broker
The website does not indicate the presence of licenses from regulatory bodies, which is a fundamental aspect in the intermediary’s operations. The regulator of Dominica, Dominica Financial Services Uni, does not issue permits to brokers, as this area of activity is not subject to licensing. Specifically, IBC companies are completely prohibited from engaging in brokerage activities, as evidenced by the corresponding document.
The document came into force in April 2021, meaning the fraudulent activities of Gravity Trade have been ongoing for over six months, violating Dominica’s legislation. Against the backdrop of negative reviews, the Bank of Russia also noticed Gravity Trade, including the company in the list of unscrupulous organizations.
It is worth mentioning that on October 5, the Central Bank also included another broker under the management of Inure Consulting LTD, named RubyFinance, in the list. Despite the negative reviews, the company continues its operations, although this practice is illegal. A broker without a license and with a warning about unscrupulous activities has no right to operate and serve clients.
Trading Conditions of Gravity Trade
Customers are offered trading in various assets: currencies, indices, metals, commodities, and stocks. The choice of trading platform is MetaTrader 5. Only three types of trading accounts are available, with insignificant differences between them.
It is noteworthy that there is high leverage and a bonus ranging from 30 to 50% of the deposited amount. It is important to remember that regulators recommend setting leverage not exceeding 1:50, and providing bonuses may be considered fraudulent behavior.
Traders’ Reviews on Gravity Trade
Comments from users about their cooperation with Gravity Trade are already appearing on the internet.
There are also reviews from traders in Spain who have suffered losses by trusting the dubious company Gravity Trade.
Clients express their displeasure: “I have had a negative experience because I cannot withdraw my funds. I do not recommend working with scammers; all funds are lost, and I confirm.”
Another opinion states: “I need consultation about Gravity Trade because I invested funds, but now they are asking me to pay fees for the return of funds. The account is blocked because of my attempts to withdraw funds.”
Trader Deception Schemes in Gravity Trade
Reviews suggest that scammers attract clients with promises but then do not allow them to withdraw funds, demanding additional payments. To refund their own deposit, taxes are required, which is illegal since only the tax service has the right to make such requests. The same applies to insurance contributions, fees, and commissions – all are designed to extract additional profit.
Earning profits from trades is impossible because trading takes place only on Gravity Trade’s internal server. Scammers do not transfer funds to the market and instead move money directly to their account, providing traders with access to a virtual account.
Dirty Scheme of Gravity Trade
Gravity Trade is just one of many projects of the fraudsters at Inure Consulting LTD. The company has gathered a huge number of negative reviews and received a warning from the Central Bank. Perhaps this financial pyramid scheme will be shut down soon, but a new one will take its place, so it is important to carefully check every detail and work exclusively with licensed companies.
