Does Garafi CFD broker pay or not: review and client feedback.
Garafi Scam: The Ultimate Fail
As in every gruesome scenario, one-day companies attack inexperienced traders like a pack of hungry vultures, trying to snatch the prey. Garafi is a true crossroads for fraudulent schemes. This offshore announcement has gathered professional scammers under one roof, constantly breeding the idea of the same project that “inflates” and bursts just after a few months.
Where does such indifference of potential victims to messages of deception and obvious legal discrepancies come from? Let’s try to understand this story.
Insights on Garafi
In the “Who We Are” tab, all the typical clichés: endless stories of 4 successful years, littered with statistics (the broker supposedly attracted around 150,000 users) and a poorly composed project map. It is easy to see that swindlers bought the domain in late 2020 and turned it into the birthplace of fraud. This is evidenced by customer reviews that have only recently surfaced.
It turns out that on the website it is stated that the main characters of the review seemingly reside at 135 Alejo Beni Street, Belize City. And their brand is licensed by three financial regulators. These fictions that Garafi has a bunch of certificates are manipulated by scammers across all their fake platforms, including: VMC Global, CXAGroup, FxAmo, Mora Global, Avex Capital, and others.
They supposedly attract attention from:
- Cyprus Securities and Exchange Commission (registration number – 791/000).
- Belize International Financial Services Commission (14/67/LP/11).
- Financial Services Commission of the Republic of Mauritius (C09457712).
As practice shows, Garafi has no conscience or legal permissions. The mentioned supervisory authorities did not certify Garafi with any documents, so we are facing a typical bubble that is about to deflect hits from negative reviews.
Still hoping for the integrity of the fraud administration? Then do not overlook the “User Agreement”.
From this document, it becomes clear that all possible disputes are resolved under the laws of the Republic of Vanuatu. The question arises: why fake registrations in Belize?
But that’s not all. Are you ready to be deprived of the account balance as compensation for the insufficient number of trades executed by the trader? And the miracle happens: “insufficient number” is easily defined by cunning scammers.
Detailed Look at Garafi’s Offerings
The deceptive Garafi offers clients an alternative by choosing one of 3 types of accounts:
- “Standart”,
- “Premier”,
- “Professional”.
The scammers have set a high entry barrier. A minimum of $1,000 is required for the initial deposit. Quite a lot for a mediocre branch that is already heavily criticized.
The conditions offered by Garafi were copied from previous scams: leverage of 1:100, deposit guarantees, a personal consultant who turns all euros to dust, and instant transaction execution.
Talks about Garafi
The scammers took a risk and refused to pay for meager reviews, so Garafi’s reputation is presented with blemishes.
Garafi tries to reap the last fruits from the most naive and maintain its image, but soon the rainbow will step on its thoughtless place, and clients will finally recognize the villains.
Garafi’s Blatant Deception
It all starts with a mundane beginning: a charming feminine tone informs the victim that ahead lies a sea of opportunities but demands a confirmation of at least $150 in the account. If the client agrees to this, they are immediately registered on the site, and an analyst calls the next day to talk about the dropping funds.
However, one can only get them by having $1,000 on the account. The specialist assures that the trader can earn $800 in the first trading week. Doubtful at best. Want profit but don’t have money for the initial deposit? Take out loans and fatten the pockets of Garafi managers.
As soon as Garafi scammers doubt the financial profitability of the investor, the consultant rushes in and offers zero assistance, thereby ensuring a fall in the pledge.
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Conclusion on the Bewildered Broker Garafi
In ignorance and risk — that’s what drives such companies, whose enthusiasm fades only on the idea of enriching themselves with other people’s funds. If you don’t want to be an object for Garafi, think carefully before investing your money!