Gembite Broker: company reviews and trading conditions

• Categories: CFD-Brokers

Investment opportunities of Gembite company

Do you want to learn about the world of trading and investments? Gembite company provides such an opportunity for all interested people around the globe. Here you can earn good money thanks to a wide selection of trading assets, simple registration, a user-friendly application, and other advantages. However, in our time, it is important to be extremely attentive and verify all information, documents, and reviews about the broker. This is exactly what we will do in this review. Read on to assess the reliability of Gembite company.

Description of the Gembite website

The gembite.com website was registered by its creators in 2017, but the update of the resource took place only in 2021. The quality of the content leaves much to be desired, and a large part of the information is presented in template expressions. The site does not contain educational materials and does not provide channels for communicating with the audience through social networks, which is extremely strange for a company claiming to have a 4-year experience in the market. There is also no information about reviews or client stories. In addition, the “Contacts” section is limited to indicating an address in Oslo, a phone number of a Norwegian operator, and a form for a call back request. All this seems insufficient for a company planning to open offices in different countries.

The address specified as the company’s location is not found on Google maps, not even in the capital of Norway. Presumably, this address is either fictional or contains an error, making it impossible to search for it. Such a situation is unacceptable for a financial organization that users trust with their financial resources. Also, there is no confirmation of registration in Oslo, emphasizing the unreliability of the information. The “User Agreement” states that all disputes must be resolved in accordance with the legislation of the Republic of Vanuatu, which raises additional questions.

Broker’s documents and licenses

According to the “Accreditations and licenses” section, the company claims to be registered and licensed to operate in Saint Vincent and the Grenadines. However, the license does not correspond to statements about registration in Oslo and permissions to resolve disputes according to Vanuatu legislation. According to the information, Saint Vincent and the Grenadines stopped issuing licenses to brokers as early as March 2018.

Furthermore, the date of registration of the Gembite company’s license is significant, indicating falsification. Additional checks have confirmed suspicions and proved the absence of the broker’s registration in regulatory authorities. Various other documents presented on the site have also been identified as fraudulent. As a result, no financial regulator in the world controls the activities of Gembite company.

Broker’s offers and conditions

Users can start trading in Gembite with just $150. A leverage of 1:100 can help beginners earn with a minimal deposit, however, in case of failure, such high leverage can lead to rapid loss of funds. For “Gold” and “Platinum” accounts, the company offers leverage of up to 1:500, which significantly exceeds the recommended standards.

Reviews and reputation

Despite the company’s claims to have 150,000 traders worldwide, there are virtually no reviews online about Gembite. This raises suspicions of fake activity or just starting promotion. Scam schemes can lead to a quick loss of deposit and account blockage without the possibility of recovery.

Conclusion

As a result of the conducted review, we have established that Gembite company does not have the necessary license to provide brokerage services, provides inaccurate information about its status and activities, and also posts fake documents on its website. The lack of real reviews and confirmations of successful cooperation hints that registration and use of this broker’s services are not recommended due to the risk of fund loss.