Gtradex: broker reliability and fairness check

In the world of brokerage services, there is an abundance of companies, each of which advertises itself as the best and most reliable intermediary. Today we will examine Gtradex, a broker with offices in leading financial centers and a client base of half a million, and analyze how justified the claims of this operator are.

Company overview

The Gtradex website looks of poor quality, unprofessional, and does not meet the standards of a professional brokerage platform. Sections on the site, such as “Legal Entities,” “Help Center,” and “News,” are extremely underdeveloped.

The lack of information about the company’s registration, location, and founding date, despite loud claims of presence in different countries and the number of employees, raises serious doubts. The absence of key details even in the “User Agreement” indicates an unserious approach.

Information from the Whois database indicates the domain was registered in 2021, suggesting the company’s youth and lack of trust.

Licenses and regulation

The absence of the company’s address hinders verification of its status and licensing. However, Gtradex’s absence from the Central Bank of Russia’s registry indicates the illegality of the services provided and the risks associated with working with this intermediary.

Trading conditions

During registration, the user can choose the type of trading account with a minimum deposit of 250 euros and leverage from 1:80 to 1:500. Withdrawal conditions remain unknown, and descriptions of “the use of advanced technologies” and the “availability of a trained team of lawyers” seem nonsensical.

Exchange assets, including currencies, indices, commodities, stocks, and cryptocurrencies, are offered for trading. However, the use of digital assets is not recommended due to their untraceability and irreversibility.

User reviews

There are no reviews about Gtradex, indicating the broker’s low popularity and potential unethical business practices.

Fraud scheme

The deception methods employed by Gtradex aim to attract clients with false promises and hold clients’ funds in scammers’ accounts without the possibility of withdrawal.

Clients face account blockages when requesting withdrawals and find themselves in a dire situation as contacting the company is practically impossible.

Recommendations

Given the above, interacting with Gtradex is highly discouraged. Protect your finances and choose reputable brokers who have established themselves in the market.