What is GX Says: review of terms, reviews
Investing in online trading is a responsible decision that requires careful consideration. The GX Says website claims the simplicity of this process, but the reality of trading in financial markets is closely associated with risks. According to statistics, around 90% of traders lose their funds, partly due to the actions of fraudulent companies. Before making investment decisions, it is recommended to review opinions on forums and conduct a detailed analysis. Our team will conduct an expert review to understand the actual situation.
What does the GX Says company represent?
The GX Says company, according to its statements, has been operating in the market for 4 years and can boast of the following results:
- 110,000 open accounts,
- 150+ available trading instruments,
- Total trading volume of $50 million daily,
- 385,000 trades daily.
However, it is worth considering why such a popular and advanced company has no reviews. The lack of information about GX Says on social networks, independent forums, and even on the broker’s own website raises certain doubts. Upon investigation, we found that the domain gxsays.com was registered in 2015, contradicting the company’s declared age. Furthermore, an analysis of the web archive yielded no results, indicating that the site was inactive for a long time.
Additionally, attention should be paid to the registration of the updated version of the site in November 2020. Apparently, it was at that time that the site was acquired by scammers. The fact that there is no traffic data for gxsays.com in March on similarweb.com confirms that we are dealing with a new project that has been operational for only a few weeks!
What services does GX Says offer?
The GX Says company promises access to 150+ trading instruments, including major currencies, stocks, commodities, indices, and metals. The platform lacks a demo account, indicating a desire to promptly accept deposits. Trades are executed through a proprietary terminal, which could contribute to creating an illusion of successful trading as long as it benefits the scammers.
The company offers 3 types of accounts:
- “Gold” with a minimum deposit of $1,000 and leverage of 1:20,
- “Platinum” with a deposit of $25,000, leverage of 1:50, a personal PAMM account, and other benefits,
- “Diamond” with a deposit of $50,000, a personal manager, and a credit leverage of 1:100.
However, there are no reviews confirming the possibility of fund withdrawals.
Reviews about GX Says
Given the limited operating period of the GX Says company, there are currently no reviews about it. However, caution is advised as many traders may face significant financial losses. If you have your thoughts on the discussed company, we invite you to leave your review below our material.
What risks are associated with GX Says?
The GX Says company employs a carefully crafted fraudulent scheme, targeting novices and offering services without proper transparency. By using a manipulated terminal, fraudsters can create the illusion of successful trading, attracting clients. However, once the client’s money lands in the scammers’ pockets, it will be too late. GX Says may block the account, accusing the client of fraudulent activities.
Review Summary
Our conclusion: GX Says deserves a place on the list of unscrupulous brokers. The company’s questionable actions, lack of necessary licenses and documents indicate that cooperation with them could lead to financial losses.
I had a highly unpleasant experience with GX Says. Firstly, the customer support was nothing less than pathetic. I had to wait for hours just to get through to them and still, the query was not resolved. Their trading platform was filled with bugs and glitches, causing trouble during trading hours. The fees are way too high compared to other brokers, and their hidden charges are absurd. On top of everything, the terms and conditions are complicated and are not clearly defined. It felt like a total misrepresentation of what they advertised. Overall, I would highly recommend looking somewhere else for reliable and hassle-free trading.