GWT Capital Review Is Gwt-Capital.com A Legit Broker Or Scam

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

GWT CAPITAL review – Is gwt-capital.com scam or good forex broker?

On first sight GWT CAPITAL may leave potential clients with the impression that they are a crypto currency exchange, instead of a CFD broker, with a focus on the crypt market, which in reality they are. In the bottom of their home page you can even see the logos of popular crypto exchanges like Binance, CoinEx and Kraken, and nowhere in their presentation do they mention CFDs, which stands for ‘Contract-for-difference’ – the kind of trading instruments most brokers offer, where you bet on the price change of a underlying asset, instead of buying the actual asset.

On top of that GWT CAPITAL boost that they are “one of the European leaders in online crypto currency trading”, but that is not their biggest problem. As it turned out GWT CAPITAL is an anonymous, unregulated website, so if you are thinking about trading with them be sure to read this review first.

Account type Min. deposit Max. leverage Spread s
Standard Account n/a 1:300 n/a

GWT CAPITAL Advantages:

Leverage as high as 1:300

GWT CAPITAL say to be offering their clients leverage as high as 1:300 and that is great, except for the fact that such leverage levels are prohibited on regulated markets like Europe, the US, Canada or Japan.

Actually, the only place where traders can still enjoy trading with virtually unlimited leverage with a regulated broker is Australia, so here you may check our list of brokers regulated by the Australian Securities and Investments Commission (ASIC):

Anonymous website, no license

GWT CAPITAL claims to have offices in London and Paris, but we were not able to verify this. On top of that their web site turned out to be virtually anonymous – we do not have an idea, what is the name of the company that runs the broker, nor where it is based.

Our practice shows that most probably we are dealing with an offshore firm based on the Marshall Islands or St. Vincent and the Grenadines – two of the favorite destinations for scammers and shady brokers in general.

And besides, if GWT CAPITAL do want to target customers in the UK or the rest of EU, like for example France (GWT CAPITAL website is translated in French), they have to hold a legit license by an official EU regulator, such as the Financial Conduct Authority (FCA) in the UK, the Autorité des Marchés Financiers (AMF) or the Cyprus Securities and Exchange Commission (CySEC).

Unfortunately GWT CAPITAL is not regulated anywhere and that makes depositing funds with them extremely risky – unregulated brokers, especially anonymous, offshore ones are completely unaccountable for the way they handle your money.

With a properly regulated broker in the EU or the UK on the other hand, your funds will even be insured by a special client compensation fund. With FCA brokers for example you will receive up to 85 000 GBP of your money even in the unlikely event you broker files for bankruptcy. So here you may check as well our list of brokers regulated in the UK:

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

To us GWT CAPITAL is a typical scam website – it is anonymous – we do not know, who runs the website, and unsurprisingly they are not regulated. As we already discussed regulation is the single most important factor forth safety of your funds, so here we will repeat our usual advise to trade only with properly regulated brokers, licensed and authorized by such respectable institutions as the FCA in the UK, AMF in France, CySEC in Cyprus or ASIC in Australia.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

GWT Capital Review: Is Gwt-Capital.com A Legit Broker Or Scam?

GWT-Capital.com Review: The GWT Capital forex broker is another brokerage with questionable origins. The only clear message about the broker on gwt-capital.com is that it claims to have offices in London and Paris. There is no mention of a parent company to ascertain if it is licensed or not.

HAVE YOU BEEN SCAMMED? If you have lost your money to online scammers, there is an opportunity you could get back your money.

Click HERE to start the recovery process

A search on the internet revealed that Google is not allowed to “read the page”. Whatever that means, it only points to privacy, which is not a good sign. GWT Capital splashes logos of Bitcoin and Currencies on their official page. They try to pass themselves as brokers who offer crypto exchange but they are not convincing enough.

GWT Capital Trading Platform

It is discovered that the GWT Capital Trading Software uses a web-based platform for trading. This is not a good thing as more popular brokers offer the MT4 platform because of its many advantages. Although a demo account option is found on the website, it proved impossible to register for one. This also shows that the broker is trying to hide something.

The leverage offered by this broker is 1:300 and since the demo account does not work, the spread cannot be determined. Trading products that are offered are CFDs on forex pairs, shares, indices, commodities, and precious metals. Also, GWT Capital claims to offer up to 200 or more different crypto currencies. For a dodgy website to claim this is simply unbelievable.

Deposit and Withdrawal Methods

The lack of any information on how deposits should be made goes to further taint the image of GWT Capital. Withdrawal fees are not indicated as well. The website generally only displays colorful images and nothing really worth noting.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is GWT Capital Licensed?

No. The GWT Capital broker holds no trading license. This means that it is not under any regulated body and misappropriation of funds cannot be questioned by authorities.

Support

To contact a customer care representative, call: +442037709964 (UK) and +0971082065 (France) or email: [email protected]

Conclusion

It will be a risky endeavor to invest with GWT Capitals because their website looks unprofessional. There is too much information lacking. Although it gives a generous leverage and variety of trading products, these could just be tactics to lure traders in. It falls under no regulatory body as well.

After all the facts are laid out, it goes to show that the broker is either a scam or untidy. Both scenarios are not encouraging signs of a legit broker.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Checking your browser before accessing scamrecovery.net.

This process is automatic. Your browser will redirect to your requested content shortly.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Like this post? Please share to your friends:
Guide How To Become Binary Options Trader
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: