deposit:
- $100
Trading platform:
- MetaTrader5
GIFX PRIME Review 2024
Summary of GIFX PRIME Trading Company
GIFX PRIME is a broker registered in Saint Vincent and the Grenadines under the number 1100 LLC 2021, according to the information provided on its website. The broker has been providing services since 2008 and claims to offer favorable trading conditions. Over 100 financial instruments are available for trading, including currencies and cryptocurrencies, stocks, global indices, and commodities.
Spreads on standard accounts start from 1.2 pips, and on professional accounts, they start from 0.8 pips. However, clients complain that the actual figures are much higher. Traders who have worked with this broker often mention in their reviews that the information on the website regarding trading conditions is incorrect. Many users also complain about problems with withdrawals. Clients who have lost their money claim that this broker's operations are focused on attracting investments with the intention of not returning funds and enriching themselves through fraudulent schemes.
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Trading Conditions for GIFX PRIME Users
💻 Trading platform: | MetaTrader 5 |
---|---|
📊 Accounts: | No |
💰 Account currency: | No |
💵 Replenishment / Withdrawal: | No |
🚀 Minimum deposit: | $100 |
⚖️ Leverage: | up to 1:1000 depending on the instrument |
💼 PAMM-accounts: | No |
📈️ Min Order: | No |
💱 Spread: | from 1.2 pips on Mini accounts, from 1 pips on Classic account, and from 0.8 pips on Premium Account |
🔧 Instruments: | No |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | No |
➕ Affiliate program: | No |
📋 Orders execution: | No |
⭐ Trading features: | No |
🎁 Contests and bonuses: | No |
Contacts
Registration address | Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines |
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has GIFX PRIME been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against GIFX PRIME by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of GIFX PRIME is down, not updated or operates with clear errors and some features are not available;
• GIFX PRIME has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if GIFX PRIME got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why GIFX PRIME got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from GIFX PRIME?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if GIFX PRIME is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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