Do you want to trade on GatesBridge.com? Here is what you must know about this broker. See reviews to find all about it. This post promises to share helpful review to support users/traders in making the right decision.
What is GatesBridge?
GatesBridge is an offshore brokerage company with a lot of promises for traders. The broker shows different contact addresses namely United Kingdom and Australia.
What is more, the broker offers different account packages such as Pure, Plain, Proficient, Polished and Veteran.
Added, it trades on the following instruments like forex, stocks, commodities, crypto, bonds and indices.
To clarify, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
Withdrawal and Deposit
Withdrawal process:
GatesBridge is indicating 7 to 10 days working days with 1% withdrawal fee on any withdrawal request.
GatesBridge Minimum Deposit:
GatesBridge minimum deposit is stated $250.
As for the payment methods, the broker mentions different options. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
GatesBridge Platform:
GatesBridge offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.
As for the leverage, it can get up to 1:400. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? 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, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Why GatesBridge.com Broker Is Suspicious
First of, GatesBridge com has no financial authority overseeing its financial services despite claim of being located in the UK. We discover the broker is not authorized by Financial Conduct Authority (FCA) UK.
Another red flag we noticed in this broker is that there is no demo account for traders. If traders can’t test the broker on a free account, how then can we know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
GatesBridge Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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
Bottom Line:
Here, GatesBridge claims to be a genuine trading broker is not legit. From indications, we would advise traders to steer clear from this broker. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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