Gfxroyal Review: Gfxroyal.com Forex Scam Revealed

Gfxroyal (Gfxroyal.com) is another damning CFDs, Cryptocurrency, and Forex platform to hit the trading world. GFX Royal is claiming to put trading power into your hands which is a total lie. This platform is professing to offer margin of 1:5 and a personal consultant to help with trading. Members are crying foul after having their accounts blocked for no apparent reason. Read this genuine GFXROYAL Review for more eye-catching details.

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Gfxroyal Review

With members already angry with the turn of events, this platform has ripped off from hundreds. Unsuspecting investors are enticed by their marketing materials as well as over the moon claims. These scam artists are luring investors to sign up with the hope of making easy and quick money. Thanks to our years of investing and trading experience, we know how to spot a scam from a mile away. Make sure to stay away from GFX Royal as it is a proven online investment scam platform.

Professional scam artists will do anything in their power to entice users into signing up. Gfxroyal is cloning a real trading website and using the information to fool investors. A closer look at the website reveals some damning features that the naked eye can’t see. You have to have experience in online trading to notice some of the mistakes with the website. Read this entire review as we hope to expose these online scam artists. Keeping the trading world clean and safe is our duty.

About Gfxroyal

Capital Letter Ltd is the company which is listed as the owner of this company. A closer look at the website reveals some misinformation regarding their mother company. According to the disclaimer at the footer of their homepage, Capital Letter GmbH is located in Hamburg. They also claim Capital Letter Ltd is located in Marshall Islands. These are two completely different companies. What these scam artists are trying to conceal is that they are actually offshore brokers.

Anonymity is another issue we must raise with this illicit platform. No one knows the names of the founding members of this platform. Who are the people running the website? With Gfx Royal, no broker has come out and claimed to be an associate of this platform. Gfxroyal is another anonymous website which is stealing from anyone who signs up. Dealing with such illicit platforms is nothing short of throwing away your money. The best option is to ignore this platform and choose better alternatives.

Is Gfxroyal licensed or registered?

With a platform that claims to be based in the Marshall Islands, regulation is not to be expected. And we checked with various bodies to confirm whether the platform is licensed to operate Forex services. Before we contacted the authorities, we had to ensure the mother company is reputable. A look at various company register revealed no company is registered under this name. The same also was the case with regulatory bodies that have never licensed or regulated this platform.

Some of the official bodies we contacted include ASIC, CONSOB, CySEC, FCA, and FSA. None of these bodies has ever licensed or regulated Gfxroyal. And why has the platform failed to give users matching documents of their license certificates? A real trading platform will post copies of their license certificates for all to see. These are some of the reasons why you need to stay away from this platform.

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Advantages of Gfxroyal

We could not come up with any advantages of signing up with this illicit platform. Gfxroyal is anonymous which makes recovering funds impossible. With numerous complaints from members all over the world, this is certainly a lousy platform. Investors should stay away from this platform as it will leave them broke and miserable.

Disadvantages of Gfxroyal

Account types

Gfxroyal is furnishing users with five account types to choose from. Accounts are listed as Explorer, Basic, Silver, Gold, and Platinum. Explorer is the basic account and investors must deposit $500. The problem with this statement is that these accounts have the same trading features. Welcome bonus on each account is a trap to lure investors to deposit more funds.

Customer support

Another disturbing feature with Gfxroyal is failing to offer members a live chat support team. You would expect with today’s advance technology, brokers should be available 24/7. The problem with Gfxroyal is having no live chat support. Instead, users are to use emails and a phone number which is always busy. The problem with emails is they take long to get a definitive answer. Phone number listed is busy and when it goes through, no one picks it.

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Deposit and withdrawal

According to the deposit and withdrawal page, users only use bank transfer as the channel for funding. What we have come to learn is that Gfxroyal is using a personal account number to act as a depository agent. This is why users are never able to withdraw funds. The owners are adamant they will never allow members to withdraw funds as this is a scam.

Trading platform

Gfx royal is using a web-based trading platform as their preferred tool of trade. What we noticed odd with their trading platform is lack of proper security features. Without DDoS protection and SSL Encryption, hackers can easily stage a heist. Make sure to stay away from this platform as it is a front for offshore scam artists. No trading activities are going on as the platform is borrowing trading charts from real platforms.

Safety of funds with Gfxroyal

How can funds be safe with a platform whose credibility is wanting? Users are depositing funds in a personal bank account which is against set industry regulations. Stay away from this platform as it is a pyramid scheme helping the scam artists. These are mere offshore thieves who are targeting unsuspecting European investors. Steer clear from any of their promotional materials.

Scam or legit

Evidence is pointing to the fact that Gfxroyal is a scam which must be exposed. Mark all their emails as spam and never click on any links sent by their email marketing team. Warn your family and friends from signing up with this platform. Their affiliate programs are a way of making you bring in more victims to their operations. You will not get a penny from these scam artists. Gfx Royal is another bane platform which is stealing from unsuspecting online investors.

Bottom line

We will be adding this platform to our scam blacklist and ensure no one else falls for this trap.

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Wishing you a successful trading experience.