FXGT.com brokerage MT5 trading company is the island country license, with no guarantee of funds.
Poison Tongue Jun recently surfed on the Internet and saw a brokerage fxgt.com, and found on his official website to promote the activities about giving money!For example, loyal bonuses and bonuses can actually be reset with "loyalty"!Promise to 48%of the $ 10,000 of automatic locking and unlocking 10,000 US dollars within 25 hours?IntersectionThis is bound to be another activity of gold temptation!So let's check this broker fxgt.com today
1. There are many licenses supervision issues
FXGT.com's official website describes four companies with regulatory licenses.
360DegreesmarketsLTD is permitted and regulated by the Seychel Financial Services Authority (FSA).
Gtiomarkets (PTY) LTD is an authorized FSP, FSP number 48896, which is supervised by the South African Financial Department's Behavior Regulatory Bureau.
GTGLOBALMARKETSLTD is permitted and regulated by the Vanuatu Financial Services Committee (VFSC).
The Tecinternational (Cyprus) LTD is permitted and regulated by Cyrus Securities Trading Commission (CYSEC), with a license number of 382/20.
1. Seychelles 360DegreeSmarketsLtd license
Poisonous tongue king on the official website of Seychelles (FSA) found a license named 360DegreesmarketsLtd, which does exist.
Because it is easier to register a company in Seychelles, some speculators or bad financial institutions may also abuse such licenses for illegal activities.So this requires companies to hold licenses to consciously abide by local laws and regulations, but if the broker is conscious, will there still be unable to go out, run away, and capital?
And some brokerage companies will set up branches in offshore supervision areas and stay away from their own supervision. These branches can run independently to solicit customers in more regions.The situation in the offshore island country!
FXGT.com The company that traded on MT5 is also 360DegreesmarketsLtd. Combined with what mentioned above, the supervision of the island national license is not high.Provide their customers with fund compensation plans.
So try to stay away from the licenses of offshore supervision to avoid unnecessary losses.
2. Gtiomarkets (PTY) LTD license
Gtiomarkets (PTY) LTD South African license belongs to category one. The so -called category is that financial service providers can only provide suggestions or intermediary services on related sub -categories of financial products.This license is not used for trading, it can only be used as an intermediary or provides suggestions!
Poison Tongue Jun found that fxgt.com is useful for this license to trade, and use this photo to trade. Not only is the platform suspected of over -limit operation, but investor funds cannot be regulated.Back to funds.
3. Vanuatu GTGLOBALMARKETSLTD license
Poisonous Tongue Jun found GTGLOBALMARKETSLTD at the Vanuatu Financial Services Committee, which did have this license.
Wanuatu's regulatory agency lacks information transparency, and it is difficult for investors to obtain detailed information about securities firms and regulators.And there is no compulsory implementation of strict risk management regulations, which makes it risks in the aspects of separation of customer funds in securities firms!
4. TECINTERNAL (Cyprus) LTD license
Tecinternational (Cyprus) LTD has a Cyprus license, but it does not say that serving China, no guarantee for Chinese customers' funds, and Chinese customers are not regulated.
Second, ultra -high proportional leverage
FXGT.com's maximum leverage reached 1: 1000, which is a very high leverage.
The risks brought by high leverage mainly include the following aspects:
1 Losses expand: The role of leverage is to enlarge profit and loss. When the transaction loses, high leverage will lead to expansion of losses, and may even cause accounts.
2 Fund deficit: High leverage may cause account funds to be insufficient to maintain positions, trigger forced liquidation, and cause funds to be blank.
Emotional impact: Under high leverage, market fluctuations may have great emotional pressure on investors and affect transaction decisions.
Therefore, everyone should ban the temptation not to invest blindly, try to choose lower leverage for transactions, so as not to let you lose all the time when there is a loss.
It sets such a high leverage to eat customer damage. The transaction also chooses to conduct a supervision company that is not good for Chinese customers. FXGT.com really wrote the calculation on the face!
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