GreatFXPro Review: Scam or Legit Broker? greatfxpro.com is a forex and cfd broker that offers trading in a huge range of assets spanning commodities, indices, stocks, currency pairs and cryptocurrencies. According to the information gathered, this broker is allegedly owned and operated by Clixads Ltd., a company registered offshore, on the Marshall Islands.
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GREATFXPRO TRADING PLATFORM
This broker claims to use the Metatrader4 platform.
DEPOSIT AND WITHDRAWAL METHODS
This broker accepts Visa, MasterCard, wire transfer, as well as e-wallets such as Neteller and Skrill. Greatfxpro demands an initial deposit of $500 for the most basic account type
IS GREATFXPRO LICENSED?
NO! Greatfxpro broker is not licensed, though they claim so. The truth is that no regulatory body is acting as a watchdog overseeing that they comply with best practices in the financial market.
This broker does not offer support to its traders.
Greatfxpro is an unregulated broker, this is a source of major concern. We are convinced that greatfxpro.com is run by a bunch of scammers, this is why they are anonymous. The way these scammers work is simple- First, they make Marshall Island their location because it is very liberal laws regarding the registering of companies.After sharing your personal information, you will begin receiving calls from brokers, compelling you to invest with them and win big. After hearing their sale pitches, you become convinced to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit. That is not how to become a broker. Not how real brokers work.
OUR VERDICT- GREATFXPRO IS A SCAM!
Though the website looks legit and might entice unsuspecting traders, the truth is that the platform was designed in such a way that it would easily scam people into believing they are the real deal. Below are other reasons why Greatfxpro broker is not worth your time or money;
- They claim that they use the Metatrader4 platform but when we tried downloading it, we discovered it is highly unstable which is bad news for any trader.
- No registration documents to prove they are regulated by a financial body.
- They claim Greatfxpro is owned by the company Clixadas LTD. When we did our investigations, we came up with absolutely nothing about the company.
- No Live Chat. There is no way you can reach them
When trading forex, cfd and cryptocurrency we always recommend you use a regulated broker that is licensed to trade financial instruments.
COMPARE WITH A TRUSTED BROKER
ETORO has registered addresses in London United Kingdom, Tel Aviv, Limassol, Australia and USA. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. eTORO has the best social trading platform in the forex industry where you could copy the trades of successful traders. You could also earn additionally if your trades are copied. ETORO is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, NBRB in Belarus and ASIC in Australia, which makes client funds safe. They accept traders worldwide..visit their official website