FOREX

GWT Capital Review: Is Gwt-Capital.com A Legit Broker Or Scam?

GWT-Capital.com Review: The GWT Capital forex broker is another brokerage with questionable origins. The only clear message about the broker on gwt-capital.com is that it claims to have offices in London and Paris. There is no mention of a parent company to ascertain if it is licensed or not.

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A search on the internet revealed that Google is not allowed to “read the page”. Whatever that means, it only points to privacy, which is not a good sign. GWT Capital splashes logos of Bitcoin and Currencies on their official page. They try to pass themselves as brokers who offer crypto exchange but they are not convincing enough.

GWT Capital Trading Platform

It is discovered that the GWT Capital Trading Software uses a web-based platform for trading. This is not a good thing as more popular brokers offer the MT4 platform because of its many advantages. Although a demo account option is found on the website, it proved impossible to register for one. This also shows that the broker is trying to hide something.

The leverage offered by this broker is 1:300 and since the demo account does not work, the spread cannot be determined. Trading products that are offered are CFDs on forex pairs, shares, indices, commodities, and precious metals. Also, GWT Capital claims to offer up to 200 or more different crypto currencies. For a dodgy website to claim this is simply unbelievable.

Deposit and Withdrawal Methods

The lack of any information on how deposits should be made goes to further taint the image of GWT Capital. Withdrawal fees are not indicated as well. The website generally only displays colorful images and nothing really worth noting.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is GWT Capital Licensed?

No. The GWT Capital broker holds no trading license. This means that it is not under any regulated body and misappropriation of funds cannot be questioned by authorities.

Support

To contact a customer care representative, call: +442037709964 (UK) and +0971082065 (France) or email: contact@gwt-capital.com

Conclusion

It will be a risky endeavor to invest with GWT Capitals because their website looks unprofessional. There is too much information lacking. Although it gives a generous leverage and variety of trading products, these could just be tactics to lure traders in. It falls under no regulatory body as well.

After all the facts are laid out, it goes to show that the broker is either a scam or untidy. Both scenarios are not encouraging signs of a legit broker.

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

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GWT Capital
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