Getco Pro Review

Is Getco Pro Scam or Legit Broker?

Getco Pro has been suspected as a scam broker. This broker is blacklisted by a well-known regulatory authority and should be avoided. Getco Pro broker is a Non-Regulated Broker. It is NOT SAFE to trade with this company. We have checked the company and there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

What is Getco Pro?

Getco Pro is a Forex, CFDs, and cryptocurrencies broker. The entity is a brand name owned and operated by Andreas F Bauer, an Austrian Investment firm. They claim to be licensed and regulated by the Dutch Authority for Financial markets (AMF), under license number 12042561.

• They also provide information about the offices that are located in London, the UK with the British contact number.
  The confusing part is that the Austrian firm is regulated by a Dutch regulator and located in the UK. There is an actual investment firm Andreas F Bauer located in Austria and regulated by the Dutch AMF, but this name has nothing to do with Getco Pro and there is no evidence of these two companies being connected. Seems like Getco Pro just uses the name of the regulated firm to get traders' trust.
• Moreover, the brokerage Getco Pro has been blacklisted by the Austrian regulator FMA (Financial Market Authority):
  "Getco Pro is not entitled to carry out banking transactions in Austria that require a license. The provider is therefore not permitted to trade in financial futures contracts (futures) on its own account or on the account of others..."

Getco Pro Review Conclusion

Investing with a properly regulated broker is crucial for the safety of any investment. There are few well-respected institutions that enforce strict regulatory standards upon all brokers in their jurisdiction, such as FCA in the UK, ASIC in Australia, or CySEC in Cyprus. Check out a list of brokers authorized by FCA. Traders should trade with well-regulated brokers such as Eightcap and BlackBull Markets.

Getco Pro Update

Our findings showed that Getco Pro is no longer active. The broker’s website is unavailable to reach. Besides, there is no evidence of whether the broker operates or not. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations.