Is GFBroker a scam or a legit broker?

GFBroker is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade GFBroker. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

About GFBroker
🗺️ Registered inVanuatu
🗺️ Type of LicenseOffshore License
🛡️ Is GFBroker safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

GFBroker is a Forex and CFD broker that offers a variety of assets on its platform gfbroker.com.

The company is managed and operated by International WEB Brokers Limited, regulated under Dealers in Securities Act by VFSC (Vanuatu Financial Services Commission) in Vanuatu.

Vanuatu is a popular destination for forex brokers, as it has low taxes policies and the business registration process is simple. Also, the company was banned by Spain’s regulator CNMV.

We recommend traders to avoid offshore-registered brokers as there are a lot of scams among them.

It is safer to deal with the brokers, authorized and regulated by reliable regulators, such as UK’s Financial Conduct Authority (FCA), and to check the list of the FCA-regulated entities to ensure they are.

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

Yet, it is always great to hear your personal opinion about GFBroker. So you may share your experience or thoughts or discuss them below or ask us for additional information.

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