GSFX Review

Is GSFX Scam or Legit Broker?

No, GSFX is not safe to trade with. The company is not regulated by any of the authorities, although it tries to represent itself as a well-regulated broker by top-tier authorities. 

What is GSFX?

GSFX is an online trading provider and retail broker, which claims its registration and popularity in the UK, as well as one of the top European companies, while the operation is established according to its FCA license. While the broker website is mainly presented in Chinese, thus diverted to the Asia region, the website also serves an English version, which means the company targets worldwide traders.

• However, the main concern and truth are that the broker is neither registered by the FCA (Financial Conduct Authority) nor is allegedly located in the UK. Actually, this is a serious issue, as the company points out absolute false information and claims fake legitimate status. None of the serious firms and trustful financial service providers will allow such abuse, but for non-regulated, scam companies it is typical behavior.

• The primary issue of any non-regulated entity is to formulate an attractive offering, get clients' deposits, and manipulated the clients and their funds so the trader will never see his funds again.

GSFX Review Conclusion

We always put a question, why involve yourself in the highest risk while trading or engaging with a non-authorized entity? We recommend choosing among truly regulated FCA Forex Brokers or companies with similar reputable registration, as this will provide safety and reliable trading environment. Traders should trade with well-regulated brokers such as UK brokers or Brokers in Australia and reliable brokers such as FBS and BlackBull Markets.

GSFX Update

Based on our findings, the GSFX website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.