Is Gulf FX a regulated forex broker or a scam?

According to our research, Gulf FX broker is 100% fraud company. It is NOT SAFE to trade with this company. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

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

Gulf FX is owned by the Golf Fx EOOD. The comapany claims to be registered by the Financial Supervision Commission in Bulgaria, but there are no records about it on the regulators website. The company provides two phone numbers with UK’s and Bahrain’s country code, although it is not registered in any of those countries. Gulf FX is also in the warning list of the Hong Kong’s SFC for targeting residents without being authorized in the country. In order to get the license from Hong Kong’s SFC (The Securities and Futures Commission), it is Type 3 license for Forex brokers and the fee will be around $130,000. Also, it requires the minimum liquid Capital of $3.000,000.

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 Gulf FX. So you may share your experience or thoughts or discuss them below or ask us for additional information.

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