GWIT Review 2025

Is GWIT Scam or Legit Broker?

No, it is not safe to trade with GWIT. The website states that GWIT is regulated by the US National Futures Association (NFA) under supervision number 0513937. We have checked this information and it turned out there is a company Giant Wave Information Technology Limited registered with the NFA, however, it has nothing to do with the GWIT broker that probably just uses the information and name of the regulated entity to get clients' trust.

• Thus, we do not recommend GWIT, as only scam brokers use fake information to attract new clients.

What is GWIT?

GWIT (Giant Wave Information Technology) is an online leveraged Forex trading broker. The company is owned and operated by Giant Wave Information Technology Limited, based in Hong Kong and claims to have representative offices in London and Shanghai's major global financial hubs. 

• Yet, this is not the case with GWIT, as the regulation information provided on its website does not correspond to the real regulated status of the broker.
• Moreover, the Securities and Futures Commission (SFC) of Hong Kong has recently banned the broker:
  "www.gwitmarkets.com, The company’s Hong Kong address belongs to a secretarial company. Unlicensed entities often use names similar to legitimate companies to confuse investors"
• In addition, the website of the broker lists the awards it has gotten, however, most of them are not even real. It is obvious that traders should avoid GWIT and choose among well-regulated companies.

GWIT Review Conclusion

In conclusion, we do not recommend trading with GWIT. On the other hand, the companies regulated by the UK's FCA or Australian ASIC are reliable and can be trusted. These regulators guarantee the safety of clients' funds as well as the compensation schemes in case of broker's bankruptcy. Check the list of the FCA-regulated brokers. To avoid possible losses traders should trade with well-regulated brokers such as HFM and BlackBull Markets.

GWIT Update

Our research revealed that the GWIT 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.