The website of GFT Capitals lacks adequate contact information and licensing details, raising concerns about its authenticity and legitimacy. This lack of transparency suggests the broker may be attempting to avoid accountability and evade customers if issues arise, making it difficult for authorities to trace them.
Additionally, the Federal Financial Supervisory Authority (BaFin) has issued a warning about GFT Capitals for operating without the required authorization. BaFin also noted that the content of GFT Capitals' website is identical to that of several previously flagged fraudulent platforms.
In essence, GFT Capitals is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
GFT Capitals appears to be a scam.
The website of GFT Capitals lacks adequate contact information and licensing details, raising concerns about its authenticity and legitimacy. This lack of transparency suggests the broker may be attempting to avoid accountability and evade customers if issues arise, making it difficult for authorities to trace them.Additionally, the Federal Financial Supervisory Authority (BaFin) has issued a warning about GFT Capitals for operating without the required authorization. BaFin also noted that the content of GFT Capitals' website is identical to that of several previously flagged fraudulent platforms.In essence, GFT Capitals is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.GFT Capitals appears to be a scam.