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gastrade company

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Someone told me it was hard to withdraw here, does that mean this broker is a scam?
lolatyou
Ireland
2023-07-10
ANSWER GasTrade Company is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.GasTrade Company claims to be multi-regulated, including the Australian Securities and Investment Commission (ASIC), the Dubai Financial Services Authority (DFSA), the Financial Services Conduct Authority (FSCA), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Belize Financial Services Commission (Belize FSC). However, our investigation reveals that it is not subject any of the aforementioned regulators. Additionally, the FCA has added GasTrade Company for offering financial services or products without their authorization. You can access the full warning here.Regarding your question, withdrawal issues are often a indicator of a scam broker. GasTrade Company is a scam, carrying significant risks such as financial losses and identity theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like GasTrade Company and instead choose a fully regulated one.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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