Gatebits is warned by Financial Conduct Authority FCA
Are you thinking to invest with Gatebits broker? Read this Gatebits Review to understand if it is a scam or genuine broker and your money is safe with them or not.
According to Financial Conduct Authority’s FCA’s official website, Gatebits is a clone of an authorized firm and details are:
Telephone: +61870713966, +442039671720, +15064961315, +61383999128, +4915227770859
Some scam brokers may change their information or use other authorized firm’s details to look genuine, but in reality, they just want to steal your hard-earned money. Be aware of such brokers and do not invest your money with them.
FCA authorized firm details
This is the actual details of the FCA authorized firm. This firm is authorized to offer, promote or sell services or products in the UK and its correct details are:
Firm Name: Plus500UK Ltd
Firm Reference Number: 509909
Address: 8 Angel Court, Copthall Avenue, London, EC2R 7HJ, UNITED KINGDOM
Having the potential to make someone go into a debt trap, scammers lure their victims in with irresistible offers and discounts. In this segment, we will be telling our readers about a few important points that you must look for in a broker before opening an account with them. Remember, nobody has a right over your money. Gatebits is found to possess some or all of the following traits of a scam broker. Please read the complete Gatebits Review to know why we include this broker in our list of scam brokers 2023.
Gatebits Review: Red Flags
Investment scams such as Forex trading scams, Binary trading scams, Romance scams, Cryptocurrency scams and others are harder to spot. But still there are signs. Here are some red flags why Gatebits.com is suspected as scam broker.
Gatebits Review: Is Gatebits Regulated?
Gatebits is unregulated, which is a major red flag against the broker in this Gatebits review. Mostly, unregulated brokers offer investment opportunities that look and sound very attractive, with the highest potential gains. Sometimes, they share fake information about the regulation, but true information is consistently available through the regulator’s sites, so analyze it cautiously.
It means a lot to give more profundity concerning where and how the broker is regulated, where they reside, and who owns the business. Many brokers have more than one authority to supervise them, but some brokers do not have any. You should avoid such brokers, as they are a threat to your money.
Check out more unregulated and untrustworthy scam brokers in our Scam Broker 2023 list.
Gatebits Review: Deposit and Withdrawal Issues
Scam brokers convince customers that because of some technical problem they can’t access their accounts. They might utilize the accompanying strategies:
- Will charge high withdrawal expenses.
- Will forcefully encourage investors to make additional trades.
- Stop communication.
If Gatebits.com is doing any of these things and not allowing fund withdrawal, contact us today.
You can find many negative Gatebits reviews on the web. We advise you to do a search for online reviews of brokers. A conventional web search can give experiences into whether negative remarks could simply be a disappointed dealer or something more serious. A decent enhancement to this kind of search is our scam brokers 2023 list, which indicates who scam brokers are and why you should avoid them. Acquire a more clear comprehension of the guidelines for forex brokers and any other brokers.
Is a Minimum Deposit permissible?
The minimum deposit is generally asked in very small amounts by legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. However, the tradition of taking huge minimum deposits is extremely common in scam brokers as their main aim is to steal as much money as they can from the trader before they get suspicious. The usual amount asked by legitimate brokers lies in the range of $5 to $10. If the broker asks for an amount more than the average, chance of a scam.
How to avoid getting scammed?
- Look at the broker’s experience and regulation status.
- Check whether the broker is included on the scam broker list of major regulators like FCA, FMA, ASIC, SEC, etc.
- Do all necessary investigations! Read scam broker reviews to get better information about brokers.
- Ensure the broker has contact details like email, telephone contact, address, etc.
- Try not to trust commitments of heavenly returns.
Is Gatebits Legit or a scam? Final Thoughts
Sometimes scammers are increasingly using legitimate firms’ details to add an air of legitimacy to their scams. The fraudsters will ‘borrow’ some information from a legitimate firm for the purpose of fraud. They may quote authorization numbers/company registration numbers and links to seemingly legitimate websites and even provide the real address of an authorized/ legitimate firm.
Consumers are advised to check our scam broker 2023 page to verify company details and to call the firm back directly using its advertised phone number. Always access the register from our website, rather than through links in emails or on a company/ person’s website.
To sum up, all that has been said above in this Gatebits review, we give you the power to decide whether the broker is a scam or not. We request the readers move forward with extreme caution.
Scam Victims Help specialists research the brokers and find if they are involved in scams. We researched a lot about brokers to assist customers in taking the right decision.
We suggest investors stay away from this broker and go for the genuine one. If you have been a victim of Gatebits scam or any other broker, do not feel embarrassed.
Victims of forex scams, cryptocurrency scams, binary scams, pet scams, dating/romance scams, or any number of scams should raise their voices and get their funds recovered. This will not only help them but all the victims who are struggling to get their deposits back. Apart from this, it will also help other people to be alert to such scammers and scams.
File a complaint against Gatebits fraud right now and get instant help from our team in fund recovery!
Get help in forex scam recovery, crypto scam recovery, binary scam recovery, romance scam recovery, and also get a free consultation.
Also, read Deutsche Group review here.
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Also, check which brokers got the warning from the Italian regulator CONSOB.
Believe that it is possible to recover lost funds!