Gujjufx-Overview of Minimum Deposit, Leverage, Spreads

Note: Gujjufx's official website: https://www.gujjufx.com/ is currently inaccessible normally.

Gujjufx is a brokerage registered in India, established in 2020. The company supports trading on the MetaTrader 5 platform, with a minimum deposit of $100 and leverage up to 1:1000. However, Gujjufx has not obtained a legal license from any financial regulatory authorities.

Pros and Cons

Is GujjuFX Legit?

GujjuFX is completely unregulated, posing a significant threat to your funds.

Furthermore, the broker has attempted to disguise itself as a legitimate UK company, and the UK license claimed by GujjuFX is as follows:

This certificate may be forged as the UK Companies House is not the regulatory body responsible for overseeing the UK market - this is the FCA's job. And when we tried to search for information about GujjuFX on FCA's official website, we couldn't find anything.

Leverage

GujjuFX offers a maximum trading leverage of up to 1:1000, which is excessively high. No legitimate company would provide such a high leverage ratio, as it poses a significant risk of substantial losses to your assets. Please stay away from it!

Trading Platform

Although GujjuFX claims to provide MetaTrader5, a well-known professional platform, but obviously you should not rely on unregulated websites. And from the link it provides to enter MT5, what we can see is a very rudimentary page, which is too unreliable.