Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Gravity trade, a trading name of Inure Consulting LTD, is allegedly a forex broker registered in Dominic that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:200 and floating spreads from 3 points on the GT-Trader, GT4Mobile and WebTrader trading platforms via 3 different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that Gravity trade currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.28/10. Please be aware of the risk.
Market Instruments
Gravity trade advertises that it provides access to a wide and highly diversified range of trading instruments from 6 different asset classes, which include 80+ Currency Pairs, Commodities, Metals, Indices, Shares and Futures.
Account Types
Gravity trade claims to offer three types of trading accounts, Micro, Standard and Trader, with minimum initial deposit requirements of $250, $500 and $1,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The leverage provided by Gravity trade is adjusted based on the account type. Clients on the Micro and Standard accounts can enjoy the maximum leverage of 1:200, while the leverage on the Trader account is 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
According to the information on the Trading Plans of Gravity trade, the spread is from 3 points on all account types. The broker also charges some unspecified commissions.
Trading Platform Available
Gravity trade says to give traders three different choices of trading platforms, including GT-Trader, GT4Mobile and WebTrader for PC, browsers and smartphones.
Deposit & Withdrawal
From the logos shown at the foot of the home page on Gravity trades official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Wire Transfer, Maestro, MasterCard, MasterCard SecureCode, Piastrix, Verified by Visa and Visa. The minimum initial deposit requirement is said to be $250.
Bonuses
Gravity trade also claims to offer a bonus, which varies depending on the account type. For example, the bonus is up to 30% on the Micro account, 35% on the Standard account and 50% on the Trader account. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
Customer Support
Gravity trade‘s customer support can be reached Monday - Friday: 9 am - 9 pm by email: compliance.en@gravity-trade.com. Company address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.
Pros & Cons
Frequently Asked Questions (FAQs)
2023-02-22 11:39
2023-02-14 15:55
