Score

1.49 /10
Danger

Gujjufx

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

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Exposure

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Score

Regulatory Index0.00

Business Index6.83

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

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40G

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Broker Information

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Company Name

Gujjufx

Company Abbreviation

Gujjufx

Platform registered country and region

India

Company website

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Instagram

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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Gujjufx · Company summary

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

Gujjufx Review Summary
Founded2020
Registered Country/RegionIndia
RegulationUnregulated
Market InstrumentsForex, etc.
Demo Account
Leverage1:1000
SpreadFrom 2.8 pips
Trading PlatformMetaTrader 5
Min Deposit$100
Customer SupportTel: +1 (502) 909-0705
Email: support@gujjufx.com
Physical Address: 27, Old Gloucester Street, LONDON, WC1N 3AX, UNITED KINGDOM
Instagram: https://www.instagram.com/gujju_fx
Facebook: https://www.facebook.com/gujjufx/

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.

Gujjufx's homepage

Pros and Cons

Pros Cons
Comprehensive customer supportLack of regulation
MT5 supportInaccessible website
Wide spreads
No info payment options

Is GujjuFX Legit?

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

No license

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

Is GujjuFX Legit?

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.

No results from the FCA

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.

Trading PlatformSupported Available Devices Suitable for
MT4/Beginners
MT5WebExperienced traders
MT5

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凉城不暖少年心.
more than one year
As an investor, I recently had an encounter with Gujjufx, and I must say, I am quite disappointed with their services. What particularly concerned me was the lack of any regulatory licenses. This raises a lot of red flags and begs the question, how can I trust this company with my hard-earned money?
As an investor, I recently had an encounter with Gujjufx, and I must say, I am quite disappointed with their services. What particularly concerned me was the lack of any regulatory licenses. This raises a lot of red flags and begs the question, how can I trust this company with my hard-earned money?
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2023-03-20 10:15
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