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GGtrade -

Score

1.50 /10
Danger

GGtrade

Vietnam

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.ggtrade.vn/en

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Score

Regulatory Index0.00

Business Index6.95

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

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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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

GGtrade · Company summary

General Information & Regulation

GGtrade is an online forex registered in Vietnam, with its founding time, actual address, and the company behind it unknown to all. There is no regulatory license details and vital information on its website. This lead us to believe that GGtrade is yet another unregulated, scam website, which traders are strongly advised to avoid.

Markets Instruments

GGtrade offers trading in both forex pairs and CFDs on gold, silver, oil, stocks, indices, crypto coins, and binary options.

Minimum Deposit

The minimum initial deposit is $100 required by GGtrade to start real trading. Although this amount seems reasonable, given the fact GGtrade is an unregulated broker, it is unsafe to register trading accounts here.

Leverage

In terms of trading leverage, GGtrade offers leverage up to 1:300, which may seems not that generous compared to many other brokers offering the leverage up to 1:500 even 1:1000. However, since leverage can amplify gains as well as losses, inexperienced traders should take care when using it.

Spreads & Commissions

When it comes to spreads and commissions available, GGtrade does not this part clear.

Trading Platform Available

GGtrade offers some sort of unproven web-based platform, which simply lacks some basic functionalities readily available with classic trading solutions like the MetaTrader4. Unfortunately, GGtrade does not offer a demo account so we cannot assess their spreads.

Deposit& Withdrawal

In terms of payment methods available, GGtrade does not tell us what funding option it works with. In most cases, most brokers support traders to fund their accounts through Debit/Credit (Visa, MasterCard, Maestro), wire transfer, Skrll, Neteller, Paypal.

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FX1411769832
more than one year
I came across this forex broker GGtrade and was considering using their services as a forex broker. However, I found out that their website is no longer accessible and it seems that the company may have gone out of business. This is concerning as it raises questions about their reliability and credibility.
I came across this forex broker GGtrade and was considering using their services as a forex broker. However, I found out that their website is no longer accessible and it seems that the company may have gone out of business. This is concerning as it raises questions about their reliability and credibility.
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2023-03-20 18:12
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靳韵明
more than one year
Nothing is more terrible than this. They persuaded me to invest a minimum amount and then asked me to make a bigger investment. When I refused, they first scolded me, then said that they would do everything possible so that I could not even get my money back.
Nothing is more terrible than this. They persuaded me to invest a minimum amount and then asked me to make a bigger investment. When I refused, they first scolded me, then said that they would do everything possible so that I could not even get my money back.
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2023-03-06 18:35
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