Gujjufx Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-20 14:06

Abstract：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.

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

Gujjufx Review Summary
Founded	2020
Registered Country/Region	India
Regulation	Unregulated
Market Instruments	Forex, etc.
Demo Account	❌
Leverage	1:1000
Spread	From 2.8 pips
Trading Platform	MetaTrader 5
Min Deposit	$100
Customer Support	Tel: +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.

Pros and Cons

Pros	Cons
Comprehensive customer support	Lack of regulation
MT5 support	Inaccessible website
	Wide spreads
	No info payment options

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.