Glluck-Overview of Minimum Deposit, Spreads & Leverage

Note: Glluck Limited's official website: https://www.glluckfx.com/ is currently inaccessible normally.

Glluck Limited Information

Glluck Limited was said to be first registered in 2022 and with its domain updated in 2024. However, the domain is invalid currently, leading to an dysfunctional website that we can only get the minimum information about this broker from the Internet.

From the demo account provided by the broker, tester found that spreads is floating around 0.2 pips and the broker did not charge trading commissions. Furthermore, leverage is up to 1:500 and the broker surprisingly offers the MetaTrader4 platform to execute trades.

However, due to the inaccessible website, we are not sure about its operational status. What makes matters worse, 8 WikiFX exposures about scams and withdrawal issues, together with the broker's operation without valid regulation from authority bodies, indicating less compliance to industry standards and customer protection. You should stay as far away as you can from such a possible scam broker.

Regulatory Status

Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Glluck Limited, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

Downsides of Glluck Limited

Unavailable website: Glluck Limited's website cannot be opened currently, which indicates possibility of cease of operation.

Regulatory concerns: The broker operates with no valid regulation currently, meanig that it might not comply to financial rules and customer protection. This heightens trading risks with them.

Limited transparency on trading conditions: The broker does not disclose necessary info on its business scope and trading conditions, leaving traders confused about how to initiate investment activities with them.

Limited customer service methods: Glluck Limited can only be accessed via email, which will obviously bring questions about communication efficiency and delay in response.

Account Type

Glluck Limited offers a demo account so investors can practice and get familiar with the company's trading conditions and offerings before committing real money. However, live account info are not publically disclosed.

It used to suggest traders to start from a minimum deposit of $100000 to open an account, which is a typical feature of frauds.

And from the demo account, the tester found that the spreads start from 0.2 pips and the broker offers free commission for transactions. This sounds competitive and attractive, but in view of other shady conditions, it's reasonable to believe this is just a false touting point.

Leverage

Glluck Limited offers leverage up to 1:500, which allows investors to control a position of 500 times of their initial deposits.

However, you should be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well.

Trading Platform

Surprisingly, Glluck Limited offers a fully functioning MetaTrader4 platform, which is a leading software within the industry. You can access the charting tools, analysis resources through the platform, which we believe is the only spotlight of the broker.

Deposit & Withdrawal

Glluck Limited claims to accept sevel payment methods: bank cards, wire transfers, and cryptocurrencies. But when the tester tried to deposit, there was only the option of wire transfers actually.