Gujjufx-Overview of Minimum Deposit, Leverage, Spreads
abstrak：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.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ✔ | Web | Experienced traders |
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