Broker Reviews

GFC Investment Review and Broker Scam Investigation

GFC Investment is an unlicensed Forex and CFD broker that opened its doors for business in 2018. GFCInvestment.com is owned, managed and operated by the GFC Investment group KINTEKA OU, an Estonian company situated at 5th Floor, office # 71 on 9th Joe St. Tallinn, Estonia and DARTALON LTD, a St. Vincent & Grenadines. An additional address can be found at Suite 305, Griffith Corporate Centre, 1510, Bechmont Kingstown, St. Vincent and the Grenadines. Their email is [email protected] and the listed phone number is UK+442039662002

GFC Investment Review
Investors at GFC Investment will have access to the new “Spot5” web-based CFD trading platform and interface, which offers its customers over 120 underlying assets to choose from. The software is very user-friendly and highly intuitive especially for new traders just starting out. Various options such as Stop Loss and Take profit are enabled and allow you to minimize your risk and leverage.

GFC Investment also allows Cryptocurrency trading with virtual currencies such as Bitcoin, Ethereum, Dash, Ripple, and Litecoin which are in the form of currency pairs contracts. The classic safe haven currencies such as USD/EUR, USD/GBP are also available as well as commodities, Indices, and Stocks. Most popular of these are Gold, Oil, S&P 500, and DAX. Additional features include “Simply Forex” which, as the name suggests is a simplified version of Forex designed for new or amateur traders just starting out and searching for an easy way to trade.

GFC Investment provides new paying customers with bonus cash incentives. However, there are strings attached and before you accept any type of bonus money please make sure to read the fine print in the terms and conditions section. In most cases you will be required to make a certain amount of trades in order to cash out, our initial investigation indicates a trading volume of 30 times the bonus amount received to your balance INCLUDING the deposited amount are stipulated in the terms section. The minimum trading amount for standard lots (buy/sell contracts) are $50 and the minimum deposit is $500 in order to start trading. However, traders registering via our recommended systems are able to deposit $250 and start trading after being phone verified.

We contacted the compliance desk at GFC Investment in order to inquire about a license or some type of certification but there was none. We know that not ALL unlicensed brokers are scam artists, however if you have the option of choosing it is always preferred as they use segregated accounts and required to operate in a more transparent manner or risk losing their license.

Specifically regarding GFC Investment, we noticed a lot of interest so we actually put them to the test and funded a real money trading account. After that we proceeded to cash out stating that we are not interested. We got our money back after 3 business days, so this disqualifies GFC Investment from being blacklisted.

Its also worth mentioning that we are a part of a large network of traders and this has its obvious advantages. Needless to say the same terms are reserved for our members as well.

If you are searching for a regulated Forex and CFD broker we invite you to check out our recommended broker section. If you are searching for a viable signals and solutions that produce results then we invite you to check out our robotic trading apps and signals. Don’t forget to join our Facebook Group , Google +, Pinterest, and YouTube Channel

Full Disclosure

Welcome to our official Alvexo Review and Broker Investigation
If you are searching the internet and asking yourself is Alvexo SCAM or legit then you have landed on the right page. Alvexo is owned and managed by VPR Safe Financial Group Limited in Cyprus. It is a Cyprus Investment Firm (CIF) which is supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC). Their CIF registration and license number is 236/14 and company registration number HE 322134. Their address is 1, Agias Fylaxeos street,3025 Limassol, Cyprus

Most people like to trade on Alvexo using desktop version and mobile apps for both Android and iOS from here.

Alvexo is a fully regulated global investment brokerage specializing in providing trading arenas for the global financial markets with offices located at Limassol, Cyprus. Alvexo offers access to over 500 assets ranging from Currencies, Commodities, Future Indices, Stocks and Cryptocurrencies. Traders can access Alvexo’s vast range of products, support, education and news material in five languages; English, Arabic, French, German and Italian. The organisation adheres to CySEC (Cyprus Securities and Exchange Commission) regulation through VPR Safe Financial Group Limited.

Alvexo’s core distinguishing features are focus on customer education and the importance of knowledge acquisition as a critical factor l in developing and maintaining sound and reliable trading skills. As such, Alvexo is constantly engaged in tradining its clients the need to excel in trading via educational channels.

Alvexo traders have a choice of choosing between three different platforms: MT4: the trusted and world’s most popular platform. Sirix Web Trader: Alvexo’s official trader directly accessible with no download from the website. Mobile App: Trade from anywhere at any time on Android, iOS, Windows Mobile and tables.

There are four types of accounts available at Alvexo. These accounts offer various  terms with the margins mainly dictated by the type of account and the amount funded. Alvexo also supports a demo account where users can practice trading strategies as presented by the broker.

Is Alvexo SCAM or Not?
Alvexo is not a scam broker. Payouts are prompt, expeditious, and can be wired or sent to an E-wallet of your choosing. These are not crooks who will steal your money and have obtained licenses in the UK and the rest of Europe via the FCA and CySec.

VIP Levels

Classic: This is the most used account at Alvexo, although mostly by novice traders who are trying out for the first time the brokerage. The classic account operates under a minimum deposit of $250 with the smallest deal size set at 0.01 lots. The spread margins start at 3.3 pips. Traders of a classic account also enjoy leverage that maxes out at 300:1, free signals as well as a broad range of educational material is available.

Gold: While experienced traders are commonly associated with the gold account, others also express interest in higher payouts find it useful for their trading needs. An operating minimum of $2,500 is required to initiate a trade. The smallest deal size is set at 0.05 lots with spreads starting at 2.2 pips. Traders who use the gold account also benefit from Alvexo’s classic account features, while also getting an economic calendar.

ECN: This is primarily associated with direct trading and advanced users who find it necessary to achieve their trading objectives. An operating deposit of $5,000 is required to get you started with this account. The spread margins are set to start at 0.0 pips in addition to all benefits and features available from the gold account.

Prime: This is the premium account type at Alvexo and is mostly linked to semi-professional-to-professional traders who have the capability of depositing a minimum of $10,000 during their first trade. The minimum deal size is set at 0.25 lots with the spread margins starting at 1.8 pips. In addition to all features available from the gold and ECN accounts. Traders also gain access to technical analysis reports.

Alvexo’s state-of-the-art trading platform has allowed users to maximize the brokers trading methods to apply different trading strategies. Both beginners and expert users have the ability to optimize their return on investment through a training demo account and a list of beginner to advanced accounts that boast different tools and features.

There are weekly market reviews giving insights into market trends and financially relevant events, calculators, economic calendars and risk analysis tools that traders may use to achieve given trading objectives. The pip, margin and profit calculator have proven useful with the currency converter helping investors calculate the amount of money worth investing through a given account.

Trading signals are also a popular tool with traders that highly improves their trading potential by giving them additional trading ideas and trend indictors. Trading signals are used by those traders who would rather not spend time analyzing opportunities one by one and would rather get daily recommendations compiled by Alvexo’s market analysts.

Customer Support:
Customer service is both amiable and professional. They offer courteous service in French, German, Arabic, and Italian.

If you are interested in Forex or Crypto robots please make sure to check out our recommended section.

The Alvexo trading academy connects users with the broker by introducing educational videos among other trading courses before they embark on their first trade. A wide variety of topics are covered in the trading academy accommodating all levels of trading.

With an ever growing client base, Alvexo constantly integrates new technology and innovation to its user experience; recently attested by the launch of the Alvexo Trader platform. Filled with custom features to facilitate easy and fast trading at the click of a mouse. Resource-intensive improvements are added and updated on a regular basis to offer clients the best of what is available to the industry.

Alvexo Review Summary and Conclusions
The Alvexo SCAM-free brokerage offers a superior trading environment and is also fully regulated. Highly recommended. For additional updates and more scam reviews don’t forget to join our Facebook Page and YouTube channel.

Regulated brokers can also be dishonest! We are constantly getting complaints about various brokers which are TOTALLY regulated, but are not acting in good faith and will do anything in their power to slow down, delay, and get you to cancel your withdrawal requests. We have decided to review Ava Trade in this context, as it is regulated by ASIC, BVI Financial Services Committee, the Central Bank of Ireland, the South African Financial Services Board, and even in Japan. So, in reality Ava Trade is one of the most regulated brokers around (if not the most), but does that mean they operate in a fully transparent and honest way? At face value the answer is a resounding NO, and our staff of researchers have been able to produce initial proof of lies and deception. Now, does that mean Ava Trade is a SCAM broker? The short answer is also no, we are not going to pretend and say that if you have money coming your way it will not eventually be paid if you produce all the required documentation. However, we are saying that Ava Trade has been less than honest about producing testimonials about what people think or how much they have profited using their Brokerage services. It’s also worth pointing out that we are not acting as affiliates in this Ava Trade review and test case, hence there is no conflict of interest just clear and simple facts.

Update: Ava Trade has reached out and told us that they are using image bank photos due to client privacy issues. We are willing to accept that to a certain degree and due to their regulation and solid reputation we are willing to concede and agree that it is a mitigating factor.

The Official Ava Trade Website: http://www.avatrade.com/

But first, a bit of background. Ava Trade is a Forex and CFD broker. They also offer bonds, ETFs, and other financial products, but they are most known as a regulated Forex broker. We started digging in and seeing what Ava Trade was about because our members have asked us about regulated brokers and which one we recommend. The conclusions are not as you may think or wish to believe. In reality, even regulated brokers bend the rules in their favor and that is why we don’t necessarily recommend regulated brokers. We work differently as we will explain in a minute.

The point is, not every broker which is regulated is legit, and not every unregulated broker is a scam. As in most cases in life, the truth is always somewhere in the middle and that is why we ALWAYS choose the best systems with brokers we have a relationship with, but more importantly we have leverage in the form of a withdraw-able balance (significant amounts) which we can always use as a pressure tactic if one of our members is not paid promptly. So, in this context our motto is trust no broker (regardless of their legal status), and always have a good relationship with the decision makers as well as financial leverage.

Ava Trade – This is Not an Ava Trade Review!
Below you will find a screenshot of the Ava Trade home page and main sales area. It’s worth pointing out that Ava Trade  executes more than 2 million transactions per month which often surpasses $60 billion in volume. This makes it a monster, and it is also owned by Tedi Sagi who is the owner of Playtech (a gambling giant) and valued at over $2.8 Billion. Yes, he has made it to the Forbes list of richest men in the world.

Moving forward, our little team of researchers has manage to spot an interesting piece of information (which is also proof of possible scam). Ava Trade is using fake testimonials, and is doing it in the most flagrant and irresponsible manner. For example, Zoran from Serbia is a Shutterstock actor. Incredible right? Who would believe Ava Trade, one of the most regulated Forex brokers in the online trading industry would do such a thing? But the fact remains, so take a good look at the images below and let them serve you REAL well the next time you wish to invest. Again, we would like to re-emphasize the fact that we do not believe Ava Trade is a SCAM broker (quite the opposite is true), but these kinds of lies can only damage their reputation which is already getting slammed in certain forums and review sites.

In this area we had screenshots of fake reviews. We took it down because we can’t afford to engage in legal battles with a multi-million dollar Forex monster. The image can be found in our Facebook group for reference.

Here’s a little fact which is based on our experience. The word “regulation” acts as a kind of magic wand, when if waved can cause people to open up their wallets and start investing like MAD because it makes them feel safe or protected. In reality, regulation serves as a kind of proverbial fig leaf to veil the true intentions of the broker. In the end, they want to make money and need you to invest. Some will put up money to get a license, and others prefer not to but it doesn’t mean they are liars or dishonest. In fact, some of the best brokers we worked with had NO license, and we never had any complaints about them (not even one). That is because the broker understood that in an age of transparency and instant access to information, their reputation was the most important. So, it was in their interest to payout promptly and not generate hardships. Oddly enough, because they were not regulated it was that much more important for these brokers to stay clean and keep their customers happy. They know that as long as there are no complaints, they can keep doing business, and these are exactly the kind of brokers we work with. Not big like Ava Trade where you get lost, or scam brokers like Bigoption. We hand pick our brokers and constantly check them after they are integrated into our systems. We know exactly how to deal with them if and when the situation arises.

Skepticism, A Grain of Salt Not A Bucket!
A grain of salt and proper research will save you a pretty penny, but too much skepticism will keep you where you are instead of where you want and should be. Sometimes changes and hyper-information can get you sidetracked and confused. It’s important to filter out the static and focus your efforts on simple and profitable apps which can produce consistent income.

I Like the App But Not The Broker!
Well, as mentioned previously all our apps have a broker lineup and all of them are constantly being tested, poked, and prodded in a way which removes any doubt of possible scam. Regulated does not necessarily play a factor in our filtering process, as we make sure to take proper precautions regardless of which broker we deal with. We trust NO broker as we have been previously burned so all our guarantees are backed in writing and we make sure to use only the right type of brokers. In fact, the brokers that burned us the most are regulated, since they understand their license keeps customers coming back and not necessarily the level of service they offer. The ones that provide good service, payout on time, and don’t bother their customers too much are the ONLY brokers we work with.

Signals, Forex EA’s, Crypto Robots
Our recommended systems have passed a rigorous screening process and we make sure to include the best possible brokers.

I “Got Scammed” By Ava Trade!
The more years a broker has been around, the more complaints they have. This is true for any business regardless of the industry or niche. Of course you will hear this chatter in forums, but we checked and the dates go way back so we understand that Ava Trade does a decent job of handing their customers complaints and address their issues.

Summary And Conclusions
In a nutshell not all regulated brokers are legit or honest, and contrarily there are more than a few unregulated brokers which run a clean operation and treat their customers like royalty. Now, this doesn’t mean that all the unregulated brokers are legit, but we are saying that they are not all scumbags (this is also very logical if you think about it). Don’t forget to check out our Facebook page and subscribe to our YouTube Channel.