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Financial Gates Review – Learn More About FinancialGates.Net
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Financial Gates website looks professional, but that is not enough to invest with them, especially when we know what lies beneath. In the course of our research, we were unable to find out who is really behind the website.
|Broker Type||Forex, CFD|
The only mention is of a company called Financial Gates LTD, whose headquarters are unknown. This means that the broker remains completely anonymous. In addition, we concluded that Financial Gates is not a regulated company, which is a big minus, because it represents a risk for users.
Also, the trading platform promoted and offered by Financial Gates is limited in its functions. When we read the terms and conditions of the business under which this broker operates, we came to the conclusion that they are to the detriment of clients. You can read the rest of our Financial Gates review if you want to know more about the shortcomings of this scam broker.
Is Financial Gates Broker Safe? Regulation and Security
The biggest problem for users who want to invest in this brokerage house is that Financial Gates is not a regulated company. This means that the company does not meet the legal requirements to enter the market and offer its services.
Although it refers to the law of St. Vincent and the Grenadines, however, the FSA of the SVG doesn’t regulate the forex market so it cannot provide this would-be broker with a license. Financial Gates does not provide information about where its headquarters are, nor any other registration numbers through which we could verify anything more about the nature of the company.
When we checked the SVG registry for a company called Financial Gates LTD, we did not find it. This means that the broker remains completely anonymous and poses a threat to users.
What Kinds of Trading Platforms Are Available?
MetaTrader4 and MetaTrader5are favorite platforms among traders because they have a lot of additional tools for trading and planning which allow users to analyze the financial market, run trading robots and much more.
We write all this so that you understand how bad the trading platform offered by Financial Gates is. It is a web trader devoid of almost any advanced tools that could help users customize their trading experiences according to their trading strategies.
What Types of Accounts Does Financial Gates Provide?
Financial Gates offers six account types. As the minimum amount for payment when choosing an account increases, so does leverage and other additional benefits that more advanced accounts offer. In this way, Financial Gates manipulates clients by leading them to the idea that they will get more if they invest more.
The accounts offered by this scam company are as follows:
- Self Managed – $250,
- Silver account – $5,000
- Gold account – $10,000.
- Platinum account – $25,000
- Diamond account – $50,000
- Vip account – $100,000.
Trading Instruments: A Brief Introduction
When we talk about the offer that Financial Gates has, there are no big surprises. Their offer is similar to what any other scam broker offers. This offer includes:
- Stocks (Google, Disney, Ebay…)
- Crypto (Bitcoin, Litecoin, Ethereum…)
- Indices (Dow US, DAX, NASDAQ…)
- Commodities (Coffee, Oil, Corn…)
- Forex (EUR/USD, USD/GBP, USD/JPY…)
Funding Methods at Financial Gates
The minimum deposit at Financial Gates is $250. Although the company’s website is poor with information about how cash payments and refunds work, it regularly asks users for a lot of personal information.
The only information we have come across is that Financial Gates accepts payments made via credit and debit cards, bank transfers, and e-wallets. Funds are withdrawn using the same methods, and the request is processed within 7 to 10 days. The minimum withdrawal amount is $100.
Financial Gates Bonuses and Promotions
All bonuses are subject to trading requirements, which require your total trades to be of a particular value, in order to be able to withdraw bonus funds and any profit associated with them.
Unless stated otherwise in the applicable Promotion Terms, all bonuses are available for withdrawal, provided that the granted Bonus has obtained a trading volume of 50,000 times its value.
Requesting to fully or partially withdraw money from your deposit, will lead to the following: if the request is to withdraw under 20% of your deposit, your account balance will be calculated only by subtracting your withdrawal. If the request is to withdraw 20% or over of your deposit, the subsequent bonus shall be revoked, and any consequential profit.
How Do I Get a Refund if Financial Gates Stole My Money?
If you are a victim of this or another scam company, that’s okay. There is a possibility to recover your funds. If you made the payment via Visa or Mastercard, you have the option to reverse the payment up to 540 days after the deposi if you request a chargeback.
If you made the payment via bank transfer, you can cancel the payment easily. If you made the payment through an e-wallet, i.e. in cryptocurrencies, you won’t be able to easily recover the money, because that type of transaction is almost impossible to recover.
Financial Gates Summary
The overall conclusion we have drawn after research is that Financial Gates is a scam broker. The sole aim of this company is to extract as much money as possible from users. That is why we do not recommend this broker to you.
All the basic points of business that are in the relationship between the client and the brokerage house are to the detriment of the client. Don’t be fooled by a professionally designed website, and don’t let a reference to some law instill confidence in you to invest money.
In the business world, there is no need to build trust, because business should be arranged so that all information is available, transparent, and unambiguous, and the client decides on the basis of that information whether he wants or does not want to invest money.
FAQs About Financial Gates Broker
Is Financial Gatesl a Legitimate Broker?
Financial Gates is not a legitimate broker.
What Funding Methods Do Financial Gates Accept?
Financial Gates accepts payment methods via credit and debit cards, bank transfers, and e-wallets.
Is Financial Gates a Good Broker?
Based on its many shortcoming presented in this Financial Gates review, this is certainly not a good broker.