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    Gesfic: A Broker to Beware Of – Why It’s Not Worth the Risk

    Gesfic, Gesfic scam, Gesfic review, Gesfic reviews, Gesfic 2023, Gesfic news, Gesfic update,
    Gesfic is a forex and CFD broker that claims to offer a wide range of trading products and services. However, there is a lot of evidence to suggest that Gesfic is a scam. In this article, we will take a closer look at Gesfic and explain why you should avoid it.

    Company Overview:

    Gesfic is a relatively new broker, having been founded in 2022. The company is registered in the Marshall Islands, but it does not have any regulation from any reputable financial authority. This is a major red flag, as it means that Gesfic is not subject to any oversight or protection.

    Does Gesfic Have Any License?

    No, Gesfic does not have any license from any reputable financial authority. This is a major red flag, as it means that Gesfic is not subject to any oversight or protection. Legitimate forex brokers are typically regulated by a financial authority, such as the Financial Conduct Authority (FCA) in the UK or the CySEC in Cyprus.

    Is Gesfic Regulated By Any Authority?

    No, Gesfic is not regulated by any authority. This is another major red flag, as it means that Gesfic is not subject to any oversight or protection. Legitimate forex brokers are typically regulated by a financial authority, such as the Financial Conduct Authority (FCA) in the UK or the CySEC in Cyprus.

    Gesfic Pros and Cons:

    Pros:

    1. Gesfic offers a wide range of trading products, including forex, CFDs, and cryptocurrencies.
    2. They offer a demo account, which allows you to test the platform before you start trading with real money.
    3. They offer a variety of educational resources, such as webinars and tutorials.

    Cons:

    1. Gesfic is not regulated by any reputable financial authority.
    2. This website has a history of complaints from traders.
    3. Gesfic has been accused of being a scam.

    How Does Gesfic Reach To Their Prey?

    Gesfic targets unsuspecting traders through a variety of channels, including:

    • Online advertisements
    • Social media
    • Cold calls

    Gesfic’s ads are often misleading and deceptive, claiming that the company is a legitimate forex broker. Gesfic also uses social media to reach out to potential traders, often posing as a legitimate company. Cold calls are another common tactic used by Gesfic to lure in unsuspecting traders.

    Technical Details of Gesfic.

    Minimum Deposit:

    The minimum deposit requirement at Gesfic is $250. This is relatively low compared to other forex brokers, but it is still a significant amount of money.

    Trading Platform:

    This Company uses the MetaTrader 4 platform, which is a popular and reliable platform. However, Gesfic has customized the platform, which has led to some problems. For example, the platform is sometimes slow and unresponsive.

    Spread:

    The spreads at Gesfic are variable, which means that they can change on a daily basis. The spreads are typically wider than those offered by other forex brokers.

    Leverages:

    This site offers high leverage, which can be risky for traders. Leverage allows you to control a larger position with a smaller amount of money. However, it also means that you can lose more money if the market moves against you.

    Packages and Products They Offer:

    Gesfic offers a variety of packages and products, including:

    Standard Package: This package is for beginners and offers a limited range of features.

    Premium Package: This package is for more experienced traders and offers a wider range of features.

    VIP Package: This package is for high-volume traders and offers the most features.

    Withdrawal and Deposit Method: Gesfic offers a variety of withdrawal and deposit methods, including:

    • Credit cards
    • Debit cards
    • Wire transfers
    • E-wallets

    The withdrawal and deposit process at Gesfic is slow and cumbersome. Traders have reported waiting weeks or even months for their withdrawals to be processed.

    What Do Their Previous Traders Say?

    There are a number of complaints about Gesfic online from previous traders. These complaints include:

    • Problems withdrawing funds
    • Account freezes
    • Scamming

    Summing Up- Why Should Not You Trust Them?

    There are a number of reasons why you should not trust Gesfic. These reasons include:

    • Gesfic is not regulated by any reputable financial authority.
    • They has a history

    If Bad Things Happen, Where Can You Get The Quick Solution?

    If you have lost money with Gesfic, you may be able to get your money back through a chargeback. A chargeback is a process that allows you to dispute a credit or debit card charge. To file a chargeback, you will need to contact your credit or debit card company and provide them with evidence that you have been scammed.

    You may also be able to get your money back through the Financial Ombudsman Service (FOS). The FOS is a government-funded organization that mediates disputes between consumers and financial institutions. To file a complaint with the FOS, you will need to provide them with evidence that you have been scammed.

    If you have lost money with Gesfic, I urge you to take action to get your money back. There are a number of resources available to help you, and you should not give up without a fight.

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      Final Thoughts

      Gesfic is a scam broker that should be avoided at all costs. If you are considering trading with Gesfic, I urge you to reconsider. There are many legitimate forex brokers out there that you can trust. There is no need to risk your money with a scam broker like Gesfic.

      You Can Read Our Other Scam Reviews

      Kenneth Williamson

      Kenneth Williamson

      Kenneth Williamson serves as the primary news writer at BCA, bringing his expertise in online marketing to produce high-quality industry coverage. His unwavering commitment to helping individuals and businesses succeed in the digital realm is evident in his writing. Additionally, Kenneth provides top-notch technical SEO and copywriting services to businesses of all sizes.

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