Gamma Fx Review – Trusting This Broker Can Cost You Heavily

The first thing you notice about this broker is missing legal documents. Therefore, it’s hard to determine the ownership of the company. However, with their offshore registration that is not surprising.

Even without transparent details, you can see many irregularities. That’s why we present you this Gamma FX Review so that you know what to avoid in the future.

Legal Info: Is Gamma Fx Legit Or A Scam?

Gamma-FX.com broker doesn’t reveal its ownership status. But even without it, it’s easy to investigate if they are licensed or not. In the first place, the FSA of St. Vincent and Grenadines is not issuing trading licenses. Therefore, we are looking through the list of licensed entities with FCA, BaFin and ASIC.

However, this broker is not on any of those lists. Therefore, you can forget about negative balance protection, segregated bank accounts and compensation schemes.

Who Are Gamma Fx’s Clients?

Since 2021 when the company first started, they started expanding quickly. But what’s scary is that they are targeting some of the strictly regulated countries. In their case, scammed traders are mainly coming from:

• United States
• Japan
• United Kingdom
• Vietnam

If you experienced some irregularities with this broker, let us know. Our team can build you a strategy to recover your funds.

Leverage, Fees, Commissions and Spreads With Gamma Fx

Generally speaking, hiding trading conditions is a standard thing for many offshore brokers. The situation is the same with the Gamma-FX.com scam broker. The only thing transparent is their highly risky leverage of 1:500. But have in mind that the maximum allowed leverage in the UK is 1:30 and in the US 1:50.

         Bonuses

Even though there’s no transparent information on the website, don’t be surprised if you get a bonus offer. These are used as tricks to keep you as their client. But also to extort more money from you.

Gamma Fx Trading Features

Overall, it’s not rare that the offshore company offers trusted software. Even unregulated brokers can get hold of it. But most of the time, it’s just a tactic to get traders on board. In this case as well. The company offers highly trusted Meta Trader 5. However, there’s no download option on the website. Instead, you are redirected to the registration page.

         Is Gamma Fx Legit?

Absolutely not. The company operates in strictly regulated countries without a valid license. On top of that, their trading conditions are completely mysterious. Not to mention they are hiding ownership details. But if you check our UltraBrokerz review you will realize that even transparent details are not enough sometimes.

         Available Trading Assets

After all the downsides, here comes another one. The company only offers 3 instrument classes. Those are: 

• Forex            USD/JPY, AUD/HKD
• Metals          gold, platinum
• Futures         stocks, indices

         Account Types

Surprisingly for offshore broker, they don’t offer different account types. On the contrary, everyone gets the same shady trading conditions. But if you were looking for an Islamic account or a less costly one, you can forget it.

         Mobile Trading App

Generally speaking, MT5 software is available for mobile devices. But not with this broker since they are not transparent about their trading software. For that reason, we always suggest traders to find licensed brokers. Another great example of a shady broker you can find in our SPMarket24 review.

         Demo Account

Understandably, a broker that is hiding something is not offering a demo account. Even though, there’s an option on their website it only leads to the full registration form. Which leads to your phone number and that’s how the harassment starts.

         Education

Important to realize is that Gamma FX scam broker doesn’t offer any type of education. Even though, they will present their agents as the ones with years of experience in the market. Thus, you won’t learn anything from them.

Gamma Fx Withdrawal

Considering all the flaws and missing legal stuff, you can forget about withdrawals here. There are no transparent ownership details or legal documents. Not to mention the deposit and withdrawal policy that is mandatory with Tier 1 licensed brokers.

Don’t be surprised if the broker comes up with excuses why to prolong your withdrawal. Some of the most known are AML laws, verification of the account and non-existent fees or taxes. Be aware of those!

Customer Support

As for the contact options, you can try reaching them out in multiple ways. You can choose an online contact form, e-mail and phone numbers. Thus, one phone number comes from Lebanon and the other one is from the US/Canada. In fact, there’s no logic except if they are using VOIP services. Also, the company doesn’t reveal working hours.

Key Information To Consider About Gamma Fx?

In the first place, you should avoid this broker because of missing regulation. But also because of the mysterious approach to their services, costs and conditions. On top of that, there are shady contact options that most likely lead to ignorance.

In case you were scammed by this broker, send a message to us as soon as possible. Our expert team can advise you about funding methods and help you recover the funds. Don’t be worried even if you were sending crypto. There is a CipherTrace. Contact us now to find out more!

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