Financial Gates Review – How We Exposed financialgates.io Trading Scam

Are Financial Scam Brokers Without Regulations?

Financial Gates broker promises much. Financial Gates offers easy access to financial markets and a variety of educational tools. They also offer top-level encryption. We are missing some basic information like the name of the company and the license number.

This firm claimed that it was a subsidiary of Financial Gates Ltd. According to the Terms and Conditions, the law that governs is Saint Vincent and Grenadines law. We searched for the owner because SVG does not have a financial regulator and only companies can register. We were, however, unsuccessful.

We also checked the Financial Gates regulation against Tier-1 authorities such as ASIC, FCA, CONSOB, and BaFin. We were unsuccessful again.

Simply put, the answer is Financial Gates Forex broker has no regulation.

Financial Gates is an unlicensed brokerage. Financial Gates operates in accordance with the laws of Saint Vincent & the Grenadines. It does not have authorization to provide Forex or CFD trading services.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – BinBot Pro, Click Trades and Barclay Stone.

Financial Gates Support – Polite Scammers

To convince their customers of legitimacy, every financial fraudster relies on its support staff. Financial Gates is no different. They will greet you with politeness and support so you can make an immediate investment.

After you have made your deposit, your funds will be transferred to the broker’s manager. They will make up various financial plans for you and show you the false results of their investors. They’ll continue to ask for weekly deposits after they have built trust.

They may ask you to install AnyDesk or TeamViewer or another remote desktop access app. They’ll convince them that it’s a tool to assist you in trades and platform operations.

They can access your desktop or mobile device via this app. They can log in online banking or crypto wallet, and then wipe it clean in a matter of seconds.

What Are the Trading Conditions at Financial Gates Broker?

The following markets are available to clients:

• Forex – USD/SEK/EUR/NOK/GBP/NZD
• Commodities – platinum, wheat or gold
• Cryptocurrencies – LUNA, DOGE, DASH
• Stocks – Adidas, BMW, Inditex
• Indices – Dubai 37, Netherlands 25, Belgium 20

Spread is quite high – 3 points for the EUR/USD pair. The industry average is half that. Other commissions are not clearly stated, but they are advertised as super low on higher account types. We cannot provide any information on trading costs. Clients can choose from six account types:

1. Self Managed Forex Account – $250, leverage 1:100, 200+ assets
2. Silver – $5,000, leverage 1:200, professional trading tools
3. Gold – $10,000, asset Index list, own dedicated account manager, tier 3 room analysis, education on demand, full access to trading platform analytics
4. Platinum – $25,000, leverage: 1:300, alluring spreads of 0.0 pips and ultra-low commissions
5. Diamond – $50,000, contact manager
6. VIP – $100,000, higher leverage, cost effective

Each account has its own advantages. However, you should not trust any information coming from a fake broker.

Financial Gates Demo Account is not enabled. Clicking on the Platform tab will take you to the WebTrader where you can review the account.

You will need to deposit the money first before you can place trades. This is a common trick used by offshore brokers to get you to invest on the spot.

The terms only sound good in words. After all, as soon as you make a deposit, you can immediately lose it. We protect you from trading through unlicensed brokers.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Financial Gates Scam with Withdrawal Fee

After reading the Financial Gates reviews we realized that this company charges a withdrawal fee. Broker employees demand that customers pay taxes and bank transfers upfront in addition to the high fees they charge.
It is clear that these requests are fraudulent as the brokerage cannot charge trading commissions directly from the profit. You should decline any request to make additional transfers from your bank account, or credit card.

However, Financial Gates won’t approve your withdrawal request and your trading account is frozen.

Financial Gates: Video

Below you will find a short video about Financial Gates. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Financial Gates!