Gujju FX claims to provide a comfortable trading platform with a 100 percent deposit bonus. With a copy trade feature, the platform calls on investors to stay back and earn huge profits. If this were true, we would all be having several accounts with gujjufx.com. Sadly, GujjuFX does not provide a shred of transparency. Members have been facing withdrawal delays in the past few weeks. Learn more in our detailed GUJJU FX REVIEW.
On their about us page, Gujju FX states they believe in strong business ethics. Unfortunately, it’s not the case as the platform doesn’t deliver actual trading services. With members having no way of withdrawing funds, it ceases to be a trading platform.
We have to expose such platforms that tarnish the excellent forex trading name. And this is why our gujjufx.com review will open your eyes. The platform is far from being trustworthy and gives a substantial financial risk to investors.
Although the homepage looks enticing, there are several red flags that we must mention. First, the platform fails to deliver any necessary trading features. Second, there are a lot of loopholes and uncertainty seen on the platform.
You should only invest in proven platforms that come fully backed by the trading community. Then, go for innovative ways of investing that guarantee security of funds. These include coin staking, DeFi, and Masternoding.
Gujju FX does not come anywhere close to a platform that offers supreme trading conditions. We have our doubts about the platform’s capabilities based on several complaints seem. What we have is a platform that tries to mimic a real trading platform.
Make sure to do some thorough research before joining any trading platform. You should invest in a platform that enjoys the backing of traders. Another way is reading our reviews on all matters relating to Crypto and Forex.
Gujju FX avails three account types for anyone to invest in. These three accounts include Standard, Pro, and ECN. Each of the accounts comes with a different set of features. However, what these accounts have in common are unfair trading conditions.
Here’s a closer look at the three accounts;
Standard
It’s the most basic account, with members having to deposit a minimum of $100 to get started. Leverage is set at floating 1:25 to 1:500. With a maximum of 1:500, members are bound to lose more if they make a losing trade.
The account fails to list its acceptable commission. There’s a minimum volume per lot set at 0.01 with a maximum of 20. Spreads on the platform are set at 1.4 pip. There’s also a demo account option whose time limit remains unknown.
Pro
For the pro account, members have to deposit $200 to get started. The account is fit for skilled traders and shares the same leverage as the standard account. Spreads start from 1 pip, and there are no commissions on the platform.
ECN account
It’s the most executive account, with members getting a commission of $5. The acceptable minimum deposit is $1,000 with no mention of available spread. We feel the platform wants to raise the spreads on this account.
Leverage for the ECN account is set at 1:500 as the maximum. All accounts share the same leverage. Sadly, there’s no demo option for ECN account holders. We don’t know whether copy trading is possible with any of the accounts.
The platform offers investors an affiliate partnership to help them earn passive income. Unfortunately, it’s a good initiative with the wrong execution. The platform doesn’t pay any commission to affiliate partners.
You end up facing the blame from investors you directed to the platform. With withdrawal being an issue, these members will lay the blame on you. Therefore, it’s best to stay away from such platforms and earn passive income with proven entities.
GujjuFX claims to offer a 100 percent welcome bonus to investors. It means the platform will match your depository amount. And this makes naïve investors want to deposit more, hoping to have enough capital to invest.
It’s a trap that the platform uses to encourage huge deposits. Regulators are against platforms that offer bonuses and commissions. And it’s with good reason. Such platforms will later use these bonuses to ransom your account.
You won’t get to withdraw funds unless you deposit a fresh amount equal to the bonus. So even if your account has enough balance, it won’t count. And this is the reason regulators had to step in. So stay away from the platform, or else risk losing your entire account.
Despite claiming to have their headquarters in the UK, the Company House UK disagrees. There’s no business entity or company registered with the above name. And this makes it a huge financial burden to investors.
We also don’t know the names of people running the platform. There are no faces one can link with the platform. And this makes Gujju FX an anonymous investment platform. For all we know, these could be offshore brokers.
You have to invest in a platform that offers you direct lines of communication. Ensure the platform in use has direct access. You should be free to talk to a live agent or representative of the platform.
What we have instead is an attempt by the platform to control the communication channels. There’s no way of making direct contact with the platform. Instead, the platform runs on a one-way communication channel.
Despite claiming to offer copy trading skills, we have a huge issue with their platform. No one knows whose trades you will copy. There are so many questions that need answers regarding their copy trading feature.
You can fund your account using bank and wire transfers. However, the platform doesn’t at the moment accept crypto deposits. Once you open an account, the platform will send instructions on how to deposit funds.
When you fund your account, the balance will reflect within 24 hours. And then you can start trading and make successful trades. You will get to see your fund balance increase and want to withdraw.
And this is where the platform shows its true colors. No one gets to withdraw funds with the platform. It has been the reason members have been complaining. We can only hope regulators will come to their rescue.
Your funds are far from safe with a platform that fails to offer fair trading conditions. In addition, there’s no regulatory compliance from the platform, thereby putting funds at risk. Therefore, it’s best to stay away from the platform or lose your funds.
Hiring recovery agents won’t solve the issue. These agents don’t have the power to freeze bank accounts. The agents will only ask for more money from you and, in the end, fail. It’s best to stay away from such a platform altogether.
Gujju FX is not a licensed platform and doesn’t offer any trading license to prove compliance. The legal documents we see on the platform are merely terms and conditions. With their address in the UK, you would expect a license from the FCA.
It’s not the case as the platform doesn’t have any ties with the regulator. However, we hope to see a warning from the FCA soon. It will better expose the platform and ensure investors understand the risks.
There’s no way we would recommend a platform that doesn’t offer safety of funds. So our recommendation is to stay away from it.
Make the best investment decision by joining proven entities that guarantee safety. Then, you won’t regret it.
If you have any questions, feel free to drop a comment or write to us.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
0 Comments