The Financial Commission is an International regulator and has banned the use of Gb Expert. We will be looking at the reasons why the regulator has decided to blacklist gb-expert.com. When you land on the homepage, the platform has it all. It’s an appealing website and offers conditions that are in line with industry-set standards. The maximum leverage on all accounts has been set at 1:30. We do have some concerns with their minimum acceptable bonus. Here’s the full GB EXPERT REVIEW.
Gb Expert is an international forex investment platform that offers services for investing and trading. The platform claims to provide low market spreads and institutional liquidity. Other features include having over 60 trading pairs.
According to their about us page, the platform claims to have started operations in 2015. However, our records indicate that the website went live on March 22, 2021. It means the website has been active for 112 days as we publish this post.
Online presence and credibility say a lot about any investment platform. Successful investors will go for proven and transparent investment options. Today’s investor is looking for trustworthy investment options. In our opinion, coin staking, DeFi, and Masternoding are the way to go.
GB-Expert, on the other hand, fails to provide an accurate description of their history. As a result, we could be dealing with naive traders who want to take advantage of investors. With regulators keen to ban unregulated platforms, Gb-expert.com finds itself on the wrong side of things.
Reliability, Trust, and Quality are the call-to-action taglines used to sell their platform. Unfortunately, there’s no reliability coming from the platform in terms of compliance. Trust is an issue as an international regulatory body bans them.
As far as quality goes, the platform offers high-quality trading conditions. It’s the only aspect that is credible on the platform. With acceptable leverage and trading conditions, the platform would have been a great place to invest.
Sadly, they fail to grasp the importance of complying with international standards. And the consequence is being blacklisted.
Gb Expert offers three amiable account types to investors. These three include Gold, Silver, and Platinum account. According to the account’s page, the platinum account is the most popular one.
Let’s take a closer look at each account to find out what they offer;
Silver
The minimum opening balance allowed for Silver account members is $500. Spreads are set from 1.0 pips with over 60 currency pairs. There are no commissions per lot, and members get expert advisors.
Gold
You must deposit $5,000 to start trading with this account. Members get a mobile app with VPS-enabled functions. You get zero commissions with the minimum trade size set at 0.01 Lot. The account has no distinctive features with the Silver account.
PlatinumÂ
Although they claim it’s the most popular account, we don’t see the reason why. It has the same features as the Gold and Silver accounts. In addition, the minimum opening balance to start trading with this platform is $30,000.
To make sure institutions and wealthy investors sign up, they deem it as the most popular. However, we have questions regarding the feasibility of their EAs and VPS features.
You can earn passive income by being an affiliate member of online investment and trading forums. It’s a nice way of earning passive income if the platform you are marketing is credible. For example, Gb-expert.com is not a platform that you should sell to investors.
Complaints regarding their affiliate programs can be seen on various affiliate forum groups. Most affiliates are angry as the platform does not release commissions earned. You can’t track the progress, and the platform fails to release funds.
At the end of the day, it’s not a credible referral program. You will also be blamed for referring users to a blacklisted platform. Once the victims lose funds, you will face the wrath and even be sued by victims.
It’s not worth the trouble as the platform is using the referral program to trap more investors.
There are six trading assets to use within the platform. Sadly, the platform does not indicate whether they offer crypto assets. However, we do see that there are cryptocurrency pairs such as BTC/USD.
The six trading instruments include currency pairs, energies, futures, indices, metals, and shares. Seamless trading experience is what they claim to offer alongside 150 trading assets. You also get advanced charts with their trading terminal.
GBExpert claims to have won several awards during the year 2020. However, it would be best if you remembered that the platform is barely three months in. Some of the awards listed include Benzinga Winner, Best Private Investor, and Russian Hedge Fund Awards.
Of course, these are just marketing gimmicks used to sell the platform as experienced and reputable. We can tell that these are not real awards because all we have is the award’s logo. The platform’s name is not on these logos.
There are four ways of depositing funds with the platform. These include bank wire, credit, debit cards, and e-wallets. On the deposit page, we find that they have changed the leverage and marked it at 1:300.Â
The platform claims to segregate accounts which is hard to determine. We believe the platform transfers funds to an offshore bank account. It makes it impossible to track or even withdraw funds.
Withdrawing funds will be a problem with a blacklisted platform. Regulators also ban the use of platforms that try to block withdrawals. And this is the case with GbExpert, which is unreliable and lacks transparency.
GB EXPERT IS BLACKLISTED by the Financial Commission. There’s a good reason why the regulator bans the use of this platform. Without complying to set rules, the platform makes investors incur losses.
GBExpert lacks oversight from a solid regulator. As a result, members are at the mercy of the platform’s harsh trading conditions. An excellent example is when they change the leverage. On the account page, it’s 1:30 and 1:300 on the deposit page.Â
It’s unclear the acceptable leverage which could see most investors losing high amounts.Â
There’s a link to their license document, which is from the FEBRA Commission. The Febra Commission is not a regulator, and the license holds no merit. It’s, in fact, evidence the platform fails to comply with industry regulations.
The only aspect the platform got right was availing of reliable trading terminals. You can use the MT4 trading platform on the website. The terminal offers favorable trading conditions. It’s the best trading platform to use alongside MT5 and SIRIX.
There’s a contact info page where users can leave a message. We also see a UK phone number which we believe is a virtual phone number. The call might go through, and the representative will insist on having an account.
It seems you won’t get any response unless you sign up and deposit. Therefore, we rate the customer experience as low since we didn’t get any straight answers.
You don’t get to see a platform that offers fair trading conditions and is still blacklisted. The reason for their inclusion on the blacklist heavily lies in compliance. Safety of funds is another solid reason why the platform is blacklisted.
Here are the key reasons why we don’t recommend the use of Gb-expert.com
Make sure to avoid this and any other platform that shares the same features.
To get a head start, you need to sign up with industry-backed platforms that offer safety. It’s the safest and most convenient way to invest.
If you have any questions, please leave a comment or email us.
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