With claims of sponsoring a boxer and a football team, Graphene FX appears to be a worthy investment platform. But, unfortunately, what looks like a platform you would want to invest in is full of lies. GrapheneFX does not offer any sponsorship or above-the-table trading conditions. Instead, what we have is a platform that lacks compliance and withholds withdrawals. And this is why we must expose graphenefx.com. Here’s the detailed GRAPHENE FX REVIEW.
On the about us page, the platform gives a compelling story of how they help investors. According to Graphene Fx, they have your interest at heart. The selling point is investing in your future.
Their headquarters is in South Africa, and the company behind it is listed as Graphenefx Group. However, we haven’t heard of them, and we know who sponsors the Unidenese team. Ryanair is the official sponsor of the Italian club.
That’s not all, and the platform claims to have over 350,000 clients worldwide. What we have is a platform trying its best to appear legit and global. The truth is that the platform is trying to get investors to deposit funds.
To invest in the real world, it’s best to have a proven platform with realistic returns. And this is why it’s best to go for authentic and transparent investment options. These include Coin Staking, DeFi, and Masternoding.
Graphene FX should be the last option when investing. The platform does not have a proven track record. It does not have anyone backing their winnings with the platform. There’s no proof that anyone has made any withdrawals with the platform.
The platform promises to offer fair trading practices with the most secure trading platform. But, unfortunately, security is another grey area when it comes to non-compliant platforms. For example, we don’t know what they do with your banking records.
Graphene FX offers four account types with the minimum deposit set at $100. At least they use acceptable terms when it comes to funding accounts. The four accounts include Standard, Prime, G-Plus, and ECN account.
Here’s a closer look at each of these accounts
Standard
It’s the most basic of accounts and has a minimum funding amount set at $100. Spreads start from 1 pip with the account offering real-time access to market data. The maximum open trades are set at 200.
Prime
With the prime account, you must deposit $1,500. There’s an Islamic option for this platform with EA and hedging allowed. In addition, there’s a Graphite money bonus of 20 percent with each deposit made.
G-Plus
You must deposit $3,000 to start trading with this account. Spreads start from 0.1 pip, and there’s a commission of $3.5 per lot. In addition, members get a deposit bonus of 25 percent and an option of having an Islamic account.
ECN Account
It’s the most exclusive account or VIP package with a minimum deposit of $10,000. Spreads start from 0.1 pip with a commission of $2.5 per lot. In addition, there’s a bonus of 30 percent with each deposit made.
Graphene FX offers users a barrage of incentives and promotions to help with investing. These promotions include offering capital aid (bonuses) and contests. Unfortunately, there’s not much to talk about, as no one has made any statement of winning any of the listed prizes.
GrapheneFx Ltd is the entity listed as the owner of the platform. The disclaimer at the footer of the homepage shows its regulated in St. Vincent and the Grenadines. It clearly indicates that this is an offshore platform.
Most platforms seek refuge in such jurisdictions to avoid strict regulations in other jurisdictions. We can also see there are no mentions of the people working behind the platform. Earlier, the platform claims to operate in South Africa, right?
No representative has come out and linked themselves with the platform. As a result, Graphenefx.com remains an anonymous platform with no way of knowing who owns it. With anonymity comes huge risks not worth taking.
You would expect a platform with an international status to offer live support. Instead, users are redirected to social media platforms such as Telegram and Whatsapp. There’s a phone number listed that has the area code of the United Kingdom.
We believe the platform is using a virtual phone number to solicit funds from investors in Europe. You would expect a South African telephone number listed as this is where they claim to reside.
One of the few things the platform got right was offering a demo account. With the demo account, users can test their trading skills before using a real account. Furthermore, the demo account comes fully integrated with the MT4 trading terminal.
There are several listed funding methods available for users. These include bank transfers and wire transfers. Some of the listed channels include MasterCard, Neteller, Skrill, and Visa. However, before thinking of opening an account, there are a few things to note.
Withdrawing funds with GrapheneFX is not an easy task. In fact, this is the main problem facing members of the platform. Most of them experience delays in their withdrawal requests which is a headache.
You should invest in a platform that guarantees withdrawal at any time. Unfortunately, it seems the platform is restricting withdrawals to $500. Imagine depositing more than $3,000 and only managing to withdraw $500.
Graphene FX is not licensed or registered and does not offer any documents to prove otherwise. Instead, the platform is using false documents to claim compliance. With an offshore platform, there’s no telling where they got their license.
We recommend using platforms that are regulated by international bodies. These include ASIC, BaFIN, CONSOB, and CNMV. Other regulatory bodies include CySEC, FCA, and SEC. These bodies ensure all aspects of investing and trading is covered.
We have to mention the availability of the MT4 trading terminal on the platform. It’s another added advantage when it comes to investing. You should use reliable platforms with a proven track record.
Other platforms to use include MT5 and SIRIX. These platforms offer users advanced tools making them get in-depth insights on how best to trade. You can learn a lot using the above trading terminals.
You should be aware that the safety of funds is out of the question with this platform. None of the members will get any security cover from the platform. Therefore, the platform fails in its duty to protect funds from any unforeseen losses.
These include failing to offer insurance cover for deposits made. In addition, the platform does not offer negative balance protection with the accounts. Finally, you won’t get SSL Encryption as the platform is prone to third-party attacks.
These are the main reasons why we see graphenefx.com as a high-risk investment option.
Now you know the reasons why we have to flag GrapheneFX as a high-risk investment platform. First, with its anonymous nature, the platform may close shop at any time.
Make sure to invest with platforms that offer realistic profit margins. These include proven investment options that are backed by financial experts.
Feel free to leave a comment or drop us an email.
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i was going to invest in this broker but you helped me and i changed my mind, thanks alot and good wishes
I have been working with this broker for quite a while now, they are the best in every aspect from quality service to trustworthy performance and are excellent to work with. Would absolutely recommend to others.
Just 2 months doing business with them, so far, so good!
that’s great to hear! what about now? are things still good or have gone south? can you tell me plz?
Seem like a scam broker
GrapheneFx is a reliable broker… It was very easy to set up with them and I was really impressed with their deposits and withdrawals speed, it was instantly done!
I personally never comment like this but seeing this, i believe i hold a responsibility as a graphenefx customer. Personally i would testify that it’s a good service, haven’t had a major problem except for the fact that they call you too much sometimes, which can be annoying. But overall it’s a great service, i’m making money with them.
I was also worried previously about the trust issue, but after talking with consultants and experiencing it myself, I now fully trust GrapheneFx
Enjoying my ride with GrapheneFx since 2 years, no problem at all.
I’ve used many brokers, and lost a lot of money due to scams and fraudulent activities by brokers. I was very scared because of such shady stuff going on in brokers, this is where GrapheneFx won me over, they provide authentic local deposit options! Something that even big names don’t do.. this is incredible, plus their consultants really resolve any issue i have, this is great and it has helped me sustain and make money with a peace of mind.
Losing and gaining is part of the forex trade but for me its important to be guided by mentors or even tips for better trading. I was recommended GrapheneFx by a friend and so far it has served me greatly. Profits are looking up. Gained a sum of USD 600 in profits within 3 months!
Are you still working with graphene fx.