Gis Capital promotes its services through a fraudulent crypto campaign called Bitcoin Fast Profit. This ad shows clients how they can allegedly earn thousands of dollars overnight, from as little as $250. Of course, it’s untrue and it’s just a lure.
Read this detailed Gis Capital review to learn more about how the scam is conducted.
In top of that, we seriously recommend you not to invest in the fake brokers IKICI, Meteor Trade, and CentroBanc. Do not trade with these unlicensed brokers if you want to save your money!
| Broker status: | Offshore Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | Giscapital.world g-c.trade |
| Blacklisted as a Scam by: | AMF Quebec |
| Owned by: | Raconteur Consulting LLC |
| Headquarters Country: | Saint Vincent and the Grenadines |
| Foundation year: | 2022 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | 250 USD |
| Cryptocurrencies: | No |
| Types of Assets: | Forex, indices, shares, commodities |
| Maximum Leverage: | 1:200 |
| Free Demo Account: | No |
| Accepts US clients: | Yes |
How Risky Is It to Trade With Gis Capital?
Trading with Gis Capital is quite a risky thing. The firm is owned by the already infamous Raconteur Consulting LLC, registered offshore. Since the main company is in Saint Vincent and the Grenadines, the only country with no financial supervision for Forex brokers, it can have as many unregulated brands as it wants.
According to the FSA instructions, all brokers should obtain local authorities’ licenses. We found nothing after checking FCA, ASIC, BaFin, CONSOB, and other regulatory databases.
Why Is Trading On a Licensed Broker’s Platform Preferable?
Licensed brokers are obligated to follow strict rules imposed by regulators. Depending on the jurisdiction, they must keep operational capital varying from a couple of thousands to millions of dollars. Further, they must keep clients’ funds in segregated accounts and not reinvest them.
Unregulated scammers like Gis Capital don’t have any obligations and are free to do as they please.
Is Gis Capital a Legitimate Broker Or A Fraud?
Gis Capital is an offshore brokerage based in Saint Vincent and the Grenadines. The owner has another fraudulent brand, AxisCapital, both operating unlicensed. Unfavorable reviews show problems with withdrawals.
Warnings From Financial Regulators
The Gis Capital scam was exposed by the Canadian regional regulator of Quebec, AMF. According to this warning, giscapital.world is a high-risk Forex trading platform that should be avoided. The brokerage is not registered with the AMF and is not authorized to solicit investors in Quebec.
If you find yourself scammed, it’s important to report it to your local authorities, so there will be more warnings.
Gis Capital’s Reputation On The Trading Market – Opinion of Traders About the Broker?
Gis Capital is rated poor on Trustpilot and other similar websites. Furthermore, there were plenty of fake reviews written by the broker itself to promote its services.
Here’s one of the genuine reviews.
“100% Scam,
Please don’t deposit any money into their account. I make reports to all with the government website as well to let them this is a scam website.
THEY ARE SCAMMER”
– Trustpilot Customer
What Platform Does Gis Capital Provide?
Gis Capital offers quite a decent WebTrader. It has a solid number of functionalities, even though it’s still a far cry from MT4 or MT5.
MetaTrader has set its place as the industry standard with the largest number of TAs. Therefore, it’s more reliable and highly recommended for novice traders and seasoned investors.
Platform Access From Mobile Devices
This trading firm doesn’t offer Android or iOS mobile apps. Therefore, investors must use their web browser to access the account.
This is another advantage of MetaTrader. It has dedicated apps with the same features as the desktop version.
Gis Capital Accounts Overview
You can choose one of the six accounts on offer.
Perks are not clearly listed. Thus, all we know is that there’s a significant gap in the amount of money you need.
Gis Capital – Countries Of Service
According to reviews, Gis Capital mainly advertises its services in the following countries:
- Germany
- Spain
- Switzerland
- France
Gis Capital Range of Trading Markets
If you still want to invest despite everything we’ve explained, you can do it with one of the four asset groups.
- Currency pairs – EUR/USD, AUD/CAD, GBP/ILS
- Commodities – gold, natural gas, corn
- Shares – Amazon, Microsoft, Nvidia
- Indices – Dow Jones, S&P500, IBEX35
From what we were able to find, cryptocurrencies are not on offer.
Also remember the names of the AFX Trade LLC, 44Trades and DolfinIndex trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
What Is Known About Gis Capital’s Trading Conditions?
If you want to check the broker’s regulatory status, you can check their leverage. Each region has its own limit imposed by the financial authorities. In the UK, EU, and Australia, this limit is 1:30, while in the US and Canada, the cap is 1:50.
The spread is the difference between buying and selling prices and is a pure trading expense.
Details About Leverage and Spreads
The leverage with Gis Capital goes up to 1:200. Since it’s higher than in any region, it’s clear that the brokerage is offshore. Further, spread, swap, and other fees were not disclosed.
Simply said, your funds are at risk.
Gis Capital Minimum Deposit and Withdrawal Terms
Like many online financial swindlers, Gis Capital requires you to deposit a minimum of $250.
Withdrawal terms are pretty unclear. The brokerage says clients who accept a bonus must reach a minimum trading volume, but without specifying it. Other withdrawal fees are not set either.
Methods of Making a Deposit
The deposit can be made using one of the following payment options:
- Debit/credit card
- Wire transfer
The same method must be used for withdrawal as well.
Scammed by Gis Capital Broker? – Let Us Hear Your Story
Being scammed online is nothing to be ashamed of. It can happen to anyone. However, you must get help and recover what’s rightfully yours. Book a free consultation with our chargeback experts, and let us evaluate your case.
But What Is A Chargeback?
If you’ve used your debit/credit card to deposit funds, you have up to 540 days to request a chargeback. Since the procedure is time-limited, we urge you to contact us now. The sooner we start, the better our chance of recovering your money!