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Geminicap Broker Review
The MetaTrader 4, MT4 Mobile, and Online trading platforms are used by Gemini Cap, a forex broker, to provide forex trading services. Gemini Cap is a b-book broker in terms of the orders execution model (market maker). Gemini Cap provides trading in indices, stocks, CFDs, currencies, and commodities. SCB is in charge of regulating Gemini Cap (Bahamas). But is Geminicap a Scam Broker?
GeminiCap Trader Opinion
Doing extensive research on the businesses and organisations you intend to donate the monies to is the first step in defending yourself against shady individuals online. There may probably already been other users of the service who have posted their comments and feedback online on various forums.
After doing some research on social networking sites (such as Facebook, Twitter, and Instagram) and online trading forums, a common thread regarding users’ dissatisfaction with Gemini Capital developed. These customer comments suggest that Gemini Capital is an unreliable broker, so extra caution should be exercised before making an investment using their brokerage platform.
There are many brokers out there who use fictitious company names or engage in other fraudulent activities. A little amount of prior investigation can go a long way toward safeguarding your finances and yourself.
Is Gemini Capital Legit or a Scam?
Finding out about their certification should always be the first and most crucial step when looking for brokers to use for your trading operations (s). This will reveal whether Gemini Capital is an offshore and/or unregulated firm or if they are subject to centralized regulation.
When a broker is unregulated or is regulated by a body that is not in your country, you have little to no legal remedy if your money is stolen. If there is theft, complaints can only be filed if the broker has a license from the regulatory body in your country. The following are a few instances of regulatory bodies that provide brokerage licenses:
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The Cyprus Securities and Exchange Commission (CySEC)
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The Financial Conduct Authority (FCA)
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The Australian Securities and Investments Commission (ASIC)
A broker should be avoided if they are unlicensed and cannot obtain a license from the regulatory body in your country. Even if the brokerage is regulated, it is advised to stay away from it if the regulator is based somewhere else.
How Online Trading Scams Work?
One of the most common online trading scams is showing positive trades at first to deceive investors into believing they will make money quickly. With the development of this confidence, the investor will be persuaded to invest more money in order to receive higher returns. Further rewards might also be offered to entice investors to invite their friends and family to use the site.
The brokerage will proceed to suspend the account and prevent the investor from accessing the funds until they have taken all available cash from the investor and those in his or her network.
In an effort to gain the trust of unwary investors, many dishonest businesses may even assert that they are based in a regulated area and show fictitious regulatory licenses and addresses on their websites.
Be cautious and check your information from several different sources. Sending money online should always be done with extreme caution.
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