Score
GateBits
Australia|2-5 years| https://gatebits.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Australia
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
gatebits.com
Server Location
United States
Website Domain Name
gatebits.com
Server IP
194.163.47.248
Company Summary
Note: GateBits's official website: https://gatebits.com/ is currently inaccessible normally.
| GateBits Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Australia |
| Regulation | Unregulated |
| Market Instruments | Forex, etc. |
| Demo Account | / |
| Leverage | 1:100 - 1:400 |
| EUR/USD Spread | Around 3 pips |
| Trading Platform | Web-based |
| Min Deposit | $250 |
| Customer Support | Phone: +61 870713966 |
| Email: support@gatebits.com | |
GateBits is an Australian-based forex broker that was established in 2024. GateBits offers the spreads around 3 pips and flexible leverage ratios ranging from 1:100 to 1:400. However, GateBits operates without regulatory oversight from any reputable financial body.
Pros and Cons
| Pros | Cons |
| Flexible leverage ratios | Not regulated |
| Inaccessible website | |
| High minimum deposit |
Is GateBits Legit?
GateBits is not regulated and their website is not available.
Leverage
GateBits offers the leverage of 1:100 and spreads of around 3 pips on EUR/USD for the cheapest accounts. The more expensive accounts seem to offer leverage as high as 1:400 and supposedly tighter spreads.
Trading Platform
GateBits claims it offers a web-based platform for their traders. The platform offers a decent charting and analysis package and is generally quite easy to use which would probably be a plus for beginner traders.
Deposit and Withdrawal
GateBits offers the high minimum deposit of $250 and states that any request to deposit has to pass through the customer service of the broker.
Traders would be able to deposit with a credit or debit card, wire transfer, or with Bitcoin.
GateBits offersquite outrageous withdrawal fees – “1% with a minimum withdrawal fee of $30 and the maximum withdrawal fee of $300”.
The inactivity fee is also huge – $99, after just 30 days of no trading activity.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
News
Exposure Beware: A Very Attractive New Player In FX Trading GATE BITS Is Not Regulated
The FCA has warned the public about this new player in online trading GATE BITS, advising them to avoid investing and to be cautious when selecting a broker, as the ratio of scammers is much higher than that of legitimate brokers.
2023-01-16 14:39
Exposure WikiFX Alert: Newly Added List Of Unregulated Brokers Tagged As "Unauthorized" By FCA
Jan 16, 2023 - FCA releases a batch list on Friday about unauthorized firms, to protect the public from investing in the said firms and avoid being get scammed.
2023-01-16 11:40
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