WikiFX Review: Is Getzcapital trustworthy?

About Getzcapital

Getzcapital is allegedly a broker based in Saint Vincent and the Grenadines. Saint Vincent and the Grenadines is an attractive place for financial companies to operate through an offshore company. there is no sharp regulation or overseeing of the company operation implemented. The SVG broker can run its activity and accept forex payments through credit cards but is not overseen. The physical address of this broker is the first floor, first St Vincent Bank LLC Building, James Street, Kingstown, St.Vincent & the Grenadines. Getzcapital advertises that it mainly offers three different asset classes in financial markets, including forex currency pairs, metals, and oil.

Regulation: Is Getzcapital legit？

Getzcapital is not a regulated broker, WikiFX has given this broker a low score of 1.35/10.

Account Types

Three live trading accounts are offered by Getzcapital, apart from demo accounts, namely Micro, Standard, and Premium/ECN. Opening a Micro account requires the minimum initial deposit amount of $100, while the other two account types the much higher minimum initial capital requirements of $1,000 and $10,000 respectively.

Leverage

The maximum leverage ratio provided by Getzcapital is much higher than most brokers, up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Spreads are influenced by what type of accounts traders are holding. Getzcapital reveals that the spread on the Micro account is floating around 1.6-2.2 pips, the clients on the Standard account can experience floating spreads at 1.4-1.8 pips, while the Premium/ECN account can enjoy the lowest spreads from 0.0 pips. Through the live account on the MT5, we found the spread for EUR/USD pair was 2.3 pips.

Trading Platform

When it comes to trading platforms available, Getzcapital gives traders the worlds most trusted and popular MeatTrader5 platform. MT5 is known as one of the most successful, efficient, and competent forex trading software, features time frames, pending orders, an economic calendar, EAs, VPS, one-click trading, level-2 plugins, charting tools, and more.

Deposit & Withdrawal

Getzcapital accepts deposits and withdrawals only with the cryptocurrency of a BTC wallet. The minimum deposit requirement is $100.

Customer Support

Getzcapital‘s customer support can be reached by email: support@getzcapital.com. Company address: First Floor, First St Vincent Bank LLC Building, James Street, Kingstown, St. Vincent & the Grenadines. However, this broker doesn’t disclose other more direct contact information like telephone numbers while most brokers offer.

Conclusion

Getzcapital is not as trustworthy as you may think it is. Investing in an unregulated broker like Getzcapital is dangerous for your funds safety. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.