How does Gravity trade work? And why shouldn't they be trusted
By The Forex Review - 17 / March / 22 560
Dominick Bell
The online broker Gravity trade, which operates on the territory of the United Kingdom, is considered a scammer with a bad reputation.
When we get to the official Gravity trade website - gravity-trade.com , then we will read that this firm provides services for Forex trading operations in the United Kingdom. In addition, Gravity trade provides programs for financial actions.
Our experts have studied the Gravity trade website, familiarized themselves with the terms of operations, tried to get at least demo access to services, investigated the existence of securities, the region of registration of the company.
With the help of the data obtained, we will find out: Gravity trade - divorce or not?
In addition, we will explain to you how not to fall into the trap of scammers, about their algorithms of operations. We will tell you the necessary information in order to keep your finances safe.
Gravity trade company is located in an offshore region
The first signal indicating that Gravity trade is scammers is the state of residence. The company is documented in the Republic of the Marshall Islands, which is already doubtful, since the company operates on the territory of the United Kingdom. Offshore states attract the attention of fraudsters due to the absence of laws and executive power.
Moreover, this country does not have permits for Forex trading.
Moreover, when we tried to find the physical address, information about the owners and management gravity-trade.com , then failed to identify anything.
This shows that Gravity trade is a criminal online broker, working with which will result in significant monetary losses.
Lack of data on the Gravity trade manual
After analyzing the site, our specialists were unable to identify truthful data about the company's management gravity-trade.com . No physical or legal address, no phone numbers or other means of contact.
We think that this means that the directors are trying to hide their identities in order to evade responsibility for their actions. If it turns out to detect one of the Gravity trade employees, then this will end everything, and the actual leaders of the fraudulent organization will remain free with money.
At Gravity trade, website - gravity-trade.com, valid for less than thirty days
The Gravity trade website talks about a lot of experience working on Forex.
The most common way to check any official website is to get information about its domain name. Basically, they indicate the age of the existence of the domain name, the contact details of the owner.
In this case, the Gravity trade domain has been operating for less than 30 days, and all data about the individual who owns it is classified. Another proof that the management of Gravity trade is trying to maintain its anonymity.
This desire can be supported, but not when it comes to a financial company acting as an intermediary between the client and Forex.
At the same time, themselves gravity-trade.com they assure their potential clients that they have been working effectively on Forex for a long time.
U gravity-trade.com there is no demo period
For brokers, it is a common practice to give traders a test version of their software so that they get acquainted with the interface, try out opportunities in the Forex market with fake money.
Unfortunately, on the website gravity-trade.com , we did not find information about the demo period, the ability to test the rograms.
We think that the management of Gravity trade is most likely not going to give customers demo access to the software, because some of them may suspect fraud.
Broker gravity-trade.com works with a negative account
Legal companies that operate on Forex do not apply a negative balance in their activities. By law, the trader of an online broker is not able to spend more now is on the account. In those rare cases when the balance goes into negative value, the loan should be repaid not by the user, but by the organization that provided its services.
Therefore, honest brokers do not use a negative account in their activities.
Nevertheless, Gravity trade gives its users a job with a negative account, that is, in debt.
Why is this necessary?
In order to drive the user into a loan and start demanding to repay the debt. This is one of the most commonly used methods of deception used by financial fraudsters.
In the event that this has already happened, you need to know that criminals do not have the opportunity to obtain finances under the law of the United Kingdom. All methods of pressure on you are illegal. The maximum that bandits are able to do is to disturb with calls, write messages with demands.
You cannot cooperate with Gravity trade, because any agreements will result in expenses.
Gravity trade operates with a leverage of one to four hundred or more
Already now, it becomes clear that Gravity trade are scammers. Nevertheless, let's pay attention to one fact, namely the presence of an excessively high credit ratio.
A credit lever is the ratio of money between users and Internet brokers when performing a trading operation. The leverage allows you to close large transactions to traders who do not have access to sufficient money.
In order to protect Forex users, in developed regions, the current laws imply the use of a credit ratio with a maximum ratio of 1 to thirty, sometimes fifty.
At the same time, Gravity trade uses one to four hundred leverage to earn money on the Forex financial market.
This ratio is allowed in Switzerland, because organizations registered in this country are highly trusted. However, Gravity trade is not registered there.
In fact, Gravity trade cannot carry out operations on Forex with such a leverage, due to the high risk for users. So, this is done solely in order to force the trader to invest more of his finances, but also to drive in loans.
Local Gravity trade divisions
It is considered important for every organization to have local branches in developed countries, even if the activities are conducted only in the United Kingdom. Therefore, Gravity trade reports that in addition to many awards, there are regional offices in England, Australia and other civilized regions, and in addition about a large number of qualified workers.
It is very simple to check the existence of these offices. Since there are industry organizations that monitor the activities of online brokers. In the UK it is FCA, in Australia it is ASIC.
Accordingly, an official firm is obliged to have official documents from these or other structures that will confirm their ability to provide Forex trading services, determine the degree of responsibility.
And yet, after analyzing the profile official sites, our experts did not find them. Which once again confirms the suspicions.
To register on gravity-trade.com need to transfer personal data
As we mentioned earlier, Gravity trade does not have a test period, and therefore, in order to gain access, you must immediately pay the minimum contribution to Gravity trade bandits. Also, get access to your personal account gravity-trade.com, is only real if the identity verification is successfully completed.
This means that Gravity trade requires users to transmit information such as
- Data about an individual;
- Data on the permanent place of residence (receipt for communal services);
- Information about qualifications, place of work, length of service.
Also, with the initial transfer, criminals are able to access the card information.
In combination, this information can enable criminals to spend a loan on the user, or to implement other shady frauds.
Since for registration on the site gravity-trade.com , it is necessary to send your personal data, our experts could not get access to the Gravity trade personal account as well as applications for Forex transactions.
Real reviews about Gravity trade
An important stage in exposing Gravity trade is the study of feedback from traders.
A thorough study of the search results on the Internet gave us the following data
- Most of the reviews and mentions of Gravity trade on the Internet are lies. These are the same type of positive reviews of a paid nature;
- All real reviews about Gravity trade are bad. Our employees were unable to identify truthful reviews from former users gravity-trade.com, which would mention income, successful trading.
- Bad reviews are associated with illegal actions, theft of investments, artificial creation of credit.
Therefore, real reviews about Gravity trade suggest that the online broker in question is a criminal.
Gravity trade contact information and documents
Having studied the data on gravity-trade.com our experts have discovered a lot of dubious digital documents that can be easily made using a graphic editor. They are not confirmed by official firms, which means you cannot trust them.
If a broker is not affiliated with regulatory firms, then its users simply have nowhere to turn for help.
On the "Contacts" page, our employees saw a phone number. It turned out that it had already been used by an illegal online broker. There are also many reviews on the web about fraudulent activities related to the phone number indicated on gravity-trade.com .
Withdrawal of money from gravity-trade.com
Are you going to make money with the help of an online Forex broker? Make sure that you can take away his finances.
Studying the user agreement on the Gravity trade website, our employees did not find specific information about the ways to withdraw earnings. In addition, our employees revealed a description of the penalties for the inactivity of a personal account, while they did not find data about their amounts. Since fraudsters do not conduct activities in the legal field, it is impossible to protest these fines.
Therefore, even if a trader has stopped cooperating with Gravity trade, they may start calling and sending messages demanding to pay a fine.
How does Gravity trade operate?
The method of finding new customers, which uses Gravity trade, also raises concerns.
Fake profiles in social networks are used for advertising, in which fake users spread information about how they quickly managed to earn income by working on Forex through Gravity trade. Non-existent people demonstrate expensive cars and houses, holidays at resorts and other signs of a well-off life.
Non-existent people promise instant income, for which it is not necessary to study or put a lot of effort.
If a client contacts them, Gravity trade managers report about the reality of a rapid income, as well as about some unique features of their software that allow you to immediately trade serious earnings.
After that, various tricks are put to work, making it possible to get maximum deposits from the client. For example, you may be drawn a fake profit in order to inspire you to give more finance.
When the work on the Forex financial market will be unprofitable, the representative of the organization will offer to transfer more to compensate for the minus.
Gravity trade employees act according to the manuals that were developed by professional manipulators. They analyze information about the user in order to put pressure on specific places, to get even more finances.
One way or another, all this will come down to one of the results:
- • When you are going to take the money before you find yourself in the red, you will be charged, banned from using the invested money, and will do everything to make you pay more;
- • When you let the bandits drive the account into debt, there will be threats, scammers will extort return a fictitious loan.
Another way to get income for Gravity trade may be to transfer your personal information to third-party organizations. We assume that, after that, it is really possible to buy complete information about you for a modest sum of money on some anonymous telegram channel on the shadow Internet.
It is likely that after this, various criminals, managers, etc. will start writing to you. You should also wait for letters from Gravity trade's accomplices, who will start offering to "return" the lost money, of course for a reward.
Since Gravity trade does not operate in a regulated field and retains incognito, they will not be forced to answer according to the current laws in the United Kingdom. The organizers of the shadow firm are skillfully disguised and in the best case, the legitimate authorities will be able to capture someone from the "administrators".
Should I trust Gravity trade?
No way!
If you are going to give the bandits finances, then it is better to transfer them to a good cause.
Let's briefly list the evidence indicating that Gravity trade is bandits
- Lack of official registration;
- No demo period;
- There is no information about the owners of the company;
- Phone number identified in criminal schemes;
- Negative balance;
- Credit ratio of more than one to 50•
- Bad reviews;
- False information on the website.
This concludes the Gravity trade review. It is obvious that Gravity trade are bandits.
For your safety, we have compiled a blacklist of brokers.
