About GX Says Company
The GX Says dealing center is offshore registered – the broker’s official website footer and “Contacts” section indicate Belize. The registration address is 12, Basra St, Belize City, Belize.
Despite its offshore origin, the broker boasts several licenses, listed as follows:
- CySEC, license number 008/56,
- IFSC, 76/34/JO/68,
- Financial Services Commission of Mauritius, C03456710.
It is worth noting that the authenticity of the regulatory documents is questionable.
Multi-language Website and Support
The official website gxsays.com is available in Russian, English, Spanish, German, French, Italian, and Chinese languages. Here is how the Russian version looks.
In the “Contacts” section, besides the office address in Belize, there is only the email [email protected] and a callback request form. The absence of phone and messenger support may hinder client communication with the broker.
Trading Conditions at GX Says
The available asset categories are quite standard for most modern brokers – currency pairs, precious metals, stocks, commodities, indices, and cryptocurrencies. The company claims to offer over 200 instruments. More information about each asset category can be found by visiting the “Markets” section on gxsays.com.
Regarding trading accounts, three options are available – Gold, Platinum, and Diamond. The minimum deposit at GX Says is $1000, $25,000, and $50,000 respectively. Considering the relatively high minimum deposit size, opening a Gold account offers little benefit – instant execution and leverage up to 1:20 are promised.
Deposit and Withdrawal Methods
The broker’s website states that depositing funds to the personal account is commission-free directly in the trading terminal’s personal cabinet. That’s where the information on deposit/withdrawal ends. There is no list of supported payment systems, no data on money crediting times, etc.
Conclusion
Despite mentioning several licenses, the broker GX Says looks suspicious. Doubts arise from the company’s offshore registration, high minimum deposit, lack of a demo account and information about the trading platform, as well as deposit and withdrawal conditions, terms of use, and other documents.
Reviews about GX Says and consultation with an independent expert can help understand how safe it is to collaborate with this broker.
I had an extremely disappointing experience with the broker GX Says. The communication was extremely poor and they did not provide me valuable insights or advice on investments. Moreover, it became apparent that they were prioritizing their own interests over their clients’, pushing investments that had higher commissions for them. Their lack of transparency and professionalism ultimately led to losses in my portfolio, which left me appalled. I would not recommend their services to anyone looking to invest their hard-earned money.
GX Says provides an average brokerage experience with fair rates and adequate customer service.