Beware! Gracefxtrade is an offshore broker! Your investment may be at risk.
Gracefxtrade Key Features
🔴 Gracefxtrade services are not trustworthy and decpetive – a warning sign!
🔴 Gracefxtrade is under no regulatory oversight and lies about it- a red flag!
🔴 Gracefxtrade is not transparent – a red flag!
🔴 Gracefxtrade creates irrational expectations – a red flag!
Gracefxtrade Products and Services
Gracefxtrade is yet another scam company that pretends to be a CFD brokerage. However, we are certain that this is not the real business model of the company – it has the following business model to sell to its clients:
The issue here is that there is not a single Forex broker, or other CFD provider that actually operates on a subscription model. On the other hand, there is an incredibly widespread scam online – the HYIP scheme. This scheme comes in many flavors, but one thing never changes – the companies that run it promise incredible return rates, and they mostly have investment plans available. We did not make an account with the scammers behind Gracefxtrade, but we are sure that if you do so, you will be presented with these rates! Do not believe the scammers, as HYIPs are incredibly dangerous – here is why.
HYIP stands for High-Yield Investment Programme and these businesses usually promise higher ROIs (return on investment) than usual. In some cases, the offers are just ridiculous- up to hundreds and thousands of percentages per day, which certainly can't happen. To draw a comparison, even the wealthiest banks or investment funds are not capable of delivering more than 10% per year, let alone per day or week. Therefore, the products and services assessment suggests that you'll be at risk if you deposit.
That being so, it's worth considering trendy alternatives that can help you build an extra income, such as Forex brokers PAMM managed accounts, social trading or crypto services that may as well fulfil your investment needs. For example, many cryptocurrency exchanges already provide passive income opportunities like BTC and ETH staking but make sure to subscribe to well-known, proven networks.
Gracefxtrade Company and Regulation
Gracefxtrade is not licensed in any capacity. If the company were a CFD provider, that would mean it is most certainly running a scam – most offshore brokerages are such scams. However, the odds of it being a scam are much higher due to the real nature of the firm that has been described above. Stay away from unlicensed companies – be they brokers, investment funds, or what have you – there is nothing of value to be gained from them!
The lack of regulation implies that the people operating this HYIP are working unchecked, meaning they can misuse or misappropriate your funds, eventually bearing no responsibility for their actions. To draw a distinction, regulated investment companies are forced by law to follow certain rules that guarantee the safety of clients' funds. For example, to get a license, a firm should meet minimum capital requirements that vary from country to country and may also depend on the product specification as there are many types of investments possible- stocks, bonds, mutual funds, banking products, fixed-income, retirements and so on.
In the US, the minimum capital requirement is 20 million USD, which happens to be among the heftiest in the world. Other than that, US financial services companies are also required to keep accounts segregated, thus ensuring that clients' money can't be exposed to unnecessary risks or stolen. However, it's worth noting that the US regulatory framework is very complex as there are numerous financial authorities, among which NFA, CFTC and SEC, to name a few, and all of these monitor companies in one way or another. The US markets may be tricky for the ordinary investor, so make sure to acquaint yourself with the environment before you've wasted money on potential scams like the one under review. And you'd better avoid unregulated investment businesses at all times.
Gracefxtrade Address and Contacts
|701 5th Ave #1100, Seattle, WA 98104, United State
Gracefxtrade is not able to provide its real contact information – there is no way the firm operates from the US without a license. The scammers behind the firm are certainly trying to avoid being held accountable for their actions by providing the fake address – this is a common thing among such criminals!
When it comes to investing, transparency is crucial as you should know who's running the investment and where your money actually is. Legit firms always operate transparently and are bound by law to provide the public with basic corporate information, including addresses, contacts and legal documents disclosing all provisions related to the service. And our experience shows that it’s most probably a scam if you can't reach anyone over the phone given, can't validate the addresses or can't in any other way prove that the investment provider has the authorisation to offer financial products.
Gracefxtrade.org Website Info
|None at the time of writing
|WHOIS Reg. Date
|Redacted for Privacy
|Redacted for Privacy
Is Gracefxtrade Safe?
Gracefxtrade is not a safe company – it has a shady business model, it is not even remotely registered and you should stay away from it at any cost!
Dealing with HYIPs and other unregulated investment providers is not recommended for many reasons. Above all, the absence of regulation strongly suggests a scam as only regulated firms are authorised to provide investment services. As you probably guess, scams can't flourish in a strong regulatory environment, so you'd better think twice before you've deposited with unregulated investment schemes.
The authorisation is only granted when the firm complies with the requirements and standards, which guides how the entities should treat you as a customer and what sort of information they should give you. Each country's regulator maintains a register of licensed firms and the investment services that each licensee is authorised to provide. On the other hand, unauthorised firms aim to avoid complying with the controls that legal, authorised entities are subject to, thus leaving investors entirely unprotected. Needless to say, scammers want to get you totally unprotected, and that's why they always work without a license.
As for HYIPs themselves, many of these schemes operate precisely as a Ponzi because many investors can actually withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities said to deliver unrealistically lucrative gains. 10% or 100% per day certainly isn't a legit offer.