GYG INVESTMENT LTD is a forex broker registered in the United States in 2023, with its headquarters located in London, United Kingdom. The broker specializes in offering trading services for financial products such as forex, indices, precious metals, energy, and cryptocurrencies. Despite its wide range of services, the company does not provide services to countries or regions such as North Korea, Israel, China, Vanuatu, and Cuba due to policy reasons.
Company Background:
GYG INVESTMENT LTD was established in the United States, headquartered in London, and has branches in the United States, Vanuatu, and Sydney, Australia. The official website domain of GYG INVESTMENT LTD was registered on May 4, 2023. As of the date of this publication, it has been established for less than a year.
According to official website information, the company claims to hold regulatory licenses from the National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN) of the United States. However, according to publicly available information, there is no record of GYG INVESTMENT LTD in FinCEN’s regulatory records at present. GYG INVESTMENT LTD is registered as a non-member unit with the NFA and is not regulated by the NFA. Investors should exercise caution when choosing to use this broker's platform for trading.
Furthermore, the main responsibilities of the Financial Crimes Enforcement Network (FinCEN) are to protect the financial system from being illicitly used, fight money laundering and related crimes (including terrorism), and promote national security through strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence. It does not regulate forex trading and economic business.
How to Open an Account?
To open an account with GYG INVESTMENT LTD, users can visit its official website and click the “Register” button to start the registration process. The registration page requires users to fill in personal information, including name, personal email, etc., and set an account login password. The broker will send a verification code via email, after which you can log in. After logging into the trading platform, customers can perform deposit and withdrawal operations and begin trading.
Account Types:
The official website of GYG INVESTMENT LTD does not mention information related to trading accounts, and its FAQ page indicates that the broker claims to offer floating spreads, trading leverage of 1:100 - 1:500, with no specific details disclosed about the minimum deposit, trading commission, margin call level, stop-out level, and minimum trade volume.
Trading Software:
GYG INVESTMENT LTD provides a proprietary mobile trading platform named ST5, which is only available for download on mobile devices. The platform supports the opening of real and demo accounts, allowing users to choose between virtual trading or actual trading according to their needs. However, there is no entity company supporting behind the ST5 trading platform, which may pose certain trading risks.
Partners:
GYG INVESTMENT LTD claims to have a partnership with Trading Central, an internationally recognized analysis institution. The broker claims to provide award-winning automated investment analysis and research tools for investors. However, this cooperation announcement has not yet been confirmed by relevant institutions, thus there may be a risk of false advertising.
Website Design:
The website design of GYG INVESTMENT LTD is highly similar to several other websites, such as BCC Markets Limited, SV Markets, ABHKFX, DEOASIS PTY LIMITED, indicating that these brokers might be using the same or similar website templates. Therefore, investors still need to conduct thorough due diligence and research when choosing a trading platform to ensure it meets their needs and expectations while being aware of potential risks.
Customer Support:
The customer support channels of GYG INVESTMENT LTD are relatively limited. Users can access its customer support services via email. Users can send an email to support@gyg-itt.com to contact the company's customer service team. Users can raise questions, inquire about related matters, or report any technical issues in the email.
Conclusion:
GYG INVESTMENT LTD is a newly established forex broker with a relatively short establishment time. GYG INVESTMENT LTD uses a proprietary trading platform, and its customer support is relatively limited. The official website of GYG INVESTMENT LTD is highly similar in web design to those of BCC Markets Limited, ABHKFX, DEOASIS LIMITED, VLC Trade LLC, OBV Trade MT5, indicating that these sites might be using the same templates. Investors should avoid this platform when selecting a trading platform to prevent unnecessary financial losses.
Currently, GYG INVESTMENT LTD is marked as "suspected of fraud" on Traderknows.
