Gateway Capital CG Reviews: Is Scam or Good Forex Broker?

Is Gateway Capital CG Legit or Scam?

Red flags galore! Gateway Capital CG exhibits all the signs of a scam broker. Here’s why you should stay far away:

• Unregulated: This is the biggest red flag. They claim to be in Luxembourg but operate under St. Vincent and Grenadines law, a haven for unregulated brokers. No Tier 1 regulator like FCA or ASIC oversees them.
• False Promises: They lure you in with attractive offers but lack transparency about trading costs and withdrawal policies.
• Negative Reviews: A flood of negative reviews on Trustpilot highlights withdrawal issues and manipulative tactics by their agents.
• Limited Information: Their website is new (since April 2023) and lacks crucial details about fees, spreads, and account features.

Company Overview

Services or Products

Gateway Capital CG offers CFD trading on a limited range of instruments:

• Forex (e.g., USD/AUD, HKD/NZD)
• Commodities (e.g., gold, silver)
• Indices (e.g., DAX30, ASX200)
• Shares (e.g., Google, Facebook)

However, with an unregulated broker, the legitimacy of these instruments is questionable.

If you have lost money to companies like AXEX Coin , or Longhorn FX; please report it to us on our Report a Scam form.

Trading Platform & Leverages

The broker only offers a web-based platform, lacking the security and reliability of established platforms like MetaTrader. Additionally, their high leverage of up to 1:500 is extremely risky and not allowed by reputable regulators.

Spreads and Cost of Trading

Gateway Capital CG is completely opaque about trading costs. Spreads, commissions, and fees are all shrouded in secrecy. This lack of transparency is a major red flag.

License and Regulations

Gateway Capital CG is not regulated by any reputable financial authority. This means your funds are at significant risk. They are not subject to any oversight or consumer protection measures.

Legal Warning Against Gateway Capital CG

Several financial authorities, including the UK’s Financial Conduct Authority (FCA), have warned against Gateway Capital CG, highlighting their unlicensed operation.

Deposit and Withdrawal Methods

There is no information available about deposit and withdrawal methods. Considering the lack of regulation, it’s highly likely you’ll face difficulties withdrawing your funds.

Gateway Capital CG Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky

Unlicensed brokers like Gateway Capital CG operate outside the law. This means:

• No Protection for Your Funds: They are not obligated to segregate client funds, putting your money at risk of misuse.
• Unfair Trading Practices: They can manipulate prices, execute trades without your consent, and make it impossible to withdraw funds.
• No Dispute Resolution Mechanism: If you have a problem, there’s no regulatory body to help you get your money back.

Client Feedback

Client reviews on Trustpilot paint a bleak picture. Users report withdrawal issues, manipulative tactics by agents, and difficulty reaching customer service.

How Can “Reviewsadvice” Help You If You Get Scammed?

Unfortunately, if you’ve been scammed by Gateway Capital CG, getting your money back is difficult. However, “Reviewsadvice” can help by:

• Sharing Your Experience: Warn others about this scam broker by leaving a review.
• Reporting to Authorities: Report Gateway Capital CG to your local financial authorities or you Can report to us today by the below form.