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GawTradingLtd.com is a very typical and standard scammer broker in every way you look at it. It does absolutely nothing unique in this regard; it a general copy paste of most scams we have ever reviewed. If you are, for whatever reason, considering to invest in it, stop what you are doing and read the review instead!
The official registration address of the broker is in the UK, meaning that the company must be regulated by the FCA. Right? Well, not really. A registration address in the UK, as well as a house of companies certificate – included in the site – does not mean that there is an FCA license; and there isn't one. Therefore, if GawTradingLtd.com offers FX trading services from the UK it is doing so without any sort of authorization. As for the certificate, it's probably forged anyway. Even if its not, this house of companies makes it very easy for anyone to be included as a firm. We have seen many a scammers do it! It changes nothing!
In the end, GawTradingLtd.com is unregulated and a risk to all investors.
Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).
There are also no legal documents of any kind, which puts us in a place where there i s actually no legal ground for users to stand on. Anything that GawTradingLtd.com does to you is not regulated, and therefore the broker can manipulate you all it wants.
An easy registration is never the best of signs, especially with unlicensed broker, whose self interest is above all else. An easy sign-up process basically means that GawTradingLtd.com accepts anyone, and statistically speaking, the more people there are that enter the user area, the higher the chances of deposited funds.
The worst part about the whole thing was that there was essentially no trading software at all present there. Meaning that this so -called broker is no broker at all actually; it's a hoax. Without a software, none of the trading conditions apply to it. Therefore, there are no spreads, no leverages, and no tradeable assets.
Instead of a traditional web trader of desktop software, GawTradingLtd.com takes the high road and comes up with the notorious packages, a set of investment plans that are very promising, but only that.
If you're looking for a quick payout, this is definitely not it. An easy payout does not exist, and is not expressed here with these false investment plans. How can any reasonable man or woman expect to receive a payback of any sort tht comes out of nowhere? Not only that, but the packages with GawTradingLtd.com are not even well explained, as there is no return of investment percentage revealed, making the whole deal even more scammer.
GAWTRADINGLTD.COM MINIMUM DEPOSIT
According to the payment area, clients can invest by means of PayPal and a couple of crypto wallets.
There was also no min deposit requirements, in that users can continue with a sum as low as $1. However, the packages are activated if a user deposits at least $200, so we personally consider this to be the minimum deposit requirement.
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.
GAWTRADINGLTD.COM WITHDRAW TIME AND FEES
We get all of the important withdrawal details right from the withdrawal area in the client portal.
And so, the minimum withdrawal amount is $10 for BTC and ETH, and $100 for all USDT transactions. ETH and USDT have a 1 percent commission charge attached to them, while the BTC one has no fee. All withdrawal payment processes are instantaneous.
These may seem like decent withdrawal grounds, but the truth is that there broker is unregulated, and therefore a risk. So, clients should not have invested in the first place.
Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.
Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.
HOW TO RECOVER
The most sound advice we could give you is to immediately file for a chargeback with you credit card company.
If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.
Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!
GawTradingLtd.com is a risk to all and a scam. Don't waste your energy on it.
GawTradingLtd.com compared to other brands
United Kingdom, Cyprus, South Africa, Mauritius
Cyprus, Saint Vincent and the Grenadines