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BS GFS

Suspected Fraud

BS GFS

1.66

Industry Tier:
E

🇻🇨Saint Vincent

2-5 years

Contact

Basic Information

Country

Saint Vincent

Industry

Forex

Categories

Services

Shares,Currency,Metals,Indices,Commondities,Futures

Supported Languages

English

Domain Registration

2021-07-06

Status

Suspected Fraud

Entity

Download

Risk Scan

Announcement

Documents

User Reviews

1.66

0 Reviews

All Rating

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Profile & Analysis

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Some content is AI-generated and for reference only; it is not investment advice.

Profile

BS GFSTrader is a forex broker established on June 10, 2021, in Saint Vincent and the Grenadines, primarily offering financial trading services in stocks, currencies, metals, indices, commodities, and futures. Its headquarters are located in Hanoi, Vietnam. This broker does not provide services to jurisdictions where it may violate local laws or regulations.

Corporate Registration Information and Regulatory Status:

According to the official website, BS GFSTrader's registered entity in Saint Vincent and the Grenadines is BS Global Financial Services LLC, with the company's registered address at First Floor, First St. Vincent Bank Ltd. Building, James Street, Kingstown, SVG, and the registration number 1161 LLC 2021. The broker also claims to be authorized by the FCA, ASIC, and FSCA.

Upon verification, the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) lists an entity named BS Global Financial Services LLC, with the registration number 1161 LLC 2021. However, SVGFSA does not issue licenses for forex and financial derivatives, nor does it regulate them. Additionally, the broker's website does not provide registration information with the FCA, ASIC, and FSCA, and these organizations' websites do not list any information regarding this broker. Therefore, BS GFSTrader is not only unregulated but also suspected of false advertising.

BS GFSTrader

BS GFSTrader

BS GFSTrader

BS GFSTrader

Account Opening:

Attempts to open an account revealed that the broker's registration and login interfaces were inaccessible.

Account Types:

BS GFSTrader offers three types of real trading accounts to its users: CLASSIC ACCOUNT, PLATINUM ACCOUNT, and PROFESSIONAL ACCOUNT.

CLASSIC ACCOUNT:

  • Maximum leverage of 1:500
  • Typical spread around 1.5
  • No commission
  • Minimum deposit starts from 100 USD

PLATINUM ACCOUNT:

  • Maximum leverage of 1:500
  • Variable spreads
  • No commission
  • Minimum deposit starts from 5,000 USD

PROFESSIONAL ACCOUNT:

  • Maximum leverage of 1:500
  • Low spreads
  • No commission
  • 24/7 support
  • Starts from 10,000 USD
BS GFSTrader

Trading Platform:

BS GFSTrader offers the MT5 trading platform, provided by BS Global Financial Services LLC.

BS GFSTrader

BS GFSTrader

Deposits and Withdrawals:

The broker's official website does not provide information regarding deposits and withdrawals.

Conclusion:

Traderknows reminds investors that BS GFSTrader is an unregulated broker suspected of false advertising. It is recommended to choose trading platforms with strong regulation and good reputation to avoid unnecessary financial losses. Currently, this broker is marked as "Suspected Fraud" on Traderknows.

FAQ About BS GFS

01

What is BS GFS?

BS GFS is a Forex Broker.

02

When was BS GFS founded?

BS GFS was founded in 2021.

03

Where is BS GFS located?

According to its official website, BS GFS has not yet disclosed its office location.

04

What is BS GFS's official website?

BS GFS's official website is https://gfstrader.com

Industry Tier

E
E
D
C
B
A
S
SS

Social Media

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TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

Risk Warning
TraderKnows provides a comprehensive database of financial companies, with information sourced from public channels or user submissions, for reference only. We do not verify the compliance of individual companies, and the information provided is not investment advice. Users are encouraged to conduct their own due diligence and make informed decisions. If you suspect any company of illegal activity, please report it to [email protected], and we will review and take appropriate action as necessary.
Risk Warning
TraderKnows provides a comprehensive database of financial companies, with information sourced from public channels or user submissions, for reference only. We do not verify the compliance of individual companies, and the information provided is not investment advice. Users are encouraged to conduct their own due diligence and make informed decisions. If you suspect any company of illegal activity, please report it to [email protected], and we will review and take appropriate action as necessary.
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