Financial Gates is a broker that promises stability and prosperity. However, during a detailed review of its website, our editors did not find any positive facts. There is no legal address, license, or names of the leaders. In this article, we will determine if they are scammers.
- Financial Gates General Information
- Registration and Client Portal Review
- Financial Gates Trading Conditions
- Account Types Review
- Trading Platform
- Financial Gates — Deposit and Withdrawal of Funds
- Education and Analysis
- Is Financial Gates a Scam?
- Legal Information and License
- Financialgates.io Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Financial Gates General Information
|Leverage||From 1:100 to 1:500|
Registration and Client Portal Review
On the main page, there is a short promotional video about the work of traders, the dynamically changing market, and the opportunities that Financial Gates opens up.
In the “About us” section, they talk about their ambitions, dreams and goals, but forget to mention the names of the founders and the presence of a license.
By the way, in the middle of the main page, quotes for the main instruments are shown as a running line. They refer to the broker’s terminal, but where it gets the liquidity from is unknown. It is better to personally check what services Financial Gates offers us. Go ahead!
The client has to fill out a short form. As always in such cases, enter your name, contact details and create a password. Please note that the list of available countries is quite small and includes about 50-60 states.
After entering the data, you will immediately be taken to the Financial Gates client portal. It is combined with a trading terminal. The price chart for the selected asset is in the center of the page.
In theory, here you can deposit your account, change personal data, send documents for verification, etc. In reality, it turns out that there is simply no verification tab. You can deposit in a mysterious way only after consulting with managers; there is also no technical possibility on the site.
Financial Gates Trading Conditions
Financial Gates offers to invest in world markets with maximum profit. It does not matter where the client is located, because trading is carried out remotely.
Account Types Review
The service is based on choosing a tariff from 6 available ones. They differ in the amount of deposit and the number of trading assets.
|Name||Minimum Deposit, USD||Leverage||Spreads|
According to the founders of Financial Gates, premium trading conditions will suit the most daring traders. They allow you to reveal your potential and achieve financial independence.
It’s curious that the VIP account has three tiers:
- Passive Income ($100,000)
- Retirement ($150,000)
- Financial Gates Elite ($250,000).
It is not very clear what all this means. There is no description. To participate in the program, the system offers to register, but there is no such functionality in the client portal.
The broker has WebTrader, which works without downloading. You can enter the terminal from any device connected to the Internet.
The platform has a lot of indicators and timeframes. There are different types of orders. However, you still won’t be able to test it in action, since there is no demo account. Financial Gates insistently requires you to deposit money.
Financial Gates — Deposit and Withdrawal of Funds
According to the FAQ, you can fund your account in one of the following ways:
- Credit cards
- Wire transfer
You can deposit and withdraw funds only to the same details. The commission is only for withdrawal and is 1% of the transfer amount. (Not less than $30 and not more than $300).
Please note that in the Withdrawal Policy Financial Gates also mentions Bitcoin as a payment method. Moreover, in the client portal, it is possible to specify only the address of the bitcoin wallet. Whether banking methods are actually used is unknown.
Client verification means the requirement of documents:
- State proof of identity
- Address confirmation
- Credit card confirmation (if it’s used for payments).
Unlike other brokers, we again did not find the form for uploading documents in the client portal. Financial Gates seems to be too lazy to develop and implement the features it claims.
Education and Analysis
However, Financial Gates is trying to educate newcomers to trade. So, in the FAQ you can see answers to popular questions: how to open an account, make a deposit, and use the platform. The site also has a glossary with explanations of trading terms and a guide on all the assets used. You can view the trading hours and expiry price for any instrument.
Besides, Financial Gates publishes e-books about Forex, trading methods, and market strategies. The books are in a convenient viewer; it is easy to interact with them. However, we cannot call the information they contain specific or in-depth. The authors describe the most general concepts and do not illustrate them with examples.
Finally, in your client portal, Financial Gates offers to invite referrals. (There is no such information on the site). According to the terms, if your referral deposits more than €1,000, you will receive a 10% commission once. Doesn’t sound like deposit terms, does it?
Is Financial Gates a Scam?
During the writing of the article, we also found other disadvantages. You can’t do business with a company that has similar problems.
Legal Information and License
The founders of Financial Gates say that they have a successful formula for trading on the exchange. They will solve all customer problems. At the same time, where and when the company appeared is unknown. There are no documents or certificate numbers.
Based on the Australian phone number, that’s where their head office should be. We have not found a legal entity in the Australian registry at https://abr.business.gov.au/. The most similar company, Finance Gates, obviously has nothing to do with the subject of this review.
Without official registration, the broker cannot obtain a license from the regulator, although it is no even mention about it.
Financialgates.io Domain Info
It is not known when Financial Gates was founded. The website does not have such information. Nowhere is there any mention of the period of work or the year it began.
According to whois, the domain was created in February 2022. Thus, the project is fresh and does not have the necessary experience and a large customer base.
The article has been updated. Please note that this domain is currently unavailable. On January 25, 2023, a new domain https://financialgates.io/ was registered. Now it is actively promoted on the Internet.
Contact methods include:
- Australian telephone
- Feedback form
- Live chat.
The number is unknown on the Internet, and other methods are unreliable. The operators are quick to respond via chat but do not disclose any information.
For all questions, they redirect to a call with a Financial Gates representative. Why can’t the problem be solved online?
Pros and Cons
- Educational materials.
- Live chat.
- No legal registration.
- Fake name.
- No demo account.
- Strange client portal.
- Short term of work.
- Incompetent operators.
Frequently Asked Questions (FAQ)
You can trade over 200 assets with it.
On the line of accounts, the minimum deposit is $250.
We don’t think so. Financial Gates tried to create a beautiful legend for itself, but it has no legal basis.