GateBits Review: Is The “World-Famous Platform” a Fraud?

GateBits - Logo

GateBits promises to take care of your future. You just have to open an account on this platform. However, you shouldn’t trust such promises. Very often, a real scam is hidden under the mask of friendly brokers. Let’s check which category this company belongs to and what reviews traders leave about it.

GateBits General Information

Phone Number +61870713966
Minimum Deposit $250
Assets CFDs
Leverage Up to 1:400
Trading Platform WebTrader

Registration and Client Portal Review

The broker’s official website looks pretty standard. There is very little useful information. Practically nothing is written about the company. The main content is a listing of the advantages of GateBits, and a description of trading accounts and services. Besides, the broker ambitiously calls itself famous all over the world. However, the site is translated only into English. Moreover, traders on Trustpilot about it left only 15 reviews.

GateBits - official site

You can open an account to use a platform on the main page. The registration form includes the following fields:

  • Name
  • Last name
  • Phone number
  • Email
  • Password.

Also, you have to agree with the GateBits Terms of use. Without it, registration cannot be completed.


The Personal Area is combined with the WebTrader. Here you can fund your account, view the history of all deposits and other transactions, and apply for money withdrawals. You also have the option to choose the currency of the account. It can be USD, EUR, or GBP. Later it will be impossible to change the currency.

There is no demo account on Gatebits. So you can immediately follow the link to the platform. There will already be a real account opened for you.

GateBits Trading Conditions

GateBits offers CFD trading for different types of assets. Although the broker calls it next-level trading, there is nothing special about the conditions.

Account Types Review

Name Minimum Deposit (USD) Leverage
Self-Managed 250 1:100
Basic 5,000 1:200
Gold 10,000 1:320
Platinum 25,000 1:300
Diamond 50,000 1:400
Libra Individual Terms

If you choose an account for beginners, you will only have access to a market overview. In the Basic account, which needs to be deposited 5 thousand dollars, you will be assigned a personal manager and given a bonus.

If you fund your deposit by 10 thousand dollars, then you will receive:

  • Trading signals
  • An invitation to VIP events
  • Priority withdrawal
  • Private sessions with an analyst.

These conditions are valid for any of the account types above Gold. Therefore, we do not understand this classification at all. For example, you need to fund your Platinum account by 25 thousand dollars. Then, you will get the same services as in the Gold account, only the leverage will be higher and the spreads lower. By the way, they don’t even specify the size of the spreads. In general, account types are completely absurd. GateBits forces you to pay for dubious additional services that all licensed brokers provide for free.

Trading Platform

GateBits offers clients WebTrader. The company does not have a downloadable app for a PC or smartphones. The terminal is pretty standard. Of course, this is not a broker’s personal development. It is purchased software. Because it does not have a downloadable version, it is quite cheap. Therefore, this platform is popular with many scammers. There are quite a lot of indicators in it, including graphical ones. You can trade on it, but sometimes the terminal takes a long time to load.


GateBits — Deposit and Withdrawal of Funds

On the main page of the site, it is written that you can make deposits and withdrawals using a credit or debit card, or by wire transfer. However, none of these methods are supported in the Personal Area. To find out how you can fund your account, you will need to contact the manager. The withdrawal minimum is $100.


GateBits insists that every client has to pass verification. To do this, you will need to send color copies or scans of the following documents:

  • Passport, ID card, or driver’s license
  • A bill, bank statement, or other documents that contain your name and address (no older than 6 months).

Additionally, if the broker allows you to deposit via the card, it will also require card verification. You’ll need to shoot the card front and back sides, covering the numbers. GateBits reserves the right to request additional documents.

Additional Options

GateBits offers market analysis to all clients, but the qualifications of the broker’s analysts are not confirmed by anything. Besides, you can earn on the affiliate program. However, it is quite strange. First, your referrals need to fund the account with at least $1,000. Then you will receive 10% of their deposit. Secondly, your referral will receive another $500 to the account. Obviously, it will be a bonus. Its detailed conditions are not described.

Is GateBits a Scam?

The broker does not look like a reliable one. Its trading conditions do not correspond to those allowed in the European zone. Besides, we found several signs of a scam.

The broker does not tell anything about its management company. It is completely unclear in which country it is registered. In the contact details, you can only find an Australian phone number. However, the terms and conditions state that all disputes are resolved according to the law of the offshore Saint Vincent and the Grenadines.

It was not difficult for us to check the register of this state. GateBits is not included there. That means that the broker is not even registered as a legal entity. Of course, in this case, it does not have a license for financial services. By the way, Saint Vincent and the Grenadines offshore regulator does not license international brokers at all. So GateBits works absolutely illegally.

GateBits - registry check Domain Info

To be honest, we didn’t hear anything about this project until 2022. The first reviews about it began to appear on the Internet only in August. Therefore, we decided to check the broker’s domain. It turns out that the site was created on July 6, 2022. It means that GateBits is not a “world-known brand” like a company wants us to think.

Domain info

Contacts Review

Contact details are incomplete. Since GateBits is not registered as a legal entity, it does not have an office address either. It is not possible to meet with the project staff in person. Only an email address and an Australian phone number are specified. In any case, support does not answer any emails, either.

More Details

In the Terms of Use section, GateBits completely disclaims any responsibility for any monetary loss. So they can’t be sued. Formally, clients agree with these terms.

Pros and Cons

  • Many assets. 
  • No real address.
  • Ridiculous additional services.
  • No license.
  • Negative reviews from clients.
  • No official registration.
  • Refusal of any responsibility.



GateBits Summary

GateBits - Favi

As you can see, the ❝world-famous platform❞ has been operating for only a few months. This broker definitely belongs to the fraudulent ones. It doesn’t have an official registration or a license to work. It is not worth trading with it. Otherwise, you can completely lose your deposit.

Website information content 5
Client portal 5
Trading conditions 3
Trading platform 4
Deposit and withdrawal 2
Verification 4
Extra options 4
Licenses and guarantees 1
Work duration 1
Feedback 1

Frequently Asked Questions (FAQ)

What is

It is a website where you can trade CFDs on different assets.

How Much Money Should I Invest With GateBits?

According to the broker’s terms and conditions, the minimum deposit is $250.

Is GateBits Legit?

No, it’s not. GateBits has no financial license. Its website is less than 6 months old, and there is no way to contact the company.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Josh

    Worst scam broker

    Of course, I knew about the existence of scams in the field of trading, but I never thought that I would fall for such scammers. Gatebits seemed like a decent broker at first. They described a lot of good conditions to me. I wanted to start with a small amount of $1,000. However, even my first deposit didn’t get credited to the account. They stole my money. Thank God it was just $1,000. Never trust these pieces of scam.

  2. Maria


    Once again, I am convinced that if something is actively advertised to you, then it is clearly not in your interests. GateBits managers called me themselves. They convinced me to start trading here. They promised to double the first deposit and to give me various bonuses for my earnings. I transferred $500 and received $500 more. Everything is fair here (as it seemed to me then). I got a profit pretty quickly. A few days later I tried to withdraw 200 dollars. My application was on the list for about a day. And then my account was blocked. Think for yourself.

  3. Nikki

    Can’t contact anyone

    Scammers! Complete assholes! Do not contact them, even if they will persuade you. They simply want to cheat you for money. It also happened to me. Now I can’t contact anyone to close my account and withdraw my deposit.

  4. Rudolph mcneil

    Account lost on gatebits

    Lost my account on gatebits since February still hasn’t recover it.