A regulator warning has been issued by Canadian authorities against GeminiPro in September 2023
GeminiPro is a broker that claims to offer trading services in various financial markets, such as forex, stocks, commodities, and cryptocurrencies. The broker claims to have a user-friendly platform, competitive spreads, fast execution, and excellent customer support. However, there are some red flags that suggest that GeminiPro might not be a legit broker.
First of all, GeminiPro does not provide any information about its regulatory status, location, or ownership. This means that the broker is operating without a license and without any oversight from a reputable authority. This exposes the clients to a high risk of losing their money or being scammed by the broker.
Secondly, GeminiPro offers unrealistic and misleading promises of high returns and low risks. The broker claims that its clients can make up to 85% profit in just 60 seconds, and that it has a 99% success rate. These claims are not backed by any evidence or verifiable track record, and they are contrary to the nature of trading, which involves inherent risks and uncertainties.
Thirdly, GeminiPro has received numerous complaints and negative reviews from its former and current clients. Many users have reported that the broker is unresponsive, unprofessional, and dishonest. Some users have also accused the broker of manipulating the prices, blocking withdrawals, and closing accounts without explanation.
Therefore, based on these facts, we conclude that GeminiPro is not a legit broker, but rather a scam that should be avoided by all traders. We advise our readers to only deal with regulated and reputable brokers that have a proven history of providing quality services and protecting their clients’ funds.
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