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The WikiFX Score of this broker is reduced because of too many complaints!

Gusto Fortune

Australia Australia | 1-2 years |
ECN Account Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://gustofortune.com/en

Website

Rating Index

Contact

+971 4 264 7377
https://gustofortune.com/en
Ground Floor, The Sotheby Building, Rodney Bay, P.O Box 838,Gros-Islet, Saint Lucia
The WikiFX Score of this broker is reduced because of too many complaints!

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Australia
Operating Period
1-2 years
Company Name
Gusto Fortune Limited
Email
support@gustofortune.com
Contact Number
+97142647377
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • United States gustofortune.com
    160.153.0.158
  • Singapore gfmfx.com
    194.233.83.62

Company Profile

Company Profile

Review summary

CategoryCompany Info
Registered CountryRegistered in Australia, 2 - 5 years, .
Regulated StatusASIC-regulated
ProductsForex, commodities, stocks, indices
Min deposit$100
Max Leverage 1:5001:500
PlatformsMT5
SupportEmail, phone, chat. Multilingual, 24/5. No 24/7.
AccountsECN, Standard, Cent

Overview of Gusto Fortune

GFM is a company registered in Australia, established 2-5 years ago, and regulated by ASIC. They offer trading instruments such as forex, commodities, stocks, and indices, with a minimum initial deposit of $100 and a maximum leverage of 1:500. GFM provides trading platforms such as MT5. They also offer 24/5 multilingual customer support and a range of educational resources.

In the following article, we will analyze the broker's features from various aspects, providing you with easy-to-understand and well-organized information. If you are interested, please continue reading.

Overview of Gusto Fortune

GFM Pros and Cons

ProsCons
Regulated by ASICLimited operating history of only 1-5 years
Multiple account types with competitive spreads and commission feesNo mention of bonuses or promotional offers for traders
Variety of trading instruments, including forex, commodities, stocks, and indices
User-friendly trading platforms, such as MT4
Maximum leverage of 1:500
Most deposit and withdrawal methods are free of charge

Regulated Status

Gusto Fortune is regulated by the Australia Securities & Investment Commission. Its registration status is General Registration, the license type is Common Business Registration, and the license number is 646 550 021.

Regulated Status

Trading Platform

Gusto Fortune Markets utilizes the MetaTrader 5 trading platform (MT5), targeting experienced traders. It supports automated trading and provides market signals based on the strategies of experienced traders. MT5 features live quotes, real-time charts, in-depth news and analytics. It can be downloaded for use.

Trading Platform

Market Instruments

GFM offers four main trading instruments: forex, commodities, stocks, and indices. There are over 50 currency pairs, covering majors, minors, and crosses. Trading these instruments enables traders to profit from market fluctuations, given their adequate knowledge and experience in the complex financial markets.

However, it also entails risks like market volatility, high leverage, and potentially significant losses.

GFM Account Types

ECNStandardCent
Maximum Leverage1:500--1:200
Minimum Deposit$100$100$30
Minimum SpreadFrom 0from 1.3from 2.5
Commission$3----

GFM Spreads and Commissions

The account types include ECN, Standard, and Cent.

ECN has a maximum leverage of 1:500, a minimum deposit of $100, a minimum spread starting from 0, and a commission of $3.

The Standard account has a minimum deposit of $100 and a minimum spread starting from 1.3, while the details of its maximum leverage and commission are not provided.

The Cent account has a maximum leverage of 1:200, a minimum deposit of $30, a minimum spread starting from 2.5, and the commission information is not available.

GFM's Maximum Leverage

GFM offers a maximum leverage of 1:500, which allows traders the potential to amplify their profits and make larger trades with less capital.

However, high leverage also significantly increases the risk of losses, especially for traders who lack experience or do not fully understand the risks. High leverage can provide flexibility in trading strategies and potentially competitive trading conditions, but traders should be aware of the potential risks and ensure they have a sound risk management plan.

Deposits and Withdrawals: Methods and Fees

GFM does not specify the methods and fees for deposits and withdrawals on its official website.

GFM Customer Service

GFM can be contacted via email (gfmhkhk@gmail.com), phone, and online chat. Its website is available in multiple languages, facilitating customers who use different languages. The customer support staff are knowledgeable and respond promptly to inquiries, which is highly beneficial for customers needing assistance during trading activities.

Nevertheless, the company does not offer round-the-clock customer support. This could be a drawback for some traders who require help outside of regular working hours. Moreover, GFM does not support certain social media platforms, and local phone numbers might not be available in some regions. Lastly, there is no dedicated account manager serving all customers, which may disappoint those traders who prefer more personalized service.

Conclusion

Overall, GFM is an online trading broker that provides traders with popular and mainstream financial instruments, including forex, commodities, as well as a variety of payment methods for deposits and withdrawals. In addition, GFM offers customer support in multiple languages.

Company Profile

  • 1-2 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is it risky to trade with Gusto Fortune?

Yes, trading with Gusto Fortune involves a high-risk profile, as WikiFX data indicates it holds no valid authoritative forex trading licenses and presents a severe risk warning due to the complete absence of regulatory oversight.

04-02
United States

What regulatory licenses does Gusto Fortune hold?

Gusto Fortune operates without any verified mainstream regulatory licenses; according to its profile, it has no active authorizations from recognized financial authorities, which means client funds are not protected under standard compensation schemes.

04-02
United States

When was Gusto Fortune established?

Gusto Fortune Limited, the company behind the broker, was established relatively recently and has been in operation for 1-2 years, having registered its operations in Australia.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States
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You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
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