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Is Financial Gates a Scam Broker Without Regulation?

The broker Financial Gates definitely promises a lot. Easy access to financial markets, diverse educational tools, and top-level encryption. But, we’re missing basic details such as the company owner and license number.
In the Withdrawal Policy, this firm claimed to be a brand of Financial Gates Ltd. The Terms and Conditions imply that the governing law is the law of Saint Vincent and the Grenadines. Since SVG has no financial regulator, only companies register, we searched for the owner. Of course, without success.
Additionally, we checked the Financial Gates regulation with Tier1 authorities, such as FCA, ASIC, BaFin, and CONSOB. Once again, with no success.
Simply put, yes. The Financial Gates Forex broker is a scam without regulation.
Financial Gates is not a legit brokerage. The company operates according to laws of Saint Vincent and the Grenadines and has no authorization for providing Forex and CFD trading services.

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