Brokers  /  GEMFOREX

GEMFOREX

High risk
🇸🇨 Seychelles · 2-5 years · since 2021-12-15 · GEMFOREX LIMITED
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Independent ratingshow third parties score this broker
WikiFX1.49/10
Trustpilot/5
Forex Peace Army/5
51
High risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Registered in Seychelles (offshore, light oversight)
  • 5 user exposure/complaint reports filed
  • Withdrawal complaints in ~125% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing5535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration808%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameGEMFOREX LIMITED
Headquarters🇸🇨 Seychelles
Founded2021-12-15
Years operating2-5 years
Employees0
Official websitegemforex.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods4 methods
Withdrawal methods4 methods
InstrumentsForexMetalsEnergiesIndices
Registered address
Unit S43, Espace Building, Le Chemin De La Fraternite, Ile Du Port, Seychelles

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
FSADerivatives Trading License (EP)SD116Seychelles

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
ELITE1 : 500$3,000 from 0.6--
RAW1 : 500$3,000 from 0.0$3.0
All-in-One1 : 500$50 from 1.3--

Review analysis AI

Across 8 recent Trustpilot reviews, 62% are 1–2 star. The single most common complaint is being unable to withdraw funds (10 reports) — the classic warning sign in forex.

0
Period:
What users complain about
What users praise
Where reviewers are from
Japan5
Australia1
Turkey1
Cyprus1

Real user reviews

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About GEMFOREX

GEMFOREX is a forex and CFD broker based in Seychelles, with records dating to 2021-12-15. It reports oversight from FSA.

FXCanary’s verdict is “Elevated.” There are enough red flags that we’d urge caution before depositing.

Overview compiled by FXCanary from regulatory records and public data. full GEMFOREX review