Comprehensive Review of Gracex

Gracex claims that its clients can practice both spot and margin trading, and most of their services have a big emphasis on CFD trading. It also provides extra services such as bonus offers, spread cuts, demo accounts, etc., all under a marketing scheme claiming the dealer is “reliable, professional.” However, traders have nothing to say about its reliability or professionalism, as almost all reviews are negative. So, let’s find out if this company is some scam or not.

Highlights

Key Trading Features

Gracex focuses on CFDs but also declares to support traditional spot trading. The official website has an account comparison table, though the details of the partnership terms are only partially disclosed. Users can choose among several account types: Standard, Pro, VIP, Free, Zero, and Fix.

The minimum deposit to open an account is $100. Although there is also a Free account where one can trade from $1, the maximum balance on it cannot exceed $500, so it can only be perceived as a training one. The leverage varies from 1:100 to a very risky 1:1000.

Moreover, the leverage that Standard account provides is 1:1000, which is far from regular for licensed brokers and creates a high risk of substantial losses on the side of traders.

The firm guarantees the instant execution of trades with spreads starting from 0 up to 1.2 points. The stop-out level begins at 20%. Needless to say, the major flaws of these trading conditions are the very high risk of depletion of account balance, as well as the too-inflated spread and leverage.

Besides, this platform doesn’t provide traders with access to trading signals that may notably facilitate their decision-making process.

Overview of Available Trading Instruments

Gracex says it provides more than 511 trading instruments: currency pairs, cryptocurrencies, indices, and metals. At the same time, the range of available assets does not grow with an increase in the initial deposit. The broker continues to focus heavily on CFD tools.

The reliance on CFDs introduces several problems. Since the dealer effectively acts as the counterparty to each trade, it has a vested interest in the outcome of trades, potentially manipulating results in its favor. Moreover, the company does not collaborate with any external liquidity providers, further raising concerns about the integrity of its trading environment.

Trading Platform Analysis

Gracex claims to utilize one of the most well-known platforms, MetaTrader 5, available both in desktop and mobile versions. The given platform supports a huge number of tools: indicators, oscillators, strategy implementation. Download links are presented on the official company’s website.

While ‌MetaTrader 5 is a relatively good platform, the bad reputation of the company raises concerns about the safety of trading with it. There are several complaints about the manipulative practices of the managers of Gracex, such as simulation of successful trades and manipulation of the prices of assets. As mentioned, the lack of any partnerships with liquidity providers and heavy reliance on CFDs are other major issues.

Additional Services

Gracex offers a few unique services for either a beginner or a professional trader. The most basic feature is the ability to open a demo account. The company also promotes bonus offers, but these bonuses are credited at the discretion of the management and are tied to the type of account and the initial deposit.

The MetaTrader 5 platform is equipped with educational resources such as a guide for beginners, an economic calendar, and a news feed. Although the company boasts 24/7 customer support, this is hardly effectively offered, as can be read from many user reviews.

Fee Structure

Gracex provides limited transparency with regard to its fee structure: while some details about trading commissions were disclosed, transaction fees and account charges were mentioned vaguely. The company mentions the possibility of charging withdrawal fees and inactivity fees, without providing further details.

Commissions are between $7 and $10 per trade, depending on the financial instrument traded. Fees for some types of trades, like cryptocurrencies or stocks, could be as high as 0.40% per order. In fact, all these fees added to the vague withdrawal policy further increase the suspicion that this is a scam website.

Legitimacy of Gracex

Gracex claims to operate in accordance with the law and displays copies of some supposedly issued licenses on its website. But seemingly, this turns out to be just another trick directed at fooling the amateur clientele. The license presented appears to have been issued by a useless body. Indeed, who in the trading community or in life in general has heard of Anjouan? Or can determine its location?

To be serious, the firm claims to be registered offshore, which is already one of the key red flags designating a potential scam. Dealing with licensed offshore companies remains risky if such companies are regulated by lower-level authorities. That raises serious questions about the safety and legality of trading with the dealer.

Moreover, traders who have contacted Gracex often report losing money, either early on after depositing or during the CFD trading phase. Legal methods for recovering money seem to be very limited or impossible altogether.

Company History

The “About Us” section on Gracex’s website is hardly more than superficial, talking about various privileges and guarantees that do not exist. The company keeps the year of its establishment and other important information secret. Hiding such data is one of the signs of Scam; you can also see the same tactics in the atlaslc.com review.

Domain registration checks reveal that the dealer has been in business since the second half of 2024. That recent entry into the market probably explains its low brand recognition and negative reviews, as well as frequent accusations of fraud.

Conclusion

Gracex is not a good broker because it’s not regulated onshore, has an incredibly bad traders’ review, and tries to hide vital information on the fee scheme and its offshore registration. Of course, such conditions make us strongly advise against investing with this broker.

Weighing the Pros and Cons

Common Questions