Gas Folex +4 (oilfolex.com) has been flagged by ASIC (Australia) for "Unlicensed". Spanish National Securities Market Commission (CNMV) warning https://www.cnmv.es/webservices/verdocumento/ver?e=cT%2bNyFNSBDZ8ZYrqs%2fsDlpqsmhmHlGKVzGKYDPXP7jQPj57IXgF7VdIcuAns0KKL
Phones: +6567018000
Addresses: 30 Prinsep Street 188647 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: oilfolex.com.
I have been trying to close my account with Gas Folex +4 (oilfolex.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Demo account available|Detailed reporting
Cons: Limited demo account features
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Gas Folex +4 (oilfolex.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Wide product range|Competitive fees|Excellent charting
Cons: Limited cryptocurrency options|Alert system is basic
My card was charged twice by Gas Folex +4 (oilfolex.com) on the same day. I had to dispute it with my bank. Gas Folex +4 (oilfolex.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Comprehensive tools|Great customer service|Multi-currency support
Cons: Help articles are sometimes vague|Currency conversion fee exists
I am in a dispute with Gas Folex +4 (oilfolex.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: API access|Fast deposits
Cons: Search feature is basic
I had a dispute with Gas Folex +4 (oilfolex.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Economic calendar|Dedicated account manager|Copy trading available|Market news feed
Cons: No integrated tax optimization
I gave Gas Folex +4 (oilfolex.com) a fair chance. After since mid-2025 of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Quick verification|Competitive fees|Regular platform improvements
Cons: No crypto staking
My withdrawal request from Gas Folex +4 (oilfolex.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Helpful community forum|Instant funding|Personal attention|Intuitive for beginners
Cons: Spreads widen during volatile periods|Search feature is basic
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Gas Folex +4 (oilfolex.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Tax reports included|Economic calendar|Fast execution|Multi-currency support
Cons: Account statements could be more detailed
Customer support at Gas Folex +4 (oilfolex.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: High security standards|Tax reports included|Clear documentation|Regular platform improvements
Cons: Research section could be deeper
The platform at Gas Folex +4 (oilfolex.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for a couple of months now of dealing with this, I have had enough.
Pros: Customizable dashboard|Dedicated account manager
Cons: Slow to add new assets