Gas Folex +4 (oilfolexai.com) has been flagged by ASIC (Australia) for "Unlicensed". Ukraine National Securities And Stock Market Commission warning https://www.nssmc.gov.ua/en/activity/insha-diialnist/zakhyst-investoriv/#tab-2 and Spanish National Securities Market Commission (CNMV) warning https://www.cnmv.es/webservices/verdocumento/ver?e=cT%2bNyFNSBDZ8ZYrqs%2fsDlpqsmhmHlGKVzG... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: oilfolexai.com.
Do not use Gas Folex +4 (oilfolexai.com) for anything serious. I used them since the beginning of the year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Copy trading available|High security standards|Fast deposits
Cons: Wish they had more educational resources
My withdrawal request from Gas Folex +4 (oilfolexai.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: Real-time alerts|Market news feed|Clean UI
Cons: Some tools only available on higher tiers|Withdrawal takes 1-2 business days
I wanted to transfer my portfolio from another broker to Gas Folex +4 (oilfolexai.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Reliable uptime|Fast support response|Detailed reporting
Cons: Wish they had more educational resources
Do not be fooled by the professional-looking website. Behind the scenes, Gas Folex +4 (oilfolexai.com) is disorganized and incompetent. I found them through my accountant's suggestion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Transparent fees|Easy withdrawals|Full transparency|Quick verification
Cons: Limited demo account features
The reporting at Gas Folex +4 (oilfolexai.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Risk management tools|Dividend tracking|Copy trading available
Cons: Account statements could be more detailed|Spreads widen during volatile periods
Gas Folex +4 (oilfolexai.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Regular platform improvements|Smooth onboarding|Risk management tools
Cons: Currency conversion fee exists
The platform itself is okay, but the customer service at Gas Folex +4 (oilfolexai.com) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Two-factor authentication|Automated trading options
Cons: No fractional shares
I closed a profitable position at Gas Folex +4 (oilfolexai.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Copy trading available|Reliable uptime|Competitive fees|Regular updates
Cons: No phone support on weekends|Some tools only available on higher tiers
I experienced a security concern with my Gas Folex +4 (oilfolexai.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Clear documentation|Low minimum deposit
Cons: Currency conversion fee exists