Gas Folex 40 (oilfolex360.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: oilfolex360.com.
The only good thing about Gas Folex 40 (oilfolex360.com) is that they remind you why regulation matters. I found them after a friend recommended them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Personal attention|Demo account available|Real-time alerts|Good mobile app
Cons: Could offer more webinars
I have been trying to close my account with Gas Folex 40 (oilfolex360.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: High security standards|Excellent charting|Intuitive for beginners|Detailed reporting
Cons: Nothing significant
After for about ten months with Gas Folex 40 (oilfolex360.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Fast deposits|Great customer service|Economic calendar|Dividend tracking
Cons: Live chat only during business hours
Gas Folex 40 (oilfolex360.com) locked my account without warning and demanded documents I had already submitted. for roughly four months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Market news feed|Regular updates
Cons: Limited social trading features
KYC with Gas Folex 40 (oilfolex360.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Customizable dashboard|Wide product range|Personal attention|Smooth onboarding
Cons: Account statements could be more detailed
Do not believe the bonus offer from Gas Folex 40 (oilfolex360.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited while looking for alternatives to my previous provider and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Reliable uptime|Helpful community forum|Segregated accounts
Cons: Some tools only available on higher tiers|Help articles are sometimes vague
The so-called education at Gas Folex 40 (oilfolex360.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about eight months thinking they would help me learn.
Pros: Low minimum deposit|Segregated accounts|Professional team|High security standards
Cons: Minor UI glitches occasionally
I lost a significant amount because Gas Folex 40 (oilfolex360.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Personal attention|Responsive team|Fast deposits|Economic calendar
Cons: Website design could be more modern|Mobile app could be improved