Geofaith Capital Limited has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Genera...". Geofaith Capital Limited has a website (www. geofaith.com) and is using the following contact information:
Geofaith Capital Limited
Ground Floor, The Sotheby Building, Rodney Village
Rodney Bay, Gros-Islet,
Saint Lucia
Office no: 302, Al Salemiyah Tower
Rigga Albuteen, Diera
Dubai
U.A.E
Teleph... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www. geofaith.com.
Where do I even begin with Geofaith Capital Limited? for the past year and a half of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Professional team|High security standards
Cons: Limited demo account features
The platform itself is okay, but the customer service at Geofaith Capital Limited 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: Portfolio tracking tools|Segregated accounts|Responsive team|Multiple order types
Cons: Mobile app could be improved
I wanted to transfer my portfolio from another broker to Geofaith Capital Limited. 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: Demo account available|Market news feed|Real-time alerts
Cons: Would like more payment methods
Geofaith Capital Limited 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: Fast execution|Stable platform|Great customer service
Cons: Limited social trading features|No integrated tax optimization
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. Geofaith Capital Limited said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Good mobile app|Fast execution|Copy trading available
Cons: Alert system is basic
I lost a significant amount because Geofaith Capital Limited 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: Full transparency|Multi-currency support
Cons: Research section could be deeper|Desktop app not available on Linux
Do not be fooled by the professional-looking website. Behind the scenes, Geofaith Capital Limited is disorganized and incompetent. I found them through word of mouth in my investment club and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Responsive team|Fast support response|Regular updates
Cons: Limited social trading features|Slow to add new assets
I had a dispute with Geofaith Capital Limited 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: Fast execution|Multi-device support|Risk management tools|No hidden fees
Cons: Onboarding videos are outdated|Website design could be more modern
I was contacted by Geofaith Capital Limited through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Geofaith Capital Limited has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database