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.
My card was charged twice by Geofaith Capital Limited on the same day. I had to dispute it with my bank. Geofaith Capital Limited 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: Smooth onboarding|Fast execution|Wide product range
Cons: Nothing significant|Research section could be deeper
I referred a friend to Geofaith Capital Limited after seeing their ad online. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Two-factor authentication|High security standards|Smooth onboarding|Dividend tracking
Cons: Wish they had more educational resources|Inactivity fee applies after 12 months
For anyone considering Geofaith Capital Limited, please be aware that this company has been flagged by Finansinspektionen. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
Geofaith Capital Limited offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: High security standards|Helpful community forum|Economic calendar
Cons: Currency conversion fee exists
I have been trying to close my account with Geofaith Capital Limited 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: Fast deposits|Fast support response
Cons: Wait times can be long during peak hours