GFED (CLONE) has been flagged by Comisión Nacional del Mercado de Valores for "Registered/Licensed entity impersonators". Through e-mail addresses such as [email protected], present themselves as employees of GESTION FONDO ENDOWMENT, AGENCIA DE VALORES, S.A. (https://gestionfondoendowment.es), duly registered in Spain as an Investment Services Company, under number 300. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The mobile app from GFED (CLONE) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Stable platform|Intuitive for beginners|Smooth onboarding
Cons: Limited ETF selection
I closed a profitable position at GFED (CLONE) 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: Dividend tracking|Detailed reporting|Regular platform improvements|Fast execution
Cons: No phone support on weekends|Email notifications too frequent
Do not use GFED (CLONE) for anything serious. I used them since last summer 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: Intuitive for beginners|Professional team|Economic calendar|Market news feed
Cons: Nothing significant|Spreads widen during volatile periods
I referred a friend to GFED (CLONE) from a review site like this one. 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: Smooth onboarding|No hidden fees
Cons: Minimum deposit could be lower|Search feature is basic
I gave GFED (CLONE) a fair chance. After for close to eighteen months 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: Demo account available|Comprehensive tools
Cons: No fractional shares|Charting tools need more indicators
GFED (CLONE) 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: Educational resources|Copy trading available|Social trading features|Good mobile app
Cons: No phone support on weekends|Minor UI glitches occasionally
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that GFED (CLONE) 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.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
GFED (CLONE) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Fast execution|Low minimum deposit
Cons: Limited demo account features|Limited ETF selection
Do not believe the bonus offer from GFED (CLONE). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a trusted YouTuber reviewed them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Clear documentation|Regular platform improvements
Cons: Could offer more webinars|Limited social trading 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. GFED (CLONE) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Personal attention|Portfolio tracking tools
Cons: Live chat only during business hours