Forex Brokers

South Gate Commercial

1.5 (15 reviews)
🇳🇿 New Zealand
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1.5
15 reviews
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About South Gate Commercial

South Gate Commercial has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

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Customer Reviews

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Listed in warning databases - be aware

F
Frank W.
4 weeks ago

This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.

Cons: Appears in regulatory warnings database|Uncertain regulatory status

Market maker conflict

V
Vanessa H.
1 months ago

After spending for over a year trying to make South Gate Commercial work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.

Pros: Dedicated account manager|Educational resources|Instant funding

Cons: Could offer more webinars

Disappointing experience overall

A
Amber J.
2 months ago

The platform at South Gate Commercial is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since early this year of dealing with this, I have had enough.

Pros: Responsive team|Multi-currency support|Two-factor authentication|Excellent charting

Cons: Cannot customize dashboard fully

Email support takes 2 weeks

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William M.
2 months ago

KYC with South Gate Commercial 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: Dedicated account manager|Two-factor authentication|Easy withdrawals|Regular updates

Cons: Account statements could be more detailed|No crypto staking

Proceed with extreme caution

R
Richard V.
2 months ago

Several red flags with South Gate Commercial: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.

Cons: Listed in warning databases|No transparency|Pressure to invest quickly

Would give negative stars if possible

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Christopher Y.
2 months ago

Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. South Gate Commercial recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.

Pros: API access|Real-time alerts|Instant funding

Cons: No live chat on mobile|No phone support on weekends

Currency margin requirements unclear

S
Sophia R.
3 months ago

Where do I even begin with South Gate Commercial? since the beginning of the year 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: Regular updates|Responsive team|Easy to use platform

Cons: Inactivity fee applies after 12 months

Platform manipulated during volatility

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Andrew Z.
6 months ago

My withdrawal from South Gate Commercial was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I opened my account last year of being strung along.

Pros: Multi-device support|Instant funding|Customizable dashboard

Cons: Currency conversion fee exists|Desktop app not available on Linux

The support team is useless

K
Kevin J.
7 months ago

I had a dispute with South Gate Commercial 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: Detailed reporting|Stable platform|Automated trading options

Cons: Help articles are sometimes vague|Inactivity fee applies after 12 months

A masterclass in how not to run a business

L
Lily F.
8 months ago

What really bothers me about South Gate Commercial is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after a friend recommended them and I fell for the polished exterior. Never again.

Pros: Intuitive for beginners|Easy withdrawals|Tax reports included

Cons: Wait times can be long during peak hours|Email notifications too frequent