General Information About the Broker
Geofaith (geofaith.com) claims to offer CFD, forex, crypto, commodities. It shows profit statistics and a professional homepage. However, BrokersView marked its status as a scam and warned on May 8, 2025. That date shows clear regulatory alarm.
Claimed Licenses and Regulation
The site displays registration in Saint Lucia and Dubai addresses. Still, no regulator licenses appear in Saint Lucia, Dubai SCA, DFSA, or FCA registers. Worse, the Swedish Financial Authority flagged the firm as likely nonexistent. That is a strong red flag.
Trading Conditions
Geofaith broker review notes no transparent fees, no account details, and no commission or spread schedules. Their “tight spreads” promise lacks evidence. They show fake dashboards with steady profits that mislead traders. That hides real trading costs and risk.
Trading Platform and Technology
Their site offers MT5, but reviews show only slick user dashboards—no real trading execution . That means platform claims likely remain superficial. Investors cannot verify any real trade flow.
Client Reviews and Feedback
Recoverly Ltd highlights withdrawal issues, hidden fees, and no real support. One user warns that withdrawal attempts triggered undisclosed fees and account lockdowns. BrokersView also lists it as unregulated scam.
Potential Scam Strategies
Geofaith likely uses professional branding to lure clients. They show fake profit charts to build trust. Then they introduce surprise withdrawal fees. After payments, service stops and the site vanishes. Users end up with losses and no recourse.
Expert Opinion
Based on regulatory warnings, lack of licenses, and deceptive interfaces, Geofaith is unsafe. The warning on May 8, 2025 by Swedish FI confirms its suspicious status. They purposely mimic regulated brokers to mislead users.
Conclusion
The Geofaith broker review reveals clear scam signals. It hides costs, lacks oversight, and uses fake dashboards. We strongly advise against any engagement with Geofaith. Instead, choose brokers regulated by FCA, CySEC, ASIC. Ensure they show transparent fees, real platforms, and verifiable user reviews.
