Beware! Geminiltdfx is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Geminiltdfx wants us to believe that it would be a good idea to invest in the financial markets through this established financial services provider. But such trust on our part would be unwarranted. Even a superficial inspection of this poorly designed website reveals numerous clues that we are dealing with yet another online scam. Geminiltdfx is not a genuine forex broker. The sole purpose of this website is to cash in on the hype surrounding cryptocurrencies and scam inexperienced people out of their money.

Geminiltdfx Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

Legitimate forex brokers provide clear and detailed information about the legal entity that owns and operates them, where it is based, what licences it has and which regulators oversee its activities. Lack of such details or improper presentation of them are always a red flag that we are probably dealing with a scam.

Geminiltdfx does not provide access to the Client Agreement and other legal documentation required by a licensed forex broker. The website Terms of Use do not meet the standards for such documentation.

The homepage states that Geminiltdfx is operated by a company named Bitcoin Explore Limited, which is based in the United Kingdom. We see an image of a purported licence, which does not, however, mention the name of the company in question.

In the Terms and Conditions we see a different version – that Geminiltdfx is based in the State of Georgia.

However, Geminiltdfx cannot be found on the records of financial regulators in the UK and the US. But instead we find Geminiltdfx in the database of the Spanish financial regulator CNMV – but not in the list of licensed brokers, but in the one for fraudulent websites.

If you intend to invest in financial instruments, you should beware of the many fake brokers lurking online. Always check carefully whether the broker you choose really has the necessary licences. There are numerous benefits to working with a company that is truly authorised and supervised by a regulatory institution such as the Commodity Futures Trading Commission (CFTC) in the US, Australian Securities and Exchanges Commission (ASIC), UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.  In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

Geminiltdfx Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Geminiltdfx platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

After registering an account, we discover that Geminiltdfx  does not have trading software. This alleged broker does not have the technological capacity to facilitate trading in financial instruments.

Legitimate brokers offer clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The most widely used platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Geminiltdfx Trading instruments


Geminiltdfx advertises forex, cryptocurrency and binary options trading. This in itself is proof that Geminiltdfx could not be a legitimate broker operating in the UK – the FCA prohibits crypto derivatives trading and binary options trading.

Geminiltdfx Spreads and cost of trading

Spread EURUSD0.611.1
Spread GBPUSD1.31.21.4
Spread USDJPY1.31.21.4

When you visit the website of a legitimate broker you will find proposals for different types of trading accounts suitable for investors with different preferences, as well as detailed descriptions of trading parameters – minimum deposit, order execution method, tradable financial instruments, leverage, spread, swap, commissions, etc.

Geminiltdfx provides no such information. After registering an account we get access to a list of investment plans promising high profits and bonuses.

A genuine broker will not and cannot promise you guaranteed profits. In fact, licensed companies are obliged by regulators to warn their clients about the high risk of losses when trading financial instruments.

In addition, financial regulators in the US and UK prohibit brokers from offering bonuses, promotions and prize games.

Geminiltdfx Maximum leverage

UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets. The same rules currently apply to Australia. In the US, the maximum limit is slightly higher at 1:50.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Geminiltdfx Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Crypto24 hours24 hoursFee depends on crypto

Geminiltdfx allows the deposit of funds via cryptocurrencies only. This is typical of financial scammers. Cryptocurrencies are their payment method of choice because on the one hand they allow the scammer a degree of anonymity, and on the other hand they do not allow the scammed to ask for a refund.

While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

Geminiltdfx Minimum deposit

Minimum deposit$200$5$10$5

Geminiltdfx requires a minimum investment of 200 USD. For a considerably smaller amount you could open a trading account with an established forex broker, including the industry’s leading brands.

Geminiltdfx Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
GeminiltdfxNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

Since Geminiltdfx does not provide proper legal documentation, it is unclear what traps the fraudsters may have set. Typically, fake brokers make withdrawing money impossible through huge fees and impossible-to-fulfil traded volume conditions.

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