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GatesFX is a forex broker located in Saint Lucia, regulated by the Financial Services Regulatory Authority (FSRA).
GatesFX is also a registered Financial Services Provider (FSP number 46087) licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.
GatesFX accepts clients from all over the world, excluding New Zealand, Israel, Iran, North Korea and most other countries blacklisted by the FATF.
Forex broker offers the following underlying assets for trading.
| 40+ Currency Pairs | Based on major and minor world currencies. |
| 10+ Crypto Pairs | Based on various top-rated coins and tokens. |
| 12 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 4 Metal CFDs | Based on Gold, Silver, Platinum, Palladium. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 50+ Stock CFDs | Based on shares of US, UK and EU companies. |
GatesFX is an offshore forex and CFD broker that has been operating since 2014 and is headquartered in Saint Lucia, a popular offshore jurisdiction among forex brokers. Over the years, GatesFX has built a presence primarily among retail traders looking for flexible trading conditions, high leverage, and the opportunity to fund trading accounts with crypto.
From a regulatory perspective, GatesFX is regulated by the Financial Services Regulatory Authority (FSRA) in Saint Lucia. In addition, the company is also registered as an “Authorized Financial Services Provider” in South Africa, but there is no mention of any physical presence in that country. Still, it's worth noting that while Saint Lucia regulation is generally considered lighter than that of major onshore jurisdictions, the South African registration adds a layer of credibility.
GatesFX offers a fairly broad range of tradable instruments. Forex traders have access to more than 40 currency pairs covering major and minor markets. Crypto traders can trade over 10 crypto pairs based on popular digital assets, while others can choose from a small selection of indices, metals, energies, and around 50 US and European stocks.
Like almost all forex brokers we have reviewed here on FX-List, GatesFX offers its clients a range of different account types:
– 100% Deposit Bonus Account, with a $10 minimum deposit, spreads from 1 pip, and flat $15/lot commissions
– STP Standard Account, with a $25 minimum deposit, spreads from 1 pip, and no commissions
– ECN Raw Spread Account, with a $500 minimum deposit, spreads from 0 pips, and $7/lot commissions
Leverage is offered up to 1:500 for the Deposit Bonus and Standard accounts, while the ECN Raw account offers up to 1:1000 leverage. This is significantly higher than what is permitted in most regulated markets, and we should note that such high leverage requires strong discipline and risk management to avoid liquidation.
In terms of trading platforms, GatesFX supports the legendary MetaTrader 5 (MT5) both in its classic downloadable version and in the web version. Additionally, the broker has developed its own TradingView-powered platform known as Tradelocker. This is a more modern trading platform with a very intuitive interface that still provides access to all of the tools that even more advanced traders would need. Tradelocker can be used on both web and as an app on mobile devices.
The broker has also announced plans to launch its own copy-trading service, which would allow strategy providers and followers to interact within the platform. At the time of this review, the website only states that this is “coming soon”, with no further details provided.
Funding and withdrawals are another area where GatesFX stands out. The broker supports traditional credit card deposits alongside cryptocurrency funding options, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Additionally, popular e-wallets like Skrill, Neteller and LocalPay are supported, but it's worth keeping in mind that the available options may vary depending on geographic region.
GatesFX accepts clients from most countries worldwide, though it does exclude residents of New Zealand, Israel, Iran, North Korea, and other jurisdictions on the FATF sanctions list. The United States is not listed as a restricted region on the broker's website, meaning US residents should be able to sign up as clients.
Overall, GatesFX presents itself as a flexible forex broker that offers high leverage, an interesting lineup of platforms, and a decent selection of trading instruments. It's worth reiterating, however, that it is partly based offshore, and as we always say about offshore brokers, some caution should be exercised before depositing money with it.
