GatesFX should probably check their St. Lucia regulation.

https://www.gatesfx.com/ 

Dear Investor,

GatesFX is not a regulated broker and does not hold a valid financial license from any recognized authority.

While GatesFX claims to be regulated by the Saint Lucia International Financial Centre (IFC), however, this statement reveals a critical misunderstanding. Although a company named GatesFX Ltd. is indeed registered with the St. Lucia IFC, this only indicates registration as an International Business Company (IBC). Such registration does not equate to regulatory oversight or authorization to operate as a forex broker. In fact, the St. Lucia IFC has publicly stated that it does not license or regulate foreign exchange brokers. This means GatesFX has no legitimate regulatory supervision whatsoever.

Operating without proper licensing from a reputable financial authority is a serious red flag and significantly increases the risk of fraud. We strongly advise you to avoid engaging with GatesFX and to protect your funds by choosing only properly regulated brokers.