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GMGroup Broker Review
- 350+ Tradable Assets
- The minimum deposit fee is high
- Not strictly regulated
Overview
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FAQ
GMGroup Broker Review – GMGroup.pro is a Scam According to the FCA
We had to investigate further once we discovered that GMGroup broker is owned by Infinium Solutions Ltd. Their other scam brand, FCTrading, has already been blacklisted in Spain. Is the scheme repeating under a different name?
Here’sHere’s our honest review of GMGroup.
Please read our updated reviews of NFT FX, OBFX, and PrimeDeltas brokers to improve your trading knowledge first.
- The broker is an offshore broker.
- Regulated by: Unlicensed Company / No Regulator
- Websites of scammers: gmgroup.pro
- Trading Status: Active Forex Scam
- Listed as a scam by FCA
- Infinium Solutions Ltd. is the broker’s owner.
- The Commonwealth of Dominica is the country of headquarters.
- The year of foundation: 2021
- Trading platforms: Webtrader
- Trading on mobile devices is only possible via the web.
- Minimum deposit: $250
- Bonus: 15-25% on deposits
- Trading Crypto Assets: Available
- Yes, CFDs can be traded
- The following instruments are available for trading: Forex (FX) / Commodities / Shares / Indices / Cryptocurrencies (Cryptos)
- Leverage maximum: N/A
- Islamic Account: Not Available
- Free Demo Account: Yes
- Accepts US Clients: US traders are not accepted
- Global Fraud Protection Experts’Experts’ Verdict: Don’t Invest in This Scam Broker!
Is GMGroup Regulated? – Important Facts
Infinium Solutions Ltd owns GMGroup, which is based in the Commonwealth of Dominica, Investcorp, TopTradeGroup, and more share an address with this fraudulent firm. Dominica’s regulator isn’t the strongest we’ve seen, so even if GMGroup had this license, investors wouldn’t benefit much since no compensation fund exists.
What’sWhat’s Wrong With A License? – Beware Of Fraud
The FSU or any other regulator does not regulate GMGroup. Neither are they with Tier1 license providers like FCA, ASIC, or BaFin. Getting your money back after losing it to an illicit broker is challenging, so you should be careful.
Scam Warnings Against GMGroup
There have been many complaints against the scam company GMGroup, which has led the UK regulator to issue an official warning.
Official Warning Issued by FCA – Evidence of Fraud
GMGroup Forex broker is a clone of Global Markets Group Limited from the UK, and it is falsely representing its products to clients, according to the UK regulator FCA. There is no license for GMGroup, and it operates illegally.
Where Is GMGroup Trading Scam Active?
Trading scams associated with GMGroup are primarily active in:
- Canada
- the UK
- Germany
- Spain
- Australia
However, you can be defrauded wherever you are because it’s an offshore firm without regulation. Avoid scams and offers from illegal trading firms to avoid falling victim to them.
GMGroup Welcome Bonus Scam
In addition to your initial deposit, you’ll receive GMGroup’sGMGroup’s 15-25% bonus. You will not be able to withdraw these funds, and all profits must be repaid 25 times before you can withdraw profits.
Accepting bonuses is usually just another way for the broker to delay your payout. .
Scammed By GMGroup Broker? – Talk To Our Recovery Experts
Finally, if the GMGroup has scammed you, please let us know. With Global Fraud Protection’s recovery specialists, you may be able to get your money back.
Keep your money safe from scammers. We can help you get your money back—schedule a free consultation right now!
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FAQ Section:
What Is GMGroup, And Should I Invest Money In It?
GMGroup offers online Forex and CFDs without a license, so it is not worth your money.
Can I Trade Cryptocurrencies And CFDs With GMGroup Broker?
A GMGroup broker offers crypto and CFD trading.
Does GMGroup Give a Deposit Bonus When Opening an Account?
GMGroup offers an initial deposit bonus of 15-25%.
Is GMGroup a MetaTrader 4 Forex Broker?
The GMGroup offers only a Web trader and is not an MT4 broker.
Are My Funds Safe With GMGroup?
GMGroup, an offshore scam company, does not protect your funds.