GXCM Broker Review

GXCM Broker Review – Is GXCM.Finance Broker Scamming People?

You might be shocked when you glance at the GXCM broker’s website. According to the company’s website, it has offices in Switzerland, Poland, the UK, Italy, Nigeria, and Australia.

Everything in their trading zone appears legitimate, and everything has been covered. Don’t rush into opening an account just yet.

Read our honest GXCM review and discover everything you need to know! Before we proceed, we recommend you read our recently updated reviews of Hackford Trade, InstaForex, and Axiance brokers.

1. Status of the broker: Unregulated
2. Registered with: Unlicensed Scam Broker
3. Websites of scammers: www. GXCM.Finance
4. Forex Trading Scam: Active
5. List of scams blocked by: FCA, FINACOM
6. Owner of the broker: GXCM Ltd.
7. Country of headquarters: N/A
8. Year of foundation: N/A
9. Platforms for online trading: WebTrader
10. Trading via mobile device: Available
11. Deposit requirement: $250
12. No Deposit Bonus: Not available with this broker
13. BTC, XRP, ETH (20+ cryptos): Yes
14. Five trading assets are available: Cryptos, Forex (FX), Commodities, Indices, Shares and Indices.
15. Leverage maximum: N/A
16. Islam Account: Not available
17. Demo Account: No free trial available
18. US traders are not accepted: US traders are not accepted.
19. Experts’ Verdict: Don’t Invest in This Scam Broker!

Is GXCM Safe? – The Importance Of Broker Regulation

We first wanted to check where GXCM was headquartered and if any authority regulated it. There is, however, no official address to call a headquarters besides a list of countries. Additionally, there is no registration for an alleged owner, GXCM Ltd.

FINMA, FCA, CONSOB, and all the other registers where the broker is supposedly registered have not turned up anything. You are dealing with a shady anonymous entity.

We also recommend excluding Flex Capital, Celox, and ProfitsTrade from your list of potential brokers.

Questions About GXCM License – Reputation Problems

As well as all this misinformation regarding GXCM regulation, the broker has a terrible reputation. If you are planning to open an account, traders advise against it. If there are issues, neither the regulator nor the owner can be contacted.

Scam Warnings Against GXCM

Instead of finding GXCM regulation, we found regulatory warnings. Two authority bodies exposed GXCM scam after numerous complaints were received. We received a notice from both the UK FCA and an independent Hong Kong regulator, FINACOM.

Warning Issued by FCA

According to the FCA warning, the GXCM forex broker does not have permission to provide financial services in the UK, and clients involved in this scam will have difficulty getting their money back. The company should be reported as soon as possible by anyone involved.

Negative GXCM Reviews – The Truth About Forex Broker

Traders don’t have a pleasant opinion of GXCM either, as mentioned above. Due to their poor services, this company has been rated poorly on Trustpilot. The broker tells clients that withdrawals can only be made after six months, but clients are complaining about withdrawal issues. However, none of the clients received their funds back even after the request was processed.

Did You Fall Victim To The GXCM Scam? – We Can Help You!

You are not the only one who GXCM has scammed. Global Fraud Protection has handled numerous complaints and helped clients recover their funds. You can book your free consultation via our online chat support. Our chargeback specialists can help you get your money back as soon as possible.

Keep your hard-earned money safe from scammers! Don’t wait! Act now!