Score
GPP
New Zealand|5-10 years| http://www.gaopengwh.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：GLOBAL IMFCH LIMITED
License No.：479826
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
New ZealandA Visit to GPP in New Zealand-Unfound
It was confirmed after the surveyor’s inspection that the real address of GPP in New Zealand was different from its regulation address.
New ZealandA Visit to GPP in New Zealand-Unfound
It was confirmed after the surveyor’s inspection that the real address of GPP in New Zealand was different from its regulation address.
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Website
gaopengwh.com
Server Location
Hong Kong
Website Domain Name
gaopengwh.com
Website
WHOIS.GZIDC.COM
Company
GUANGDONG JINWANBANG TECHNOLOGY INVESTMENT CO. LTD.
Domain Effective Date
0001-01-01
Server IP
45.249.244.128
Company Summary
| GPP | Basic Information |
| Company Name | GPP |
| Founded | 2010 |
| Headquarters | New Zealand |
| Regulations | Not regulated |
| Tradable Assets | Forex, Precious Metals, CFDs |
| Account Types | Not specified |
| Deposit Methods | Bank wire transfers, UnionPay card deposits, credit card deposits (UnionPay) |
| Trading Platforms | MT4, Web-based platform, Tablet version, Mobile app |
| Customer Support | Email: info@gimfch.com; Hotline: 400-689-8502 |
Overview of GPP
GPP, founded in 2010 and headquartered in New Zealand, operates as a financial brokerage offering trading services in the global markets. Despite its diverse range of tradable assets, including forex, precious metals, and CFDs, GPP's regulatory status is questionable, with its license revoked by the New Zealand Financial Service Providers Register. Traders benefit from multiple deposit methods and various trading platforms, such as MT4 and mobile apps, for enhanced accessibility. However, the lack of regulatory oversight and transparency raises concerns about fund security and operational integrity, limiting the broker's appeal to risk-conscious traders.
Is GPP Legit？
GPP was previously regulated by the New Zealand Financial Service Providers Register (FSPR) under license number 479826. However, its regulatory status is now abnormal as this license has been revoked. Traders should exercise caution and be aware of the increased risks associated with dealing with a non-regulated entity.
Pros and Cons
GPP presents traders with a diverse range of trading instruments and supports multiple deposit methods, offering flexibility and convenience in trading operations. Additionally, the availability of various trading platforms enhances accessibility for traders. However, the lack of regulatory oversight and transparency poses significant risks, including concerns about fund security and operational integrity. Moreover, the absence of essential information such as account types, minimum deposit requirements, and leverage ratios makes it challenging for traders to make well-informed decisions. Furthermore, the limited customer support and educational resources may hinder traders' ability to receive timely assistance and improve their trading skills effectively.
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Trading Instruments
GPP offers a range of trading instruments including Forex (foreign exchange currencies), precious metals, and CFDs (Contracts for Difference) on various financial derivatives.
Here is a comparison table of trading instruments offered by different brokers:
| Broker | GPP | RoboForex | FxPro | IC Markets |
| Forex | Yes | Yes | Yes | Yes |
| Commodities | Yes | Yes | Yes | Yes |
| Crypto | No | Yes | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes |
| Indexes | No | Yes | Yes | Yes |
| Stock | No | Yes | Yes | Yes |
| ETF | No | Yes | No | Yes |
| Options | No | No | Yes | No |
Deposit & Withdraw Methods
GPP supports deposits through bank wire transfers, UnionPay card deposits, and credit card deposits (UnionPay). Withdrawals can be made via UnionPay, credit cards, and bank wire transfers.
Trading Platforms
GPP offers trading through various platforms including MT4 (MetaTrader 4), a web-based platform, tablet version, and mobile app for smartphones.
Customer Support
GPP provides customer support via email at info@gimfch.com and through a hotline at 400-689-8502.
Conclusion
In conclusion, GPP offers traders a diverse range of trading instruments and supports multiple deposit methods, enhancing flexibility and accessibility in trading activities. However, the lack of regulatory oversight and transparency presents significant risks, including concerns about fund security and operational integrity. Additionally, the absence of essential information such as account types and requirements, coupled with limited customer support and educational resources, may impede traders' ability to make well-informed decisions and effectively manage risks.
FAQs
Q: Is GPP a regulated broker？
A: No, GPP is not regulated.
Q: What trading instruments can I trade with GPP？
A: GPP offers a variety of trading instruments, including forex, precious metals, and CFDs.
Q: What deposit methods does GPP support？
A: GPP supports multiple deposit methods, including bank wire transfers, UnionPay card deposits, and credit card deposits (UnionPay).
Q: Are there any educational resources available for traders with GPP？
A: Unfortunately, GPP does not provide educational resources for traders.
Q: How can I contact GPP's customer support？
A: You can reach GPP's customer support via email at info@gimfch.com or through the hotline at 400-689-8502.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- New Zealand Financial Service Corporate Revoked
- Suspicious Overrun
- High potential risk
Review 9
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There is a severe slippage since the platform doesn’t stop loss or take profit as expected! It is a rip-off. Stay away.
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The order wasn’t dealt at the set price,causing thousands of losses and forced liquidation.Scam platform.
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Platform unable to withdraw, Chinese agent customer service attitude is extremely bad, any question always effective explanation and tehy don't know anything, what can i say? i also can not answer.Offline account opening personnel is also nonsense shirk responsibility.
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At first, I felt that there was something wrong. I didn’t trade on the platform for a long time and I applied for withdrawing money later. The application has not been under verification for months. And the balance didn’t be deducted. Where did the money go when they delayed the verification? I am considering of reporting to the police! ! !
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GPP won’t allow me to withdraw. They’ve been pushing the buck, saying that the withdrawal channel is under maintenance. I applied for a $4500 withdrawal on October 17th and $8180 on October 18th. They told me the withdrawal request must be divided into parts. So I applied 9 times. They only gave me $400 until now. My mother is sick. We are in need of money. How could they treat me like this?
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The withdrawal hasn’t been received for 2 months since August 16th.Is the platform even lacking these hundreds of dollars?Is it ready to run away?The platform didn’t give any explanation.
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Their customer service won’t let me withdraw and pushed the buck. I applied for a withdrawal on August 24, but the money hasn’t arrived yet. They might be running away.
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2018-11-01