G-IMFCH

1. What is G-IMFCH？

G-IMFCH is a forex broker ranked 764th globally. It claims to be regulated by 2 financial authorities, but the regulatory status of both is displayed as “Suspicious Clone”. We also found 18 risks associated with G-IMFCH and received 36 complaints about it. With a high number of complaints, questionable regulation, and low ranking, G-IMFCH appears to be a risky choice for forex trading.

Additionally, you should notice that the official website of G-IMFCH, https://gppmarkets.co.nz/ is currently encountering functionality problems.

1. Regulatory Status

G-IMFCH's regulatory status is concerning. Both regulators listed, the Financial Markets Authority (New Zealand) and the Financial Conduct Authority (UK), have classified G-IMFCH as a “Suspicious Clone” with regards to their regulatory licenses. This means the legitimacy of the licenses claimed by G-IMFCH is in question.

1. Warning

G-IMFCH, with 13 associated brokers, faces the risk of brokers absconding, which could impact its operations. Assessing the past business history and risk profile of these brokers is crucial for making informed decisions. MetaQuotes data provides insights into broker relationships.

Additionally, a high number of complaints against G-IMFCH itself suggests potential problems. Consider these factors when choosing a broker.

1. Pros & Cons

Pros:

N/A

Cons:

• Suspicious Regulatory Status: Both financial authorities listed for G-IMFCH (New Zealand and UK) have classified it as a “Suspicious Clone” regarding their licenses. This raises serious concerns about the legitimacy of their claimed regulatory oversight.

• High Number of Complaints: With 36 reported complaints, G-IMFCH has a concerning track record. These complaints could indicate issues with customer service, platform functionality, or potential unfair trading practices.

• Risk of Associated Brokers Absconding: G-IMFCH is associated with 13 other brokers. “Absconding” refers to a broker suddenly shutting down and disappearing with client funds. Having a high number of associated brokers raises the possibility that some might have a history of such practices, which could indirectly impact G-IMFCH's own stability.

1. Customer Service

G-IMFCH offers phone support through two numbers: +64 9 281 2012 and 4006898502. Additionally, they provide customer support through two email addresses: info@gppmarkets.com and info@gimfch.com. They also have a QQ contact: 800068685.

1. Conclusion

G-IMFCH is a low-ranked forex broker with concerning regulatory status. Both New Zealand and UK authorities have classified it as a “Suspicious Clone” raising doubts about their licenses. Additionally, a high number of complaints and associated brokers suggest G-IMFCH is a risky choice. Despite offering phone, email, and QQ customer support, the downsides outweigh any potential benefits.

1. Frequently Asked Questions (FAQs)

Question: Is G-IMFCH a reliable forex broker？

Answer: There are significant concerns about G-IMFCH's reliability. Regulatory authorities in New Zealand and the UK have classified them as a “Suspicious Clone,” casting doubt on their licenses.

Question: Are there any advantages to using G-IMFCH？

Answer: Currently, there are no clear advantages to using G-IMFCH as a forex broker. The significant downsides outweigh any potential benefits.

Question: What are some alternatives to G-IMFCH？

Answer: Considering the concerns about G-IMFCH, it's highly recommended to explore other forex brokers. Look for brokers with a strong reputation, clear regulatory oversight, and a good track record.