Score
GPM
United Kingdom|5-10 years| http://www.gpmfx.com/#
Website
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Licenses
Single Core
1G
40G
Contact number
4006080388
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Broker Information
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Gemho Priority Market
GPM
United Kingdom
Pyramid scheme complaint
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- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
- BelizeFSC (license number: IFSC/60/506/TS/17) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- The United KingdomFCA regulation (license number: 788966) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The Belize FSC regulation with license number: IFSC/60/506/TS/17 is an offshore regulation. Please be aware of the risk!
WikiFX Verification
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GPM · Company Summary
Note: GPM is to operate via the website - http://www.gpmfx.com/#, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
This broker has been verified to be illegal and its licence - Belize FSC (license number: IFSC/60/506/TS/17)s regulatory status is abnormal. Also, it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
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 contained in this article is for general information purposes only.
General Information & Regulation
GPM, a trading name of Gemho Priority Market Ltd, is allegedly an offshore forex brokerage registered in the United Kingdom on 12 December 2016, offering the industry-standard MT4 trading platform.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.
As for regulation, it has been verified that GPM has a revoked Financial Services Commission (FSC) license. Note that its regulatory status on WikiFX is listed as “Illegal” and receives a relatively low score of 1.96/10. Please be aware of the risk.
Market Instruments
GPM advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Trading Platform Available
The platform available for trading at GPM is the world's most advanced and popularly-used MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. Using suitable mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Customer Support
GPMs customer support can be reached by telephone: 4006080388 and email: info@gpmfxuk.com. You can also follow this broker on social networks such as QQ: 2682841869. Registered office address: 1st Floor 41 Chalton Street, London, United Kingdom, NW1 1JD.
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