GMGroup Detailed Review – How We Uncovered The Scam
GMGroup Detailed Review – How We Uncovered The Scam

Who is GMGroup broker and is it worth your money? We’re here to show you everything about this offshore firm, and the final verdict is on you. Read our GMGroup review and find it all out.

Broker status:Unregulated Broker
Regulated by:Unlicensed Scam Brokerage
Blacklisted as a Scam by:FCA
Owned by:Infinium Solutions Ltd
Headquarters Country:Commonwealth of Dominica
Foundation year:2021
Supported Platforms:WebTrader
Minimum Deposit:$250
Types of Assets:Available – BTC, XRP, ETH
Maximum Leverage:1:500
Free Demo Account:Available
Accepts US clients:US traders are not accepted

Is GMGroup Regulated? – Important Facts

GMGroup is owned by Infinium Solutions Ltd from the Commonwealth of Dominica. Whenever we face an offshore entity, we have to be skeptical about its legitimacy. Once we’ve searched for the owner, we have what to see. Infinium Solutions Ltd has another brand – FCTrading. This brand has been blacklisted in Spain, the UK, Portugal and Italy for conducting fraudulent activities. Which kind of made us suspicious towards the broker GMGroup as well.

In addition, we strongly advise you not to invest in�GMGroup,�24Funds and FX Trading�fraudulent brokers.

What’s Wrong With A License? – Beware Of Fraud

It turns out that GMGroup regulation is nowhere to be found. Not with the FSC of Dominica nor reputable Tier1 regulators such as FCA, ASIC, or BaFin. All in all, you should do yourself a favor and avoid the GMGroup trading scam.

Scam Warnings Against GMGroup

It seems that GMGroup presents itself as a UK-regulated firm, using the name of a legitimate company. That’s how we got an official FCA warning.

Official Warning Issued by FCA – Evidence of Fraud

GMGroup Official Warning Issued by FCA

According to the FCA, GMGroup Forex broker presents itself as a part of Global Markets Group Limited, a legitimate UK company. It’s another scheme tactic offshore brokers use to lure innocent clients into a scam.

Where Is GMGroup Trading Scam Active?

GMGroup scam is active in:

  • Canada
  • UK
  • Australia
  • Germany
  • Spain

Other countries are also affected, so pay great attention to any offers from this investment firm.

Also remember the names of the�Tradixa,�RTALive�and�WinHycm trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing! Trading Reviews – The Truth About Trading Scam

Instead of us talking and convincing you, we will show you a couple of examples of GMGroup reviews.

“Do not use this company. Do not give them your details, such as debit card passport. This company are scammers. When they get your money and supposedly invest it for you they will ask you to upgrade when you see the figures they are showing which look really good. Then try and get money withdrawn and you hit a brick wall nobody replies to your emails. Please avoid this company or you will loose your money.”

– Trustpilot customer

“Don’t invest money this fake company

�I’m scammed already so don’t listen chit people”

– Trustpilot customer

Trading Platform Review – Trading Software

GMGroup’s trading platform is not as representative as you may hope. The broker offers a plain WebTrader, not even close to MT4 or MT5.

GMGroup WebTrader

While it may look like a trading opportunity, GMGroup WebTrader is far from that. Even if we put aside the lack of charts and indicators, this platform has no special tools or features. Social trading is impossible, while you will find limited tools, such as Stop Loss and Take Profit.

Also, GMGroup login via mobile is not enabled, so you will have to use your browser each time.

What Products Does GMGroup Offer?

GMGroup offers a standard range of trading instruments, including:

  • Forex
  • Commodities
  • Indices
  • Shares
  • Cryptocurrencies

Trading Accounts Overview – Demo & Real Accounts

Here’s the list of GMGroup account types:

  • Basic – $250
  • Bronze – $5,001
  • Silver – $15,001
  • Gold – 50,001
  • Platinum – 150,001
  • Diamond – $500,001
  • Black – 1M+

As you can tell, GMGroup’s initial deposit is $250, pretty much standard for the investment industry. Demo Account As a Lure

GMGroup’s Demo account is available upon request, but it’s just a lure. Once you invest real money, withdrawals will be impossible.

GMGroup Deposit Methods – How To Deposit?

There’s not a variety of deposit methods. Clients can use:

  • Debit/credit card
  • Wire transfer
  • Bitcoin

There’s nothing about fees, but we’re sure the company will make sure that you will pay for any transfer fee there is.

GMGroup Welcome Bonus Scam

Here we have come to the utmost scam – GMGroup bonus. The company offers 15-25% on the initial deposit, depending on the starting amount. However, you will not be able to make any withdrawals before you repay the bonus plus the initial deposit 25 times. It means that even if you start with the minimum deposit, you will have to repay $7,187 to be able to withdraw your funds.

Scammed By GMGroup Broker? – Talk To Our Recovery Experts

If you fall victim to the GMGroup scam, let us know. Our recovery specialists may assist you with the chargeback procedure and help you get your money back. Don’t let scammers run with your money.

Contact us via online chat to book your FREE consultation, and let’s refund you right away!

What Is GMGroup, And Should I Invest Money In It?

GMGroup is a fraudulent online investment platform based offshore.

Can I Trade Cryptocurrencies And CFDs With GMGroup Broker?

Yes, you can trade crypto and CFDs with GMGroup, but you should avoid it.

Does GMGroup Give a Deposit Bonus When Opening an Account?

You can get a 15-25% bonus when opening an account.

Is GMGroup a MetaTrader 4 Forex Broker?

GMGroup doesn’t offer MT4, just WebTrader.

Are My Funds Safe With GMGroup?

GMGroup is blacklisted in the UK as a scam, so your funds are not safe.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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