Website – http://gmttrading.io/
Address – Zürich, Hauptbahnhof Lagerstrasse 105, Zip code 8004 Switzerland
Warned By – Ontario Securities Commission (Canada), Bundesanstalt für Finanzdienstleistungsaufsicht (German), Swiss Financial Market Supervisory Authority (Switzerland)
Read the GMT Trading review and know why we put this broker on the list of scam brokers.
GMT Trading Review
GMT Trading is an online forex and crypto broker that has the potential to provide a fantastic trading experience. It is well-positioned to cater to all types of traders. The features it provides are competitive execution rates, transparency, an established platform, and diverse assets. Read our GMT Trading io review before opening an account with them.
GMT Trading can be found at 105 HauptbahnhofLagerstrasse, Zürich, ZIP 8004 Switzerland. They can be contacted on +14 372 913 977, +61 251 107 801, +17 054 670 727, +44 787 117 9660, and +44 204 530 7136. They can also be contacted by email at firstname.lastname@example.org. Their website is https://gmttrading.io/ which is not working and is down. You can also contact them through online direct messaging. The brand was founded in 2022.
For trading, the trader has to do a GMT Trading login and access a wide-ranging list of CFDs. The tagline on their website says “enjoy a trading experience unlike any other”. The tagline sounds good and may tempt traders, but they are doing just the opposite.
GMT Trading review: regulation status
Before you invest with any broker, the first thing you should look out for is regulated status. GMT Trading does not provide any information on its website regarding its regulatory status. In other words, this broker is unregulated; on diving deeper, we found that it does not even have the license to offer financial services.
On July 24, 2022, FINMA (Swiss Financial Market Supervisory Authority) issued a warning not to deal with this broker. Check the site at https://www.finma.ch/en/finma-public/warning-list/gmt-trading/.
On October 14, 2022, the OSC (Ontario Securities Commission, Canada) issued a warning. Check site https://www.osc.ca/en/investors/warnings/gmttradingio
BaFin (Federal Financial Supervisory Authority, Germany) is also investigating the operator of the website as on August 04, 2022. Check site https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Verbrauchermitteilung/unerlaubte/2022/meldung_220804_GMT_Trading.html
In short GMT Trading is unregulated and blacklisted.
GMT Trading review: trading instruments
GMT Trader offers trading instruments cryptocurrencies (BTC, LTTC, ETH), forex (EUR/USD, USD/GBP, GBP/CAD), commodities (gold, corn, natural gas), indices (NASDAQ, FTSE100, DAX30), and shares (Amazon, Alibaba, Tesla). US traders are not accepted.
GMT Trading review: active in countries
The GMT Trading scam is active in Switzerland, Germany, Canada, the UK, the USA, Australia, Italy, and the Netherlands. The scam has been active since March 2022.
GMT Trading review: account types
Account types offered are Basic (minimum deposit $250), Standard (minimum deposit $10000), Silver (minimum deposit $50000), Gold (minimum deposit $100000), VIP (minimum deposit $250000), and Pro (minimum deposit $1M).
The account differs in in-depth market analysis, spreads, leverage, different digital coins staked, company assistance, etc. The demo account is not enabled and to test their platform, you must invest real funds.
Why not open an account with GMT Trading?
- GMT Trading is unregulated and unlicensed. Your capital is at risk.
- Warnings issued by FINMA. BaFin, and OSC.
- The leverages are varied, yet too high.
- Mainly, only two assets (crypto and forex) are available to trade.
- Withdrawing funds is a problem. Avoid depositing in cryptocurrency.
- Reviewers describe how their account was frozen or blocked.
- At present, the website is not functioning.
Lost money to GMT Trading?
If you lost money to the GMT Trading scam, don’t panic. We, at Scam Helpers, are there to recover your funds.
We deal in crypto trading scams, forex trading scams, fund recovery scams, and investment scams. Contact us if you are a victim of any of the mentioned scams.
Our team of recovery specialists can help you recover what is rightfully yours.
Schedule a free consultation with us at your convenience.
Furthermore, we strongly advise you NOT to invest with scam brokers such as FXM Trader, Sword Capital, 4XHub, Main Bit, MBInvest, AlfaTrade, NovoTechFX, BBlanc, FVP Trade, etc. For more details, read our review regarding these brokers on our site.
If you feel you are scammed – Report a complaint here
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