The most crucial thing to understand about GTS Financial LLC is that it is not the trustworthy and licensed forex broker it represents itself. This website is primarily intended to serve as a reminder of the value of carefully checking the facts before putting your money on the line. Let’s look at the detailed reasons we mention in this GTS Financial LLC review and why you should avoid GTS Financial LLC.
GTS Financial LLC Review – How safe is to invest here?
The website of the broker can be found at https://gtsfinancial.net/, and the company is located at 545 Madison Avenue, 15th floor New York, US. The website boldly claims that Gts Financial Llc, a firm based and licenced in the United States, is in charge of running it.
Yet there is a clear issue right there on the front page. The US Securities and Exchange Commission claims to have authorised and regulated Gts Finance. However the regulator in charge of FX and CFD brokers is not this one.
A company must be registered with the Commodities Futures Trading Commission (CFTC) and a member of the National Futures Association in order to conduct business as this sort of broker in the United States (NFA). The NFA does not list Gts Financial Llc as one of its members.
Proofs that GTS Financial LLC is a scam
Investment scams such as Forex trading scams, Binary scams, Crypto scams and others are hard to spot. But still there are many signs why GTS Financial LLC is suspected as a scam broker. Let us read them,
After taking a look at their website, we found numerous warnings that should be enough for you not to invest in them. Some of the reasons why we include GTS Financial LLC as an unsafe broker.
Deposit And Withdrawal Methods And Fees
There is a reason why these fraudsters, as well as many other scammers, would frequently advise you to deposit in cryptocurrency. You cannot get a chargeback on such transactions because they are entirely irreversible and all of them are recorded in a ledger that cannot be modified later. Depositing money with scam brokers is therefore, rarely a good idea. If you have already invested your money with GTS Financial LLC, you should immediately ask for a withdrawal as your money is not safe with an unregulated broker.
With GTS Financial LLC, if you ask for a withdrawal, they will postpone the process by giving some reasons for a long time so you can find no alternative to file a complaint.
Customer GTS Financial LLC Reviews
Scam Helpers found that GTS Financial LLC got negative customer reviews and ratings on all other sites, and also got low trust scores among users. With this review and after reading all the negative and positive GTS Financial LLC reviews, we found that this broker is not regulated and might be a potential scam broker. To avoid these scams, we provide a list of scam brokers 2023 on our website.
How does GTS Financial LLC Scam Work?
Scammers use many tricks in order to give you the idea that you are earning money easily and rapidly, fraudsters frequently send you some returns first. They can acquire your trust in this way. To extract as much money as they can from you, they frequently ask you to make more investments or to recruit family members and friends to do the same.
They will suspend or close your account when they believe you are unable to invest any more money in the fraud, and you won’t likely hear from them again. In order to appear trustworthy in the eyes of potential customers, many scam companies falsely state that they are headquartered in a regulated jurisdiction by using fictitious locations and regulation licenses.
How to keep yourself safe from scam brokers?
- Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
- Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
- If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
- If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.
Is GTS Financial LLC broker Legit or a scam: Conclusion
It is clear from the GTS Financial LLC review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from GTS Financial LLC and similar brokers. If you really want to trade online, find a broker who is regulated and has trusted and positive reviews.
Scammed by GTS Financial LLC? Scam Helpers can help
If you are a victim of the GTS Financial LLC scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
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