Review of GMXMarkets company and customer feedback: can they be trusted?
GMXMarkets: scam or a real opportunity?
The dubious platform GMXMarkets is yet another example of deceitful actions aimed at deceiving gullible investors. There are almost no reviews, indicating customer dissatisfaction. How long will this fraudulent project last and why aren’t its creators planning to change their deceitful tactics? Let’s delve into the details!
Main facts about GMXMarkets
GMXMarkets, allegedly started its operations back in 2014, but actually only appeared online in May of last year. In their “About Us” section, they mention the holding company GMX Services Ltd, while in reality, the scam belongs to the corporation Malarkey Consulting LTD, known for other scams like AdvanceStox and InvestBoost.
The entire registration process and personal account interface of GMXMarkets is identical to other similar scams like EuroFX, FXActiv, ProfitAssist, Terra Finance, among others.
The shady Malarkey Consulting LTD is registered in an offshore zone: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica, raising additional questions about its legitimacy.
What they are hiding
The Commonwealth of Dominica does not provide a public company registry, making it difficult to prove the existence of Malarkey Consulting LTD. Additionally, the address listed as the office actually belongs to a hotel, not the company’s office.
The Dominica Financial Services Unit, the regulatory body of the jurisdiction, has not issued licenses to GMXMarkets, which is a violation of Law No. 460-FZ.
The website gmxmarkets.com is targeting Russian residents without a certificate from the Central Bank, which contradicts legislation.
What GMXMarkets offers its clients
The company does not disclose basic trading conditions, lacking information on account types and minimum amounts. However, they promise zero commissions, tight spreads, online consultants, a 100% deposit bonus, and access to various instruments.
- commodities,
- currency pairs,
- stocks,
- indices.
They offer the use of the trading system GMXTrader, but despite all the promises, there are virtually no positive reviews about the company.
Reviews on GMXMarkets
GMXMarkets has been around for a long time, but reviews about it remain predominantly negative. Inadequate advertising and customer dissatisfaction are the main reasons.
Its twins—AdvanceStox and InvestBoost—have already accumulated negative reviews, and it is recommended to study reviews before making similar investments.
GMXMarkets scam scheme
GMXMarkets victims are sought on dating sites using photos of attractive people. When clients show interest, they are redirected to the scam site, where they earn temporarily, but cannot withdraw these funds.
Subsequently, manipulation with fees and taxes begins, resulting in clients losing all their capital.
Conclusion
GMXMarkets will continue to deceive clients until they fill their pockets. Then they will disappear, leaving behind only negative reviews and disappointed clients. Relying on GMXMarkets is not advisable as it is clearly a scam.