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GMGroup -

Score

1.42 /10
Danger

GMGroup

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://gmgroup.pro

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Score

Regulatory Index0.00

Business Index6.33

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

GMGroup

Company Abbreviation

GMGroup

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

GMGroup · Company summary
GMGroupReview Summary
Founded2023-11-09
Registered Country/RegionUnited States
RegulationUnregulated
Market InstrumentsCurrencies/Commodities/Stocks/Indices
Demo AccountNot mentioned
LeverageUp to 1:500
SpreadNot mentioned
Trading PlatformGMGroup(Web)
Min DepositNot mentioned
Customer SupportNot mentioned

GMGroup Information

GMGroup is a broker. The tradable instruments with a maximum leverage of 1:500 include currencies, commodities, stocks, and indices. GMGroup is risky due to its unregulated status, high leverage, and inaccessible office information.

GMGroup Information

Pros and Cons

Pros Cons
Leverage up to 1:500Unregulated
24/5 customer supportUnspecific account information
Various tradable instrumentsInaccessible office support
No contact information

Is GMGroup Legit?

GMGroup is not regulated, which makes it less safe than regulated brokers.

Is GMGroup Legit?
Is GMGroup Legit?

What Can I Trade on GMGroup?

Traders can choose different investment directions because the broker provides currencies, commodities, stocks, and indices.

Tradable Instruments Supported
Currencies✔
Commodities✔
Stocks✔
Indices✔
Precious Metals❌
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on GMGroup?

GMGroup Fees

GMGroup claims its commission is low.

GMGroup Fees

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Leverage

Trading Platform

GMGroup provides a built-in web-based trading platform instead of an authoritative MT4/MT5.

Trading PlatformSupported Available Devices
GMGroup✔Web
Trading Platform

Deposit and Withdrawal

The minimum deposit is unspecific. Deposit and withdrawal methods include MasterCard, wire transfer, bitcoin, VISA, etc.

Deposit and Withdrawal

Customer Support Options

GMGroup provides 24/5 customer support.

Customer Support Options

User Reviews

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User comment

1

Comments

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FX1363368720
more than one year
DANGER! DANGER! DANGER. SCAM! SCAM! SCAM! They have no license, and the account manager was rude and started ignoring me just a few days after I placed a withdrawal order, no response from support.
DANGER! DANGER! DANGER. SCAM! SCAM! SCAM! They have no license, and the account manager was rude and started ignoring me just a few days after I placed a withdrawal order, no response from support.
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2023-03-09 14:48
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