Score

3.06 /10
Danger

GMR

United States

5-10 years

Regulated in United States

Common Financial Service License

White label MT4

Regional Brokers

Suspicious Overrun

Medium potential risk

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index2.49

Business Index7.46

Risk Management Index0.00

Software Index4.00

License Index2.49

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

GLOBAL MARKET RAIDERS

Company Abbreviation

GMR

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 : 2024-09-20
  • This broker exceeds the business scope regulated by United States NFA(license number: 0465765)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
GMR · Company summary

Note:GMR's official website:http://www.fxgmrgroup.com/ is currently inaccessible normally.

Company NameGMR
Registered Country/AreaUnited States
Founded Year1986
RegulationNFA(Exceeded)
Trading PlatformMT4
Customer SupportEmail:info@fxgmrgroup.comPhone:4001208987

GMR Information

Established in 1986 and with headquarters in the United States, GMR runs with an exceeding NFA control. The company offers trading on the MT4 platform and customer service by phone at 4001208987 and email at info@fxgmrgroup.com.

GMR Information

Is GMR Legit or a Scam?

NFA
National Futures Association(NFA)
Current StatusExceeded
Regulated byNFA
License TypeCommon Financial Service License
License No.0465765
Licensed InstitutionGLOBAL MARKET RAIDERS LLC

Downsides of GMR

Exceeded Regulation:GMR puts doubts on its legality and financial standard compliance since it runs under an exceeding NFA rule, therefore violating the limits of its regulating power.

No Effective Customer Support: The broker provides no effective customer care to resolve the issues mentioned by users having trouble with withdrawals and blames payment channels.

Withdrawal Issues: According to reports, GMR struggles to control withdrawals; consumers experience major delays and lack efficient help to handle these issues.

Negative GMR Reviews on WikiFX

People who want to trade on unregulated sites should carefully think about the risks involved before they start trading. WikiFx collected some comments of users traded on this platform ,please take a look at our platform for more information.

There was only 1 exposure on WikiFX.

Exposure.1 Withdrawal issues

Negative GMR Reviews on WikiFX
ClassificationWithdrawal issues
DateJuly 14th,2018
Post CountryHong Kong,China

The client faulted payment channels, said GMR is not managing withdrawals, and their customer service and 24-hour hotline is nonresponsive.One would visit:

https://www.wikifx.com/en/comments/detail/208078112213182.html

Conclusion

Finally, GMR's too broad regulatory scope, documented withdrawal problems, and inattentive customer service make trading with it quite dangerous. To guarantee the security and protection of their money, investors are highly urged to use licensed brokers with open practices and confirmed qualifications.

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