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GSM -

Score

1.51 /10
Danger

GSM

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.gsmfx.net

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Comparison

Quantity 34

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.03

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

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

Grand Signal Markets Limited

Company Abbreviation

GSM

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 34 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

34 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Fraud when withdrawing funds.

The presented withdrawal receipt is not real.

2022-10-20 13:46
Unable to Withdraw

unable to withdraw at some point

I have deposited $340,000 to this broker GSM when i request to withdraw profit they told me that i have to pay personal income tax before i could withdraw

2022-11-04 05:22
Unable to Withdraw

Manipulated system

I traded with GSM and was close to losing it all brutally. I had invested in february and traded with them all through till august but they wanted me to keep trading or risk losing the entire investment i managed to initiate withdrawal eventually but it wasn't through GSM 

2022-10-26 00:39
Unable to Withdraw

I made sure their digital fingerprints get exposed

GSM is a scam broker I requested a withdrawal a month ago, but it was never processed, they sent me an email saying that because I might have a low balance in my account after withdrawing, I was advised to deposit before requesting a withdrawal. But even after following their request to keep depositing the money the withdrawals were not processed. I started trading and there was a huge delay in my orders and slippage, that's why asked for a withdrawal. It's been 2 weeks and I haven't gotten any more replies!!! Stay away!

2022-09-25 06:44
Unable to Withdraw

My money was swindled

The 65,819USD in my account was swindled by this platform.

2022-10-02 16:11
Unable to Withdraw

Downstairs, my cheating netizen is the same as you

Hong Kong netizens were induced to download Binance, metatrade5, and the traders were GSM lunboux limited, Naturalseven limited, and they were unable to withdraw funds in the end.

2022-09-24 18:51
Unable to Withdraw

Seek justice

During the time I was investing on this platform, I made about $51000, GSM formally called wintersnow using their online platform, I was unable to withdraw. My deposit was swiftly transferred to my wallet when I submitted a chargeback through Cyb3rNub/net . my account manager executed trades without my knowledge because I have little knowledge of trading. This company have scammed a lot of people and they are not stopping soon

2023-01-06 02:16
Unable to Withdraw

Unable to withdraw my money

I registered my account with this company ‎(GSM) ‏and made a large deposit to them. ‏I started trading on mt5 ‏platform. ‏When I wanted to withdraw my money, ‏they started inventing stories for me, ‏and every time I sent them an amount they asked me a new story and kept doing it. ‏I finally realized it is a fake and misleading company and they closed my account and I couldn't open my mt5 ‏account. ‏Until today I don't get my money back. ‏Among them, ‏I don't know if you can help me withdraw my money from this fake company, ‏this is my account with them.950558

2022-11-01 13:42
Unable to Withdraw

He's a con man.

He's a crook. He closed my account and there was 4000 dollars in it

2023-01-14 06:50
Unable to Withdraw

I can’t withdraw

I registered in Grand signal markets limited by MetaTrader 5 for two months now I want to withdraw my money but they told me can’t withdraw until you transfer more money .. What I can do now ? Who can help me ?

2022-10-30 21:02
Unable to Withdraw

grandsignalmarket is a liar

This company is a scam company. They told me to give out money within 1-3 working days. They just found various reasons not to give out, and then closed my account, and I couldn’t get in. Then I changed the account password, and they can still do whatever they want. Into my account, all the amount in my transaction was lost, and then they withdrew all the remaining money to their account, and said that it was my own operation that framed me for the loss. Look, God will definitely bring retribution

2022-12-29 16:34
Unable to Withdraw

I count myself lucky

They denied my withdrawal and closed my account on the grounds of suspicious behaviour, sending me emails that follows as their justification. Security checks were conducted on my trading account, and they were forced to stop it as a result of suspicious activity on it which i don’t understand . They assured me that all of my deposits would be returned, and I gave them my beneficiary account information in text form so they could transfer my funds which they rejected it was devastating when i realize it’s a scam this is second time posting about GSM my uploaded photo explained further.

2022-10-26 02:50
Unable to Withdraw

Unable to withdraw

The original account of 65819USD disappeared for no reason, even the mailbox URL could not be found and the platform disappeared for no reason

2022-09-24 13:34
Scam

serous fraud

from internet far east people scamming europian it seems like the company register in uk but reality after police review is scam and fraud chiness man behind it . don’t trust this scammer i have lost lot with them . totally fraud .

2024-02-19 21:48
Unable to Withdraw

Close call

GSM held my $56,000 money hostage without showing any regret, and nobody will told me what to expect. They requested more money as a deposit to help me increase my investment, but when they rejected it, I requested a little withdrawal of my profit. Even though I had completed all of my paper work correctly, the withdrawal did not happen. of AssetsClaimBack . (Without their services, they would have kept my money forever). Instead, look for a different legitimate broker most online investment firm are scam

2022-10-24 12:23
Unable to Withdraw

fraud is group of people

I was contracted by Viber to register the group as they have over 200 people crowed group everyone talking about it how great platform is it . girl calm Wendy contract me and talk to her lots of time over the phone also I was convince to invest over all for Rocket project I hav invested £50000 and start trading with company call Wintersnowx . after few weeks is Chnage to GSM company still trading with MT5 and few weeks later it’s Change to OBFX and traded for month made 508 usd total . in return of withdraw they clear my account and block my account without access . all the money was vanish from account also . need support and help to recycler the funds as well as warn to people about fraud . this company and group of people play some game to take your money . simply they are farud . Wintersnowx WintersnowFX . GSM OBFX this all Company are same and they all fake and fraud . I have full pack of evidence for communication , emails , MT5 account details and account details . also evidence of company and money deposit through BInace . I hope I will get some help .

2023-01-22 12:49
    GSM · Company summary
    GSMReview Summary
    Founded2019-10-23
    Registered Country/RegionUnited Kingdom
    RegulationSuspicious Clone
    Market InstrumentsPrecious metals/Stock index futures/Crude oil
    Demo Account/
    LeverageUp to 1:200
    SpreadFrom 0.0 pips
    Trading PlatformMT5(PC)
    Min Deposit$100
    Customer SupportPhone: +44 2084 323 088
    Email: info@gsmfx.net

    GSM Information

    Registered in the United Kingdom, GSM is a brokerthatprovides investors with precious metals, stock indices, futures, crude oil, and other internationally popular trading products. The tradable instruments with a maximum leverage of 1:200. The broker also provides three accounts with a maximum leverage of 1:200. The minimum spread is from 0.0 pips and the minimum deposit is $100. GSM is still risky due to its suspicious clone status, and bad reviews about stock fraud.

    GSM Information

    Pros and Cons

    Pros Cons
    Leverage up to 1:200Suspicious Clone
    MT5 availableInaccessible official website
    Spread from 0.0 pipsStock fraud
    Unspecific transfer time and fee information
    No 24/7 customer support

    Is GSM Legit?

    GSM is regulated by ASIC with license number 001281851, but the current status is 'suspicious clone'.

    Is GSM Legit?
    Is GSM Legit?

    What Can I Trade on xx?

    xx offers various market instruments, including precious metals, stock index futures, crude oil, and more.

    Tradable Instruments Supported
    Crude Oil✔
    Stock Index Futures✔
    Cryptocurrencies✔

    Account Type

    GSM has three account types: classic, pro, and VIP. Traders who want low leverage can choose classic and pro accounts, while those with a sufficient budget can open a VIP account.

    Account Type ClassicProVIP
    Minimum deposit$100$100$5000
    Spreads from1.6 pips0.0 pips0.0 pips
    Max leverage1:2001:2001:200
    Min. lots0.010.010.01
    Commission$02 per side per 100000 traded1 per side per 100000 traded
    Swap-free Islamic account option✔✔✔

    GSM Fees

    The spread starts from 0.0 pips, the commission is from $0. The lower the spread, the faster the liquidity.

    Leverage

    The maximum leverage is 1:200 meaning that profits and losses are magnified 200 times.

    Trading Platform

    GSM cooperates with the authoritative MT5 trading platform available in PC to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.

    Trading PlatformSupported Available Devices Suitable for
    MT5✔PCExperienced traders
    Trading Platform

    Deposit and Withdrawal

    The minimum deposit is $100. However, the official website is inaccessible, so transfer processing times, methods, and associated fees are unknown.

    News

    ExposureWikiFX Review: What you should know about GSM?

    The exposure on WikiFX about the broker is a red flag. It may be alerting you that the broker is dangerous!

    WikiFX
    2022-09-28 16:28
    WikiFX Review: What you should know about GSM?

    NewsWikiFX Review: Why does GSM catch many traders’ attention recently?

    Recently GSM has become a trending topic in forex markets. What is the relationship between GSM and WinterSnow Limited? WikiFX made a comprehension review on it to help you better understand this broker. we will analyze the reliability of this broker from specific information, regulation, exposure and etc. Let’s get into it.

    WikiFX
    2022-08-30 10:46
    WikiFX Review: Why does GSM catch many traders’ attention recently?

    ExposureWintersnow Ltd Changed Its Name to GSM Ltd After Being Exposed?!

    It was just last week when WikiFX reported that Wintersnow Ltd could have bought fake followers to boost its Twitter account. Unbeknownst to many, now the Wintersnow Ltd's Twitter account is gone within a week since our article. Keep reading to see what could have happened.

    WikiFX
    2022-08-19 19:00
    Wintersnow Ltd Changed Its Name to GSM Ltd After Being Exposed?!
    About More

    User Reviews

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    User comment

    12

    Comments

    Write a review

    Rymond Lus
    more than one year
    Getting money in and out is no sweat, but verifying your account takes forever.
    Getting money in and out is no sweat, but verifying your account takes forever.
    Translate to English
    2024-08-07 14:24
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    半杯浊酒，半碗茶
    more than one year
    I wasn't able to withdraw from GSM for 3 months. My deposit arrived in their system in no time but taking out my profit has been a big problem. I believe they intentionally manipulate the system not to allow withdrawal, they are just another unregulated con.
    I wasn't able to withdraw from GSM for 3 months. My deposit arrived in their system in no time but taking out my profit has been a big problem. I believe they intentionally manipulate the system not to allow withdrawal, they are just another unregulated con.
    Translate to English
    2023-02-22 14:13
    Reply
    0
    0
    34