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GMG

Seychelles|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://www.gmgoverseas.com/Pages/contactUs.php?lang=en

Website

Rating Index

Contact

+248 +1-888-3415-740
support@gmgoverseas.com
http://www.gmgoverseas.com/Pages/contactUs.php?lang=en
Vistra Corporate Services Centre, Suite 23, 1st Floor, Eden Plaza, Eden Island, Mahe, Republic of Seychelles

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

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Contact number

English

+248 +1-888-3415-740

Broker Information

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Company Name

GMG (Overseas) International Holdings Limited

Company Abbreviation

GMG

Platform registered country and region

Seychelles

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-02-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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GMG · Company Summary

Note: This review is about the forex broker GMG (Overseas) International Holdings Limited, not the Ponzi scheme Graphene Manufacturing Group. It has come to light that Graphene Manufacturing Group, a separate entity, has been accused of absconding with investors' funds, and their website is currently inaccessible. It is crucial for everyone to be cautious and exercise care when dealing with this specific platform. Ensure you are aware of the distinction between the two and take necessary precautions to safeguard your investments.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

GMG Review Summary in 10 Points
Founded 2019
Registered Country/Region Seychelles
Regulation No license
Products & Services forex, gold, stocks, securities, equity investment, funds, insurance, real estate investment, wealth management, global listing services, investment immigration and overseas study services
Demo Account N/A
Leverage N/A
EUR/USD Spread N/A
Trading Platforms MT4
Minimum deposit N/A
Customer Support Wechat, phone, email

What is GMG?

GMG (Overseas) International Holdings Limited presents itself as an international firm focused on the promotion and sales of market projects throughout North America and East Asia. Actually, it is just an unregulated forex broker based in Seychelles. While it offers a range of trading products and services, including forex, gold, stocks, and wealth management, the information available on their website is limited. One notable feature is their support for the popular MT4 trading platform, which is available for various devices. However, important details such as leverage, trading conditions, and deposit/withdrawal information are not provided.

GMG

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Wide range of trading products and services • No valid regulation
• MT4 supported • Limited info on the website
• Multi-channel support • Lack of transparency

GMG Alternative Brokers

    There are many alternative brokers to GMG depending on the specific needs and preferences of the trader. Some popular options include:

    • OANDA - A reputable broker with a user-friendly platform, suitable for traders of all levels.

    • Admiral Markets - A reliable broker offering a wide range of trading instruments and competitive spreads.

    • FXCM - A well-established broker known for its robust trading platforms and educational resources for traders.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is GMG Safe or Scam?

Based on the information provided, the lack of valid regulation and limited information on GMG's website raises concerns about the safety and legitimacy of the platform. Additionally, reports of users being unable to withdraw funds further add to the skepticism. It is crucial to exercise caution when dealing with unregulated brokers, as there may be an increased risk of potential scams or fraudulent activities. It is recommended to thoroughly research and consider the reputation and regulatory status of any broker before making investment decisions.

Products & Services

GMG offers a wide range of investment products and services to its clients. These include forex trading, allowing individuals to participate in the global currency markets. Additionally, clients can invest in gold, taking advantage of the precious metal's value and potential hedging benefits. GMG also provides access to stocks and securities, allowing investors to trade and invest in various equity instruments.

Furthermore, the company offers services related to equity investment, funds, insurance, real estate investment, wealth management, global listing services, investment immigration, and overseas study services. This diverse portfolio of products and services aims to cater to the different investment needs and goals of clients.

Trading Platforms

GMG offers support for the widely recognized MetaTrader 4 (MT4) platform across multiple devices and operating systems. Clients can access the MT4 platform on their MacOS, Windows PC, Linux, iPhone/iPad, and Android devices, providing them with flexibility and convenience in their trading activities.

The MT4 platform is renowned for its user-friendly interface, advanced charting tools, customizable indicators, and a wide range of trading features. Traders can execute trades, analyze market data, use automated trading strategies (Expert Advisors), and monitor their positions in real-time.

MT4

Overall, GMG's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.

See the trading platform comparison table below:

Broker Trading Platform
GMG MT4
OANDA OANDA Trade
Admiral Markets MetaTrader 4/5
FXCM Trading Station

Please note that this table provides a general overview of the trading platforms offered by each broker and may not include all available features or versions of the platforms. It is recommended to visit the respective broker's website for more detailed information on their specific trading platforms.

Customer Service

GMG provides multiple channels for customer support, including WeChat, phone, and email, allowing clients to reach out to their dedicated support team for assistance. The availability of WeChat as a communication channel adds convenience for clients who prefer instant messaging. Additionally, GMG displays its company address openly on its website, which enhances transparency and establishes a sense of trust.

Customer Service

With these communication options and transparent contact details, GMG aims to deliver responsive and reliable customer service to address client needs effectively.

Pros Cons
• Multi-channel support • No 24/7 customer support
• No live chat support

Note: These pros and cons are subjective and may vary depending on the individual's experience with GMG's customer service.

User Exposure on WikiFX

On our website, you can see that a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Conclusion

In conclusion, GMG is a forex broker that lacks sufficient regulatory oversight and has limited information available on its website. There have been reports of issues with withdrawals, indicating potential concerns about the platform's reliability. Investors are advised to exercise caution and thoroughly evaluate the risks associated with trading on an unregulated platform. It is crucial to conduct thorough research and consider alternative options with established and regulated brokers that prioritize transparency and customer protection.

Frequently Asked Questions (FAQs)

Q 1: Is GMG regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: Does GMG offer the industry leading MT4 & MT5?
A 2: Yes. It supports MT4.
Q 3: Is GMG a good broker for beginners?
A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.

News

Keep Alert: More investors exposed the Ponzi scheme GMG to WikiFX

ExposureKeep Alert: More investors exposed the Ponzi scheme GMG to WikiFX

2023-05-16 18:17

More investors exposed the Ponzi scheme GMG to WikiFX. Here is what we want to show you.

WikiFX
2023-05-16 18:17
Exposure
Keep Alert: More investors exposed the Ponzi scheme GMG to WikiFX
Breaking! Graphene Manufacturing Group (GMG) absconded with the money - The website cannot be opened

ExposureBreaking! Graphene Manufacturing Group (GMG) absconded with the money - The website cannot be opened

2023-05-15 18:45

WikiFX just received the latest update about the Ponzi scheme at Graphene Manufacturing Group (GMG). The website of this firm is now unavailable. And many investors are still struggling to get back their money, which has been taken away by GMG fraudulently.

WikiFX
2023-05-15 18:45
Exposure
Breaking! Graphene Manufacturing Group (GMG) absconded with the money - The website cannot be opened
You won’t believe Graphene Manufacturing Group (GMG) just released this!

ExposureYou won’t believe Graphene Manufacturing Group (GMG) just released this!

2023-05-10 18:49

On May 10, 2023, GMG claimed on his social media group that all withdrawal orders would be processed, and the investors would get their money soon.

WikiFX
2023-05-10 18:49
Exposure
You won’t believe Graphene Manufacturing Group (GMG) just released this!
Breaking: Ponzi Scheme Graphene Manufacturing Group (GMG) Has Finally crashed!

ExposureBreaking: Ponzi Scheme Graphene Manufacturing Group (GMG) Has Finally crashed!

2023-05-07 15:55

Recently, WikiFX received a lot of negative feedback about a company called Graphene Manufacturing Group(GMG). Many victims consider it a Ponzi scheme. And now, some sources claim that this platform has come to an end. But where is the money invested by the victims?

WikiFX
2023-05-07 15:55
Exposure
Breaking: Ponzi Scheme Graphene Manufacturing Group (GMG) Has Finally crashed!

User Reviews

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vbnm
more than one year
They suddenly jacked up the spreads overnight to absurd levels. What does that mean for you? Well, even if your trade is in the green and nowhere near your stop-loss, guess what? You still hit that stop-loss, and you're left counting the losses. Crazy, right?
2024-02-23 12:25
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Gavinn
more than one year
Warning! GMG is a total rip-off! They've pulled a disappearing act with my hard-earned cash and it feels like I've been played for a fool. Their website is down and it seems like I'm not the only one who got scammed. It's like a never-ending cycle of people getting ******* over. This has got to be some kind of Ponzi scheme, I swear! I just want my money back, but these crooks are nowhere to be found. Do yourself a favor and don't let these fraudsters ruin your day. Stay far, far away from GMG!
2023-05-17 17:11
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