Review summary
Grand Signal Markets Limited (GSM) is a broker established 5-10 years ago and registered in the United Kingdom. The entity operates without a valid authoritative forex trading license, which raises significant concerns regarding investor protection and fund segregation. It holds an Appointed Representative (AR) registration with the Australian Securities & Investments Commission (ASIC) under the holding company H FOUR GLORY PTY LTD, but this registration is listed as 'Unverified' and does not constitute a full financial services license for forex brokering. The overall WikiFX Score of 1.56/10 reflects the fundamental risks associated with this regulatory profile. Investors are advised to exercise a high degree of due diligence and understand the lack of credible oversight before considering this firm. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-21)
OM 6551
United Kingdom
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 .
Exposure
Andy44573
Hong Kong
This fraud platform Grand Signal Markets Limited uses the abbreviation GSM to trade profits and does not withdraw, and the account cannot be logged in. They disappear and can't be found at all. Please pay attention to this platform. They seem to have multiple websites, and they will eventually lead to Grand Signal Markets Limited. Platform account opening
Exposure
Paul Lin
Hong Kong
At the beginning of this month, I registered and opened an account at Grand Signal Markets Limited. The platform staff guided me to deposit digital currency. After the transfer was completed, they said to ask for financial verification. After a while, I lost contact with the platform staff, and I didn’t get any reply to my emails. It was very vicious. .
Exposure
Rymond Lus
Australia
Getting money in and out is no sweat, but verifying your account takes forever.
Neutral
OM 6551
United Kingdom
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 .
Exposure
FX1212733337
Saudi Arabia
He's a crook. He closed my account and there was 4000 dollars in it
Exposure
FX57947855
United States
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
Exposure
Tommy54353
United Kingdom
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
Exposure
FX1194475069
Hong Kong
A fraudulent platform in disguise, laying a net just waiting for you to fall into their trap. I deposited 5,000 Hong Kong dollars on the platform, and then they blocked my account. Now the entire platform has run away, and the official website cannot be accessed. . .
Neutral
FX244677432
United Kingdom
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
Exposure
Abby9157
Oman
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
Exposure
Mr773
Saudi Arabia
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 ?
Exposure
Fx3578064
Australia
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.
Exposure
Hasegawa
United States
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
Exposure
Fx4679443
United Kingdom
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
Exposure
Евгений Пикунов
Russia
The presented withdrawal receipt is not real.
Exposure
lung6586
Taiwan
The 65,819USD in my account was swindled by this platform.
Exposure
FX5743883
United States
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!
Exposure
YKK2828
Taiwan
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.
Exposure
lung6586
Taiwan
The original account of 65819USD disappeared for no reason, even the mailbox URL could not be found and the platform disappeared for no reason
Exposure
Tay1
Turkey
this company is not to be trusted at all, withdrawal was a very big problem, my name here aided and did it. first photo here
Exposure
FX5743883
United States
Unable to withdraw with GSM is all scam stay away from them big liners and trade manipulator
Exposure
Withdraw by Finrecoup
United States
wish i read the reviews more closely, GSM previously known to be wintersnowFx asked for a tax deposit for me to withdraw my money then reduced my balance to the absolute minimum and blamed it on the volatility of the market
Exposure