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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

GPAK

United Kingdom|5-10 years|
Suspicious Scope of Business|United Kingdom Appointed Representative(AR) Revoked|High potential risk|

http://www.gpakfxcn.com/

Website

Rating Index

Contact

4009687958
service@gpakfx.com,customer@sbtltd.cn
http://www.gpakfxcn.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

4009687958

Other ways of contact

Broker Information

More

Company Name

UK GOLD PEAK TECHNOLOGY LTD

Abbreviation

GPAK

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 5
Previous Detection : 2024-12-07
  • 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 40 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 794061) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 606110) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

GPAK · WikiFX Survey
Danger A Visit to GPAK in UK -- Finding No Office
United Kingdom

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GPAK · Company Summary

Note: GPAK's official website: https://www.gpakfxcn.com/ is currently inaccessible normally.

GPAK Information

Founded in 2021, GPAK is a Britain forex broker whose services are operated via MT4. Traders can contact them via phone: 4009687958 and email: service@gpakfx.com or customer@sbtltd.cn. Nevertheless, their licenses of FCA and NFA are doubted as suspicious clones.

GPAK

Is GPAK Legit?

- UK Financial Conduct Authority (FCA): GPAK claims to hold FCA with license type of Market Making and license number 606110. However, there are concerns that this license might be cloned.

Financial Conduct Authority (FCA)
Current StatusSuspicious Clone
Regulated byUnited Kingdom
License TypeMarket Making (MM)
License No.606110
Licensed InstitutionCPT Markets UK Limited
Suspicious Clone FCA license

- US National Futures Association (NFA): GPAK also claims to be regulated by the NFA with license type of market making and license number 0506675. However, this license is suspected to be counterfeit or cloned as well.

National Futures Association (NFA)
Current StatusSuspicious Clone
Regulated byUnited States
License TypeCommon Financial Service License
License No.0506675
Licensed InstitutionVASLON INTERNATIONAL GROUP LTD
Suspicious Clone NFA license

Downsides of GPAK

- Website Availability Issues: GPAKs website is currently unavailable, which raises concerns about its reliability and operational status.

- Regulatory Concerns: There are doubts regarding the legitimacy of the FCA and NFA might be cloned.

- Negative Reviews: Numerous negative reviews highlight serious issues such as inability to withdraw funds and scams associated with GPAK.

Negative GPAK Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there were 44 pieces of GPAK exposure in total. I will introduce 2 of them.

Exposure 1. Cannot withdraw

ClassificationUnable to Withdraw
DateDecember 19, 2023
Post CountryPeru

The user said frustration is mounting as GPAK users, including himself, struggle with an ongoing withdrawal crisis. Withdrawals have been blocked for an astonishing 7 months. Worse still, the agents have shown no accountability, leaving users with their hard-earned money stuck in limbo. You may visit: https://www.wikifx.com/en/comments/detail/Co202312199641644221.html.

Exposure 2. Scam

ClassificationScam
DateDecember 25, 2019
Post CountryHong Kong China

The user said GPAK has defrauded clients of their funds, and now its website is down. You may visit: https://www.wikifx.com/en/comments/detail/201912255032739920.html.

Conclusion

In a word, trading with GPAK poses significant risks. Traders are advised to choose brokers that are well-regulated and have good reputaion in the industry.

Review 43

43 Comments
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