Global Forex Broker Regulatory Inquiry APP


1.90 /10


Hong Kong

2-5 years

Suspicious Regulatory License

MT4/5 full license

Chinese market only

High potential risk

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License Index 0.00
Business Index 6.62
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Software Index 6.91
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Hong Kong

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Warning: Low score, please stay away!
Previous Detection : 2023-06-10
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Pyramid scheme complaint
Unable to withdraw

Forex Ponzi Scheme GMG fraud

I was introduced to GMG(Now change to GMG Overseas) by someone that I know on March 2020. They claimed to be a company in HK. Principal-guaranteed foreign exchange custody and wealth management, sign a one-year contract, and you can get the principal back when it expires. As a result, it expired in March 2021, and the contract was terminated according to their requirements, and a confirmation letter was signed. It has now been a year and the principal has not been credited. I have asked their customer service many times, but they are all perfunctory on the grounds of third-party delays and ignore the withdrawal. GMG Jinmeigao is a complete foreign exchange fund fraud. The monthly income is 3%, and it can only be recovered in three years. It is impossible for them to give you the principal when it expires. As far as I know, the principal of the victims in Yunnan is more than 2 million, and the victims in Guangxi cannot withdraw the principal of more than 10 million. It turns out that all customers in Liuzhou have not given any income, nor have they given any principal. Now they have also created a milk tea tray, called Lettuce Wood, to forcibly convert our principal into milk tea shares. Turning into milk tea shares is just an empty name, and there is no actual benefit. I use the lessons of blood to warn everyone not to trust them. GMG Jinmeigao foreign exchange and lettuce milk tea are all harvested capital plates. Once added, they are proper leeks.

2022-02-28 16:40
Unable to withdraw

GMG Wealth Management Defrauded

Chen Yanqing, the business manager of JMG Jinmeigao, has opened branches in many places across the country, pretending to be investment mentors and financial advisors, using on-site promotion conferences and mobile phone WeChat groups and other channels to publicize to the public, using flattering words and high commissions to lure many people into Jinmeigao Company Investing in wealth management on the online platform, and deceiving investors to increase investment and develop offline (MLM wealth management products) to defraud more funds, among which I developed 5 offline. Under her deception, we have repeatedly asked Chen Yanqing and Chen Yanqing A designated person named Wei Lin remitted a total of 210,000 yuan into U.S. dollars for investment and wealth management on Jinmeigao's online platform, promising a monthly commission of 3% and a monthly commission payment. Chen Yanqing stopped paying commission and principal since January this year, and promised to give it, let us wait. As a result, Chen Yanqing suddenly asked us to use all the funds to purchase the equity of her milk tea shop, otherwise the principal will not be able to be withdrawn without paying commissions in the future. We rejected her unreasonable request, and despite our strong opposition, she purchased the equity of her milk tea shop with all our funds in the form of holding (forcible possession) in the background. On May 17, our investor's account on the online platform suddenly could not be opened or logged in, and all the investor's funds disappeared. At present, we have reported the case (economic case) to the Liuzhou Economic Investigation Detachment. Don't believe that there will be high returns!

2022-06-28 22:05
GMG · Company summary

General Information

Established in Hong Kong, China, GMG INTERNATIONAL HOLDINGS GROUP LTD engages in providing global clients with a variety of financial products and services.

Market Instruments

GMG offers investors a range of financial instruments including forex currency pairs, equities, precious metals.

Trading Platform Available

GMG provides clients with access to the worlds financial markets through the MetaTrader 4 (MT4) platform which is used by millions of traders around the globe.

Trading Hours

The trading times at GMG depend on the specific market. The forex market, for example, is open 24/7.

Accepted Countries

GMG provides its products and services for clients all over the world.

Customer Support

If clients have any questions or concerns, please call +1-888-3415-740 or email for consultation.

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more than one year
Bad company in financial all. I've been trying to withdraw my funds from this trading site for months now. If anyone has the same experience as me, please post how you recover your money! Thanks.
2023-03-09 16:16
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