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/10
The WikiFX Score of this broker is reduced because of too many complaints!
GMQ Group
Philippines|5-10 years| Suspicious Scope of Business|High potential risk|
http://www.gmqfin.com/#/index
Website
Rating Index
Contact
support@gmqfin.com
http://www.gmqfin.com/#/index
The WikiFX Score of this broker is reduced because of too many complaints!
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
Open Now
Broker Information
More
Company Name
Golden Millenial QUICKPAY
Company Abbreviation
GMQ Group
Platform registered country and region
Philippines
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
3
Previous Detection :
2024-04-25
- 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 13 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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Exposure
13 pieces of exposure in total Pyramid scheme complaint
Expose Unable to Withdraw
Can’t withdraw on GMQ Group
They won’t let me withdraw and banned my account after I made a profit on it. This is a scam.
2019-02-27 17:31
Scam
GMQ Group is a gambling platform.
GMQ Group is actually a gambling platform under the cover of cryptocurrency. It colludes with GMQFin, GTQFin, Cantoex and GMQCoin. These four are rather similar. All their deposit payees are personal accounts, which often change. They give investors fake data and directions to seduce them to invest. They talk about some day-trading and trend prediction. But they are actually gambling platforms, manipulating the whole situation behind to earn clients’ losses. You can see from the picture that the platform would only let you deposit a lot when EUR/USD and GBP/USD are scalping trades. Those more than 1200s trades can only deposit $100. Because the shorter it is, the easier they can manipulate the market. They have no customer service. Their email is fake. If you are also scammed, call the police immediately. Here are some fake profit screenshots posted by their people. Others in the group are all victims.
2019-03-21 23:32
Scam
Expose the scam platform GMQ Group , which gave reverse order recommendations
GMQ Group gave order recommendations while people who colluded with it showing their orders with profits as if they were really digging gold! In fact, it is a group of people who kept showing fake profitable orders and pictures of withdrawing money! This platform even has problems with money withdrawing, no online customer service personnel, no customer service calls and fake customer service email address. Except for the people who colluded with it ,all all lost. The scam platform also began to raise the threshold, from $ 100 to $ 200, without changing the previous trading rules. Expose the fraudster’s WeChat. People who were cheated by this platform should resort to police as soon as possible. The scam platform may be ready to run! ! !
2019-03-19 18:10
Scam
GTQFin and GMQFin are dealing-desk scam brokers
These two scam brokers belong to GMQ GROUP. All clients’ deposit went to someone’s personal account. They faked clients’ emails and trading platforms. They colluded with Chinese agents to give wrong directions to Chinese investors. After scamming, they deleted all clients’ trading history. They are scams.
2019-04-21 17:34
Unable to Withdraw
Cheat consumers
The platform I found online, and then went in to invest and try it out, turned out to be surprisingly profitable, only to limit my withdrawals
2019-02-26 17:55
Scam
Expose GMQ Group‘s fraudster, who gave revers order recommendations!!!
These four websites are almost the same: GTQFin. www.gtqfin.com, GMQFin. www.gmqfin.com, Canto ex www.cantoex.com, GMQCoin www.gmqcoin.com. Deposits were transferred via a private account. The account remain unchanged while the account for receiving money changes frequently. The platform is suspected of carrying out misconducts. The money deposited in the platform are almost lost. Currently, GMQ Group has been identified as a scam platform by FXEYES. The adviser’s WeChat: s51008995. The teacher colluded with GTQFin. When he hears that the platform was reported to police, he blacklisted and blocked me. He also claimed to be granted bonuses when he guided people to make profits and have a bonus while to lost money when people guided by him lost money. How could he say such ridiculous words. The other is her so-called leader, who claimed that his members were allowed to trade on the platform with a deposit of 30,000 dollars. And he made an exception for me. People who gave order recommendations often showed in the group orders with profits. Almost all the people colluded with the platform. Who has entered the above platforms’ group should exist groups as soon as possible. I think the platform is ready to run. GMQ Group is the darkest binary option scam platform. Victims should call the police as soon as possible so as to eradicate this black platform! ! !
2019-03-16 18:57
Scam
GTQFin and GMQFin are twin platforms of fraud
There are two platforms presonal acoount and deposit account totally same,my friend was loss by tutor shout oppsite single ,he already lossed more than 200,000RMB .The tutor also said that they have a license, investment loss is normal situation, i asked them to issue regulatory number and license they also dare not issue, it is not necessary, ha ha, less than two weeks later, before the order records are deleted.Look at these two cheated platforms do not even have a customer service number, the official website also writes professional customer service guidance, ha ha.Watch when these so-called dog cheats with Philippine license are caught, even if they don't get their money back, they will catch the tutor and spend the rest of his life in prison.
2019-02-27 21:36
Unable to Withdraw
Scam platforms GMQFin and GTQFin closed their withdraw function.
They changed all their personal accounts into accounts of Jiangxi Bank, and closed their withdrawal function in the name of updating system. They are ready to flee now. Their email, regulatory license, service phone and 24/7 customer service are all fake. They started dealing-desk option trading in China in the name of investment. But what they did was earning clients’ loss together with agents and traders. Call the police if you are scammed.
2019-04-02 21:38
Scam
Scam platform GMQ Group changing their payee account and name.
Scam platform GMQ Group is changing their payee account and company name. Someone should freeze their account. I think they might flee within 2 months.
2019-03-21 02:29
Scam
GMQ Group (GTQFin, GMQFin and Cantoex) ‘s email is fake.
GMQFin’s email is fake. It says the email address doesn’t exist when I tried. All their deposit payees are personal accounts, which often change. They are scamming everyone. They give investors fake data and directions to seduce them to invest. They talk about some day-trading and trend prediction. But they are actually gambling platforms, manipulating the whole situation behind to earn clients’ losses. Their scams are outrageous. I must expose a GTQFin’s investment instructor’s Wechat account: s51008995. This god damned scammer often sent some Non-Farm payrolls, etc., in Wechat moments to attract investors. What’s more, he often posted some picture of his clients’ making money proofs to show off his power. But all those things were fake. He even told us if he let us win he can get bonus from the platform and if we lose the platform would deduct his money. Is there any stupid running mood like this? There was another scammer, who claimed to be the superior of the previous one. His Wechat ID is cjun000000. He said he deposited $30000. After the instructors giving their order recommendations in the group, some people in the group would send their making money screenshots to trick others. They were all hired by the company. They even asked us to double our investment every time to recover our losses. Ridiculous! I’ve got other evidence. This is a god damned cancer of the market! Call the police immediately if you are scammed.
2019-03-19 00:14
Scam
GTQFin shouts a single scam tutor exposure!
Canto ex www.cantoex.com GMQCoin www.gmqcoin.com the interfaces of these four platforms are all 90% similar. All the incoming funds are private accounts, and the incoming funds are the same, and the receiving accounts are constantly changing, with malicious schemes.At present, GMQ has been collected into the fraud platform by WIKIFX.With a note fraud teacher WeChat: s51008995.The teacher with a single belongs to GTQFin. When he hears the alarm, he will block it.Ha ha, so ridiculous words are said export, another is her so-called leader,he also claimed that his members are 30,000 dollars to went in, he made an exception let me go in, Shouting single personnel in the group often sai sai profit diagram, all is a group of support.With the above platform as soon as possible to exit, I see soon the platform ready to run.
2019-03-11 02:43
Scam
Expose four scam platforms that collude with each other
Expose four scam platforms that collude with each other. GTQFin. www.gtqfin.com GMQFin. www.gmqfin.com Canto ex www.cantoex.com GMQCoin www.gmqcoin.com The four platforms have similar websites, and the deposits are all transferred into the same private account. Money deposited in the platforms can not be taken back. At present, GMQ Group has been identified as a scam platform by FXEYES. The adviser’s WeChat attached. The teacher colluded with GTQFin. When he hears that the platform was reported to police, he blacklisted and blocked me. Please pay attention.
2019-03-08 22:08
GMQ Group · Company Summary
Note: GMQ Group official site - http://www.gmqfin.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
| GMQ Group Review Summary in 5 Points | |
| Founded | 5-10 years |
| Registered Country/Region | Philippines |
| Regulation | Unregulated |
| Customer Support | |
What is GMQ Group？
GMQ Group, with full name Golden Millenial QUICKPAY, claims to be an online trading provider based in Philippines. However, due to the current unavailability of its website, it's difficult to verify its compliance with regulations and its general trustworthiness. Furthermore, the fact that it's unregulated raises further concerns about its legitimacy.
In this article, we strive to give a comprehensive review of GMQ Group by looking at different aspects of the platform. If you are considering this service, we recommend reading further for in-depth information. The article concludes with a summary highlighting the platform's main features for quick reference.
Pros & Cons
| Pros | Cons |
| • None | • Unregulated |
| • Website inaccessible | |
| • Lack of transparency | |
| • Negative feedbacks from their customers |
Currently GMQ Group does not seem to have any discernable advantages to present to customer, which is a red flag cannot be ignored.
However, the broker has significant downsides. Its unregulated status raises concerns about its legal compliance and reputability. The inaccessibility of its website is another obstacle, which limits potential clients' ability to evaluate services or contact support. A lack of transparency adds to these issues, creating uncertainty around the broker's operation and trading conditions. Lastly, negative feedback from customers indicates potential challenges with customer satisfaction.
As always, traders are advised to fully consider these pros and cons when selecting a broker.
Is GMQ Group Safe or Scam？
When considering the safety of a brokerage like GMQ Group or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: Currently, this broker is under no valid regulation, which is a cause for concern about its legitimacy and reliability. This situation is further exacerbated by the non-functional state of the broker's website. It's imperative to conduct thorough research and due diligence for any financial organization, especially when glaring red flags such as these are present.
User feedback: 13 reports regarding scams and unable to withdraw on WikiFX significantly impose doubts of the brokers liquidity and necessitates caution for those considering its services, underscoring the importance of utilizing reliable, user-friendly platforms.
Security measures: Currently, there is no publicly available information regarding the security measures implemented by this broker.
Ultimately, the decision whether to engage in trading with GMQ Group or not is a personal one, necessitating a careful evaluation of the pros and cons before arriving at a conclusion.
User Exposure on WikiFX
You can note on WikiFX that there're 13 reports about scams and withdrawal issue, which should be acknowledged as a warning sign. We urge traders to meticulously examine all available information. You can refer to our platform prior to trading for pertinent details. If you come across any rogue brokers or if you've fallen prey to such practices, kindly report it in our “Exposure” section. It would greatly aid our cause and our expert panel would take necessary steps to address the problem as soon as possible.
Customer Service
At GMQ Group, support service is exclusively via email, keeping aside instant-response channels like phone or live chat. It is notable for customers to be aware of this limited support structure and understand that immediate assistance might not be readily available. This implies that in case of any urgent requirements or immediate concerns, it might take some time for the resolution.
Email: support@gmqfin.com.
Conclusion
While GMQ Group identifies itself as an online trading platform based in Philippines, a host of red flags, including its unregulated status, cast doubts regarding its legitimacy. The lack of regulation creates a perilous environment for traders, with the potential for contravening standard financial practices. Additionally, issues with its website's accessibility and negative customer reviews on WikiFX point towards an imbalance in its professional handling and responsibility, adversely impacting the user experience.
It is advised that any prospective trader should tread cautiously when dealing with GMQ Group. Understanding the significance of transparency and regulatory compliance is imperative and it is suggested to choose platforms that adhere to these regulatory standards.
Frequently Asked Questions (FAQs)
| Q 1: | Is GMQ Group regulated？ |
| A 1: | No. It has been verified that this broker currently under no valid regulations |
| Q 2: | Does GMQ Group offer the industry leading MT4 & MT5？ |
| A 2: | No. |
| Q 3: | Is GMQ Group 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 unavailable website and negative customer feedbacks. |
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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