GMT Trading Review : Fees, Pros and Cons, Reviews by Real Traders

GMT Trading

Operating status: SCAM

Website: https://www.gmttrading.io

Broker violations and abnormal records

Jul 24, 2022 The Switzerland FINMA Added GMT Trading into Its Warning
On 25 July 2022, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning that GMT Trading is not entered in commercial register. You may visit: https://www.finma.ch/en/finma-public/warning-list/gmt-trading/

On 25 July 2022, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning that GMT Trading is not entered in commercial register. You may visit: https://www.finma.ch/en/finma-public/warning-list/gmt-trading/
Jul 26, 2022 BrokersView has Reviewed that GMT Trading is an Unregulated Forex Broker
GMT Trading claims to be the finest broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
GMT Trading also claims it is based in Switzerland. As per Swiss law, GMT Trading shall be regulated by the Swiss Financial Market Supervisory Authority (FINMA) to provide financial services. However, we searched FINMA and found a warning.
FINMA issued a warning that GMT Trading is not entered in the commercial register. That means this broker is not authorized to provide financial services.
The truth is that GMT Trading is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

GMT Trading claims to be the finest broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. GMT Trading also claims it is based in Switzerland. As per Swiss law, GMT Trading shall be regulated by the Swiss Financial Market Supervisory Authority (FINMA) to provide financial services. However, we searched FINMA and found a warning. FINMA issued a warning that GMT Trading is not entered in the commercial register. That means this broker is not authorized to provide financial services. The truth is that GMT Trading is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.
Sep 21, 2022 BrokersView has found that GMT Trading is not working
BrokersView found the domain "https://www.gmttrading.io" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://www.gmttrading.io" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
Oct 13, 2022 The Ontario OSC Added GMT Trading into Its Warnings
On 14 Oct 2022, the Ontario Securities Commission issued a warning that GMT Trading was not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/gmttradingio

On 14 Oct 2022, the Ontario Securities Commission issued a warning that GMT Trading was not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/gmttradingio

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.