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GSM Trade
Operating status: SCAM
Broker violations and abnormal records
On Dec 3, 2025, the Securities And Futures Commission(SFC) issued a warning against GSM Trade, believing this company might be providing financial services or products without proper authorization in the HK. https://www.sfc.hk/en/alert-list/3202
On Dec 3, 2025, the Securities And Futures Commission(SFC) issued a warning against GSM Trade, believing this company might be providing financial services or products without proper authorization in the HK. https://www.sfc.hk/en/alert-list/3202According to its website, it claims to be regulated by the US Financial Crimes Enforcement Network (FinCEN). FinCEN is known to lack the authority to regulate forex trading, and it does not display any other substantial certifications on its website. Furthermore, the Securities and Futures Commission(SFC) issued a warning against GSM Trade, believing this company might be providing financial services or products without proper authorization in the HK.
In fact, GSM Trade is not regulated by any authority. Therefore, GSM Trade is a scam.
According to its website, it claims to be regulated by the US Financial Crimes Enforcement Network (FinCEN). FinCEN is known to lack the authority to regulate forex trading, and it does not display any other substantial certifications on its website. Furthermore, the Securities and Futures Commission(SFC) issued a warning against GSM Trade, believing this company might be providing financial services or products without proper authorization in the HK. In fact, GSM Trade is not regulated by any authority. Therefore, GSM Trade is a scam.
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