Score

1.79 /10
Danger

GMTK Fintech

Vanuatu

1-2 years

Suspicious Regulatory License

MT4 Full License

Regional Brokers

High potential risk

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Score

Regulatory Index0.00

Business Index4.14

Risk Management Index0.00

Software Index8.34

License Index0.00

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Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

GMTK TECH LIMITED

Company Abbreviation

GMTK Fintech

Platform registered country and region

Vanuatu

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 40361) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

GMTK Fintech · Company summary
GMTK Fintech Basic Information
Company Name GMTK Fintech
Headquarters Vanuatu
Regulations VFSC (Suspicious Clone)
Tradable Assets Forex, futures products, indices
Time to open account Instant
Trading Platforms Meta Trader 4 platform
Customer Support Email: enquiry@gmtkmail.com

Overview of GMTK Fintech

GMTK Fintech is a broker situated in Vanuatu, which registered in 1st Floor, B & P House, Kumul Highway, Portvila, Vanuatu. It is an online trading platform offering a variety of financial instruments to traders. With a range of account types, traders can access the forex, futures products and indices through the Meta Trader 4 platform. However, it is a suspected clone may pose risks to traders, requiring careful consideration before engaging in trading activities.

Overview of GMTK Fintech

Is GMTK Fintech Legit?

GMTK Fintech is not regulated, which meansthis broker currently has no valid regulation, which means it operates without oversight from recognized financial regulatory authorities. The VanuatuVFSC regulation (license number: 40361) claimed by this broker is suspected to be clone. In this way, traders are advised to thoroughly research and consider the regulatory status of a broker before engaging in trading activities to ensure a safer and more secure trading experience.

Is GMTK Fintech Legit?
Is GMTK Fintech Legit?

Pros and Cons

GMTK Fintech offers traders 5 classes of trading instruments and multiple account types, providing flexibility and catering to varying trading needs. Additionally, the utilization of the popular MT4 platform enhances accessibility and familiarity for traders. However, the suspected fake clone raises concerns about transparency and investor protection. Overall, while GMTK Fintech offers opportunities for trading, traders should approach with caution due to the lack of regulatory supervision and limited support resources.

Pros Cons
  • 5 classes of trading instruments
  • Suspected fake clone, potentially exposing traders to risks
  • Multiple account types available
  • Limited customer support options, primarily through email and calls
  • Utilizes the popular mobile platform
  • Lack of educational resources or transparency regarding company policies and procedures
  • Provides flexibility with variable spreads

Trading Instruments

GMTK Fintech offers 5 classes of trading instruments, including forex, precious metals, indices, energy, cryptocurrency.

Trading Instruments

How to open an account with GMTK Fintech

1. Set up a profile, open a genuine account or utilize a test account to try it out.

2. Acquire a trading platform. The platform work with computers, mobile phones, and web-enabled devices.

3. Begin trading. Send a moderate sum of money to your account, and use it to experiment with the foreign exchange market.

How to open an account with GMTK Fintech
How to open an account with GMTK Fintech

Spreads and Commissions

Forex:

Forex trading with this platform allows for substantial leverage, up to 500 times the initial investment, enabling traders to amplify their trading volume, which has reached 60 million. They offer competitive spreads, beginning as low as 1 pip, making trading cost-effective. The accessibility is notable, with a minimum deposit requirement of just 10 dollars, which has attracted over 17 million registered users. Additionally, the platform encourages trading by charging no fees on deposits, allowing traders to maximize their investment without worrying about additional costs.

Forex
precious metals

Indices:

Indices

Energy:

energy

Cryptocurrency:

Cryptocurrency

Trading Platforms

GMTK Fintech exclusively utilizes the MT4 platform. MetaTrader4(MT4) is the pre-eminent trading platform for Forex and Contracts for Difference (CFD) trading, offering advanced technical analysis and flexible trading systems.

Trading Platforms

Customer Support

The company can be contacted at enquiry@gmtkmail.com for any inquiries or assistance.

Customer Support

Conclusion

In conclusion, GMTK Fintech offers access to various popular trading instruments, along with the widely used MT4 trading platform, facilitating flexible and accessible trading opportunities. However, the suspected of regulatory oversight poses potential risk may hinder efficient resolution of inquiries. Additionally, the lack of educational resources and unclear company policies may present challenges for traders seeking comprehensive guidance. Traders should exercise caution and conduct thorough research before engaging with GMTK Fintech to mitigate potential risks and ensure a safer trading experience.

FAQs

What trading platforms does GMTK Fintech support?

GMTK Fintech supports trading through the Meta Trader 4 platform.

Can you list the tradable assets provided by GMTK Fintech?

GMTK Fintech offers a range of tradable assets, including forex, futures products, and indices.

Is GMTK Fintech legit?

GMTK Fintech is currently considered a suspicious clone and claims to hold regulation from VanuatuVFSC (license number: 40361), which is suspected to be not authentic.

Risk Warning

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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HugoJules
more than one year
Tight spreads, educational resources, excellent platform - this broker pretty much has it all. But the best part? Their commission fees are super low. More money in my pocket means more capital to trade with.
Tight spreads, educational resources, excellent platform - this broker pretty much has it all. But the best part? Their commission fees are super low. More money in my pocket means more capital to trade with.
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2024-07-10 17:46
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Cairo Yvk
more than one year
Got the requested service faster than I could ask for it... 👍
Got the requested service faster than I could ask for it... 👍
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2024-05-29 14:42
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