Score

2.01 /10
Danger

GSDO

United States

5-10 years

Suspicious Regulatory License

Vanuatu Retail Forex License Revoked

High potential risk

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.50

Risk Management Index0.00

Software Index6.91

License Index0.00

Open Account
Website

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

GS FINANCIAL SERCIVE LIMITED

Company Abbreviation

GSDO

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2024-09-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

I was defrauded by GSDOand lost money because of its reverse order advice

First, I was invited into the group, where every day there are teachers giving order recommendations and showing screenshots of orders with profits. Then I was asked to open an account to trade together. I did. When I lost money, I was incited to deposited money again after their analysis if the market. I deposited money, but still kept losing. The advisers insisted us not to stop losses and not to stop out, asking me to add positions. The agent of the platform gave irregular order advice. After the losses, I was not allowed to withdrawing money. He also told us to add positions, and then the account directly suffered a forced liquidation, making me lost all. Afterwards, I found that I was deceived. They just deliberately let us lose money. The money that I have earned so hard has been deceived. I checked my bank statement, finding the money went directly to this platform, and did not flow into the market according to normal operations. Then I contacted the platform. When they learned that I wanted to complain about them, they immediately said that they had disqualified the agent and dismissed the account manager. I want to ask If they don't violate the rules, why do you do this? Also, the platform fully acknowledges the reverse advice, but they argue that it was resulted from the agent, and has nothing to do with their platform. I would like to ask: Is the agent of their platform not representative of the platform? Isn't the agency doing everything tacitly approved by the platform? Now that my money has all been lost, they shirked the responsibility immediately. How can you do that? Moreover, I was guided by an "adviser", who caused my losses. These are abnormal losses.

ARUI
2019-03-07 22:43
GSDO · Company summary

Note:GSDO's official website:https://www.gsdo.com/language/default.php?language=en is currently inaccessible normally.

AspectInformation
Company NameGSDO
Registered Country/AreaUnited States
Founded Year2006
RegulationASIC(Suspicious Clone),VFSC(Revoked)
Trading PlatformMT4,MT5
Customer SupportPhone:+678 7100624,+852 51694936Email:service@gsdo.com

GSDO Information

Founded in 2006 and headquartered in the United States, GSDO is a broker providing trading on the MT4 and MT5 systems. Though it is thought to be a clone and had its VFSC control revoked, ASIC apparently controls it. Customer care by phone at +678 7100624 and +852 51694936 by email at service@gsdo.com.

GSDO Information

Is GSDO Legit or a Scam?

Is GSDO Legit or a Scam?
Vanuatu Financial Services Commission(VFSC)
Current StatusRevoked
Regulated byVFSC
License TypeRetail Forex License
License No.14875
Licensed InstitutionGS FINANCIAL SERVICE LIMITED
Is GSDO Legit or a Scam?
Australia Securities & Investment Commission(ASIC)
Current StatusSuspicious clone
Regulated byASIC
License TypeInstitution Forex License (STP)
License No.298221
Licensed InstitutionFINANCIAL MARKETS (AUSTRALIA) PTY LTD

Downsides of GSDO

The broker's claimed ASIC regulation is suspected to be a clone, and its VFSC regulation has been removed, so implying a lack of consistent control.

The company's questionable legal position and likelihood of dishonest activity define it as high risk.

More highlighting the risks associated with this broker are several accusations about dishonest practices including bogus trading advice and issues with withdrawals.

Negative GSDO Reviews on WikiFX

An essential comment part in WikiFX is exposure.

Before trading on unofficial platforms, we recommend users to check this part.It shows material and evaluate dangers. Please kindly visit our website for details.

WikiFx only had one exposure of GSDO.

Exposure.1 Fraud

Negative GSDO Reviews on WikiFX
ClassificationFraudulent practices
DateMarch 7th,2018
Post CountryHong Kong,China

The client said GSDO misled them with erroneous trading advice, resulting in significant losses and subsequently denial of withdrawal requests.You could go to:

https://www.wikifx.com/en/comments/detail/208034937007292.html

Conclusion

One high-risk option is GSDO, a U.S.-based broker with dubious claims on regulation and several fraud allegations. Trading with this broker carries risk; clients should pick open policy, controlled brokers.

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