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Danger
NZ FMA
2020-08-05
No data
Scam Brokers
Score
1.55 /10
Danger
GRMFX
Scam Brokers5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 52
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.34
Risk Management Index0.00
Software Index4.00
License Index0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website
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
Regulatory disclosure
Broker Information
More
Company Name
Great Motivation International Company Limited
Company Abbreviation
GRMFX
Platform registered country and region
United States
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
This platform is a Ponzi Scheme. Please stay away!
5
Previous Detection :
2025-04-25
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
WikiFX Verification
Exposure
52 pieces of exposure in total Pyramid scheme complaint
Expose Resolved
Unable to withdraw
This fraud has ceased the trading and absconded. The brokerage also run away.
2020-07-18 04:54
Scam
The Malaysian fraud induced us to deposit and gave no access to withdrawal
The Malaysian fraud induced us to deposit and gave no access to withdrawal. Now he has been disappeared.
2020-06-22 10:21
Unable to Withdraw
GRMFX gives no access to withdrawal. Can’t log in to the website.
It has been several months and I can’t get my principal back. The boss of the company is out of contact now. I don’t know what to do.
2020-10-11 14:27
Scam
You frauds will be discredited one day!
The original frauds in GRM are here now. Forex investment is a scam, capital tray. The regulators are useless. The event of taking part in Shanghai Money Fair is to win people’s trust!
2020-11-23 20:36
Resolved
GRM is a big rip-off
GRM absconded. Unable to log in and withdraw!! Absolutely a scam! I was cheated by acquaintance!
2020-09-03 10:28
Scam
Scam. Hope the frauds will be brought to justice early
Absconded. I hope these frauds will be caught by police early and everyone should beware when you invest.
2020-09-24 21:00
Unable to Withdraw
Unable to withdraw
How can I withdraw my funds? I don't know whether my funds can be withdrew. It has been in audit for a long time. My request to withdraw is rejected all the time.
2020-08-25 15:48
Unable to Withdraw
There is no info at the end of position lock
Over $10,000 can’t be withdrawn. Dear president Changwang Fang and teacher Jiaer Cao who is highly analytical, where are your promises and analyses? Do you live at ease with tens of thousands of investors’ money?
2020-09-19 00:15
Unable to Withdraw
Unable to withdraw. The leader Xu Zhibao has been seized.
The withdrawal is unavailable for 2 month. GRMFX has absconded. The business school continued to scam.
2020-07-22 16:19
Others
The bosses behind the scenery, Tang Hai and Xu Zhibao continued to scam and had conned several thousands of fund into the pool. The fund in business school is doomed.
Now they continued to rip victims. All parties have called the police. Hope these frauds be sentenced soon.
2020-06-26 19:28
Unable to Withdraw
Unable to withdraw
GRMFX noticed that the positions would be closed for three months on May 31. It’s August 31 now. I can’t withdraw my funds. The people in charge are all gone and can’t be contacted.
2020-08-31 22:28
Unable to Withdraw
It has been lock-up for a long time
I wish it’s not real. I can’t withdraw since May, 2020. I was notified the withdrawal was available in June, however, withdrawal was still unavailable. I trust GRMFX because it was under supervision of FINTRAC. I also told my friend to add over 10,000.
2020-08-27 19:18
Unable to Withdraw
Abscond, unable to withdraw
The website of GRM is disabled today. Abscond. I can’t withdraw since April. My own personal experience.
2020-09-03 13:33
Unable to Withdraw
Unable to withdraw
GRMFX claimed that the profit could be available after June 10th. Now is has locked the position and absconded. It is a rip-off.
2020-06-22 11:54
Unable to Withdraw
Unable to withdraw. The boss Zhibao Xu is still at large.
So many people trusted Zhibao Xu and invested in GRMFX . However, he cheated us and embezzled our money. Now he opens some new capital trays. I hope investors can avoid being cheated.
2020-10-11 14:14
Unable to Withdraw
The platform absconded. Unable to withdraw
GRMFX gives no access to withdrawal since June, 2019. The company noticed there were hackers attacking customers’ accounts, the regulator began investigating. The investigation will be finished after March. We can trade after the investigation finished. However, the platform can’t be opened after March
2020-10-12 15:12
52
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