Score

1.58 /10
Danger

GPM

United Kingdom

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Belize Retail Forex License Revoked

High potential risk

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.53

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

Gemho Priority Market

Company Abbreviation

GPM

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-11-16
  • 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

Pyramid scheme complaint
Expose
GPM · Company summary

Note: GPM is to operate via the website - http://www.gpmfx.com/#, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

This broker has been verified to be illegal and its licence - Belize FSC (license number: IFSC/60/506/TS/17)s regulatory status is abnormal. Also, it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

GPM, a trading name of Gemho Priority Market Ltd, is allegedly an offshore forex brokerage registered in the United Kingdom on 12 December 2016, offering the industry-standard MT4 trading platform.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.

As for regulation, it has been verified that GPM has a revoked Financial Services Commission (FSC) license. Note that its regulatory status on WikiFX is listed as “Illegal” and receives a relatively low score of 1.96/10. Please be aware of the risk.

General Information & Regulation
General Information & Regulation

Market Instruments

GPM advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.

Trading Platform Available

The platform available for trading at GPM is the world's most advanced and popularly-used MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. Using suitable mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Customer Support

GPMs customer support can be reached by telephone: 4006080388 and email: info@gpmfxuk.com. You can also follow this broker on social networks such as QQ: 2682841869. Registered office address: 1st Floor 41 Chalton Street, London, United Kingdom, NW1 1JD.

Pros & Cons

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User Reviews

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User comment

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Comments

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FX1274401823
more than one year
The scam company GPM has been established for more than five years, and now the website has been sold. I think they should have scammed enough money and ran away.
The scam company GPM has been established for more than five years, and now the website has been sold. I think they should have scammed enough money and ran away.
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2023-02-24 11:59
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A十一
more than one year
Total an illegal fraud company! They have run away. I don't know if the police have caught them. If they haven't, they will probably soon. Be cautious with GPM, and any other scammers!
Total an illegal fraud company! They have run away. I don't know if the police have caught them. If they haven't, they will probably soon. Be cautious with GPM, and any other scammers!
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2022-11-27 15:03
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