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GPS-Some important Details about This Broker

GPS | 2024-02-29 13:37

Abstract:GPS Capital Markets, founded in 2002 and headquartered in the United Kingdom, is a provider of foreign exchange products and services. Their FXpert platform serves as a robust trading platform for clients. With a global presence spanning 10 US cities, the UK, and Australia, GPS Capital Markets distinguishes itself by catering to small startups, middle market firms, and multinational corporations. However, its license has been exceeded.

GPS Review Summary
Founded 2002
Registered Country/Region United Kingdom
Regulation FCA (Exceeded)
Products & Services Foreign Currency Exchange, Balance Sheet Hedging, Corporate Foreign Exchange, International Payments, and Currency Risk Management
Trading Platforms FXpert platform
Minimum Deposit N/A
Customer Support Phone, email, Facebook, YouTube, Linkedin, online messaging

What is GPS?

GPS Capital Markets, founded in 2002 and headquartered in the United Kingdom, is a provider of foreign exchange products and services. Their FXpert platform serves as a robust trading platform for clients. With a global presence spanning 10 US cities, the UK, and Australia, GPS Capital Markets distinguishes itself by catering to small startups, middle market firms, and multinational corporations. However, its license has been exceeded.

GPS homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Diversified Services
  • FCA (Exceeded)
  • Multiple communication channels
  • Limited Trading Platform Options
  • FXpert platform provided

Pros of GPS Capital Markets:

- Diversified Services: GPS Capital Markets offers a wide range of services, such as foreign currency exchange, corporate foreign exchange, international payments, and currency risk management, allowing clients to meet various financial needs.

- Multiple Communication Channels: GPS Capital Markets provides clients with multiple communication channels, including phone, email, social media, and online messaging, making it convenient for clients to reach out for support and assistance.

- FXpert Platform Provided: The FXpert platform offered by GPS Capital Markets is a dedicated trading platform that can streamline and enhance the management of foreign exchange transactions for clients.

Cons of GPS Capital Markets:

- FCA (Exceeded):GPS isoperated beyond the permissible business scope governed by the Financial Conduct Authority (FCA) can pose significant risks and legal implications for a brokerage firm.This means it may face penalties, fines, license suspension, or even revocation by the regulatory authority.

- Limited Trading Platform Options: Clients who rely solely on the FXpert platform provided by GPS may face a risk of platform dependency, as having alternative platform options can offer diversity and flexibility in trading strategies.

Is GPS Safe or Scam?

This brokerage firm operates beyond the permissible business scope governed by The Financial Conduct Authority (FCA) under license number 605598, as it holds an Investment Advisory License Non-Forex License. When contemplating investment opportunities with GPS, conducting thorough research becomes paramount in evaluating the associated risks and rewards before committing to any decisions.

exceeded FCA license

In essence, investing with brokers that fall within established regulatory frameworks is highly advised to ensure adequate protection of your capital. Prioritize working with well-regulated entities to mitigate risks and enhance the security of your investments. By exercising due diligence and prudence in your investment decisions, you can make informed choices that align with your financial goals and risk tolerance levels. Remember, the safety and protection of your investment capital should always remain a top priority in the volatile landscape of financial markets.

Products & Services

GPS Capital Markets offers a comprehensive suite of products and services designed to meet the diverse FX needs of businesses. Their offerings include Foreign Currency Exchange, Balance Sheet Hedging, Corporate Foreign Exchange, International Payments, and Currency Risk Management.

GPS offers Foreign Currency Exchange, providing clients with transactions for converting currencies with precision and efficiency. Through Balance Sheet Hedging solutions, GPS helps companies mitigate risks associated with currency fluctuations by developing customized strategies that align with their financial objectives.

GPS also provides individualized customer service, where a team of dedicated professionals offers personalized guidance and support at every step of the FX process. Whether it is Corporate Foreign Exchange services for multinational corporations or facilitating International Payments for global transactions, GPS ensures that each client receives tailored solutions that address their specific needs and challenges.

Moreover, GPS specializes in Currency Risk Management, providing proactive insights on market trends and strategic advice on risk mitigation strategies to safeguard clients against unforeseen market fluctuations.

Trading Platforms

FXpert is a platform provided by GPS that offers a comprehensive suite of management tools for handling a wide range of foreign exchange (FX) transactions, from basic SPOT transactions to complex hedging strategies. The platform allows users to manage contracts in a unified portal, conduct netting within the system, and issue individual trade confirmations to each subsidiary, enabling sub-level hedging while ensuring compliance with GAAP and IFRS standards.

Fatures and capabilities of FXpert include:

- Managing CASH, TOM, and SPOT transactions

- Performing split payments

- Utilizing treasury management tools

- Implementing cash flow hedging

- Executing balance sheet hedging and generating balance reporting

- Facilitating intercompany netting to streamline transactions between subsidiaries

FXpert also provides expertise in balance sheet hedging, offering customized strategies to mitigate risk and automate the hedging process. Additionally, the platform leverages data analytics and 25 years of trading experience to optimize pricing and enhance transaction management. GPS, as a full member of the SWIFT network, ensures reliable transaction processing with A1P1 rated counterparties.

Moreover, FXpert supports cash flow hedging by enabling users to create accurate cash flow forecasts, evaluate exposure globally, and manage exposures across multiple currencies and entities. The platform offers 24/7 expert support, helping users enhance hedging confidence and efficiency over time.

FXpert

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone:

APAC: 1-800-844-873

CA: 1-416-907-0675

EU: 1-370-5-214-3168

UK: 0-800-652-6162

US: 1-800-459-8181

Email: info@gpsfx.com

Address: 10813 South River Front, Parkway, Suite 400, South Jordan, UT 84095

Moreover, clients could get in touch with this broker through the social media, such as Facebook, YouTube and Linkedin.

GPS offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

contact form

Conclusion

In summary, GPS Capital Markets caters to a diverse clientele ranging from small startups to multinational corporations. GPS Capital Markets offers diversified services and provides multiple communication channels and the FXpert platform, but there are considerations such as limited trading platform options and potential challenges related to platform dependency and the learning curve that clients should be aware of.

Frequently Asked Questions (FAQs)

Q 1: Is GPS regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at GPS?
A 2: You can contact via phone, email. Facebook, YouTube, Linkedin, online messaging.
Q 3: What platform does GPS offer?
A 3: It offers FXpert Platform.
Q 4: What services and products GPS provides?
A 4: It provides Foreign Currency Exchange, Balance Sheet Hedging, Corporate Foreign Exchange, International Payments, and Currency Risk Management.

Risk Warning

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 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.

LeverageCommissionCurrency PairClearingBrokerDealer

Related broker

Over-Operation
GPS
Company name:GPS Capital Markets, Inc
Score
3.23
Website:https://www.gpsfx.com/
5-10 years | Regulated in United Kingdom | Investment Advisory License | Suspicious biz area
Score
3.23

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