FastBull BrokersView
Sign In

GMT Brokers Ltd

Save

Operating status: SCAM

Website: https://gmtbrokers.com/; https://gmtbrokers.net/

Broker violations and abnormal records
  • May 22, 2024 The CONSOB issued a Warning against GMT Brokers Ltd

    On 23 May 2024, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that GMT Brokers Ltd was providing financial services or products without authorisation. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-23-may-2024/718268

    On 23 May 2024, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that GMT Brokers Ltd was providing financial services or products without authorisation. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-23-may-2024/718268
  • May 27, 2024 BrokersView has Reviewed that GMT Brokers Ltd is an Unregulated Broker

    According to its website, it claims to be regulated the Marshall Islands Registry (IRI) and Brokers Conduct Authority (BCA). Upon investigation, no matching information was found in the IRI. It is worth noting that there seems to be no official information found about the BCA organization it claims to be. It is likely to be a fake organization and cannot be trusted.

    In addition, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that GMT Brokers Ltd was providing financial services or products without authorisation.

    The truth is that GMT Brokers Ltd is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    GMT Brokers Ltd is a scam.

    According to its website, it claims to be regulated the Marshall Islands Registry (IRI) and Brokers Conduct Authority (BCA). Upon investigation, no matching information was found in the IRI. It is worth noting that there seems to be no official information found about the BCA organization it claims to be. It is likely to be a fake organization and cannot be trusted.In addition, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that GMT Brokers Ltd was providing financial services or products without authorisation.The truth is that GMT Brokers Ltd is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.GMT Brokers Ltd is a scam.
  • Oct 10, 2024 The CONSOB blacklists GMT Brokers Ltd

    On October 11, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered GMT Brokers Ltd's website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-11-october-2024-abusive-/718268

    On October 11, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered GMT Brokers Ltd's website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-11-october-2024-abusive-/718268

Related Complaints

Q&A

GMT Brokers Ltd provided some information to prove they are legit. Can I trust them?

Okullo Robert
Italy
May 28, 2024
ANSWER We strongly advise against engaging with GMT Brokers Ltd, as it appears to be a fraudulent entity.The company's purported registration with the Marshall Islands Registry (IRI) lacks credibility, as our investigation found no corresponding records within this registry. Furthermore, the broker asserts membership with the "Brokers Conduct Authority", even providing a link to a page listing its members, which includes GMT Brokers Ltd. However, our research indicates that the Brokers Conduct Authority is likely a fictitious organization. We found no official data to substantiate its existence or its authority to license and regulate brokers.Adding to the concern, the Commissione Nazionale per le Società e la Borsa (CONSOB) has included GMT Brokers Ltd on its warning list and ordered the shutdown of its website due to fraudulent activities.In light of these findings, GMT Brokers Ltd presents a significant risk of fraud and identity theft and cannot be trusted. We urge investors to exercise due diligence when selecting a broker and not to take their claims at face value.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.