GSTrade claims to operate under the name GLOBAL SEEK Limited, stating it has registered offices in both Japan and Hong Kong. However, our verification efforts found no record of this company in the official registers of either the Japanese Financial Services Agency (FSA) or the Hong Kong Securities and Futures Commission (SFC). This means that, even if GSTrade maintains physical addresses in these jurisdictions, it does not hold any authorization to conduct regulated financial or forex trading activities in either location. Operating without proper licensing in such tightly regulated markets is a major red flag. Therefore, GSTrade appears to be a scam.