Alert: Client Complaint Reveals GMZ Global's Fake Return Claims and Call Tactics to Solicit More Funds

In April, BrokersView identified that GMZ Global continues its operations, suspected of fraud, using a new unauthorized domain, following a complaint from a client who reported being unable to withdraw funds from the forex broker.

A recent complaint from a trader, who invested Rs 21,000 at GMZ Global but could not access withdrawals, has shed further light on the platform’s alleged fraudulent practices.

The client deposits Rs 21,000 on the GMZ Global platform

Fake promises of multiplied returns

The trader alleged that GMZ Global guaranteed rapid returns, stating that immediate fund deposits would multiply within days, weeks, or months.

False celebrity endorsements

According to his complaint, GMZ Global allegedly promoted its investment scheme using fabricated endorsements from public figures, including politicians, ministers, athletes, and even the CEO of Google.

Demands for more deposits

After the initial investment, the trader was told to deposit hundreds of thousands of rupees into gold or other marketable commodities to receive returns. Direct phone calls urging additional deposits were also reported.

“And they focus only from our side deposits and they are not ready to teach us the account security, withdrawal, KYC documents uploading and other essential process,” stated the trader.

Changes in GMZ Global’s regulatory status

GMZ Global was initially authorized by the Anjouan Offshore Finance Authority (AOFA), with its registered domain listed as https://gmzglobal.com/, which has been estimated inaccessible since at least February 2025.

A new domain, https://gmzglobal.net/, was subsequently identified; however, it was never updated in AOFA's official records and is therefore unauthorized. As of 10 June 2025, GMZ Global’s AOFA license has officially expired. Despite this, the platform continues to display outdated authorization details on its website.

In addition, the AOFA registry shows that license number L15739/XGLTD is currently assigned to an entirely different domain, which highlights GMZ Global’s claims about its legitimacy as false.

These findings indicate the company is currently operating without any regulatory oversight, which largely intensifies its scrupulous practices targeting traders.

BrokersView has added GMZ Global to the Scam list.

We caution that financial losses incurred through unregulated brokers are rarely recoverable, as regulatory protections do not apply. Investors are strongly urged to avoid engaging with GMZ Global.

If you've fallen victim to financial scams or faced potential fraudulent practices or misconduct at your brokers, reach out to us through Submit a Complaint. The BrokersView team is dedicated to exposing scams, raising investor awareness, and assisting with dispute resolution between traders and brokers free of charge.