ANSWER Dear Investor,
GSI Markets is not a trustworthy broker, as it does not hold a valid financial license from any recognized regulatory authority.
The platform claims to operate under Media Force Limited, registered with the Marshall Islands Registry (IRI). While our checks confirm that a company by this name exists in the IRI database, it is crucial to understand that the IRI is not a government regulatory body, but a private corporate registry that provides no oversight or authorization for financial services, including forex trading. Therefore, this registration does not constitute a legitimate financial license.
Adding to these concerns, both the UK’s Financial Conduct Authority (FCA) and Spain’s Comisión Nacional del Mercado de Valores (CNMV) have publicly listed GSI Markets in their warnings and alerts, explicitly stating that the firm is not authorized to offer financial services or products within their jurisdictions.
Given these red flags, we strongly advise you to avoid trading with GSI Markets to safeguard your capital and personal information.
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