GMGroup review – What is wrong with the Gmgroup.pro broker?

As of May 2023, the broker (gmgroup.pro) has ceased operations. But you can read the article to avoid falling for similar scammers.

Is GMGroup regulated? Only facts

Infinium Solutions Ltd, a Commonwealth of Dominica company that owns GMGroup, is the owner. We must be skeptical of offshore entities. After we find the owner, we can see what we have. Infinium Solutions Ltd also has FCTrading. This brand was blacklisted in Spain and Portugal for fraudulent activities. This made us suspicious of GMGroup.

What is wrong with a license: Beware of fraud

It turned out that GMGroup regulation was not available. The FSC of Dominica and other Tier1 regulators like ASIC, FCA, or BaFin are not to be found. Do yourself a favor and stay away from the GMGroup trading fraud.

Warnings about scamming GMGroup

GMGroup appears to be a UK-regulated company and uses the name of a legitimate business. This is how we received an FCA warning.

FCA issues an official warning – Evidence of fraud

The FCA states that GMGroup Forex broker is a part of Global Markets Group Limited. This UK company is legitimate. This is another scam used by offshore brokers to seduce innocent clients.

Is GMGroup trading a scam?

The GMGroup scam is active:

• Canada
• UK
• Australia
• Germany
• Spain

Other countries are also affected. So pay attention to any offer from this investment company.

Review of trading platform – Trading Software

The trading platform of GMGroup is not as representative and up-to-date as you might think. The broker provides a simple WebTrader that is not comparable to MT4 and MT5.

GMGroup WebTrader

Although it might seem like a trading opportunity, GMGroup WebTrader does not offer any. This platform does not have any special features or charts, even if you ignore the absence of indicators and charts. Social trading is impossible. However, you will still find limited tools such as Stop Loss or Take Profit.

Also, GMGroup login via mobile cannot be enabled. You will need to use your browser every time.

What products does GMGroup offer you?

GMGroup offers a standard selection of trading instruments including:

• Forex
• Commodities
• Indices
• Shares
• Cryptocurrencies

Overview of trading accounts – Demo and real accounts

Here is a list of GMGroup account types.

• Basic – $250
• Bronze – $5,001
• Silver – $15,000.001
• Gold – 50.001
• Platinum – 150,001
• Diamond – $500,000.001
• Black – 1M+

As you can see, GMGroup’s initial deposit of $250 is pretty standard in the investment industry.

GMGroup.pro demo account as a lure

GMGroup offers a Demo account upon request. However, it is a lure. Withdrawals will not be possible once you have invested real money.

How can I deposit with GMGroup?

There are not many deposit options. There are three options for clients:

• Credit/debit card
• Wire transfer
• Bitcoin

We don’t know anything about fees but we are certain that the company will ensure that you pay any transfer fees.

Scammer at GMGroup: Welcome bonus

We have reached the most egregious scam – the GMGroup bonus. Depending on the amount of the initial deposit, the company will offer 15-25% off. You cannot withdraw funds until you have repaid the bonus and 25 percent of the initial deposit. This means that you must repay $7,187 even if your minimum deposit is made in order to be eligible to withdraw your funds.

Have you been scammed by GMGroup broker?

Let us know if you are a victim of the GMGroup scam. Our recovery specialists can assist you with the chargeback process and help you get back your money. Do not let fraudsters take your money.

GMGroup: Video

Below you will find a short video about GMGroup. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about GMGroup!