https://www.gsmfx.net
Website
Licensed Institution:H Four Glory Pty Ltd
License No.:001281851
gsmfx.net
Server Location
Hong Kong
Website Domain Name
gsmfx.net
Server IP
47.91.164.210
GSMReview Summary | |
Founded | 2019-10-23 |
Registered Country/Region | United Kingdom |
Regulation | Suspicious Clone |
Market Instruments | Precious metals/Stock index futures/Crude oil |
Demo Account | / |
Leverage | Up to 1:200 |
Spread | From 0.0 pips |
Trading Platform | MT5(PC) |
Min Deposit | $100 |
Customer Support | Phone: +44 2084 323 088 |
Email: info@gsmfx.net |
Registered in the United Kingdom, GSM is a brokerthatprovides investors with precious metals, stock indices, futures, crude oil, and other internationally popular trading products. The tradable instruments with a maximum leverage of 1:200. The broker also provides three accounts with a maximum leverage of 1:200. The minimum spread is from 0.0 pips and the minimum deposit is $100. GSM is still risky due to its suspicious clone status, and bad reviews about stock fraud.
Pros | Cons |
Leverage up to 1:200 | Suspicious Clone |
MT5 available | Inaccessible official website |
Spread from 0.0 pips | Stock fraud |
Unspecific transfer time and fee information | |
No 24/7 customer support |
GSM is regulated by ASIC with license number 001281851, but the current status is 'suspicious clone'.
xx offers various market instruments, including precious metals, stock index futures, crude oil, and more.
Tradable Instruments | Supported |
Crude Oil | ✔ |
Stock Index Futures | ✔ |
Cryptocurrencies | ✔ |
GSM has three account types: classic, pro, and VIP. Traders who want low leverage can choose classic and pro accounts, while those with a sufficient budget can open a VIP account.
Account Type | Classic | Pro | VIP |
Minimum deposit | $100 | $100 | $5000 |
Spreads from | 1.6 pips | 0.0 pips | 0.0 pips |
Max leverage | 1:200 | 1:200 | 1:200 |
Min. lots | 0.01 | 0.01 | 0.01 |
Commission | $0 | 2 per side per 100000 traded | 1 per side per 100000 traded |
Swap-free Islamic account option | ✔ | ✔ | ✔ |
The spread starts from 0.0 pips, the commission is from $0. The lower the spread, the faster the liquidity.
The maximum leverage is 1:200 meaning that profits and losses are magnified 200 times.
GSM cooperates with the authoritative MT5 trading platform available in PC to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.
Trading Platform | Supported | Available Devices | Suitable for |
MT5 | ✔ | PC | Experienced traders |
The minimum deposit is $100. However, the official website is inaccessible, so transfer processing times, methods, and associated fees are unknown.
Exposure WikiFX Review: What you should know about GSM?
The exposure on WikiFX about the broker is a red flag. It may be alerting you that the broker is dangerous!
2022-09-28 16:28
News WikiFX Review: Why does GSM catch many traders’ attention recently?
Recently GSM has become a trending topic in forex markets. What is the relationship between GSM and WinterSnow Limited? WikiFX made a comprehension review on it to help you better understand this broker. we will analyze the reliability of this broker from specific information, regulation, exposure and etc. Let’s get into it.
2022-08-30 10:46
Exposure Wintersnow Ltd Changed Its Name to GSM Ltd After Being Exposed?!
It was just last week when WikiFX reported that Wintersnow Ltd could have bought fake followers to boost its Twitter account. Unbeknownst to many, now the Wintersnow Ltd's Twitter account is gone within a week since our article. Keep reading to see what could have happened.
2022-08-19 19:00
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OM 6551
United Kingdom
from internet far east people scamming europian it seems like the company register in uk but reality after police review is scam and fraud chiness man behind it . don’t trust this scammer i have lost lot with them . totally fraud .
Exposure
2024-02-19
OM 6551
United Kingdom
I was contracted by Viber to register the group as they have over 200 people crowed group everyone talking about it how great platform is it . girl calm Wendy contract me and talk to her lots of time over the phone also I was convince to invest over all for Rocket project I hav invested £50000 and start trading with company call Wintersnowx . after few weeks is Chnage to GSM company still trading with MT5 and few weeks later it’s Change to OBFX and traded for month made 508 usd total . in return of withdraw they clear my account and block my account without access . all the money was vanish from account also . need support and help to recycler the funds as well as warn to people about fraud . this company and group of people play some game to take your money . simply they are farud . Wintersnowx WintersnowFX . GSM OBFX this all Company are same and they all fake and fraud . I have full pack of evidence for communication , emails , MT5 account details and account details . also evidence of company and money deposit through BInace . I hope I will get some help .
Exposure
2023-01-22
FX1212733337
Saudi Arabia
He's a crook. He closed my account and there was 4000 dollars in it
Exposure
2023-01-14
FX57947855
United States
During the time I was investing on this platform, I made about $51000, GSM formally called wintersnow using their online platform, I was unable to withdraw. My deposit was swiftly transferred to my wallet when I submitted a chargeback through Cyb3rNub/net . my account manager executed trades without my knowledge because I have little knowledge of trading. This company have scammed a lot of people and they are not stopping soon
Exposure
2023-01-06
Tommy54353
United Kingdom
This company is a scam company. They told me to give out money within 1-3 working days. They just found various reasons not to give out, and then closed my account, and I couldn’t get in. Then I changed the account password, and they can still do whatever they want. Into my account, all the amount in my transaction was lost, and then they withdrew all the remaining money to their account, and said that it was my own operation that framed me for the loss. Look, God will definitely bring retribution
Exposure
2022-12-29
FX244677432
United Kingdom
I have deposited $340,000 to this broker GSM when i request to withdraw profit they told me that i have to pay personal income tax before i could withdraw
Exposure
2022-11-04
Abby9157
Oman
I registered my account with this company (GSM) and made a large deposit to them. I started trading on mt5 platform. When I wanted to withdraw my money, they started inventing stories for me, and every time I sent them an amount they asked me a new story and kept doing it. I finally realized it is a fake and misleading company and they closed my account and I couldn't open my mt5 account. Until today I don't get my money back. Among them, I don't know if you can help me withdraw my money from this fake company, this is my account with them.950558
Exposure
2022-11-01
Mr773
Saudi Arabia
I registered in Grand signal markets limited by MetaTrader 5 for two months now I want to withdraw my money but they told me can’t withdraw until you transfer more money .. What I can do now ? Who can help me ?
Exposure
2022-10-30
Fx3578064
Australia
They denied my withdrawal and closed my account on the grounds of suspicious behaviour, sending me emails that follows as their justification. Security checks were conducted on my trading account, and they were forced to stop it as a result of suspicious activity on it which i don’t understand . They assured me that all of my deposits would be returned, and I gave them my beneficiary account information in text form so they could transfer my funds which they rejected it was devastating when i realize it’s a scam this is second time posting about GSM my uploaded photo explained further.
Exposure
2022-10-26
Hasegawa
United States
I traded with GSM and was close to losing it all brutally. I had invested in february and traded with them all through till august but they wanted me to keep trading or risk losing the entire investment i managed to initiate withdrawal eventually but it wasn't through GSM
Exposure
2022-10-26
Fx4679443
United Kingdom
GSM held my $56,000 money hostage without showing any regret, and nobody will told me what to expect. They requested more money as a deposit to help me increase my investment, but when they rejected it, I requested a little withdrawal of my profit. Even though I had completed all of my paper work correctly, the withdrawal did not happen. of AssetsClaimBack . (Without their services, they would have kept my money forever). Instead, look for a different legitimate broker most online investment firm are scam
Exposure
2022-10-24
Евгений Пикунов
Russia
The presented withdrawal receipt is not real.
Exposure
2022-10-20
lung6586
Taiwan
The 65,819USD in my account was swindled by this platform.
Exposure
2022-10-02
FX5743883
United States
GSM is a scam broker I requested a withdrawal a month ago, but it was never processed, they sent me an email saying that because I might have a low balance in my account after withdrawing, I was advised to deposit before requesting a withdrawal. But even after following their request to keep depositing the money the withdrawals were not processed. I started trading and there was a huge delay in my orders and slippage, that's why asked for a withdrawal. It's been 2 weeks and I haven't gotten any more replies!!! Stay away!
Exposure
2022-09-25
YKK2828
Taiwan
Hong Kong netizens were induced to download Binance, metatrade5, and the traders were GSM lunboux limited, Naturalseven limited, and they were unable to withdraw funds in the end.
Exposure
2022-09-24
lung6586
Taiwan
The original account of 65819USD disappeared for no reason, even the mailbox URL could not be found and the platform disappeared for no reason
Exposure
2022-09-24
Tay1
Turkey
this company is not to be trusted at all, withdrawal was a very big problem, my name here aided and did it. first photo here
Exposure
2022-09-24
FX5743883
United States
Unable to withdraw with GSM is all scam stay away from them big liners and trade manipulator
Exposure
2022-09-23
Withdraw by Finrecoup
United States
wish i read the reviews more closely, GSM previously known to be wintersnowFx asked for a tax deposit for me to withdraw my money then reduced my balance to the absolute minimum and blamed it on the volatility of the market
Exposure
2022-09-23
Nick94770
Singapore
I was introduced to MetaTrader 5 by my online friend and opened an account at Wintersnow Limited and made a 10000USD deposit. Wintersnow Limited informed me that Broker changed from Wintersnow-Server to GrandSignalMarkets-Server; I logged in with the new account and the account funds remain unchanged; I deposited up to 42000USD. I requested the withdrawal from my account on 24th August 2022, the Platform Customer Service requested a 5% of service fee; and Platform Customer Service told me that I was unable to withdraw my fund without paying the 5% service fee. My friend and I paid the service fees on 26th August 2022 and the Platform Customer Service told me that I would receive the withdrawal after 2 working days. I realized that I am unable to log in to my account since 29th August 2022. The fraud platform Grand Signal Markets Limited allows trade and does not allow fund withdrawal. The account cannot be logged in and the Platform Customer Service disappeared. I sent a few emails to them and no reply from them.
Exposure
2022-09-16