ALERT | Review: Is it Legit or a Scam logo
Rated 1 out of 5
Scam Company
1 out of 5 stars (based on 3 reviews)


Item Description Website Information
GM Group
Upper Bank Street, Canary Wharf, London, UNITED KINGDOM, E14 5BT Suite 501, 18 King William Street, London, UNITED KINGDOM, EC4N 7BP 8 Copthall, 00152, Roseau Valley, DOMINICA A Minshull House, 67 Wellington Road North, Cheshire, UNITED KINGDOM
+442080978010 (UK) +14505542153 (US) +61272520877 (AU)
CONTACT EMAIL: (valid) (valid)
CloudFlare Inc.

Disclaimer: The information on this document was based on information gathered during the website investigation period. Please note that the information provided might be outdated because there might have been changes on the investigated website (i.e. website had been suspended or website had changed owners and changed its content).

What is About?

GMGroup was allegedly created with the help of investors by a group of experienced traders. Owners of GMGroup are said to have a history of asset trading. They assert that they are experts in digital currencies, stocks, commodities, and recently, foreign exchange. 

They also claim that although they are a small business, they are big and competent enough to suit their customers’ needs and deliver innovative, first-rate goods and services. They assert to have operations in the largest commercial hubs across the globe and have recently moved into new places where there is a significant need for online trading services. homepage

What is Offering to the Clients?

They assert that their goal is to be their clients’ most intimate business partner. They have certain policies that safeguard customers from negative balances and guarantee that you won’t fall below zero. 

Additionally, according to GMGroup, your money cannot be utilized for additional investments from the firm because the capital of the company and the client’s investment are stored in separate bank accounts. 

Forex, commodities, shares, indices, and digital currency are all the marketplaces that GMGroup trades in. They assure their customers of more revenues. Helping their clients achieve their objectives and build the world they deserve and envision is their alleged vision.

Is Legit or a Scam?

Looking at their website reveals that they are not subject to any regulatory bodies. That raises a Big red flag! That ought to be sufficient to convince you not to work with them. Additionally, they collaborate with “Automated trading software”-related websites, which is another warning sign because these websites are infamous for their involvement in scams.

No matter whether you have earnings or not, if you wish to withdraw money, they will put off the process for months. You won’t be able to file a chargeback after a six-month delay, and your money will be permanently lost. You will not get your money back, no matter how many times you remind them or insist on removing it. 

Additionally, if you agreed to the Managed Account Agreement, or MAA, which essentially gives them free reign to do whatever they want with your money, they will lose all of your money and won’t have anything left over to ask for.

Thus, Gm Group is just another unregulated forex broker, leaving customers without protection. It is also quite likely that they will escape with your hard-earned money because there is no regulatory body to hold them accountable.

Is Licensed?

Nearly all businesses and people offering financial services or goods in the UK are required to register with or receive authorization from FCA. Despite lacking an FCA license, this company is primarily targeting UK citizens.

The likelihood that you’ll receive your money back in the event that something goes wrong is low because you won’t be protected by the Financial Services Compensation Scheme (FSCS) or have access to the Financial Ombudsman Service. The business is also included on the Financial Conduct Authority’s warning list of unlicensed firms operating in the UK.

Source FCA warning Opinions on Review Sites, Social Media, & Contact Information

The first line of defense against dodgy characters online is thorough research on the companies and organizations you intend to deposit the monies to. There may already be other service users who have submitted their reviews and opinions online on other forums.

Following some investigation into online trade forums and various social media platforms (Facebook, Twitter, Instagram), it was discovered that GMGroup was not well-liked by its users. Customers’ reviews indicate that GMGroup does not appear to be a dependable broker, so additional caution should be used before making investments utilizing their brokerage platform.

Comparing to Well-Established Companies

The complex trading platform offered by Binance is ideal for experienced traders, whilst the user-friendly one-click interface of GMGroup draws in new clients. Binance offers more than 600 coins and has lower transaction fees (0.1% at most).

It is ideal for day traders who utilize technical analysis due to the variety of charting options and technical indicators (TA). The fact that Binance supports both spot trade and margin trading is a significant distinction (opening a long or short position on leverage). The Binance Link Program enables corporate clients to grow their businesses using Binance technology and create income from trading fees by exploiting Binance’s liquidity and market depth.

A growing number of frauds and scams make great return on investment promises. Proceed cautiously and conduct your research to ensure the project or website is real before you make any deposits or transfers.


If you have suspicions of a scam or phishing attack, you can rely on experts to help you with protection, mitigation, and fund recovery

You will feel safe knowing that experts with years of experience will be guiding you!

How to Get Your Money Back if You Were Scammed by

Your money is never secure with an unlicensed broker, so you should request a withdrawal as soon as possible. And this is when it becomes complicated. There may be a technique or two to get your money back if you already deposited money with them and they refuse to return it, which is quite likely to happen.

First and foremost, you must save the emails as evidence that you have asked them for a refund of your money but that they have refused to do so or have delayed the process unnecessarily.

Chargeback should be the first action you take! And you need to take action right soon! Inform your bank or credit card company that you were duped into making a deposit for an unlicensed trading company, and that the company is refusing to return your money.

This is the most straightforward method of getting your money back, but it also causes them the greatest harm. Because if there are many chargebacks made, their relationship with the payment service providers would be destroyed.

We can help you prepare your chargeback case if you’ve never done it before, if you’re unsure of where to begin, or if you’re not sure how to present your case to your bank or credit card company. The Ez Chargeback staff is on hand to help you every single day. Already, we have assisted clients in recovering millions of dollars. If you want us to handle this for you, fill out our claims form to start the procedure.

EZChargeback only partners with the most trustworthy and capable scam recovery organizations.

Once you consult with us, we will be able to help you solve your problem and refer you to the top asset recovery firms that will get your money back!



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