GBI Capital Group Review

GBI Capital Group

Investors Alert GBI Capital Group – This entity is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee

Introduction to GBI Capital Group:

GBI Capital Group is a company that claims to offer online trading services in various financial markets, such as forex, commodities, indices, stocks and cryptocurrencies. The company claims to have offices in London, New York and Hong Kong, and to provide access to a user-friendly trading platform, educational resources, market analysis and customer support.

Products and Services offered by GBI Capital Group:

According to its website, GBI Capital Group offers four types of trading accounts: Basic, Silver, Gold and Platinum. Each account has different features, such as minimum deposit, leverage, spreads, commissions, bonuses and access to VIP services. The company also claims to offer a demo account and a referral program. The website lists various trading instruments that the company claims to provide, such as currency pairs, metals, energies, agricultural products, indices, stocks and cryptocurrencies.

Financial institution & regulatory license of GBI Capital Group:

GBI Capital Group claims to be operated by GBI Capital Group Ltd., a company registered in St. Vincent and the Grenadines. However, the company does not provide any proof of its registration or license on its website. Moreover, the Australian Securities and Investments Commission (ASIC) has issued a warning against GBI Capital Group This entity is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee. ASIC advises investors to avoid dealing with unlicensed or unregistered entities that may be involved in fraudulent or illegal activities.

Trader’s Reviews and Customer Service of GBI Capital Group:

The online reviews of GBI Capital Group are mostly negative, with many traders complaining about the company’s poor customer service, withdrawal issues, hidden fees, false promises and aggressive marketing tactics. Some traders also report that they have been scammed by GBI Capital Group and have lost their money. The company’s customer service is reportedly unresponsive, rude or unavailable. The company does not provide any contact details on its website, except for an email address and a web form.

How do online trading scams operate:

Online trading scams are schemes that lure investors into depositing money with unlicensed or unregistered entities that claim to offer online trading services in various financial markets. These entities often use fake or misleading information, such as attractive returns, bonuses, testimonials or awards, to entice investors. They may also use high-pressure sales tactics, such as cold calls or emails, to persuade investors to invest more money or to prevent them from withdrawing their funds. Once the investors deposit their money, the scammers may manipulate the trading platform, refuse to process withdrawals, charge hidden fees or simply disappear with the money.

How to Safeguard Against Fraudulent Brokers:

To safeguard against fraudulent brokers, investors should do their due diligence before investing their money with any online trading entity. They should check the entity’s registration and license status with the relevant authorities in their jurisdiction. They should also verify the entity’s contact details, physical address and reputation online. They should read the terms and conditions carefully and understand the risks involved in online trading. They should avoid dealing with entities that offer unrealistic returns, bonuses or guarantees. They should also be wary of unsolicited calls or emails from unknown sources.

Conclusion:

GBI Capital Group is a company that claims to offer online trading services in various financial markets, but has been warned by ASIC for not complying with the registration and reporting requirements. The company does not provide any proof of its registration or license on its website. The online reviews of GBI Capital Group are mostly negative, with many traders complaining about the company’s poor customer service, withdrawal issues, hidden fees and false promises. Online trading scams are schemes that lure investors into depositing money with unlicensed or unregistered entities that may be involved in fraudulent or illegal activities. To safeguard against fraudulent brokers, investors should do their due diligence before investing their money with any online trading entity.

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