GMT Crypto broker base in the UK, it provides trading in CFDs but places a big focus on the trading of cryptocurrencies. The broker offers its clients five types of accounts, but has not provided any essential trading information, like the spreads, leverage, commissions, etc. It has not even disclosed with the traders that what trading platform it uses. The broker GMT Crypto claims to offer trading services in most of the financial instruments, including more than 200 crypto assets.
GMT Crypto is owned and operated by Partner Communication LTD. The broker made a claim that this is an English Investment Firm which is authorized by the Cyprus Securities and Exchange Commission (CySEC). However, on checking the website of CySEC, we found that there is no such broker licensed by it. Making false claims and presenting a fake identity is one of the characteristics of the scam broker. Another major red flag to GMT Crypto broker is the fact that it has been blacklisted by two European regulators. UK’s Financial Conduct Authority has put a warning GMT Crypto that it’s a clone firm of GMT Communications Partners LLP. The Belgium’s Financial Services and Markets Authority (FSMA) has also included GMT Crypto in its list of cryptocurrency trading platforms fraud.
If you have traded with GMT Crypto and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to scam traders. At Broker complaint registry it’s our job to provide you detailed GMT Crypto review and make sure you can fight back and get your money refunded. By filling the form you have taken the first step to recover your money.
Is GMT Crypto a scam or legit broker?
GMT Crypto has been suspected as a scam broker. We don’t recommend to trade with them and if you are trading with GMT Crypto contact them immediately and try to get your fund out. If the GMT Crypto has done the following, you have probably a victim of GMT Crypto scam broker.
Reason to suspect a scam broker is in action:
The broker froze your account
The broker blocked your account
You cannot login back into your account
Money has been taken out from the account
The broker doesn’t take your calls
The broker shut down his website
You noticed the broker took money out from your bank account with out your permission
The broker is offering you a bonus
The broker is offering you to fund more money into the account after you lost a large sum
Don’t give up. You can fight back and get your money refunded. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process.