Warning Investors 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 brokerage firm that claims to offer trading services in various financial markets, such as forex, stocks, commodities, indices, and cryptocurrencies. According to its website, it has offices in London, New York, Hong Kong, and Dubai, and provides access to over 200 trading instruments, advanced trading platforms, competitive spreads, and professional customer support.
Regulation and Compliance Of GBI Capital Group:
However, there is no evidence that GBI Capital Group is regulated or authorized by any reputable financial authority, such as the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, or the Securities and Exchange Commission (SEC) in the US. In fact, ASIC has recently issued a warning against GBI Capital Group, stating that 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 also advises investors to check its list of unlicensed companies before dealing with any broker.
Customer Support Offered By GBI Capital Group:
GBI Capital Group claims to offer 24/7 customer support via phone, email, and live chat. However, many online reviews suggest that the firm is unresponsive and unreliable when it comes to resolving issues or processing withdrawal requests. Some customers have reported that they have been pressured to deposit more money or to pay fees before they can withdraw their funds. Others have complained that they have been unable to contact the firm at all after making a deposit.
Customer Reviews Of GBI Capital Group:
The majority of customer reviews of GBI Capital Group are negative and warn others to stay away from this broker. Many customers have accused the firm of being a scam and of stealing their money. Some have also claimed that they have been misled by false or misleading information on the website or by the sales representatives. A few positive reviews can be found online, but they seem to be fake or paid for by the firm itself.
Measures to Avoid Fraud Brokerages:
To avoid falling victim to fraud brokerages like GBI Capital Group, investors should always do their due diligence before choosing a broker. They should verify the broker’s regulatory status, reputation, trading conditions, and customer service. They should also read the terms and conditions carefully and understand the risks involved in trading. Moreover, they should never invest more than they can afford to lose and avoid any offers that sound too good to be true.
Conclusion:
GBI Capital Group is a brokerage firm that claims to offer trading services in various financial markets, but it is not regulated or authorized by any reputable financial authority. ASIC has warned against dealing with this firm and has advised investors to check its list of unlicensed companies. Many customer reviews have also confirmed that GBI Capital Group is a scam and has cheated many people out of their money. Therefore, investors should steer clear of this broker and look for other trustworthy and regulated options.
