GBI Capital Group Review

Who is GBI Capital Group:

GBI Capital Group is a broker that claims to offer trading services in forex, commodities, indices, stocks, and cryptocurrencies. According to its website, it has offices in London, Zurich, and Hong Kong, and it provides access to over 200 trading instruments, as well as educational resources and customer support.

Regulation Of GBI Capital Group:

However, the Australian Securities and Investments Commission (ASIC) has issued a warning against GBI Capital Group, stating that it is not licensed or authorised to provide financial services in Australia. ASIC also advises investors to avoid dealing with unlicensed entities, as they may be involved in scams or fraudulent activities. ASIC further warns that GBI Capital Group may be using false or misleading information to attract customers, such as fake testimonials or awards.

Location Of GBI Capital Group:

The location of GBI Capital Group is also questionable, as it does not provide any verifiable address or contact details on its website. The website domain name was registered in October 2020, and the registrant’s name and address are hidden by a privacy service. The website also uses a generic design and content that are similar to other scam brokers.

Services Offered By GBI Capital Group:

GBI Capital Group claims to offer various trading services, such as low spreads, fast execution, high leverage, and multiple platforms. However, these claims are not backed by any evidence or guarantees. Moreover, the terms and conditions of the broker are vague and unfair, as they give the broker the right to change the prices, cancel the orders, or terminate the accounts of the customers at any time and without notice. The broker also charges high fees and commissions, such as withdrawal fees, maintenance fees, dormant fees, and swap fees.

Reviews Of GBI Capital Group:

The reviews of GBI Capital Group are mostly negative and suspicious. Many customers have complained that the broker is a scam and that they have lost their money or been unable to withdraw their funds. Some customers have also reported that the broker has harassed them with phone calls or emails, or pressured them to deposit more money or pay fees. The positive reviews of the broker are likely to be fake or paid, as they are inconsistent and exaggerated.

Customer Service Of GBI Capital Group:

The customer service of GBI Capital Group is poor and unprofessional. The broker does not provide any reliable or responsive support channels, such as phone numbers, email addresses, or live chat. The only way to contact the broker is through a web form on its website, which may not be answered or may lead to more spam. The broker also does not have any social media presence or online reputation.

Securing Your Investments Against Unscrupulous Brokers:

If you are looking for a trustworthy and regulated broker to trade with, you should do your research and due diligence before investing your money. You should check the license and registration status of the broker with the relevant authorities in your country or region, such as ASIC in Australia. You should also read the terms and conditions of the broker carefully and understand the risks and fees involved. You should also avoid brokers that offer unrealistic or too-good-to-be-true offers, such as high returns, bonuses, or guarantees. You should also use secure payment methods and keep records of your transactions and communications with the broker.

Conclusion:

GBI Capital Group is a broker that you should avoid at all costs, as it is not regulated or licensed by ASIC or any other reputable regulator. It is likely to be a scam or a fraudulent entity that will take your money and give you nothing in return. You should always trade with regulated and reputable brokers that have a proven track record and a good reputation in the industry.