GFCInvestment Review
Reason to avoid: Offshore license
Listed Date: October 23, 2018
Top 3 Forex Brokers
Beware GFCInvestment is a Non-Regulated broker. It is NOT SAFE to trade.
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About GFCInvestment
| 🗺️ Registered in | St. Vincent and the Grenadines |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is GFCInvestment safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Is GFCInvestment a scam or legit broker?
No, it is not safe to trade with GFCInvestment. GFCInvestment is owned by DARTALON LTD., which is an offshore company registered in St. Vincent and the Grenadine.
St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Brokerz, TraderUR and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.
According to the GFCInvestment website, the broker is registered with the Financial Commission under the number 24437 IBC. Even though the FinaCom is a well-respected organization, it is a self-regulatory organization which cannot guarantee the safety of the trading environment and does not regulate the daily operations of the company, therefore can’t provide necessary protection to the client.
GFCInvestment is a Forex and CFD broker offering a variety of currencies and CFDs on the commodities, indices, and stocks as well as the cryptocurrency. GFCInvestment seems to be one of those offshore registered companies that offer their services without being licensed or regulated.
The broker provides St. Vincent and the Grenadines as its operational address, but the contact phone number on the website has British country code. The firm is not regulated on the UK. Moreover, UK’s regulator Financial Conduct Authority has issued a warning against this broker in October 2018:
“This firm (Dartalon Ltd t/a Greenfields Capital and GFCInvestment) is not authorized by us and is targeting people in the UK. Based upon the information we hold, we believe it is carrying on regulated activities which require authorization.”
Also, the broker was banned in Australian by Australian Securities and Investments Commission in May, 2019:
“The business listed below has made unsolicited calls or sent emails about investing, financial advice, credit or loans and does not hold a current Australian Financial Services (AFS) licence or an Australian Credit licence from ASIC.”
Check Out the ASIC Regulated Blueberry Markets Review
Conclusion
We advise all investors and traders to avoid GFCInvestment and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.
GFCInvestment website is no longer active.
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Dear Ladies and Gentleman,
the fraud case of the British investment company “GFC Investment /
GreenFields Capital”, 78 York Street, London, W1 H 1 DP and 47 Churchfield
Road, London W3 6AY, and its account manager Stephan Kleinmann. This
company cheated on me while trading securities.
Damage amount 57,166.50 euros.
Further addresses of the company GFC Investment / Greenfields Capital:
1.) KINTEKA OU (GFC Investment / Greenfield Capital) 5th floor,
office number 71, 9th Joe Street, 1015 Tallin, Harju County, Estonia
Estland
2.) DARTALON LTD (GFC Investment / Grenfiedls Capital), Suite 305,
Grffith Corporate Center, 1510 Beachmont, Kingstown, St. Vincent
and Grenadines, South Pacific,
3.) LIPTON Markets LTD and Premium Peak LTD (GFC Investment /
Greenfields Capital), Ajeltake Road, Ajeltake Island, 96960 Majuro,
Marshall Islands, Seychelles.
My name is Heinrich Anton Lüker, born on April 23, 1945, Südstr. 12,
49757 Werlte, Germany. I am 75 years old and a pensioner.
The facts:
On October 3rd, 2018 I opened an account by GFC Investment / GreenFields
Capital in London. (This company conducts securities trading in foreign
currency combinations.) First, I had two conversations with a Barbara
Washington. After that I only spoke to Mr. Stephan Kleinmann. Everything
was just over the phone, no written contracts were made. I paid the first
250 euros. Then Mr. Kleinmann called and persuaded me to make further
deposits. Sometimes he called me three times a day. Everything was positive
at first, so in October 2018 I gradually paid 32,512.75 euros. With the tradable
bonuses and other winnings, I had an account balance of 106,000 euros on
October 30th, 2018. On October 30th, 2018, there was a foreign exchange
trade (combination of British pound and US dollar), in which I suffered a
loss of EUR 104,578.04 in a single transaction. My account manager told me
this wouldn’t be a problem, the difference would be settled in three weeks,
which unfortunately wasn’t the case. Mr. Kleinmann therefore asked me to
make further payments in order to compensate for the loss more quickly.
In November 2018 I made further deposits of EUR 27,060.65 and my account
had a balance of EUR 67,125.28 at the end of the month. I thought things
were going uphill again. On November 30th, 2018, they managed to reduce
my account with 3 trades, loss of 66,608.26 euros, to 517.02 euros. In the
meantime everything is gone. Account balance 0.00. (The phone number
of Stephan Kleinmann is: 0044203966202) and (The phone number of GFC
Investment / GreenFields Capital in London is: 004420136080844.
My account number for GFC Investment / GreenFields Capital was:
180930606779. I paid the company EUR 22,632.63 by credit card and
EUR 34,533.87 by bank transfer to the Deutsche Handelsbank AG,
Eisenheimer Str. 41, 80687 Munich, Germany
IBAN: DE647001111 00009796010, BIC: DEKTDE7GXXX
(a total of EUR 57,166.50)
I have a new phone number from GFC Investment / Greenfields Capital:
+493222299990128 and a new email address:
compliance@greenfieldscapital.com
I know that the accounts by GFC are fictitious (nonexistent)
and controlled by a computer program. These fictitious accounts
are emptied by the computer program on the weekend, with the
exception of a small balance, and I know for sure that investment
account no. 180930606779 was a fictitious account (in fact, it never
existed). The balance of 106,000 euros on October 30, 2018 never
existed in reality.
I hope that you can make use of my information, even though two
years have passed. As far as I know, the statute of limitations for
such crimes is three years. If you can work on my case, please
send me an email. My email address is: heinz.lueker@t-online.de
then I will send you the documents: account statements from GFC,
credit card statements and account statements from my account at
Volksbank Werlte via PDF files.
Last payment: Überweisungsauftrag 26.11. 2018
Skrill Limited 2555226173 SkrillLimited GIROPAY
0014390014SJOVFUP163 TAN:710786
IBAN: DE64700111100009796010
BIC: DEKTDE7GXXX 5.000,– Euro
Friendly greetings
Heinrich Anton Lüker