Beware GMFX24 is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: Goldman 24 Limited
- Registration/license: St. Vincent and the Grenadines
- Registration/license requirement: USD 2,000
GMFX24 is a Forex and CFDs broker, owned and operated by Goldman 24 Limited, a company registered in St. Vincent and the Grenadines. According to the website the head office is located in St. Vincent and the Grenadines. They don’t provide the contact phone numbers, although mention main hotlines time availability. Also, the terms and conditions state that the company is under the Cyprus jurisdiction, which supposed to mean GMF24 is regulated by Cyprus regulator CySEC. We have checked the register on the regulator’s website and there are no records about broker’s license. It seems that GMFX24 is just one more offshore-based unregulated forex broker that tries to get investors’ trust with the fake information about its regulation.
We advise avoiding GMFX24 as it has no regulation and no legal right to provide financial services. Instead, we recommend checking the list of the CySec-regulated brokers, as this regulator is well-known and trustworthy. All the brokers licensed with CySec are provided by the Investor Compensation Fund, which may cover a maximum of 20,000 EUR in case the broker goes bankrupt.
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