GramMarkets Co., Ltd (GMEX) possible scam

By yoyico9597, from Germany, October 25, 2020 at 06:18 PM

Hello, Could you please check on GramMarkets Co., Ltd (GMEX)? It is very hard to find any review on them. They claim to be regulated by FSA. Their regulatory number is 2020-25832-BC. Thank you!

Answer: Hi yoyico9597,

The broker GramMarkets Co., Ltd (GMEX) is registered by the Financial Services Authority of St Vincent and the Grenadines. St Vincent & Grenadines doesn’t have the regulation of Forex activity under its jurisdiction. You can read our detailed article on why brokers from St Vincent & Grenadines should be avoided.

We would not recommend to invest with this brokers and choose from those regulated by reputable authorities.

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