Gmg Limited 

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Rated 1 out of 5 stars

Be careful – these are scammers!!!!

This website is a duplicate of GMG-limited.com, which was blocked due to fraud. This trading broker is unregulated and does not have a license. They are hiding behind the real company GMG Brokers LTD, which has nothing to do with these scammers. This trading platform is fake. It operates with a large team of scammers who have numerous profiles of attractive people on social media. Initially, they want to get to know you, and later they share how they earn money by investing in the trading market with the help of specialists. They then suggest that you try investing this way, and later introduce you to so-called specialists. These specialists are scammers who are highly skilled in finance and psychology. They constantly persuade people to invest larger and larger sums into their fake trading exchange. All payments are made through the website "bitget" - a crypto wallet, so that the banking system cannot track the money flow.

When a person has invested significant amounts, like €10,000 - €50,000 or more, these scammers create scenarios, such as buying an oversized contract that places the margin in a risk zone, causing all your funds to "burn" or be at risk of burning. Then a “specialist” from the “risk department” calls you and offers to “save the situation” through “bank liquidation.” However, for some reason, you can only pay this liquidation via Exmo codes – a payment system similar to a "gift card" that effectively gifts scammers more money.

These scammers have various schemes, the core of which is to make the person feel guilty for mistakes they didn’t actually make. Scammers adjust the data in their trading software to manipulate the appearance of your investments. When it’s necessary, they display a picture showing that you’re successfully investing with the help of "specialists." When needed, they create the appearance that you made highly costly mistakes, which need to be urgently corrected by paying large sums through Exmo codes. They may also demand you cover losses if a contract closed at a loss, as if it’s also their loss. And if you wish to transfer funds back to your bank account, a scammer will call you posing as an assistant from "Mizuho" bank, ask you several complicated questions, for which you likely won’t have the answer, and assign a “protective tariff” which, of course, is entirely fake.

These scammers present themselves as having many departments and mainly target Russian-speaking individuals. I have listed only the schemes I know of, but I believe there are many more. Under no circumstances should you invest in this fraudulent trading exchange, as you will 100% lose your money. I have lost money myself and know several people who have lost tens of thousands of euros. Be careful – these are scammers!

October 3, 2024
Unprompted review
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