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Global Broker Regulation & Inquiry App
Suspicious Clone
Score
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/10
The WikiFX Score of this broker is reduced because of too many complaints!
G-IMFCH
New Zealand|5-10 years| White label MT4|Regional Brokers|Suspicious Overrun|High potential risk|
https://gppmarkets.co.nz/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
2
Server Name
GPP-Demo MT4
Server Location 
China
ChinaContact
+64 9 281 2012
info@gppmarkets.com
https://gppmarkets.co.nz/
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Contact number
English
+64 9 281 2012
Chinese (Simplified)
4006898502
Broker Information
More
Company Name
Global Integrable Multilateral Financial Clearing House
Company Abbreviation
G-IMFCH
Platform registered country and region
New Zealand
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
4
Previous Detection :
2024-05-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 25 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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Exposure
28 pieces of exposure in total Pyramid scheme complaint
Expose Unable to Withdraw
Unable to withdraw
The withdrawal is unavailable for months. No one coped with it.
2020-02-07 14:25
Unable to Withdraw
Unable to withdraw in G-IMFCH
Have no access to http://www.g IMFCH.net. No one answered my phone calls and QQ messages.
2021-04-23 19:03
Unable to Withdraw
GPPscam platform!
GPP is raising funds to run, and money can only be deposited in. In Beijing I know that there are more than 100 clients can not withdraw their money
2019-01-11 00:26
Unable to Withdraw
GPP cheated investors of money
The agent of GPP did everything to induce investors’ fund.The customer service was just tools for scam.The key point:a fraud company,located at Room 609, CEB building, north Tianhe road, Guangzhou,.in which my withdrawal hasn’t arrived for one year ,is still cheating for others’ money.I have been to the company,in which workers have several Wechat numbers and even men dresses as women.Call the police if you are cooperating with this company.
2019-08-30 12:03
Unable to Withdraw
Unavailable withdrawal
How to withdraw the fund in G-IMFCH ? The customer service keeps holding off.
2019-12-26 10:18
Unable to Withdraw
GPP deceives investors and gives no access to withdrawal.Please be wisely.
GPP deceives investors and gives no access to withdrawal.Please be wisely and avoid being cheated.
2019-06-18 01:13
Unable to Withdraw
Gao Peng, afraid of police, allowed the withdrawal
Gao Peng is a cheater who refused my application of withdrawal. But it’s said that someone has already withdrawn his money, he reported the cheater to the police, since his relative works in a public security bureau.
2019-07-20 17:55
Unable to Withdraw
The scam platform GPPdoesn’t allow me to withdraw money
I applied for withdrawing money in September last year but the application has not been reviewed. The customer service personnel still said that there is no problem with depositing. Depositing has been no problem while withdrawing money has. They will cheated people as possible as they can. The agent also exchanges statements again and again. Now the agent platform says that the old client has to wait slowly, and the new clients can withdraw money. I understand that these platforms know that you don't want to continue to invest, so they will use various methods to make your money impossible to withdraw! ! ! fraud platform
2019-01-04 02:55
Unable to Withdraw
What to do? Report or complain?
Both the withdrawal and customer service are unavailable. Is there any solution?
2019-12-25 14:19
Unable to Withdraw
G-IMFCH is a scam. I can’t withdraw.
Their register page is missing and website inaccessible. I can’t withdraw ever since last year December. I’ve got $1419 in my account.
2019-04-30 00:43
Unable to Withdraw
GPPdoesn’t allow me to withdraw money
Money was applied to withdraw more than 4 months ago but has not arrived yet. I consulted the customer service personnel, they always delayed the problem. GPP’s salesman doesn’t reply me. Only the online customer service personnel would reply, but the problem also can’t be solved. The platform still doesn’t allow me to withdraw money.
2019-01-25 18:30
Unable to Withdraw
Cannot withdraw on G-IMFCH for 3 months. Customer service pushes the buck.
I can’t withdraw on G-IMFCH. It’s been 3 months since I applied for a withdrawal of $2637 on February 25th. Here is the chat history: 2019-05-27 Mr. Hao 21:07:36 Hello, I can’t withdraw for 3 months. How do you gonna explain this? 21:07:37 Hello, General Service 3 is on service. Mr. Hao 21:09:42 Explain this. General Service 3-Huarui International 21:09:52 Currently the withdrawal requests are restricted, so there would be a long time to wait. We will follow up your request and make haste. Mr. Hao 21:10:23 You people keep finding yourself excuses. Are you going to reject my request? General Service 3-Huarui International 21:11:59 Of course we will process your request. Currently, there would be a long time to wait. We will follow up your request and make haste. Mr. Hao 21:12:56 I’ve been driven mental by my loaners. General Service 3-Huarui International 21:14:35 We will follow up your request and make haste.
2019-05-28 05:29
Unable to Withdraw
Unable to withdraw
This broker still exists. And it has been three years since I can’t withdraw funds.
2021-05-26 11:22
Unable to Withdraw
The withdrawal is unavailable in fraud platform GPP
The salesman said the company haven't paid his salary for six months,while their boss is traveling around the world.I hope you don't be cheated.
2019-08-06 00:56
Unable to Withdraw
G-IMFCH cannot withdraw
G-IMFCH can’t withdraw money, and it’s useless to communicate with customer service all the time. It has been delayed in 2018 and has not been able to withdraw money until now. The platform said that it was due to national foreign exchange control and the funds were frozen. There was USD20,000 in my account that could not be withdrawn, not to mention the loss of principal, who can help withdraw?
2021-04-08 15:32
Resolved
It has been 2 months since I was unable to withdraw money from Global IMFCH
I applied for withdrew $100 on March 5 nearly two months ago, but the request isn’t approved. Though the money is small, I doubt the credibility of this platform. Every time they told me that they would follow up the application, promising me to credit the money. They gave the same excuse every time of channels for withdrawing money being restricted. I don't know what restrictions there are. It takes at most one day for other platforms to credit money. It is clear that Global IMFCH can’t afford to credit money. If the customers who have invested tens of thousands or even hundreds of thousands of dollars can’t withdraw money, that will be a big loss. I hope that the relevant departments can manage such behaviors in a timely manner. They seem liars and I hope that more people will not be fooled. When I traded on the platform at the beginning, I gave it a highly praise with fast channel for withdrawing money. But that didn’t last long. After 2019, I am unable to withdraw money. I hope that you will not be fooled again. I doubt whether the boss is not running money.
2019-04-29 17:55
G-IMFCH · Company Summary
| Feature | Information |
| Company Name | G-IMFCH |
| Registered Country/Area | New Zealand |
| Founded Year | 5-10 years |
| Regulation | FMA, FCA (Suspicious Clone) |
| Customer Support | Phone at +64 9 281 2012, 4006898502; email at info@gppmarkets.com and info@gimfch.com; QQ contact: 800068685. |
What is G-IMFCH？
G-IMFCH is a forex broker ranked 764th globally. It claims to be regulated by 2 financial authorities, but the regulatory status of both is displayed as “Suspicious Clone”. We also found 18 risks associated with G-IMFCH and received 36 complaints about it. With a high number of complaints, questionable regulation, and low ranking, G-IMFCH appears to be a risky choice for forex trading.
Additionally, you should notice that the official website of G-IMFCH, https://gppmarkets.co.nz/ is currently encountering functionality problems.
Regulatory Status
G-IMFCH's regulatory status is concerning. Both regulators listed, the Financial Markets Authority (New Zealand) and the Financial Conduct Authority (UK), have classified G-IMFCH as a “Suspicious Clone” with regards to their regulatory licenses. This means the legitimacy of the licenses claimed by G-IMFCH is in question.
Warning
G-IMFCH, with 13 associated brokers, faces the risk of brokers absconding, which could impact its operations. Assessing the past business history and risk profile of these brokers is crucial for making informed decisions. MetaQuotes data provides insights into broker relationships.
Additionally, a high number of complaints against G-IMFCH itself suggests potential problems. Consider these factors when choosing a broker.
Pros & Cons
| Pros | Cons |
| N/A | Suspicious Clone status |
| High number of complaints | |
| Risk of associated brokers absconding |
Pros:
N/A
Cons:
Suspicious Regulatory Status: Both financial authorities listed for G-IMFCH (New Zealand and UK) have classified it as a “Suspicious Clone” regarding their licenses. This raises serious concerns about the legitimacy of their claimed regulatory oversight.
High Number of Complaints: With 36 reported complaints, G-IMFCH has a concerning track record. These complaints could indicate issues with customer service, platform functionality, or potential unfair trading practices.
Risk of Associated Brokers Absconding: G-IMFCH is associated with 13 other brokers. “Absconding” refers to a broker suddenly shutting down and disappearing with client funds. Having a high number of associated brokers raises the possibility that some might have a history of such practices, which could indirectly impact G-IMFCH's own stability.
Customer Service
G-IMFCH offers phone support through two numbers: +64 9 281 2012 and 4006898502. Additionally, they provide customer support through two email addresses: info@gppmarkets.com and info@gimfch.com. They also have a QQ contact: 800068685.
Conclusion
G-IMFCH is a low-ranked forex broker with concerning regulatory status. Both New Zealand and UK authorities have classified it as a “Suspicious Clone” raising doubts about their licenses. Additionally, a high number of complaints and associated brokers suggest G-IMFCH is a risky choice. Despite offering phone, email, and QQ customer support, the downsides outweigh any potential benefits.
Frequently Asked Questions (FAQs)
Question: Is G-IMFCH a reliable forex broker？
Answer: There are significant concerns about G-IMFCH's reliability. Regulatory authorities in New Zealand and the UK have classified them as a “Suspicious Clone,” casting doubt on their licenses.
Question: Are there any advantages to using G-IMFCH？
Answer: Currently, there are no clear advantages to using G-IMFCH as a forex broker. The significant downsides outweigh any potential benefits.
Question: What are some alternatives to G-IMFCH？
Answer: Considering the concerns about G-IMFCH, it's highly recommended to explore other forex brokers. Look for brokers with a strong reputation, clear regulatory oversight, and a good track record.
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