GPAK

Note: GPAK's official website: https://www.gpakfxcn.com/ is currently inaccessible normally.

GPAK Information

Founded in 2021, GPAK is a Britain forex broker whose services are operated via MT4. Traders can contact them via phone: 4009687958 and email: service@gpakfx.com or customer@sbtltd.cn. Nevertheless, their licenses of FCA and NFA are doubted as suspicious clones.

Is GPAK Legit？

- UK Financial Conduct Authority (FCA): GPAK claims to hold FCA with license type of Market Making and license number 606110. However, there are concerns that this license might be cloned.

	Financial Conduct Authority (FCA）
Current Status	Suspicious Clone
Regulated by	United Kingdom
License Type	Market Making (MM)
License No.	606110
Licensed Institution	CPT Markets UK Limited

- US National Futures Association (NFA): GPAK also claims to be regulated by the NFA with license type of market making and license number 0506675. However, this license is suspected to be counterfeit or cloned as well.

	National Futures Association (NFA)
Current Status	Suspicious Clone
Regulated by	United States
License Type	Common Financial Service License
License No.	0506675
Licensed Institution	VASLON INTERNATIONAL GROUP LTD

Downsides of GPAK

- Website Availability Issues: GPAKs website is currently unavailable, which raises concerns about its reliability and operational status.

- Regulatory Concerns: There are doubts regarding the legitimacy of the FCA and NFA might be cloned.

- Negative Reviews: Numerous negative reviews highlight serious issues such as inability to withdraw funds and scams associated with GPAK.

Negative GPAK Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there were 44 pieces of GPAK exposure in total. I will introduce 2 of them.

Exposure 1. Cannot withdraw

The user said frustration is mounting as GPAK users, including himself, struggle with an ongoing withdrawal crisis. Withdrawals have been blocked for an astonishing 7 months. Worse still, the agents have shown no accountability, leaving users with their hard-earned money stuck in limbo. You may visit: https://www.wikifx.com/en/comments/detail/Co202312199641644221.html.

Exposure 2. Scam

The user said GPAK has defrauded clients of their funds, and now its website is down. You may visit: https://www.wikifx.com/en/comments/detail/201912255032739920.html.

Conclusion

In a word, trading with GPAK poses significant risks. Traders are advised to choose brokers that are well-regulated and have good reputaion in the industry.