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The WikiFX Score of this broker is reduced because of too many complaints!
GRMFX
United States|5-10 years| Suspicious Regulatory License|High potential risk|
https://www.grmfx.com/
Website
Rating Index
Contact
enquiry@grmfx.com
https://www.grmfx.com/
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
No valid regulatory information, please be aware of the risk!
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Contact number
Other ways of contact
Broker Information
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Company Name
Great Motivation International Company Limited
Abbreviation
GRMFX
Platform registered country and region
United States
Company website
Pyramid scheme complaint
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This platform is a Ponzi Scheme. Please stay away!
5
Previous Detection :
2024-11-15
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
- 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 37 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
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