United Kingdom|2-5 years| https://gteprime.com/
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MT4/5 Identification
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United States
Single Core
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40G
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GTSEnergyMarkets
GTSEnergyMarkets
United Kingdom
Pyramid scheme complaint
Expose
There is over $10,000 in my account
The salesman of the agency company asked me to open an account and said that there would be a senior to guide me. Later, step by step, they tricked me into large amount of money. The senior’s strategy does not make money at all. I wanted to give up, but he lied to me that he had inside information abroad. Later, he manipulated my account to buy and sell Bitcoin without my permission, which caused me to liquidate my position. It was only after the police called that I had entered a romance scam so I realized it. Their background can deposit and withdraw my principal at will. Their platform and application are independent. The agent deliberately prevented me from contacting the customer service, and secretly manipulated my account to make me liquidate. In fact, they have already taken away my real principal from the background.
In April, I began trading on this platform, and then I made a little profit, and then I withdrew at the end of the month, but it was delayed after the review was passed. I couldn't contact the person, and I didn't reply to the email. I waited for more than a month and didn't receive the account. I found that the account could not be registered directly, and the background also showed an invalid account. Black platform, black platform, black platform! No profit, no principal directly
The account cannot be logged in to the backstage and the account is invalidated. The password cannot be changed. The transaction cannot be made and the money cannot be withdrawn. The email is not responsed, and the platform cannot be contacted at all
Now, I can’t even log in to the backstage. The account can’t be logged in and there is no record of the backstage account. Emails are not being replied and there is no customer service.
I registered an account with the platform under the account number 16661341. On April 27 of this year at around 20:50 Beijing time, I placed a trade for the USD/JPY currency pair. Three or four minutes later, due to fluctuations in the market, I should have had a floating loss of $34.98,but the platform magnified my floating loss by100 times, resulting in a loss of $3,498 and causing my account to be liquidated. I have reported this serious and elementary error to the platform's customer service both on their official website and to a designated customer service agent with the username "Jiang Tao VIP," but they have been evasive and delaying solving the issue. Additionally, the platform makes it difficult to withdraw funds by deliberately creating obstacles and artificially controlling the process. I request that your office investigate this matter and help to resolve it. Thank you.
I open a trading account via the salesman of Wuhan Zhonghai. At that time, the salesman had various guarantees and promises about the safety of funds. I deposited 10,000 US dollars and traded for two weeks. After I made a profit, I tested to try to withdraw the funds. As a result, the platform did not withdraw the funds for various reasons, and the funds were returned, and notified that only the principal can be withdrawn. This shameless platform without any credibility, please stay away!
On March 2, the platform was suspended for 18 hours on a normal trading day, resulting in a loss of 20,000 US dollars. The platform promised to pay the compensation, but it has not been resolved. After checking the domain name registration in 2020, the main brand company has no contact, and no supervision. It is now under investigation.
After trading on the platform for less than a week, the account was disabled for no reason, the funds were not given, and the background information was deleted, which caused the background to log in.
At the beginning of April 2023, I was pulled into a WeChat group named "Golden Academy 97" by a stranger named "Dalu" on WeChat (I don't know how they got the customer information) and was transferred to "Golden Academy 97" shortly thereafter. Xuetang 98" (known as a firm operation group), the WeChat names of the main gang members in this group are: "Jiangtao VIP", "Flowers Bloom Rich", "0.2", "Mainland", "The Fattest Skinny Man" Wait, under the banner of having a teacher to guide the gold trading strategy (claimed to have a winning rate of 98%), they induced some of our traders to open an account and deposit on their platform, but when they opened the account, they found that their trading platform was searched in the MT4 official website. No, the registration and account opening can only be completed by downloading the link they sent, which has already revealed signs of abnormality. I traded for more than three weeks from the beginning of April to April 27 after I opened an account on their platform. During this period, I verified through practical operations that their so-called 98% winning strategy was pure nonsense. According to my trading ideas, I have made some profits one after another. I have tried to withdraw money three times but failed to cash out. It is estimated that it must be manipulated by someone. What is worse is around 8:50 p.m. Beijing time on April 27. , I placed a currency pair transaction of USD/JPY. After three or four minutes, the floating loss should be 30.98 US dollars due to market fluctuations. It became $3,098, which caused my account to be liquidated instantly. At the same time, I was immediately removed from the "Golden Academy 98" group by them, and then I immediately contacted their official website customer service and group customer service "Jiang Tao VIP", etc. They complained separately and explained the situation in detail. In the first few days, they replied vaguely and prevaricated. They said that they would say it after the May Day holiday. and nature. I would like to solemnly remind friends who are doing foreign exchange transactions to pay attention to and stay away from this group of scumbags and scammers! If you encounter them, expose their ugly faces at any time!
At 15:50, April 27, 2023, the system time of the GTSE platform, I shorted 0.53 lots of USD/JPY at a transaction price of 133.838. At 15:51, the market price was displayed as 133.904. The floating loss of the order should be -34.98; but the system maliciously increased the floating loss of the order by 100 times, miscalculating it as -3498; and caused the account to liquidate! After this problem occurred, I immediately reported it to the platform customer service and account manager; but it has not been resolved until today (August 26, 2023)! GTSE is unwilling to take responsibility for such a malicious system error!
www.gtseforex.net, I registered an account on this platform and made a deposit of 10,000 US dollars. After two weeks of trading, the profit and principal amounted to 28,200 US dollars. The platform noticed that the orders cannot be sold so they can only withdraw principle. They suspend our backstage and it has delayed for one and half month.
Note: GTSEnergyMarketss official site - https://www.gtseforex.com/en/index.html is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
| GTSEnergyMarkets Review Summary | |
| Founded | 2018 |
| Registered Country/Region | United Kingdom |
| Regulation | ASIC |
| Market Instruments | Foreign exchange, precious metals, stock index CFDs, energy and many other financial trading products |
| Demo Account | Unavailable |
| Leverage | 1:500 |
| EUR/ USD Spreads | N/A |
| Trading Platforms | MT5 |
| Minimum Deposit | N/A |
| Customer Support | Phone, email |
GTSEnergyMarkets, an online trading platform authorized by ASIC, offers a diverse range of trading instruments across various asset classes. With a maximum leverage ratio of 1:500, GTSEnergyMarkets aims to provide traders with ample flexibility in their investment strategies.
However, it is important to note that their official website is inaccessible, indicating a potential issue with the platforms availability and raising concerns about the ability to withdraw funds. These reports of difficulties with fund withdrawals, coupled with the limited information available, suggest increased risk and uncertainty when investing with GTSEnergyMarkets.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
| Pros | Cons |
| • Regulated by ASIC | • Website is unavailable |
| • A range of trading instruments | • Some reports of scam and withdrawal issues |
| • MT5 supported | • No demo accounts |
| • No social media presence |
There are many alternative brokers to GTSEnergyMarkets depending on the specific needs and preferences of the trader. Some popular options include:
eToro - A popular social trading platform that allows traders to follow and copy the trades of other successful traders.
Axi – A well-regulated and respected trading broker with a range of advanced trading tools, making it an excellent choice for professional traders seeking advanced trading capabilities.
Equiti - A trusted global broker specializing in online trading of forex, commodities, and indices, offering cutting-edge technology, superior execution, and comprehensive market analysis.
GTSEnergy Markets is authorized by the Australian Securities and Investments Commission (ASIC), with the AR Authorised Representative Licence 001284404.
However, the official website of GTSEnergyMarkets is inaccessible, indicating that the trading platform may have absconded. This makes investing with them risky.
If you are considering investing with GTSEnergyMarkets, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision.
GTSEnergyMarkets offers a variety of trading instruments across different asset classes, including foreign exchange, precious metals, stock index CFDs, energy and many other financial trading products.
Foreign Exchange (Forex): Trading major currency pairs, such as EUR/USD, GBP/USD, or USD/JPY, as well as minor and exotic currency pairs.
Precious Metals: Trading in popular metals like gold, silver, platinum, and palladium.
Stock Index CFDs: Contracts for Difference on major stock indices, allowing traders to speculate on the price movements of indices like the S&P 500, FTSE 100, or Nikkei 225.
Energy Products: Trading in energy commodities like crude oil, natural gas, or heating oil.
Commodities: Potential trading opportunities in agricultural products like soybeans, corn, or wheat, among others.
Individual Stocks: Trading CFDs or other financial derivatives based on the share prices of individual companies listed on stock exchanges.
Bonds: The ability to trade bonds, which are fixed-income securities issued by governments or corporations.
GTSEnergyMarkets offers a maximum leverage ratio of 1:500 to its traders. Leverage allows traders to control a larger position in the market with a smaller amount of capital. With a 1:500 leverage ratio, traders can open positions that are 500 times larger than their initial investment.
High leverage has the potential to amplify profits, as even small price movements can result in substantial gains. However, it is crucial to note that leverage also comes with inherent risks. Even a small adverse price movement can result in significant losses, potentially exceeding the initial investment. It is essential for traders to fully understand the risks associated with leverage and use it judiciously.
GTSEnergyMarkets allows clients to place mini-trades of 0.01 lots, i.e. a minimum order of 10,000 units at a time. The company also offers a T+0 trading facility, which means that clients can trade multiple times during the trading day at any time to earn spread gains by taking advantage of exchange rate market fluctuations.
GTSEnergyMarkets provides the popular trading platform MetaTrader 5 (MT5) for its clients. MT5 is a comprehensive and user-friendly platform that offers advanced features and tools for effective trading.
The MT5 platform allows traders to access a wide range of financial markets, including forex, commodities, stocks, and indices. It provides real-time market quotes, interactive charts, and numerous technical indicators to assist traders in analyzing price movements and making informed trading decisions.
MT5 is available for desktop applications (Windows and Mac), web-based trading, and mobile devices (iOS and Android), ensuring that traders have access to the platform anytime and anywhere.
See the trading platform comparison table below:
| Broker | Trading Platform |
| GTSEnergyMarkets | MT5 |
| eToro | Proprietary |
| Axi | MT4 |
| Equiti | MT4, MT5 |
The Forex trading market is actually a continuous 24-hour trading market. Clients can use the customer portal and website at any time, but the trading hours depend on the specific market. For Chinese clients, 20:00-24:00 BST is the most active time for forex trading.
| Payment Method | Deposit Time | Withdrawal Time | Fee |
| Bank Wire | 2-5 business days | 2-5 business days | $25+ |
| Credit Card | Instant | 24 hours | Free |
| PayPal | 1 hour | 24 hours | 2% |
| Skrill | 1 hour | 24 hours | 2% |
| Neteller | 1 hour | 24 hours | 2% |
| Cryptocurrency | 24 hours | 24 hours | Fee depends on crypto |
On our website, you can see that reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +15645445905
Email: support@mail.gtseforex.com
In conclusion, GTSEnergyMarkets is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, GTSEnergyMarkets's trading platform, MT5, caters to the needs of both beginner and advanced traders. Besides, it is regulated by ASIC.
However, it is worth noting that there have been reports of GTSEnergyMarkets‘ official website being inaccessible, which raises concerns about the platform’s reliability and the ability to withdraw funds.
| Q 1: | Is GTSEnergyMarkets regulated？ |
| A 1: | Yes. It is regulated by ASIC. |
| Q 2: | How can I contact the customer support team at GTSEnergyMarkets？ |
| A 2: | You can contact via phone, +15645445905 and email, support@visionforexglobal.com. |
| Q 3: | Does GTSEnergyMarkets offer demo accounts？ |
| A 3: | No. |
| Q 4: | Does GTSEnergyMarkets offer the industry leading MT4 & MT5？ |
| A 4: | Yes. It supports MT5. |
| Q 5: | Is GTSEnergyMarkets a good broker for beginners？ |
| A 5: | No. It is not a good choice for beginners. Though it is regulated, its website is inaccessible, which make trade not transparent and safe enough. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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2023-12-13 01:36
