CHINA FUTURES Regulation: Status of China Securities Futures
Verified facts on CHINA FUTURES regulation. Learn about the CSRC licensing and compliance of China Securities Futures Co., Ltd. for secure trading.
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Scam Alert: GTS Caught in Major Trading Fraud
Abstract：Have you been deceived by GTS officials? Has this forex broker prevented you from withdrawing funds? Unfortunately, you have been scammed! File a complaint with the authorities soon to recover your funds. Many have accused this forex broker of serious fraud allegations on several broker review platforms. Our WikiFX team found a massive number of trader complaints against this broker. In this article, we will share them with you.
Have you been deceived by GTS officials? Has this forex broker prevented you from withdrawing funds? Unfortunately, you have been scammed! File a complaint with the authorities soon to recover your funds. Many have accused this forex broker of serious fraud allegations on several broker review platforms. Our WikiFX team found a massive number of trader complaints against this broker. In this article, we will share them with you.
Complaints Keep Getting Filed Against GTS
Traders Label GTS as ‘Cheater’
This forex broker has executives who contact traders through WhatsApp chats and invite them to the trading website. The minimum deposit required to initiate trading is $1,000 USD. Then, traders need to upgrade to VIP1 so that they can withdraw. However, even if you upgrade to VIP1, you cannot withdraw. Here is one screenshot that exposes this scam.
Company Executives Force Traders to Deposit Despite Being Aware of the Problem
The company officials operate with a sole mindset of deceiving traders. So, even if they are aware that the GTS platform is erroneous, they will continue to force traders to deposit funds. One trader admitted to have deposited over $300,000 solely on the insistence of the company executive. The trader faced a loss and expressed disappointment. Here is the complaint screenshot.
Forget Withdrawals When Trading with GTS
This is a dark reality about GTS as many traders have openly said that their withdrawal claims have been pending for months. Denying access to withdrawals is a clear scam that affects traders. Here are multiple screenshots regarding this complaint.
The WikiFX Advisory
Given the serious fraud allegations against GTS, the WikiFX team feels bad for the problems traders underwent with the broker. The fact that GTS does not have a valid license from the competent financial authority, the problems witnessed by traders don‘t surprise us. Unregulated brokers commit financial frauds, and one should avoid trading with them. That’s why, the score for GTS is only 1.60 out of 10.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Verified data shows GIFX regulation is non-existent. Labeled a suspected fake clone with a 1.25 score. Use the WikiFX App to protect your funds today.
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