Search

For more information about GOMKS Forex Broker company profile, come to WikiBit!

Rating Index

WikiFX Detection

Business

Influence E

License

No license

GOMKS Company

  

GOMKS Company Overview

  

Founding Date and Background

  GOMKS is a relatively new player in the online trading industry, having been established in 2023. The company aims to provide trading services across various financial instruments, including forex, CFDs, and cryptocurrencies. However, it has faced scrutiny and negative reviews due to its unregulated status and allegations of fraudulent practices.

  

Parent Company/Ownership Structure

  GOMKS operates as an independent entity without any publicly disclosed parent company. This lack of transparency raises concerns regarding its ownership structure and accountability.

  

Headquarters Location

  The company claims to be headquartered in Italy. However, the absence of verifiable information about its physical location adds to the skepticism surrounding its legitimacy.

  

Global Business Scope

  GOMKS operates primarily in the online trading sector, targeting a global audience. However, due to its unregulated status, the company primarily attracts traders from regions where regulatory oversight is less stringent.

  

Main Regulatory Bodies

  GOMKS is not regulated by any major financial authority, which significantly impacts its credibility. Regulatory bodies such as the Comisión Nacional del Mercado de Valores (CNMV) in Spain have added GOMKS to their warning lists, indicating potential risks associated with trading with this broker.

  Back to Top

  

Company History and Development

  

Key Milestones

  Since its inception in 2023, GOMKS has faced numerous challenges, including being blacklisted by various regulatory authorities. The company has not reported any significant milestones that would enhance its reputation in the trading community.

  

Business Expansion Journey

  GOMKS has attempted to expand its services globally but has struggled to gain traction due to its unregulated status. The lack of a solid regulatory framework has hindered its ability to attract a diverse client base.

  

Customer Base Growth

  While GOMKS has aimed to grow its customer base, negative reviews and warnings from financial authorities have likely stunted its growth. Many potential customers are deterred by the risks associated with trading with an unregulated broker.

  

Platform Development History

  GOMKS has not disclosed any information regarding the development of its trading platform. The absence of a robust trading infrastructure raises concerns about the reliability of its services.

  

Important Awards or Recognitions Received

  As of now, GOMKS has not received any notable awards or recognitions within the trading industry, further emphasizing its lack of credibility.

  Back to Top

  

Trading Services Offered

  

Forex Trading Options

  GOMKS claims to offer a range of forex trading options, including various currency pairs. However, the specific number of currency pairs available is not clearly stated, raising questions about the depth of its forex offerings.

  

Stock Trading Options

  The company does not prominently feature stock trading options on its platform, focusing primarily on forex and CFDs.

  

CFD Trading Products

  GOMKS offers a selection of CFD trading products. However, the lack of regulatory oversight raises concerns about the legitimacy and safety of these offerings.

  

Other Financial Instruments

  In addition to forex and CFDs, GOMKS claims to provide trading services for cryptocurrencies and commodities. However, the specific products available are not well-documented, making it difficult for traders to assess their options.

  

Special Services or Unique Advantages

  GOMKS markets itself as offering unique trading opportunities, but the absence of regulatory backing and a solid reputation diminishes the perceived value of these services.

  Back to Top

  

Regulatory and Legal Background

  

Detailed Regulatory Information

  GOMKS is not regulated by any major financial authority, including ASIC, FCA, or CNMV. This lack of regulation poses significant risks for traders, as there is no oversight to protect their investments.

  

  GOMKS operates as a single legal entity without any regional subsidiaries or branches. The absence of a transparent legal structure raises concerns about accountability and client recourse.

  

Client Fund Protection Measures

  Due to its unregulated status, GOMKS does not provide any verifiable client fund protection measures. This lack of safeguards increases the risk of losing investments.

  

Countries/Regions Served

  GOMKS primarily targets regions with less stringent regulatory frameworks. However, the specific countries it serves are not clearly defined, making it challenging for potential clients to understand its market reach.

  

Compliance History

  GOMKS has a troubling compliance history, having been added to warning lists by regulatory bodies. This history indicates a pattern of non-compliance and raises significant red flags for potential investors.

  Back to Top

  

Competitive Landscape

  

3-5 Main Competitors

  GOMKS faces competition from several established brokers, including:

  • GO Markets - A regulated broker known for a wide range of trading instruments and platforms.
  • IC Markets - Offers competitive spreads and a robust trading environment.
  • Pepperstone - Known for its excellent customer service and low latency trading.
  •   

    Positioning in the Industry

      GOMKS is positioned as a low-cost trading option, but its unregulated status significantly undermines its credibility compared to its competitors, who are regulated and offer client protections.

      

    Market Differentiation Factors

      GOMKS attempts to differentiate itself through its marketing claims of high returns and unique trading opportunities. However, these claims are often met with skepticism due to the lack of regulation and transparency.

      Back to Top

      In conclusion, GOMKS presents itself as an online trading broker with various offerings, but its unregulated status, lack of transparency, and negative reviews raise significant concerns for potential traders. It is crucial for individuals to conduct thorough research and exercise caution before engaging with any trading platform, especially one with a questionable reputation like GOMKS. For a safer trading experience, consider exploring regulated brokers with established reputations.

      Learn more about safe trading practices and explore regulated brokers.