GFM Forex Broker

Note:GFM's official website:http://gfmprime.com/en/ is currently inaccessible normally. AspectInformation Company NameGFM Registered Country/AreaHong Kong Founded Year1997 RegulationUnregulatedGFM Information Founded in 1997 and with offices in Hong Kong, GFM is run as an unregulated business. This lack of regulatory supervision suggests that the company does not meet the compliance and protection standards often imposed by financial authorities, thereby perhaps raising the risks to investors.Is GFM Legit or a Scam？ GFM poses more risks to investors since it runs without government control and is not subject to financial compliance and protection criteria.Downsides of GFM GFM functions free from any reasonable regulatory control, thereby increasing the risk for investors since there is no guarantee of following financial standards. The broker uses fictitious MT4 software, which raises doubts about the consistency and authenticity of their trading system. The broker has been assigned a high potential risk; so, traders should give great thought to this maybe risky choice. There are plenty of reports of dishonest actions.Conclusion Finally, trading with GFM is quite dangerous because of its lack of control, usage of false MT4 software, and allegations of dishonest activity. To guarantee the security and protection of their money, investors are strongly encouraged to select controlled brokers with open information and confirmed qualifications.