GMQ Group Forex Broker

Note: GMQ Group official site - http://www.gmqfin.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. GMQ Group Review Summary in 5 Points Founded 5-10 years Registered Country/Region Philippines Regulation Unregulated Customer Support Email What is GMQ Group？ GMQ Group, with full name Golden Millenial QUICKPAY, claims to be an online trading provider based in Philippines. However, due to the current unavailability of its website, it's difficult to verify its compliance with regulations and its general trustworthiness. Furthermore, the fact that it's unregulated raises further concerns about its legitimacy. In this article, we strive to give a comprehensive review of GMQ Group by looking at different aspects of the platform. If you are considering this service, we recommend reading further for in-depth information. The article concludes with a summary highlighting the platform's main features for quick reference. Pros & Cons Pros Cons • None • Unregulated • Website inaccessible • Lack of transparency • Negative feedbacks from their customers Currently GMQ Group does not seem to have any discernable advantages to present to customer, which is a red flag cannot be ignored. However, the broker has significant downsides. Its unregulated status raises concerns about its legal compliance and reputability. The inaccessibility of its website is another obstacle, which limits potential clients' ability to evaluate services or contact support. A lack of transparency adds to these issues, creating uncertainty around the broker's operation and trading conditions. Lastly, negative feedback from customers indicates potential challenges with customer satisfaction. As always, traders are advised to fully consider these pros and cons when selecting a broker. Is GMQ Group Safe or Scam？ When considering the safety of a brokerage like GMQ Group or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage: Regulatory sight: Currently, this broker is under no valid regulation, which is a cause for concern about its legitimacy and reliability. This situation is further exacerbated by the non-functional state of the broker's website. It's imperative to conduct thorough research and due diligence for any financial organization, especially when glaring red flags such as these are present. User feedback: 13 reports regarding scams and unable to withdraw on WikiFX significantly impose doubts of the brokers liquidity and necessitates caution for those considering its services, underscoring the importance of utilizing reliable, user-friendly platforms. Security measures: Currently, there is no publicly available information regarding the security measures implemented by this broker. Ultimately, the decision whether to engage in trading with GMQ Group or not is a personal one, necessitating a careful evaluation of the pros and cons before arriving at a conclusion. User Exposure on WikiFX You can note on WikiFX that there're 13 reports about scams and withdrawal issue, which should be acknowledged as a warning sign. We urge traders to meticulously examine all available information. You can refer to our platform prior to trading for pertinent details. If you come across any rogue brokers or if you've fallen prey to such practices, kindly report it in our “Exposure” section. It would greatly aid our cause and our expert panel would take necessary steps to address the problem as soon as possible. Customer Service At GMQ Group, support service is exclusively via email, keeping aside instant-response channels like phone or live chat. It is notable for customers to be aware of this limited support structure and understand that immediate assistance might not be readily available. This implies that in case of any urgent requirements or immediate concerns, it might take some time for the resolution. Email: support@gmqfin.com. Conclusion While GMQ Group identifies itself as an online trading platform based in Philippines, a host of red flags, including its unregulated status, cast doubts regarding its legitimacy. The lack of regulation creates a perilous environment for traders, with the potential for contravening standard financial practices. Additionally, issues with its website's accessibility and negative customer reviews on WikiFX point towards an imbalance in its professional handling and responsibility, adversely impacting the user experience. It is advised that any prospective trader should tread cautiously when dealing with GMQ Group. Understanding the significance of transparency and regulatory compliance is imperative and it is suggested to choose platforms that adhere to these regulatory standards. Frequently Asked Questions (FAQs) Q 1: Is GMQ Group regulated？ A 1: No. It has been verified that this broker currently under no valid regulations Q 2: Does GMQ Group offer the industry leading MT4 & MT5？ A 2: No. Q 3: Is GMQ Group a good broker for beginners？ A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its unavailable website and negative customer feedbacks. Risk Warning 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.