GIM Broker Review

Item: GIM
Rating: 1.58

GIM Review 2

Latest All(2) Neutral(1) Exposure(1)

Neutral

GIM, a scam company, repeatedly hindered me in various ways after I submitted my withdrawal application. After I finally completed their various requirements, the speed was also very slow!

发48384

2023-03-03

Exposure

GIM scammed me.

2018-8-28, GIM platform staff "Zeng Haizhou" lured me to deposit money, and after two days let me increase the amount of money. During the first ten days, I have been trading during the day, and once I have a profit, I will close the position. Later, they forced me to trade in the middle of the night, and when my profit reached more than two thousand dollars, they did not allow me to close the position. In the end, I lost more than $1,800, and $8,000 was stuck, but they even let me continue to deposit money. They deliberately manipulated my order many times, deliberately letting my position liquidated. I have communicated with the platform customer service, they made a malicious investment and did not set a stop loss order. I hope that the WikiFX platform will handle this matter in a timely manner. GIM's fraud is already a crime. The agent of GIM registers my account with my personal information and takes over my account. Later, he used the agent platform to deceive me to deposit money, and then let my position burst. This way he can earn my principal directly. All the above mentioned processes have been feedback to GIM's customer service. The customer service has always told me that the relevant departments will handle it, but I have not received any relevant calls. I have an alarm now. I called the customer service, the customer service promised many times that I will reply to me on the working day, and it dragged on for another week. Later, another agent of GIM told me that their Shanghai office had recently moved. As for where they moved, he did not know. Scammers!

FX5379985747

2018-11-07

GIM 2025 Review: Everything You Need to Know

　　The GIM broker has garnered significant attention in the forex trading community, primarily for its controversial reputation. While some users have reported satisfactory experiences, a substantial number of reviews indicate serious concerns regarding its legitimacy and operational practices. This review aims to provide a comprehensive analysis of GIM, focusing on user experiences, expert opinions, and critical features of the broker.

　　Note: It is crucial to highlight that GIM operates under various regional entities, which may lead to inconsistencies in user experiences and regulatory oversight. This review synthesizes information from multiple sources to ensure fairness and accuracy.

Rating Overview

Category	Rating (out of 10)
Account Conditions	3
Tools and Resources	4
Customer Service and Support	2
Trading Setup (Experience)	3
Trustworthiness	1
User Experience	2
Regulatory Compliance	1

　　We rate brokers based on user feedback, expert analysis, and available data to provide a balanced view.

Broker Overview

　　GIM, officially known as Gushen Investment Management Co., Limited, claims to have been operational for 5 to 10 years, primarily registered in New Zealand. However, this claim has been met with skepticism, as multiple sources indicate that GIM lacks proper regulatory oversight, operating instead under dubious licenses from offshore jurisdictions, including the Marshall Islands. The broker primarily offers trading through the popular MetaTrader 4 (MT4) platform, catering to a range of asset classes, including forex and CFDs.

Detailed Section

　　Regulatory Regions:

　　GIM operates without a robust regulatory framework, which raises significant red flags. According to WikiFX, the broker's New Zealand office is deemed bogus, and there are warnings from various regulatory bodies about its practices. The lack of a credible regulatory authority overseeing GIM makes it a risky option for traders.

　　Deposit/Withdrawal Currencies/Cryptocurrencies:

　　GIM accepts deposits primarily in USD, with a minimum deposit requirement of $250. However, user reviews indicate that withdrawal processes can be problematic, often resulting in delays or outright refusals, as highlighted by various complaints across multiple platforms.

　　Minimum Deposit:

　　The minimum deposit for opening an account with GIM is $250, which is relatively low compared to other brokers. However, given its lack of regulation and numerous negative reviews, this low entry point may not be worth the risk.

　　Bonuses/Promotions:

　　GIM offers various promotional incentives, but potential clients should exercise caution. Many reviews suggest that bonuses may come with stringent withdrawal conditions, often leading to further complications for traders trying to access their funds.

　　Tradable Asset Classes:

　　GIM provides access to a range of assets, including forex pairs and CFDs. However, the quality of execution and the reliability of the trading environment have been called into question in several user reviews.

　　Costs (Spreads, Fees, Commissions):

　　While GIM claims to offer competitive spreads, many users have reported hidden fees and commissions that can significantly affect profitability. This lack of transparency is a common complaint among traders who have used the platform.

　　Leverage:

　　GIM offers leverage up to 1:300, which can be attractive for traders looking to maximize their positions. However, high leverage also increases risk, particularly in an unregulated environment.

　　Allowed Trading Platforms:

　　The primary trading platform available at GIM is MetaTrader 4, which is well-regarded in the trading community for its functionality and user-friendly interface. However, the overall trading experience is marred by reports of technical issues and poor execution.

　　Restricted Regions:

　　There are no clear indications regarding restricted regions on GIM's website. However, the lack of regulation suggests that traders from jurisdictions with stringent regulatory requirements should avoid this broker.

　　Available Customer Service Languages:

　　Customer support at GIM is reportedly lacking, with many users citing difficulties in reaching support representatives and receiving timely assistance. This is a significant concern for traders who may need help during critical trading hours.

Repeated Rating Overview

Category	Rating (out of 10)
Account Conditions	3
Tools and Resources	4
Customer Service and Support	2
Trading Setup (Experience)	3
Trustworthiness	1
User Experience	2

Detailed Breakdown

　　Account Conditions:

　　GIM's account conditions are subpar, especially considering the lack of regulatory oversight. Users have reported issues with account freezes and withdrawal delays, leading to a low rating of 3.
　　Tools and Resources:

　　While GIM offers the MT4 platform, the resources available for traders are limited. The lack of educational materials and market analysis tools contributes to a rating of 4 in this category.
　　Customer Service and Support:

　　Numerous reviews highlight poor customer service experiences, with users struggling to get timely responses. This has resulted in a rating of 2, indicating significant room for improvement.
　　Trading Setup (Experience):

　　The trading experience on GIM is marred by reports of execution delays and technical issues. Consequently, it receives a rating of 3, reflecting user dissatisfaction.
　　Trustworthiness:

　　GIM's trustworthiness is severely compromised due to its unregulated status and numerous negative reviews. A rating of 1 underscores the risks associated with trading through this broker.
　　User Experience:

　　Overall user experiences have been largely negative, with many traders expressing frustration over issues related to withdrawals and customer support. This has led to a low rating of 2.

　　In conclusion, the GIM broker presents a concerning profile for potential traders. The lack of regulation, coupled with numerous negative user experiences, suggests that it may be best to consider alternative brokers that offer better security and customer support. Always conduct thorough research and exercise caution when choosing a trading platform.