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GS-Forex Forex Broker provides real users with * positive reviews, 1 neutral reviews and 23 exposure review!

GS-Forex Broker Review

1.58

WikiFX monitor

Business

Influence E

License

FCA Revoked

GS-Forex Review 24

Latest All(24) Neutral(1) Exposure(23)
Neutral

Didn’t have a satisfactory trading experience on this platform. The MT4 trading platform didn't support Expert Advisors, and the charting tools were difficult to use. I also experienced a lot of order delays, which significantly affected my trades. After trading for less than three weeks, I decided to switch to a different platform. Two stars, yes.

FX1348594091
2023-03-21
Exposure
Unable to withdraw.

Unable to withdraw for various reasons. It led us to depositing and said the third party would blocked my capital. It asked me to pay the fee for unblocking. Please expose this scammer.

海予星辰
2021-07-27
Exposure

This was a scammer who cheated l normal people.

海予星辰
2021-07-27
Exposure

Do not allow iwthdrawal deliberately. They don’t admit that they are fauds.

FX3421488323
2021-04-13
Exposure
The customer service said I have to pay 50,000 margin to withdraw funds cuz I should prove that it’s not money laundering

Scam. Why is there no regulator? There are so many fraud platforms

杨柳依依66328
2020-12-17
Exposure
Induce you to be an agent but you can’t withdraw

They cooperated with me because I opened a Taobao store. They popularized my store and I should be their agent. But I was induced to deposit and I can’t withdraw. Then I was asked to add money to unfreeze my account. I was threatened at the first time I failed to withdraw. They said it was illegal to extract preferential points. But when I asked the customer service how to withdraw, they didn’t tell me I couldn’t extract the preferential points. As a result, my account was froze. I was asked to pay three times of my frozen capital, but they said my bank card number was wrong and I have to pay double frozen capital. I did too. However, the account became high-risk account, and my money was frozen again. The nest day, their website was disabled. I asked them where my money went if I can’t withdraw, they said it would be given to charities. That was awfully cheeky. Why I can’t get my money if my money will be given to the charities. I’m only less than 20 years old now, the money was lent, I rack up lots of financial debt now.

OHh4949
2020-09-28
Exposure
GS-Forex scammed me $130000

The company behind GS-Forex is Ningbo Yamaer Asset Management Co., Ltd., which changed its name to Xi'an Qinyin Stock Network Co., Ltd. in August 2018, and changed its name again to Xi'an Qin Strategy Network Technology Co., Ltd. on September 19, 2018. The real persons in charge are Wang Peng, Chen Zhiyi and others. The company built the false foreign exchange platform, GS-Forex. And their salesmen incited people to the platform, causing them to lose all. The salesmen use post online with the team names, such as Huijin team, Zhongying forex management, Huijin team, saying that they can help people profit. They sign agreement with the clients and the companies’ name in the agreements were other companies’, which can help them shirk the potential responsibilities. High commissions, high spreads, and short-swing trading have caused most clients to lose money in a short period of time! It is obviously a ponzi scheme and they are clearly betting with the investors! The platform profit from clients’ losses! If the clients gain profits, their accounts will be frozen and the platform would not allow them to withdraw money with various reasons! ! ! At present, it is estimated that there are thousands of people being deceived, and the funds involved are as high as 100 million! The website of GS-Forex is https://www.gs-forex.com, and the English website is http://en.gs-forex.com/. The website is now unavailable and the funds cannot be withdrawn. It is running. Please investors who have the same experience contact me (qq: 3072715600), we can join efforts to to solve the problem. We must not let the liar go unpunished!

FX4519987482
2019-01-28
Exposure
"All profit team" scam (2)! ! !

The company behind GS-Forex is Ningbo Yamaer Asset Management Co., Ltd., which changed its name to Xi'an Qinyin Stock Network Co., Ltd. in August 2018, and changed its name again to Xi'an Qin Strategy Network Technology Co., Ltd. on September 19, 2018. The real persons in charge are Wang Peng, Chen Zhiyi and others. The company built the false foreign exchange platform, GS-Forex. And their salesmen incited people to the platform, causing them to lose all. The salesmen use post online with the team names, such as Huijin team, Zhongying forex management, Huijin team, saying that they can help people profit. They sign agreement with the clients and the companies’ name in the agreements were other companies’, which can help them shirk the potential responsibilities. High commissions, high spreads, and short-swing trading have caused most clients to lose money in a short period of time! It is obviously a ponzi scheme and they are clearly betting with the investors! The platform profit from clients’ losses! If the clients gain profits, their accounts will be frozen and the platform would not allow them to withdraw money with various reasons! ! ! At present, it is estimated that there are thousands of people being deceived, and the funds involved are as high as 100 million! The website of GS-Forex is https://www.gs-forex.com, and the English website is http://en.gs-forex.com/. The website is now unavailable and the funds cannot be withdrawn. It is running. Please investors who have the same experience contact me (qq: 3072715600), we can join efforts to to solve the problem. We must not let the liar go unpunished!

FX2539637919
2018-11-10

  

GS Forex 2025 Review: Everything You Need to Know

  Summary: GS Forex has garnered significant scrutiny, with many sources labeling it as a suspicious clone firm lacking valid regulation. While it offers a variety of trading instruments and popular platforms like MT4 and MT5, concerns about user safety, transparency, and customer service persist.

  Note: It is crucial to understand that GS Forex operates under different entities across various regions, which adds complexity to its regulatory status. This review aims to provide a balanced and accurate portrayal of the broker based on multiple expert analyses.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Setup/Experience 4
Trustworthiness 2
User Experience 3

  We rate brokers based on various factors, including user reviews, expert opinions, and factual data.

  

Broker Overview

  Founded between 2019 and 2021, GS Forex is registered in Vanuatu and claims to be regulated by the Vanuatu Financial Services Commission (VFSC). However, it is widely regarded as a "suspicious clone" firm, which raises significant concerns about its legitimacy. The platform supports popular trading software, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and offers a variety of trading instruments such as forex pairs, commodities, indices, and spot metals.

  

Detailed Information

  • Regulated Geographical Areas: The broker claims to be regulated by the VFSC, but many sources indicate that it operates as a clone firm, which means it may not provide the same level of protection as genuinely regulated entities.
  • Deposit/Withdrawal Currencies: Specific information regarding supported currencies is not readily available due to the lack of a functional official website.
  • Minimum Deposit: The minimum deposit is reported to be around $100, allowing traders to access the platform with a relatively low initial investment.
  • Bonuses/Promotions: There is no clear information regarding bonuses or promotions, which is often a red flag for potential traders.
  • Tradable Asset Classes: GS Forex offers a wide range of tradable assets, including forex pairs, commodities, indices, and spot metals, catering to diverse trading strategies.
  • Costs (Spreads, Fees, Commissions): The commission structure is not transparently laid out, leading to potential unexpected costs for traders. Reports indicate spreads starting from 0.0 pips for pro accounts, but conditions may apply.
  • Leverage: The leverage offered is not explicitly stated, but it is crucial for traders to verify this before engaging with the broker.
  • Allowed Trading Platforms: The broker supports both MT4 and MT5, which are widely recognized for their robust features and user-friendly interfaces.
  • Restricted Regions: GS Forex does not provide services to residents of certain countries, including the United States, Cuba, Iran, North Korea, and Syria, which may limit its accessibility for some traders.
  • Available Customer Service Languages: Customer support is primarily available in English, with contact methods including email and phone.

  

Ratings Recap

Category Rating (out of 10) Comments
Account Conditions 4 Minimum deposit is low, but lacks clarity on fees.
Tools and Resources 5 Offers popular trading platforms but lacks additional resources.
Customer Service and Support 3 Reports of delayed responses and limited support options.
Trading Setup/Experience 4 Offers a wide range of instruments but lacks transparency.
Trustworthiness 2 High risk due to regulatory concerns and clone firm status.
User Experience 3 Mixed reviews, with concerns about user safety.

  

Detailed Breakdown

  Account Conditions: GS Forex requires a minimum deposit of $100, which is relatively accessible. However, the lack of transparency regarding fees and commissions raises concerns. Many users have reported unexpected costs, making it difficult to gauge the true cost of trading on the platform.

  Tools and Resources: The broker offers the widely used MT4 and MT5 platforms, known for their comprehensive functionality. However, the absence of additional resources such as educational materials or market analysis tools limits traders' ability to make informed decisions.

  Customer Service and Support: Customer service appears to be a significant weak point for GS Forex. Reports indicate delayed responses and limited support channels, leading to frustration among users seeking assistance. This is particularly concerning for traders who may require immediate help.

  Trading Setup/Experience: While GS Forex provides access to a diverse range of trading instruments, the overall trading experience is marred by concerns about transparency and trustworthiness. Users are advised to approach the platform with caution, given its dubious regulatory status.

  Trustworthiness: The trustworthiness of GS Forex is a major concern, with multiple sources labeling it as a suspicious clone firm. This indicates that it may not provide the same level of protection as legitimately regulated brokers, posing a significant risk to traders.

  User Experience: User experiences with GS Forex are mixed, with some reporting difficulties in withdrawing funds and others expressing concerns about the platform's legitimacy. The lack of a functional official website further complicates the user experience.

  In summary, while the GS Forex 2025 review highlights some appealing features such as a low minimum deposit and popular trading platforms, the overarching concerns about its regulatory status, customer service, and transparency make it a risky choice for potential traders. Users are strongly advised to conduct thorough due diligence and consider alternative, more reputable brokers.