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GTS Forex Broker provides real users with 2 positive reviews, * neutral reviews and 5 exposure review!

GTS Broker Review

Rating Index

Pros

Offers the popular MetaTrader 4 trading platform, known for its user-friendly interface and comprehensive trading tools.
Claims to provide market insights and communication channels to help clients understand market dynamics.
Has been operational for several years, indicating some level of experience in the forex trading space.

Cons

Lacks valid regulation, with all licenses either revoked or suspicious, raising concerns about customer protection and compliance.
Negative reputation with numerous complaints regarding withdrawal issues and potential fraud, indicating high risk for traders.
Limited transparency regarding trading conditions, account types, and fees, making it difficult for clients to assess the broker's reliability.

GTS Review 7

Latest All(7) Positive(2) Exposure(5)
Positive

We have been collaborating with the GTS team for many years. Their professionalism and service awareness are well demonstrated. They are able to provide market insights both before the market opens and after it closes.

DSimuncic
06-09
Positive

As a customer of GTS, the company provides varies communication channels, which can promptly convey the company's stock trends and the overall market situation, helping our company to better understand market dynamics.

efipe
06-09
Exposure
Recover my capital from GTS fraudulent scam

A girlfriend in Hong Kong named Trương Vũ Thanh dragged me into investing in the GTS trading platform. Initially, I only had 100 USD, and then she guided me to trade with profits. She urged me to invest more, so I increased my account to 1000 USD. She also instructed me in trading. However, the trading platform does not allow me to withdraw money. So, I asked her, and she told me that I had to upgrade to VIP 1 to have unlimited withdrawals. When I upgraded my account to 2000 USD to become VIP 1 of the trading platform, they asked me to pay taxes when I made profits. I refused to pay, and I said that if they didn't let me withdraw money, I would report the GTS trading platform on all cryptocurrency trading websites. They closed my account and didn't let me withdraw my money, which is currently 2431 USDT. But I can't open or log in to my account. I came here to ask for your support to expose the fraudulent nature of the GTS trading platform.

FX1230275326
03-12
Exposure
I want to make a complaint.

I want to negotiate with GTS that I want to withdraw the cash that I have deposited into the GTS trading account, which is 2,000 USD. I don't need to withdraw profits, I just want to withdraw the money that I have deposited. If you want to deduct taxes from the GTS trading account, please deduct them. The remaining amount can be withdrawn. Currently, my GTS trading account is locked and when I log in to the account, it shows that the account is abnormal.

FX1230275326
03-09
Exposure
To report the scam of taking my money and holding the customer's money

The person who introduced me to register an account on the GTS trading platform and the evidence that this is a scam is here. I sincerely hope to receive a response from relevant authorities to help me withdraw the amount deposited into my GTS trading account. This is the GTS trading platform: https://gtsxz.cc/. It is a fraudulent and deceptive platform, lacking transparency. Therefore, I report the GTS trading platform to refund my cash withdrawal. I do not need to withdraw profits. I registered an account on the GTS trading platform and the evidence proves that this is a scam. I am here. I sincerely hope to receive a response from relevant authorities to help me withdraw the amount deposited into my GTS trading account. This is the GTS trading platform: https://gtsxz.cc/. It is a fraudulent and deceptive platform, lacking transparency. Therefore, I report the GTS trading platform to refund my cash withdrawal. I do not need to withdraw profits.

FX1230275326
03-08
Exposure

They are scammers, Q has a girl in Hong Kong named Anne, also known as Truong Vu Thanh, who led me to the GTS trading platform and asked me to deposit money into the GTS trading platform. But when there was profit in the trading, they didn't allow me to withdraw cash and told me to deposit more money into the GTS trading account to close it. I haven't deposited any money into the GTS trading platform, it is locked and not worth entering the account. They are scammers taking money from customers.

FX1230275326
03-07
Exposure
Report the scammer

I want to report that the GTS trading platform does not allow me to withdraw cash when I have profitable trades. They told me that I have to deposit tax. So it is a scam platform. They deceived me, a Hong Kong girl named (Anne) Trương Vũ Thanh), Chinese name, so tell.

FX1230275326
03-02

GTS 2025 In-Depth Review: Opportunity or Trap?

Executive Summary

In the vast and often turbulent waters of the forex trading market, GTS emerges as a controversial player. Established in 2015, GTS operates as an unregulated forex broker that has raised numerous red flags concerning its legitimacy and reliability. Targeting primarily experienced traders, GTS offers enticing features like high leverage and low trading costs. However, the prudent investor must exercise caution; the broker's history reveals a troubling pattern characterized by revoked licenses and considerable negative customer experiences.

For potential investors—especially those new to the realm of forex trading—the risks of engaging with GTS are substantial. With no regulatory oversight, GTS poses significant risks concerning fund safety and withdrawal capabilities. In summary, while GTS may offer trading opportunities that seem attractive at first glance, investors should proceed with caution, weighing the potential benefits against the high likelihood of encountering serious issues.

⚠️ Important Risk Advisory & Verification Steps

Risk Alert: GTS poses a high risk, particularly due to the lack of regulatory oversight. Ensure you consider the following:

  • Revoked Licenses: GTS operates under revoked regulatory licenses, suggesting significant compliance issues.
  • Negative Customer Feedback: Numerous complaints highlight withdrawal difficulties and potential fraud.
  • Website Availability Issues: A frequently inaccessible website raises concerns about operational legitimacy.

How to Self-Verify GTSs Regulatory Status:

  • Visit official regulatory sites: Check the National Futures Association (NFA) and the Financial Conduct Authority (FCA).
  • Search for the broker: Use the respective search tools on these websites to look for GTS.
  • Verify licenses: Confirm the status of any claims of regulation against GTS.
  • Research user experiences: Look for feedback on trusted review platforms to gauge trader satisfaction.
  • Use caution with unregulated brokers: Be wary of investing with platforms lacking verified operational procedures.
  • Rating Framework

    Dimension Rating (out of 5) Justification
    Trustworthiness 1 GTS has a documented history of revoked licenses and multiple negative reviews regarding fund safety.
    Trading Costs 3 While offering low commission rates is an advantage, hidden fees related to withdrawals can diminish savings.
    Platforms & Tools 2 GTS claims to offer popular platforms like MT4, but actual access and usability issues remain a concern.
    User Experience 1 Reports indicate a frustrating user journey with significant issues around the accessibility of the website.
    Customer Support 1 Customers have raised ongoing issues regarding response times and effectiveness in addressing problems.
    Account Conditions 3 Offers various account options, but withdrawal fees and conditions can be burdensome.

    Broker Overview

    Company Background and Positioning

    GTS, also referred to as Global Trading Securities Co., was founded in 2015 and is registered in the United Kingdom. Initially presenting itself as a competitive player in the forex brokerage sector, it has drawn scrutiny due to its unregulated status and a track record rife with issues. GTS claims to provide services similar to better-rated brokers; nonetheless, its operational integrity is deeply compromised by a lack of valid licenses, leaving traders at risk.

    Core Business Overview

    GTS claims to offer various financial instruments, particularly forex trading, alongside others like commodities and indices. The broker supports trading through the widely recognized MetaTrader 4 platform, promising users a seamless trading experience. However, transparency about spreads, commissions, and overall account conditions is substantially limited, making it difficult for users to understand the implications of trading through GTS.

    Quick-Look Details Table

    Detail Information
    Regulation Unregulated; licenses revoked by FCA and ASIC.
    Minimum Deposit $25
    Leverage Up to 1:200
    Major Fees Withdrawal fees potentially exceeding 20%
    Customer Support Limited, primarily through email and phone

    In-depth Analysis of Each Dimension

    Trustworthiness Analysis

    1. Analysis of Regulatory Information Conflicts

    GTS operates on various claims of regulatory compliance with authorities such as the FCA and ASIC, yet all relevant licenses have been revoked or considered suspicious. The absence of valid oversight fosters an environment where the potential for fraud is heightened.

    2. User Self-Verification Guide

    To verify GTS's regulatory status, follow these steps:

    • Visit the NFA at nfa.futures.org and search for GTS.
    • Check the FCA at fca.org.uk and enter the broker's details.
    • Assess the results for points of contact and confirmation of active licensing.
    • Examine user reviews on platforms such as Forex Peace Army and WikiFX.
    • Always exercise caution, especially with platforms showing unverified claims.
    • “They refused to let me withdraw my funds, saying my account was frozen indefinitely.” - Disgruntled user feedback.

      3. Industry Reputation and Summary

      Overall, GTS's reputation within forex trading circles is predominantly negative. International regulatory warnings and extensive customer complaints underscore the risks associated with engaging their services. The recurring theme of unfulfilled withdrawal requests amplifies concerns regarding the safety of investor funds.

      Trading Costs Analysis

      1. Advantages in Commissions

      GTS advertises a low-cost trading structure, appealing to cost-conscious traders seeking the highest leverage in the market. For instance, the fees mentioned are quite competitive compared to sector standards—particularly advantageous for high-volume traders.

      2. The "Traps" of Non-Trading Fees

      Despite its alluring commission structure, GTS imposes exorbitant withdrawal fees. Users have reported charges reaching 20% on withdrawal attempts, creating hurdles for traders wishing to access their funds.

      “I tried to withdraw $500 and was charged $100 in fees! It made no sense.” - User experiencing withdrawal issues.

      3. Cost Structure Summary

      The pro of low trade commissions is significantly overshadowed by the potential cons, particularly the hidden fees tied to withdrawals. This duality can generate substantial strain for many traders, particularly novices unfamiliar with such practices.

      Platforms & Tools Analysis

      1. Platform Diversity

      GTS claims to provide multiple leading trading platforms, particularly MetaTrader 4 (MT4). While MT4 is renowned for its advanced features, customer reports highlight significant accessibility issues, questioning the reliability of the tools they promise.

      2. Quality of Tools and Resources

      Though GTS asserts the quality of their trading resources, actual user experiences contradict those claims, indicating basic functionalities with few educational materials or analytical tools available to traders.

      3. Platform Experience Summary

      User experiences with the GTS platform have been largely negative, emphasizing navigation struggles and limited access.

      “I often had trouble logging in and the platform just crashed on me.” - Trader expressing frustrations.

      User Experience Analysis

      1. User Interface and Accessibility

      Issues surround GTS's website accessibility, as persistent downtime has left users unable to log in or trade. Such operational instability raises red flags regarding the broker's reliability.

      2. Overall User Satisfaction

      The general sentiment conveyed through user reviews reflects dissatisfaction, predominantly due to the anxiety surrounding withdrawals and insufficient marketing transparency. Many have voiced concerns about communication difficulties with GTSs support systems.

      3. Recommendations for Improvement

      Enhancing website access, offering comprehensive educational resources, and improving customer support responsiveness should be priorities for GTS to mend user relations.

      Customer Support Analysis

      1. Availability and Responsiveness

      Customer support has a meager standing, largely criticized for slow response times. Users have encountered issues that remain unresolved, fostering discontent among current and potential clients.

      2. Quality of Support Provided

      Experiences relayed by users indicate a lack of sufficient support during critical situations. The support teams often appear unprepared to manage issues as they arise, leaving customers seeking help frustrated.

      3. Improvement Suggestions

      Fostering a more responsive support framework with better-trained staff could alleviate some frustration. Better training for customer representatives might decrease the number of unresolved complaints.

      Account Conditions Analysis

      1. Overview of Account Types

      GTS outlines various account types but lacks detailed disclosures regarding the primary benefits, minimum requirements, and associated fees, leading to confusion on the trader's side.

      2. Minimum Deposit and Withdrawal Conditions

      The minimum deposit is set at $25, creating an entry point for new traders. However, withdrawal terms remain vague, and many users report difficulties withdrawing funds due to potential hidden fees.

      3. Summary of Account Conditions

      While the low minimum deposit is accessible, the lack of transparency surrounding withdrawal conditions could be detrimental, especially when aggregating poor user reviews pointing towards hidden fees and disallowed access.

      Conclusion

      The review of GTS presents various alarm signals that should not be overlooked. The broker's history of revoked licenses, poor customer feedback, and suspicious operational practices raise significant concerns about its legitimacy. New and inexperienced traders should strongly consider these factors before committing any funds to GTS. Those who value the security of their investments would be prudent to explore regulated alternatives that offer clearer safeguards and better support systems. In the volatile market of forex trading, informed decisions are paramount, and approaching opportunities with caution can be the wisest choice.

GTS review