Score
New Zealand
|
5-10 years
| https://gppmarkets.co.nz/
Website
Rating Index
New Zealand
gppmarkets.com Australia| Feature | Information |
| Company Name | G-IMFCH |
| Registered Country/Area | New Zealand |
| Founded Year | 5-10 years |
| Regulation | FMA, FCA (Suspicious Clone) |
| Customer Support | Phone at +64 9 281 2012, 4006898502; email at info@gppmarkets.com and info@gimfch.com; QQ contact: 800068685. |
What is G-IMFCH？
G-IMFCH is a forex broker ranked 764th globally. It claims to be regulated by 2 financial authorities, but the regulatory status of both is displayed as “Suspicious Clone”. We also found 18 risks associated with G-IMFCH and received 36 complaints about it. With a high number of complaints, questionable regulation, and low ranking, G-IMFCH appears to be a risky choice for forex trading.
Additionally, you should notice that the official website of G-IMFCH, https://gppmarkets.co.nz/ is currently encountering functionality problems.
Regulatory Status
G-IMFCH's regulatory status is concerning. Both regulators listed, the Financial Markets Authority (New Zealand) and the Financial Conduct Authority (UK), have classified G-IMFCH as a “Suspicious Clone” with regards to their regulatory licenses. This means the legitimacy of the licenses claimed by G-IMFCH is in question.
Warning
G-IMFCH, with 13 associated brokers, faces the risk of brokers absconding, which could impact its operations. Assessing the past business history and risk profile of these brokers is crucial for making informed decisions. MetaQuotes data provides insights into broker relationships.
Additionally, a high number of complaints against G-IMFCH itself suggests potential problems. Consider these factors when choosing a broker.
Pros & Cons
| Pros | Cons |
| N/A | Suspicious Clone status |
| High number of complaints | |
| Risk of associated brokers absconding |
Pros:
N/A
Cons:
Suspicious Regulatory Status: Both financial authorities listed for G-IMFCH (New Zealand and UK) have classified it as a “Suspicious Clone” regarding their licenses. This raises serious concerns about the legitimacy of their claimed regulatory oversight.
High Number of Complaints: With 36 reported complaints, G-IMFCH has a concerning track record. These complaints could indicate issues with customer service, platform functionality, or potential unfair trading practices.
Risk of Associated Brokers Absconding: G-IMFCH is associated with 13 other brokers. “Absconding” refers to a broker suddenly shutting down and disappearing with client funds. Having a high number of associated brokers raises the possibility that some might have a history of such practices, which could indirectly impact G-IMFCH's own stability.
Customer Service
G-IMFCH offers phone support through two numbers: +64 9 281 2012 and 4006898502. Additionally, they provide customer support through two email addresses: info@gppmarkets.com and info@gimfch.com. They also have a QQ contact: 800068685.
Conclusion
G-IMFCH is a low-ranked forex broker with concerning regulatory status. Both New Zealand and UK authorities have classified it as a “Suspicious Clone” raising doubts about their licenses. Additionally, a high number of complaints and associated brokers suggest G-IMFCH is a risky choice. Despite offering phone, email, and QQ customer support, the downsides outweigh any potential benefits.
Frequently Asked Questions (FAQs)
Question: Is G-IMFCH a reliable forex broker？
Answer: There are significant concerns about G-IMFCH's reliability. Regulatory authorities in New Zealand and the UK have classified them as a “Suspicious Clone,” casting doubt on their licenses.
Question: Are there any advantages to using G-IMFCH？
Answer: Currently, there are no clear advantages to using G-IMFCH as a forex broker. The significant downsides outweigh any potential benefits.
Question: What are some alternatives to G-IMFCH？
Answer: Considering the concerns about G-IMFCH, it's highly recommended to explore other forex brokers. Look for brokers with a strong reputation, clear regulatory oversight, and a good track record.
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夜风铃
Hong Kong
This broker still exists. And it has been three years since I can’t withdraw funds.
Exposure
FX2436577075
Hong Kong
Have no access to http://www.g IMFCH.net. No one answered my phone calls and QQ messages.
Exposure
FX2114061651
Hong Kong
G-IMFCH can’t withdraw money, and it’s useless to communicate with customer service all the time. It has been delayed in 2018 and has not been able to withdraw money until now. The platform said that it was due to national foreign exchange control and the funds were frozen. There was USD20,000 in my account that could not be withdrawn, not to mention the loss of principal, who can help withdraw?
Exposure
啟木木
Hong Kong
The withdrawal is unavailable for months. No one coped with it.
Exposure
A李杰
Hong Kong
How to withdraw the fund in G-IMFCH ? The customer service keeps holding off.
Exposure
A李杰
Hong Kong
Both the withdrawal and customer service are unavailable. Is there any solution?
Exposure
FX2469661033
Hong Kong
The agent of GPP did everything to induce investors’ fund.The customer service was just tools for scam.The key point:a fraud company,located at Room 609, CEB building, north Tianhe road, Guangzhou,.in which my withdrawal hasn’t arrived for one year ,is still cheating for others’ money.I have been to the company,in which workers have several Wechat numbers and even men dresses as women.Call the police if you are cooperating with this company.
Exposure
nerver say nerver
Hong Kong
The salesman said the company haven't paid his salary for six months,while their boss is traveling around the world.I hope you don't be cheated.
Exposure
吉星高照50866
Hong Kong
Gao Peng is a cheater who refused my application of withdrawal. But it’s said that someone has already withdrawn his money, he reported the cheater to the police, since his relative works in a public security bureau.
Exposure
小明49233
Hong Kong
GPP deceives investors and gives no access to withdrawal.Please be wisely and avoid being cheated.
Exposure