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GM-Associations is a defunct broker that is trying to pick a fight with the Forex trading community. Global Market Association is the full name of this trading platform. After a closer look at their homepage, we learn that there’s more to the broker than meets the eye. GM Associations is another anonymous online trading platform.
With anonymity comes the risk of losing your entire funds. Please stay away from this platform, as it’s likely these are offshore brokers. There’s no security of funds with the global market association. Read this thorough GM-Associations review for more on the broker.
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On their about us page, there’s not much to go on regarding who is running the platform. In terms of the website’s aesthetics, the broker goes with the Dark theme. The dark theme is mostly associated with offshore brokers.
We don’t understand why a broker would use such a theme on their homepage. Nonetheless, the website has little information in regards to the services clients expect. There’s a lack of communication from the broker’s side on the broker’s mission and objective.
As an investor, you would want to sign up with a broker who has a vision. A broker with a long-term vision will ensure to protect their client at all cost. We learn that the broker claims to offer CFDs and Forex trading services from the about us page.
We also learn from the disclaimer at the footer of their homepage that the broker is offshore. The Marshall Islands is a haven for offshore brokers as it doesn’t have strict broker regulation.
There’s an affiliate program available for those interested in earning from a partnership perspective. The partnership should be a concerning issue to investors. These are offshore brokers who will not pay anyone to help them get clients.
You will face the wrath of your members, who will demand you pay them back. This is after you help them sign up and deposit funds. Since no one has come up with proof of withdrawal, members will vent their anger on you.
The disclaimer at the footer of their homepage claims BI Level World LTD is behind this broker. Offshore brokers will do or say anything to try and make their platforms appear legit. We did a thorough check to confirm whether the company exists.
It did not come as a shock to learn that this Company is not on any registrar. We are facing an anonymous broker who is using false company details. It’s how they deceive investors into believing that this platform is legit.
A closer look shows that there are only scathing comments regarding the services offered by the broker. Most investors are unhappy with the turn of events after depositing with the platform. These victims claim that the broker has been blocking their attempts to withdraw funds.
Some of them have been receiving threatening calls from staff members at odd hours. The calls demand that the member deposits a substantial amount to grant withdrawal access. It’s a tactic used by offshore brokers.
GM-Associations is not a legal entity as it does not possess any valid documents. Their documents page does not have any certificate from a known regulator. And this is the proof we need to blacklist them instantly.
An unregulated broker is bad news to investors and the trading community. Without any supervision from authorities, the broker may do as they please. This is the reason why they are blocking withdrawals at will. There’s no authority to stop them.
A smart investor will want to sign up with a broker on the legal side of things. Without any license details, the broker does not have a legal bearing. Those that sign up don’t enjoy the protection investors get from a regulated entity.
Stay away from the platform, as this is a huge turn off for investors. Those that sign up will be crying as the broker is notorious for blocking withdrawals. Instead of experiencing all that, why not choose a recommended broker?
According to a trusted domain checker tool, the website went live recently. Records show that the site went live on 14th October 2020. As of publishing this post, the website is barely four months old. Even with four months, we only see negative reviews on the broker, a telling sign.
Most of the people who made deposits have had a hard time trying to make withdrawals. And it’s why we must expose this platform and any other with similar characteristics.
GM-Associations is furnishing users with two account plans to choose from. As a member, you either choose a Real account or an Islamic account. There are no details regarding the acceptable minimum deposit with each account.
We don’t even know the leverage and spreads available on these accounts. It’s a sign that we are dealing with an unprofessional outfit. There is a lot of missing information from the platform. Please stay away from it, or else risk losing your entire funds.
As far as depositing funds with this broker goes, we urge you not to deposit a penny. The deposit options available include MasterCard and Visa. You expect the document’s page to give you a clear picture of withdrawal terms.
Sadly, there’s no such thing as the withdrawal policy is not in effect. The broker claims that withdrawals will reflect on your account 24 hours later. As victims have gone for weeks, it’s not the case expecting withdrawal to reflect on their accounts.
The platform gives users the option of signing up with the MT4 trading platform. You can also download the platform using any device. This is not something new as the trading terminal is free for use by anyone.
Once you sign up, you don’t get to use this platform. The broker claims that they will trade on your behalf using a personalized trading platform. We believe these are the lies they sell to members.
This broker does not guarantee the security of funds. Anonymity rules out any safety of funds with GM Associations. Global Market Associations does not provide any legal documents from regulators. It means that there’s no transparency on the side of the broker.
The broker does not deposit the minimum required amount to operate a brokerage firm. It means that there’s no compensation or insurance cover for anyone who deposits with the broker.
GM-Associations is another offshore scam that is about to rip-off unsuspecting investors. The purpose of this review is to expose the platform. We won’t allow offshore brokers to tarnish the good trading name.
Other reviewers are also following suit and exposing the broker. Stay away from the site, as Sally, the agent, won’t be of any help once you make contact via Chat.
Start making the bold decisions today and sign up with authentic brokers. These brokers are the best in the industry. Having the best broker increases your chances of winning.
We wish everyone a safe trading experience.
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