GMBanc Review: Watch Out for this Forex Trading Scam!

GMBanc Review: Watch Out for this Forex Trading Scam!

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GMBanc claims that you will attain your financial desires once you join their entity. Investors will get assistance from their experts. You should not trust a shady financial manager in any case. The entity is allegedly trading stocks, forex, commodities, and indices.

Trading is a very critical task that requires investors to be cautious. It is easy to generate a passive return by investing with various assets. However, this does not mean that you will all companies are legit.

Scammers will make all sorts of promises to get access to your funds. The withdrawal will turn into futile. Anybody who promises you quick money without disclosing their trading condition is a Ponzi scheme.

The vast amount of money you deposit, the higher the rewards. It is the story of the majority of the fraudsters. Unfortunately, none of them meet their promises. GMBanc is to no good as they are not regulated. Additionally, the venture is not reputable.

There are multiple scammers in the market, eying for novice traders’ hard-earned money. You will end up losing all your funds in a matter of seconds. Run a background check before venturing. See what other investors have to say regarding the activities of any business. Review

GMBanc claims that it has a Web Trader and MT4 platform. The company does not have anything special. We view it as a waste of cyberspace. Moreover, those who join will not make any profits. The platform is offering a spread of 2 pips, which is not a lucrative figure.

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The company is accepting a minimum amount of $400. The amount is beyond the market standard figure. We fail to understand why the platform is so expensive. The platform claims that it has four years of experience in the industry.

The information is false and bogus. According to, this entity was launched in August 2020. Therefore, the firm is lying about its history. Such minor details should not be taken lightly.

GMBanc  Review, GMBanc  Platform

The platform was formerly known as Goldmans Banc before being exposed by the FCA as an illegal venture. Everything is identical; the people behind the venture are not afraid to reveal their scam behaviors.

Invest with legit forex trading companies in the market. They are better than this scam and will earn you a real amount of money. The trustworthy bots have all the information that you need. Their team and founder are well known.

Withdrawal and Deposit

GMBanc is accepting funds via digital currency. They do not have any other form of payment available. The company is shad and suspicious in all manner. The main reason they are only accepting cryptos is to limit investors from tracing their money.

Your money will go directly into the con artists’ wallet. Legit and transparent ventures will avail multiple methods, including credit cards. You can reverse your transaction up to 540 days.  However, for this Ponzi scheme, the case is different.

GMBanc has three investment plans that are available for their clients. All of them are expensive, and most traders cannot afford it. Their leverage and spread are not attractive whatsoever.  The withdrawal process takes a period of 2 to 5 days to be processed.

The company is operating on its terms. In the case of inactivity in your trading account for 3 months, GMBanc is charging a monthly fee of 10%. The platform is asking for many funds.

To cash out the bonuses that the company is offering, you must meet their requirements. You must trade an equivalent volume of 30 times the deposit your cash in. It is usually tough to meet these requirements.

The company does not mention any additional charges that they subject to traders. However, do not be surprised by this shady venture.

Is GMBanc Regulated?

GMBanc is located at St Vincent and the Grenadines. The area is known to attract scammers because they do no regulate forex activities. Regardless of this, the company is collecting money from investors across the globe.

The name of this company is very familiar and has been blacklisted by multiple financial watchdogs. Everything is the same, and you cannot miss the red flags. The trading conditions of this platform are mysterious.

GMBanc is not a reliable trading partner. Like they are used to, the entity will eventually exit the market. Traders who will go ahead to trust the bogus entity will have themselves to blame. Avoid them for the sake of your security.

It is illegal to operate in this manner. The financial regulatory body has requirements that investment venture must meet to acquire a license. For instance, they must have a compensation scheme in place in case they face bankruptcy.

Additionally, investors’ funds are kept in a separate bank account from that of the company or founder. However, with GMBanc, they do not provide their banking information. The company is a scam that you should not trust.

Customer Support

GMBanc claims they have 147 employees. However, we highly doubt this claim because the company is costumed into displaying false data. The company markets itself as a multi-national trading entity.

The platform does not offer support via telephone. If you want to reach the support, you can do it via email. The firm’s office address is at Suite 305, Griffith Corporate Center, Beechmont, Kingstown St. Vincent and the Grenadines.

The platform is trying very hard to remain anonymous at all costs. The location they display could not be its actual base. It is also hard to verify the data because it is an offshore venture.

Can Investors make Money with GMBanc?

Clients will not yield any profits with this scam. The company is operating illegally, and it is infamous. You will only get a bad outcome if you choose to trade with the offshore entity. The platform is lying about having a good reputation.

We are yet to see satisfied clients endorsing this company. The platform is using fake statistics to lure in more victims to their doorstep. Keep off this scam, as they are not to any good.

Reason to Avoid GMBanc

The venture does not have any products to offer investors. They are operating illegally without a license. Additionally, the venture is an offshore firm that is shady. The characteristics that the firm has displayed is deceitful.

They also do not accept funds via a transparent method. The founder and the team information is not accessible. The company will exit the market after they have received several clients. It is not wise to trust such an entity with your money because they will not generate any profit for you.

Final Verdict

GMBanc is an old scam that is after investors’ funds. They haven’t changed, and they are targeting more victims. Scammers tend to come back with a different narrative, but this one is exceptional.

The entity is an offshore venture that does is operating anonymously. We do not know the people responsible for this firm. Trusting them with your money will only result in huge losses. Be on the lookout and stay far away.

Invest with legit forex trading software that is dedicated to providing the best services to investors. They do not have ill intentions with their clients. Engage with the regulated companies in the market to be able to cash out your income.

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