Score
United Kingdom
|
5-10 years
| https://en.gtsforex.com/
Website
Rating Index
United KingdomA Visit to GTS in UK -- Finding No Office
The investigators went to London to visit the foreign exchange dealer GTS as planned. They did not find the dealer’s office on the publicly displayed business address. The dealer may just register a company here without real business premises. Please choose the dealer carefully.
United KingdomGTS, a supposedly Australian broker, not found
A field survey based on the company’s claimed address did not found GTS’s physical presence. The broker had an ASIC authorized representative license (No. 001274363), however, the license has been canceled now. Moreover, the field survey staff has confirmed the broker’s regulatory address is bogus. Discretion is suggested if trading with this broker.
AustraliaA Visit to GTS in UK -- Finding No Office
The investigators went to London to visit the foreign exchange dealer GTS as planned. They did not find the dealer’s office on the publicly displayed business address. The dealer may just register a company here without real business premises. Please choose the dealer carefully.
United KingdomGTS, a supposedly Australian broker, not found
A field survey based on the company’s claimed address did not found GTS’s physical presence. The broker had an ASIC authorized representative license (No. 001274363), however, the license has been canceled now. Moreover, the field survey staff has confirmed the broker’s regulatory address is bogus. Discretion is suggested if trading with this broker.
Australia
gtsforex.com United States
VIP is not activated.
Note: GTS's official website: https://en.gtsforex.com/ is currently inaccessible normally.
| GTS Review Summary | |
| Founded | 2015 |
| Registered Country/Region | United Kingdom |
| Regulation | ASIC (Suspicious clone/revoked), FCA (Revoked) |
| Market Instrument | Forex |
| Trading Platform | MT4 |
| Customer Support | Phone: +44 2035146999 |
| Email: backoffice@gtsforex.com; QQ: 3080134024 | |
GTS is a financial company founded in 2015 and operates under suspicious ASIC clone status. With minimal information through Internet, we can only get that the GTS is a forex brokerage company and offers the famous and user-friently MT4 trading platform. No more details about its background and trading conditions can be found.
 | Australia Securities & Investment Commission (ASIC) |
| Current Status | Suspicious Clone |
| Regulated by | Australia |
| License Type | Investment Advisory License |
| License No. | 486229 |
| Licensed Institution | INNO QUANTUM CAPITAL MARKET PTY LTD |
 | Australia Securities & Investment Commission (ASIC) |
| Current Status | Revoked |
| Regulated by | Australia |
| License Type | Appointed Representative (AR) |
| License No. | 001274363 |
| Licensed Institution | GTS PRIME PTY LTD |
 | Financial Conduct Authority (FCA) |
| Current Status | Revoked |
| Regulated by | United Kingdom |
| License Type | Appointed Representative (AR) |
| License No. | 784199 |
| Licensed Institution | Global Trading Securities Co., Ltd |
 | Financial Conduct Authority (FCA) |
| Current Status | Revoked |
| Regulated by | United Kingdom |
| License Type | Appointed Representative (AR) |
| License No. | 815179 |
| Licensed Institution | Global Trading Securities Co., Ltd |
GTS claims to hold four regulatory licenses: a suspicious clone Australia Securities & Investment Commission (ASIC) license numbering 486229, a revoked license from Australia Securities & Investment Commission (ASIC) with license no. 001274363 and two revoked FCA (Financial Conduct Authority) license numbers at 815179 and 784199 respectively. With either revoked or suspicious clone status of all these licenses, there's huge problem about GTS's regulatory compliance.
Unavailable website: GTS's website cannot be opened currently. Not any reliable broker will behave like this.
Regulatory concerns: The regulatory status with revoked ASIC, FCA and suspicious ASIC cloning indicates less customer protections and compliance to industry standards of the broker. Trading with GTS is of high risk.
Limited transparency: Important info on accounts, leverage, spread, commission even market instruments are not publically available.
Plenty of negative customer reviews: WikiFX recorded 141 exposures about withdrawal issues and fraud, which is very serious warning sign that the company is a scam.
We are not sure about GTS's business scope due to the company's extremely limited transparency. It claims to be a forex brokerage on its previous webpage, suppose forex is its main trading instrument.
GTS claims to provide the most renowned and reputable trading platform MetaTrader4. It's a world recognized platform highly appreciated for its one-stop functionality for market updates, charting tools, technical analysis and trade executing.
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are 141 pieces of GTS exposure in total. I will introduce two of them.
Exposure 1. Withdrawal issue
| Classification | Others |
| Date | 2024-01-16 |
| Post Country | Australia |
An Australian investor reported that he did not receive his withdrawals even though request had been submitted more than three months.
Exposure 2. Fraud
| Classification | Unable to Withdraw |
| Date | 2020-08-28 |
| Post Country | Hong Kong |
An investor from Hong Kong reported fraud of this broker since his withdrawal hadn't reached his account since Mar 2020. The police didn't file case for him either.
The company can only be accessed through Phone: +44 2035146999, Email: backoffice@gtsforex.com and QQ: 3080134024.
In conclusion, GTS was established in 2015 and operates under revoked ASIC/FCA and suspicious ASIC clone status. Limited transparency and its unavailable website give us reasons to believe that the company might have been absconded. 141 exposures recorded on WikiFX further corroborate its unreliability as a scam broker who set unreasonable barriers for traders to withdraw their funds.
Therefore, keeping away from untrustworthy and risky brokers like GTS saves you money.
Have you been deceived by GTS officials? Has this forex broker prevented you from withdrawing funds? Unfortunately, you have been scammed! File a complaint with the authorities soon to recover your funds. Many have accused this forex broker of serious fraud allegations on several broker review platforms. Our WikiFX team found a massive number of trader complaints against this broker. In this article, we will share them with you.
Please enter...
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
Wasis Wa WaW
Indonesia
I was deceived by someone named Anne Zhang Yuqing. She contacted me through WhatsApp and we exchanged messages for two days. She invited me to trade through a website, but now I cannot withdraw my money. Initially, she asked me to deposit 1000 USDT to upgrade my account to VIP1. She said that if my account is VIP1, I can withdraw all my money. After I upgraded to VIP1, it turned out that I still couldn't withdraw with the excuse that I have to pay taxes from my total balance.
Exposure
jzm
Hong Kong
Unable to withdraw. A Ponzi scheme. Please stay alert.
Exposure
FX2994721071
Singapore
Can't withdraw in GTS. I'm cheated. Is there any regulator to regulate it?
Exposure
FX1822886833
Taiwan
He knew that there was some problem with the platform but he continued beguling me into depositing over $300,000. He is out of contact now and reject my request of hleping me withdraw funds.
Exposure
潇洒女孩
Hong Kong
It has been six months since I withdrew. Please give me some suggestions
Exposure
很搞笑
Hong Kong
The Boss She I knew is under control. How many years will he be in prison? I guess boss She would rather stays in prison than returns the money.
Exposure
FX2949141364
Hong Kong
The withdrawal hasn’t been to my account since March. The police didn’t file the case.
Exposure
东郭先生73632
Hong Kong
The withdrawal in GTS is unavailable for 3 months. The police hasn’t filed a case into yet! Ah.
Exposure
FX2943683212
Hong Kong
The withdrawal is unavailable. Can I take back my money?
Exposure
FX9971723202
Hong Kong
The withdrawal is unavailable for 3 months. It is simply a fraud.
Exposure
FX3623605603
Hong Kong
What happened? The fund is yet to be received.
Exposure
FX2994721071
Hong Kong
The withdrawal is unavailable for 3 months. Hope relevant department see to this Ponzi Scheme.
Exposure
活出敢性-濤 ！
Hong Kong
The withdrawal is unavailable for 3 months. Hope related department see to this Ponzi Scheme.
Exposure
seven54224
Hong Kong
Unable to withdraw for 3 months. They keep stalling for time!
Exposure
鑫20148
Hong Kong
The withdrawal is unavailable for 3 months. When can I receive it?
Exposure
小Q84678
Hong Kong
The withdrawal is unavailable for months. The platform seems to have run away.
Exposure
初心12930
Hong Kong
The withdrawal is unavailable for one month! I just wanted to pay the housing loan and milk powder! Can you platform help?
Exposure
goodboy50158
Hong Kong
The withdrawal applied in March is unavailable. The company backed out.
Exposure
goodboy50158
Hong Kong
The withdrawal is unavailable for 3 months. What happened?
Exposure
聚和尊享
Hong Kong
The withdrawal applied in March is yet to be received. I am at my wits’ end.
Exposure