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GSG Forex

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Operating status: SCAM

Website: https://www.forexgsg.com/

Broker violations and abnormal records
  • 2024-01-23 The HK SFC issued a warning against GSG Forex

    On 24 January 2024, the HONG KONG Securities and Futures Commission (HK SFC) issued a warning that GSG Forex was providing financial services or products without authorisation. You may visit: https://www.sfc.hk/en/alert-list/2990

    On 24 January 2024, the HONG KONG Securities and Futures Commission (HK SFC) issued a warning that GSG Forex was providing financial services or products without authorisation. You may visit: https://www.sfc.hk/en/alert-list/2990
  • 2024-01-25 BrokersView has Reviewed that GSG Forex is an Unregulated Broker

    GSG Forex claims to be regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (MSB number: M2057034), we searched the FINTRAC by its company name but found no matching results.

    GSG Forex claims to be regulated by the National Futures Association (NFA) (NFA  ID: 0555420/0558433), we searched by NFA ID 0555420 but found a mismatch for one company HEYING GROUP LIMITED, when we searched by NFA ID 0558433 there was a matching result. But GSG INTERNATIONAL LIMITED is not an NFA member and thus not subject to the regulator's oversight. Its NFA ID is only for tracking purposes only.

    GSG Forex claims to be regulated by the Chinese Gold & Sliver Exchange Society (CGSE) (Member Number: 192). We searched by the member number 192 but found a mismatch for one company Hong Kong Golden Holdings Limited, when we searched by company name GSG International Limited there were no results.

    GSG Forex claims to be operated by GSG International Limited, which is registered in Hong Kong, but the HONG KONG Securities and Futures Commission (HK SFC) issued a warning that GSG International Limited/GSG Forex was providing financial services or products without authorisation.

    The truth is that GSG Forex is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    GSG Forex is a scam.

    GSG Forex claims to be regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (MSB number: M2057034), we searched the FINTRAC by its company name but found no matching results.GSG Forex claims to be regulated by the National Futures Association (NFA) (NFA ID: 0555420/0558433), we searched by NFA ID 0555420 but found a mismatch for one company HEYING GROUP LIMITED, when we searched by NFA ID 0558433 there was a matching result. But GSG INTERNATIONAL LIMITED is not an NFA member and thus not subject to the regulator's oversight. Its NFA ID is only for tracking purposes only.GSG Forex claims to be regulated by the Chinese Gold & Sliver Exchange Society (CGSE) (Member Number: 192). We searched by the member number 192 but found a mismatch for one company Hong Kong Golden Holdings Limited, when we searched by company name GSG International Limited there were no results.GSG Forex claims to be operated by GSG International Limited, which is registered in Hong Kong, but the HONG KONG Securities and Futures Commission (HK SFC) issued a warning that GSG International Limited/GSG Forex was providing financial services or products without authorisation.The truth is that GSG Forex is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.GSG Forex is a scam.

Related Complaints

Q&A

GSG Forex in Hong-Kong is a scam

Ber Mar
France
2024-10-31
ANSWER Dear Investor,We understand the distress and frustration this issue has caused you. GSG Forex was offering financial services through forexgsg.com, a currently unavailable website flagged by the Hong Kong Securities and Futures Commission (HK SFC) as unlicensed. We have marked GSG Forex as a scam.These fraudsters initially give the impression of smooth and lucrative trades to lure victims into trusting them and investing more money. Once investors attempt to withdraw funds, their true colors are revealed, typically using tax fees or other additional requirements to drain clients' pockets.We suggest you gather evidence and report the scam to your local authorities. In your country, you may lodge a report with the Autorité des Marchés Financiers (AMF). We also encourage you to file a complaint on our platform at https://www.brokersview.com/complaint. Our dedicated team will thoroughly review your case and work diligently to help you find a possible solution.Above all, beware of recovery room scams, where unsolicited messages claim they can recover your funds. These are scammers whose only intention is to defraud you further.
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How can I close my account of GSG Forex?

Alexandru Qamar
Netherlands
2024-02-13
ANSWER We recommend reaching out to GSG Forex's customer service to initiate the process of closing your account. However, it is crucial to withdraw your funds from this platform promptly, given its dubious nature.GSG Forex, which purports to be a regulated financial services provider, has been identified as potentially deceptive and fraudulent. The Securities and Futures Commission (SFC) of Hong Kong has issued a warning, stating that despite using Hong Kong bank accounts for settlement, GSG Forex is not registered with them.Moreover, the company falsely asserts to be regulated by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) and the National Futures Association (NFA). These claims are misleading because FINTRAC does not oversee currency pair trading, and GSG Forex is not a member of the NFA.As a result, engaging with GSG Forex carries significant risks, including fraud and identity theft. To mitigate these risks, we advise avoiding GSG Forex and similar unlicensed trading platforms. Instead, consider opting for platforms that are fully regulated. This will provide you with more security and peace of mind in your trading activities.
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