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Grey CM

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Operating status: SCAM

Website: https://greycm.com/

Broker violations and abnormal records
  • 2024-09-10 BrokersView has reviewed that Grey CM is an unregulated broker

    The website of Grey CM is designed simply, with internal links directing visitors to different parts of the homepage, providing limited information about the company and its products. This is not a good sign.

    The broker claims that it "has the right to do online trading," but only purports to be registered in St. Lucia to support that claim. It is critical to note that St. Lucia is an offshore center known for its lax regulation. More importantly, the country does not license forex trading.

    In essence, Grey CM is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Grey CM appears to be a scam.

    The website of Grey CM is designed simply, with internal links directing visitors to different parts of the homepage, providing limited information about the company and its products. This is not a good sign.The broker claims that it "has the right to do online trading," but only purports to be registered in St. Lucia to support that claim. It is critical to note that St. Lucia is an offshore center known for its lax regulation. More importantly, the country does not license forex trading.In essence, Grey CM is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Grey CM appears to be a scam.

Related Complaints

Q&A

Help please, I'd like to know if Grey CM is legit.

Songe Mbalo
Cuba
2024-09-12
ANSWER Dear Investor,We are concerned that Grey CM may be a scam.The company does not provide valid licensing information to substantiate its claim of being authorized, except for an alleged registration in St. Lucia. However, an offshore registration offers minimal protection, and this jurisdiction does not license forex trading.Therefore, Grey CM is not regulated, and we strongly suggest you avoid using it. For a safer trading environment, we recommend choosing fully regulated brokers instead.
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