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Grayscale Forex

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Operating status: SCAM

Website: https://www.gsfxltd.com/

Broker violations and abnormal records
  • 2023-10-26 BrokersView has reviewed that GrayScale Forex is an unregulated broker

    GrayScale Forex uses a website design that is identical to another scam broker DBRS Morningstar's. The content including the regulatory information provided by this template is fake as a result.

    The claim that GrayScale Forex is registered with and licensed by many regulatory bodies, including the National Futures Association (NFA), the Australian Securities and Investments Commission (ASIC), the New Zealand Financial Markets Authority (NZ FMA), the Vanuatu Financial Services Commission (VFSC), and the Seychelles Financial Services Authority (Seychelles FSA), is false as our extensive searches through these regulators' registers have failed to yield any evidence of its legitimacy. 

    What's more, GrayScale Forex claims to hold an MSB (Money Services Business) designation in the US. However, a search on the Financial Crimes Enforcement Network (FinCEN) website revealed no records to support this assertion.

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

    GrayScale Forex is unequivocally a scam.

    GrayScale Forex uses a website design that is identical to another scam broker DBRS Morningstar's. The content including the regulatory information provided by this template is fake as a result.The claim that GrayScale Forex is registered with and licensed by many regulatory bodies, including the National Futures Association (NFA), the Australian Securities and Investments Commission (ASIC), the New Zealand Financial Markets Authority (NZ FMA), the Vanuatu Financial Services Commission (VFSC), and the Seychelles Financial Services Authority (Seychelles FSA), is false as our extensive searches through these regulators' registers have failed to yield any evidence of its legitimacy. What's more, GrayScale Forex claims to hold an MSB (Money Services Business) designation in the US. However, a search on the Financial Crimes Enforcement Network (FinCEN) website revealed no records to support this assertion.In essence, GrayScale Forex is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. GrayScale Forex is unequivocally a scam.

Related Complaints

Q&A

Hedging allowed on Grayscale Forex?

Fatemeh Virmani
New Zealand
2023-11-22
ANSWER Our investigation has revealed that Grayscale Forex is an investment fraud scheme, and we strongly advise against engaging with it.Grayscale Forex appears to be linked to another scam operating at dbrsco.com, as evidenced by their identical website designs and shared information. Despite its claims of being multi-regulated, Grayscale Forex is not registered with any financial regulatory bodies. This combination of lies and false information exposes their intention to defraud.Engaging in trading with Grayscale Forex could expose investors to fraud and identity theft, which could have devastating financial and personal consequences. To avoid such risks, we always recommend opting for fully regulated brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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