GMZ Global Continues Operations Via New Unauthorized Domain: Traders Struggle with Withdrawals

In February, BrokersView issued a significant risk alert regarding the disappearance of forex broker GMZ Global amid accusations of fraud and refund demands from traders. Previously, it was discovered that GMZ Global’s registered domain, https://gmzglobal.com, has been inaccessible since at least February, when traders reported they couldn’t access the site or contact the company via email.

An Indian trader recently submitted a complaint about a $200 withdrawal from GMZ Global that has been pending for over a month, despite the company’s promised 7-day processing period. According to the complaint, the victim opened a trading account with GMZ Global but received no response from the broker after depositing $200. 

Screenshots provided by the victim reveal a domain that differs from GMZ Global's registered domain with the Anjouan Offshore Finance Authority (AOFA).

The newly discovered website, https://gmzglobal.net/, displays the same licensing details as before. However, the domain is not listed in the AOFA’s registry, even though GMZ Global’s license with the AOFA is set to expire in June. This leaves no definitive proof that GMZ Global is currently operating with proper authorization.

The new domain, registered in December 2024, has been linked to reports of failed withdrawals and unresponsive customer service since February 2025, potentially leaving traders defrauded.

GMZ Global claims to be headquartered in London, United Kingdom, with seven offices globally. However, the FCA’s Financial Services Register does not include its operator, Xenom Group LTD.

Therefore, GMZ Global is currently engaging in potentially fraudulent activities through a new unauthorized domain. Traders are strongly advised to avoid this unregulated financial service provider and refrain from depositing any funds on the platform to prevent financial losses.