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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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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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The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.