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Tell me something about GT Markets' regulation plz.
Siyabonga Semenya
St.Helena
2023-07-20
ANSWER GT Markets, upon our investigation, turns out to be a non-regulated broker.GT Markets claims to operate under the jurisdiction of Vanuatu and asserts that it is authorized and regulated by the Vanuatu Financial Services Commission (VFSC) under the Firm Reference Number 14801 with the legal name of Pure M Global LTD. While we found corresponding records in the VFSC registry, it is important to note that the company is not licensed as a financial dealer and thus not regulated by the Vanuatu financial watchdog. Mere registration with the authority doesn't imply the authorization to legally provide investment services.Therefore, we suggest investors steer clear of GT Markets due to its status as an unlicensed broker. Without regulatory oversight, it poses significant risks to investors' funds and personal information. To mitigate such risks, it is advisable to verify a broker's authorization and choose a fully regulated platform.
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