GMT Trading (gmttrading.io) is selling itself as the best place to trade the financial markets. Don’t let the tag fool you, this is another well-laid-out scam. GMTTrading is not precisely what it seems to be; in fact, the opposite. The platform will let you trade and earn profit but won’t allow members to withdraw. And that’s the biggest issue we have with gmtrading.io. The platform is a complete hoax. Here’s more in our clear GMT TRADING REVIEW.
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The platform claims the goal is to create a safe environment for trading. Unfortunately, the complaints we are seeing are impossible on the platform. No one has had the chance to withdraw funds from this platform for the past few weeks.
We are trying to get a response from the platform has also proven futile. The platform is silent and doesn’t want to respond to withdrawal queries. Therefore, we believe GMT Trading is another exit scam and will leave the market soon.
Those who have signed up with the platform can only hope someone will intervene. But unfortunately, it seems the platform is hell-bent on blocking all withdrawals. Simply put, you won’t get even a penny from the platform.
The creators did an excellent job convincing investors of the mission and objectives. As a result, we have a trading platform with all the features of an open trading platform. It even has a commendable trading terminal.
What the platform hides from members is the most critical aspect of trading, profits. Unfortunately, the platform failed to convince us that it didn’t know what was about to happen. There are countless other trading scams like this one.
You won’t get to see their background and history. The platform hides this information to protect itself from the backlash from traders. So make sure you stay away from the platform or risk losing everything.
Before you invest in any trading platform, research it first. Then, try to get all the information needed to convince you to sign up. Failure to do so might result in another forex investment scam victim.
We must weigh the pros and cons of investing and trading with gmttrading.io. The best way to go about it is using an expert and newbie’s eye. These two will be the best way to research a platform before signing up.
What beginners see when they land on the homepage is a well-groomed trading platform. Everything seems legit from the moment they decide to move forward. However, as an expert, there are some steps to consider before engaging with a platform.
And this is why our GMTTrading review will help you learn the ropes. You should be checking these features to guarantee safety when trading. Our years of experience taught us no platform would tick all the boxes.
One of the things that make GMT Trading ideal is the fact that it uses a commendable platform. Experts recommend using MT4, MT5, or SIRIX trading terminals if you’re trading. These terminals offer advanced tools and give you a lead on trading.
In this case, we have the MT4 trading platform, which is one of the best. The terminal is fast at executing trades and offers advanced tools. These tools include market analysis tools and technical indicators.
There are six accounts to choose from, ranging from beginner, skilled, to expert level. These accounts include Basic, Standard, Silver, Gold, VIP, and Pro. Let’s take a closer look at what each account offers traders;
Basic
It’s the account set aside for beginner traders. You have to deposit a minimum of $250 and enjoy maximum leverage of 1:200. Members get up to 25 percent margin loans and a one-week MAM account.
Standard
Leverage is the same for the standard account holder, 1:200. Members must deposit a minimum of $10,000 to get started. You get daily news and access to a trading academy. Members also get an account manager and one monthly MAM account.
Silver
The leverage remains the same for silver account holders as the first two accounts, 1:200. Interested parties have to deposit $50,000 to get started. There are staking options available and a three-month MAM account.
Gold
You have to deposit $100,000 to get started with the gold account. Leverage is still at 1:200, with members enjoying a 6-month MAM account. In addition, you get BNB staking options and access to an account manager.
VIP
With the VIP account, members enjoy maximum leverage of 1:300. A minimum deposit of $250,000 is needed to enjoy the features. Some of the features include getting managed portfolio and a VIP advisor.
Pro
Leverage is 1:400 for this account which targets expert traders. The account also targets institutional investors. Members get a promise of earning higher payouts and a permanent MAM account. USDT staking is available for pro account holders.
We can tell from the word go that the platform doesn’t concern itself with set industry regulations. As a result, leverage is way above the industry recommended amount of 1:100. Which means the platform puts your trading position at risk.
If you place the wrong trade, you risk losing a large trading volume. The benefactor of it all is the platform. You also don’t get any negative protection from the platform. And what about the available spreads? The platform also fails to mention spreads.
These are nothing but call agents hired to pose as account managers. The call agents will call and claim to have a lucrative open position. Instead, the agent claims it’s a limited slot to make it sound interesting, and you’re the lucky member.
If you mistake depositing more funds, that’s the last you will see of your investment. The platform is quick to replace the account manager with a new one. Attempts to get answers from the platform will hit a wall.
There’s little information provided regarding who owns or runs the platform. And that makes the platform a hard nut to track. In addition, the owner wants to remain anonymous as the plan is to exit the market with members’ funds.
An anonymous platform is the last option you would want to find yourself investing with. Even recovery agents don’t have a clue where to start. The platform will move funds once you deposit them to an offshore account.
Most clients are unhappy with the outcome. None of them wants even to think it’s a reality after investing. Some clients invested over $250,000 in staking and haven’t recovered a cent. This is after the vesting term is complete.
GMT Trading is not a legit trading platform. Please stay away from the platform or risk losing it all. Also, make sure to stay away from unregulated platforms. How? By checking with regulators to confirm the legitimacy of a platform.
Please avoid gmttrading.io as it’s a scam waiting to pounce on investors.
NOTE: Go for expert-backed crypto investment options that guarantee a safe investment environment.
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