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GSM -

Score

1.53 /10
Danger

GSM

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.gsmfx.net

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Comparison

Quantity 34

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.13

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Grand Signal Markets Limited

Company Abbreviation

GSM

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2025-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 34 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

34 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

He's a con man.

He's a crook. He closed my account and there was 4000 dollars in it

FX1212733337
2023-01-14 06:50
Scam

serous fraud

from internet far east people scamming europian it seems like the company register in uk but reality after police review is scam and fraud chiness man behind it . don’t trust this scammer i have lost lot with them . totally fraud .

OM 6551
2024-02-19 21:48
Unable to Withdraw

Seek justice

During the time I was investing on this platform, I made about $51000, GSM formally called wintersnow using their online platform, I was unable to withdraw. My deposit was swiftly transferred to my wallet when I submitted a chargeback through Cyb3rNub/net . my account manager executed trades without my knowledge because I have little knowledge of trading. This company have scammed a lot of people and they are not stopping soon

FX57947855
2023-01-06 02:16
Unable to Withdraw

fraud is group of people

I was contracted by Viber to register the group as they have over 200 people crowed group everyone talking about it how great platform is it . girl calm Wendy contract me and talk to her lots of time over the phone also I was convince to invest over all for Rocket project I hav invested £50000 and start trading with company call Wintersnowx . after few weeks is Chnage to GSM company still trading with MT5 and few weeks later it’s Change to OBFX and traded for month made 508 usd total . in return of withdraw they clear my account and block my account without access . all the money was vanish from account also . need support and help to recycler the funds as well as warn to people about fraud . this company and group of people play some game to take your money . simply they are farud . Wintersnowx WintersnowFX . GSM OBFX this all Company are same and they all fake and fraud . I have full pack of evidence for communication , emails , MT5 account details and account details . also evidence of company and money deposit through BInace . I hope I will get some help .

OM 6551
2023-01-22 12:49
GSM · Company summary
GSMReview Summary
Founded2019-10-23
Registered Country/RegionUnited Kingdom
RegulationSuspicious Clone
Market InstrumentsPrecious metals/Stock index futures/Crude oil
Demo Account/
LeverageUp to 1:200
SpreadFrom 0.0 pips
Trading PlatformMT5(PC)
Min Deposit$100
Customer SupportPhone: +44 2084 323 088
Email: info@gsmfx.net

GSM Information

Registered in the United Kingdom, GSM is a brokerthatprovides investors with precious metals, stock indices, futures, crude oil, and other internationally popular trading products. The tradable instruments with a maximum leverage of 1:200. The broker also provides three accounts with a maximum leverage of 1:200. The minimum spread is from 0.0 pips and the minimum deposit is $100. GSM is still risky due to its suspicious clone status, and bad reviews about stock fraud.

GSM Information

Pros and Cons

Pros Cons
Leverage up to 1:200Suspicious Clone
MT5 availableInaccessible official website
Spread from 0.0 pipsStock fraud
Unspecific transfer time and fee information
No 24/7 customer support

Is GSM Legit?

GSM is regulated by ASIC with license number 001281851, but the current status is 'suspicious clone'.

Is GSM Legit?
Is GSM Legit?

What Can I Trade on xx?

xx offers various market instruments, including precious metals, stock index futures, crude oil, and more.

Tradable Instruments Supported
Crude Oil✔
Stock Index Futures✔
Cryptocurrencies✔

Account Type

GSM has three account types: classic, pro, and VIP. Traders who want low leverage can choose classic and pro accounts, while those with a sufficient budget can open a VIP account.

Account Type ClassicProVIP
Minimum deposit$100$100$5000
Spreads from1.6 pips0.0 pips0.0 pips
Max leverage1:2001:2001:200
Min. lots0.010.010.01
Commission$02 per side per 100000 traded1 per side per 100000 traded
Swap-free Islamic account option✔✔✔

GSM Fees

The spread starts from 0.0 pips, the commission is from $0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:200 meaning that profits and losses are magnified 200 times.

Trading Platform

GSM cooperates with the authoritative MT5 trading platform available in PC to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.

Trading PlatformSupported Available Devices Suitable for
MT5✔PCExperienced traders
Trading Platform

Deposit and Withdrawal

The minimum deposit is $100. However, the official website is inaccessible, so transfer processing times, methods, and associated fees are unknown.

News

ExposureWikiFX Review: What you should know about GSM?

The exposure on WikiFX about the broker is a red flag. It may be alerting you that the broker is dangerous!

WikiFX
2022-09-28 16:28
WikiFX Review: What you should know about GSM?

NewsWikiFX Review: Why does GSM catch many traders’ attention recently?

Recently GSM has become a trending topic in forex markets. What is the relationship between GSM and WinterSnow Limited? WikiFX made a comprehension review on it to help you better understand this broker. we will analyze the reliability of this broker from specific information, regulation, exposure and etc. Let’s get into it.

WikiFX
2022-08-30 10:46
WikiFX Review: Why does GSM catch many traders’ attention recently?

ExposureWintersnow Ltd Changed Its Name to GSM Ltd After Being Exposed?!

It was just last week when WikiFX reported that Wintersnow Ltd could have bought fake followers to boost its Twitter account. Unbeknownst to many, now the Wintersnow Ltd's Twitter account is gone within a week since our article. Keep reading to see what could have happened.

WikiFX
2022-08-19 19:00
Wintersnow Ltd Changed Its Name to GSM Ltd After Being Exposed?!
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User Reviews

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User comment

10

Comments

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Agrama
more than one year
I am being scammed by the Grand Signal Market platform where I deposited my money because they are making it difficult to withdraw my money. When I asked for a refund of 4150 dollars, they demanded to pay 622 dollars in taxes 15% in favor of the Central Bank of Saudi Arabia, then after that they asked to pay 290 dollars, a difference of 7%, then for the third time they demand to pay 830 dollars, 20% cybercrime insurance Please Help me
I am being scammed by the Grand Signal Market platform where I deposited my money because they are making it difficult to withdraw my money. When I asked for a refund of 4150 dollars, they demanded to pay 622 dollars in taxes 15% in favor of the Central Bank of Saudi Arabia, then after that they asked to pay 290 dollars, a difference of 7%, then for the third time they demand to pay 830 dollars, 20% cybercrime insurance Please Help me
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2022-11-04 21:09
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Rymond Lus
more than one year
Getting money in and out is no sweat, but verifying your account takes forever.
Getting money in and out is no sweat, but verifying your account takes forever.
Translate to English
2024-08-07 14:24
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34