Score
New Zealand
|
5-10 years
| https://gppmarkets.co.nz/
Website
Rating Index
New Zealand
gppmarkets.com Australia| Feature | Information |
| Company Name | G-IMFCH |
| Registered Country/Area | New Zealand |
| Founded Year | 5-10 years |
| Regulation | FMA, FCA (Suspicious Clone) |
| Customer Support | Phone at +64 9 281 2012, 4006898502; email at info@gppmarkets.com and info@gimfch.com; QQ contact: 800068685. |
What is G-IMFCH？
G-IMFCH is a forex broker ranked 764th globally. It claims to be regulated by 2 financial authorities, but the regulatory status of both is displayed as “Suspicious Clone”. We also found 18 risks associated with G-IMFCH and received 36 complaints about it. With a high number of complaints, questionable regulation, and low ranking, G-IMFCH appears to be a risky choice for forex trading.
Additionally, you should notice that the official website of G-IMFCH, https://gppmarkets.co.nz/ is currently encountering functionality problems.
Regulatory Status
G-IMFCH's regulatory status is concerning. Both regulators listed, the Financial Markets Authority (New Zealand) and the Financial Conduct Authority (UK), have classified G-IMFCH as a “Suspicious Clone” with regards to their regulatory licenses. This means the legitimacy of the licenses claimed by G-IMFCH is in question.
Warning
G-IMFCH, with 13 associated brokers, faces the risk of brokers absconding, which could impact its operations. Assessing the past business history and risk profile of these brokers is crucial for making informed decisions. MetaQuotes data provides insights into broker relationships.
Additionally, a high number of complaints against G-IMFCH itself suggests potential problems. Consider these factors when choosing a broker.
Pros & Cons
| Pros | Cons |
| N/A | Suspicious Clone status |
| High number of complaints | |
| Risk of associated brokers absconding |
Pros:
N/A
Cons:
Suspicious Regulatory Status: Both financial authorities listed for G-IMFCH (New Zealand and UK) have classified it as a “Suspicious Clone” regarding their licenses. This raises serious concerns about the legitimacy of their claimed regulatory oversight.
High Number of Complaints: With 36 reported complaints, G-IMFCH has a concerning track record. These complaints could indicate issues with customer service, platform functionality, or potential unfair trading practices.
Risk of Associated Brokers Absconding: G-IMFCH is associated with 13 other brokers. “Absconding” refers to a broker suddenly shutting down and disappearing with client funds. Having a high number of associated brokers raises the possibility that some might have a history of such practices, which could indirectly impact G-IMFCH's own stability.
Customer Service
G-IMFCH offers phone support through two numbers: +64 9 281 2012 and 4006898502. Additionally, they provide customer support through two email addresses: info@gppmarkets.com and info@gimfch.com. They also have a QQ contact: 800068685.
Conclusion
G-IMFCH is a low-ranked forex broker with concerning regulatory status. Both New Zealand and UK authorities have classified it as a “Suspicious Clone” raising doubts about their licenses. Additionally, a high number of complaints and associated brokers suggest G-IMFCH is a risky choice. Despite offering phone, email, and QQ customer support, the downsides outweigh any potential benefits.
Frequently Asked Questions (FAQs)
Question: Is G-IMFCH a reliable forex broker？
Answer: There are significant concerns about G-IMFCH's reliability. Regulatory authorities in New Zealand and the UK have classified them as a “Suspicious Clone,” casting doubt on their licenses.
Question: Are there any advantages to using G-IMFCH？
Answer: Currently, there are no clear advantages to using G-IMFCH as a forex broker. The significant downsides outweigh any potential benefits.
Question: What are some alternatives to G-IMFCH？
Answer: Considering the concerns about G-IMFCH, it's highly recommended to explore other forex brokers. Look for brokers with a strong reputation, clear regulatory oversight, and a good track record.
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夜风铃
China
This broker still exists. And it has been three years since I can’t withdraw funds.
Exposure
FX2436577075
China
Have no access to http://www.g IMFCH.net. No one answered my phone calls and QQ messages.
Exposure
FX2114061651
China
G-IMFCH can’t withdraw money, and it’s useless to communicate with customer service all the time. It has been delayed in 2018 and has not been able to withdraw money until now. The platform said that it was due to national foreign exchange control and the funds were frozen. There was USD20,000 in my account that could not be withdrawn, not to mention the loss of principal, who can help withdraw?
Exposure
啟木木
China
The withdrawal is unavailable for months. No one coped with it.
Exposure
A李杰
China
How to withdraw the fund in G-IMFCH ? The customer service keeps holding off.
Exposure
A李杰
China
Both the withdrawal and customer service are unavailable. Is there any solution?
Exposure
FX2469661033
China
The agent of GPP did everything to induce investors’ fund.The customer service was just tools for scam.The key point:a fraud company,located at Room 609, CEB building, north Tianhe road, Guangzhou,.in which my withdrawal hasn’t arrived for one year ,is still cheating for others’ money.I have been to the company,in which workers have several Wechat numbers and even men dresses as women.Call the police if you are cooperating with this company.
Exposure
nerver say nerver
China
The salesman said the company haven't paid his salary for six months,while their boss is traveling around the world.I hope you don't be cheated.
Exposure
吉星高照50866
China
Gao Peng is a cheater who refused my application of withdrawal. But it’s said that someone has already withdrawn his money, he reported the cheater to the police, since his relative works in a public security bureau.
Exposure
小明49233
China
GPP deceives investors and gives no access to withdrawal.Please be wisely and avoid being cheated.
Exposure
郝
China
I can’t withdraw on G-IMFCH. It’s been 3 months since I applied for a withdrawal of $2637 on February 25th. Here is the chat history: 2019-05-27 Mr. Hao 21:07:36 Hello, I can’t withdraw for 3 months. How do you gonna explain this? 21:07:37 Hello, General Service 3 is on service. Mr. Hao 21:09:42 Explain this. General Service 3-Huarui International 21:09:52 Currently the withdrawal requests are restricted, so there would be a long time to wait. We will follow up your request and make haste. Mr. Hao 21:10:23 You people keep finding yourself excuses. Are you going to reject my request? General Service 3-Huarui International 21:11:59 Of course we will process your request. Currently, there would be a long time to wait. We will follow up your request and make haste. Mr. Hao 21:12:56 I’ve been driven mental by my loaners. General Service 3-Huarui International 21:14:35 We will follow up your request and make haste.
Exposure
窝窝团
China
Their register page is missing and website inaccessible. I can’t withdraw ever since last year December. I’ve got $1419 in my account.
Exposure
兰亭恋®
China
I applied for withdrew $100 on March 5 nearly two months ago, but the request isn’t approved. Though the money is small, I doubt the credibility of this platform. Every time they told me that they would follow up the application, promising me to credit the money. They gave the same excuse every time of channels for withdrawing money being restricted. I don't know what restrictions there are. It takes at most one day for other platforms to credit money. It is clear that Global IMFCH can’t afford to credit money. If the customers who have invested tens of thousands or even hundreds of thousands of dollars can’t withdraw money, that will be a big loss. I hope that the relevant departments can manage such behaviors in a timely manner. They seem liars and I hope that more people will not be fooled. When I traded on the platform at the beginning, I gave it a highly praise with fast channel for withdrawing money. But that didn’t last long. After 2019, I am unable to withdraw money. I hope that you will not be fooled again. I doubt whether the boss is not running money.
Exposure
【张博学院首席】金城
China
Money was applied to withdraw more than 4 months ago but has not arrived yet. I consulted the customer service personnel, they always delayed the problem. GPP’s salesman doesn’t reply me. Only the online customer service personnel would reply, but the problem also can’t be solved. The platform still doesn’t allow me to withdraw money.
Exposure
FX4939595235
China
GPP is raising funds to run, and money can only be deposited in. In Beijing I know that there are more than 100 clients can not withdraw their money
Exposure
FX2469661033
China
I applied for withdrawing money in September last year but the application has not been reviewed. The customer service personnel still said that there is no problem with depositing. Depositing has been no problem while withdrawing money has. They will cheated people as possible as they can. The agent also exchanges statements again and again. Now the agent platform says that the old client has to wait slowly, and the new clients can withdraw money. I understand that these platforms know that you don't want to continue to invest, so they will use various methods to make your money impossible to withdraw! ! ! fraud platform
Exposure
FX2469661033
China
The withdrawal in GPP hasn’t been received for 4 months.The customer service keep holding off time.Their credit was exhausted.
Exposure
普通朋友
China
The withdrawal in G-IMFCH hasn’t been received for 1 month,The customer service didn’t approve the request and told that he had urged it for me.Today,I got the same respond by QQ service! How can we rest assure to cooperate with you?
Exposure
FX6509423128
China
G-IMFCHdoes not allow me to withdraw money. It has been more than a month now. I have contacted them many times, but the money is till unavailable
Exposure
【张博学院首席】金城
China
The fund has been out for half a month, but it has not arrived.Consult a client to always procrastinate, said passageway appeared a problem, do not give gold intentionally namely, bring about a problem, latent run a road
Exposure
FX6009945542
China
I can’t withdraw on G-IMFCH now. Their customer service keeps delaying me. This is my chat record with them:
Exposure
FX9759626080
China
The withdrawal applied on September 4th is still in audit now.Sometime,the website is disabled.Don’t be cheated.
Exposure
FX3059223302
China
It’s been half a month since I applied for a withdraw. They have been delaying me all the time.
Exposure