Is GSPartners Global Legit or a Scam?
GSPartners Global is not a legitimate company. Despite their confident branding, a closer look reveals red flags and mounting complaints that paint a troubling picture. Before entrusting your hard-earned money to GSPartners Global, read this comprehensive review and decide for yourself: are they the gateway to financial freedom they claim, or a cleverly disguised trap?
What is GSPartners Global?
GSPartners Global presents itself as a one-stop shop for global investors. They boast trading in diverse assets, educational resources, competitive spreads, and dedicated account managers. However, their lack of transparency regarding their location and regulatory licensing raises immediate concerns. Their slick website might lure novice traders, but experienced investors will notice the missing pieces and question the legitimacy of their operation.
GSPartners Global Details
Regulated by: | Mwali Services Authority – Banking License |
Is This Company Safe? | No, it’s not safe |
Known Websites: | gspartners.global |
Warnings from: | BCSC, CSA |
Registered in: | Union of Comoros – Island of Moheli |
Operating since: | 2020 |
Trading Platforms: | Proprietary app |
Maximum Leverage: | N/A |
Minimum Deposit: | N/A |
Deposit Bonus: | No |
Trading Assets: | Cryptocurrencies |
Free Demo Account: | No |
How to Withdraw from This Company? | Considering that this investment firm is unregulated, you can reach out to your local financial authorities and our chargeback and crypto analysts for help. |
Deposits and Withdrawals
While GSPartners Global boasts various deposit methods like credit cards, wire transfers, and e-wallets, information regarding withdrawal processing times and potential fees is scarce. This opacity fuels speculation about potential withdrawal delays or restrictions, a common tactic employed by fraudulent brokers.
Account Types
GSPartners Global offers four account tiers with increasing minimum deposits and promised benefits. However, the lack of clear differentiation between features and trading conditions across these tiers raises concerns about whether the higher tiers offer any real advantages, or simply serve as a way to extract more money from investors.
Red Flags and Warning Signs
Like GSTrade, GSPartners Global is a division of GSB Gold Standard Bank Ltd. The Union of Comoros – Autonomous Island of Moheli is where the corporation is registered. The Mwali International Services Authority, the local government, has granted it a banking license. You are allegedly working with Swiss Valorem Bank, the license holder, according to the website.
In May 2023, the authorities eventually verified our suspicions. British Columbia’s provincial regulator formally warned GSB Gold Standard Bank Ltd. and its associated companies for engaging in securities advice and trading without the required authorization. The Canadian Securities Administrators reissued the same notification across the country. This answers everyone’s query about the legitimacy of GSPartners Global.
Customer Complaints and Negative Reviews
A quick search online reveals a disturbing pattern of complaints against GSPartners Global. Accusations include:
- Manipulation of trading platforms to trigger losses.
- Delaying or denying withdrawal requests.
- Aggressive and misleading sales tactics.
- Unresponsive customer support when issues arise.
These accounts, coupled with the lack of regulatory protection, should serve as a stark warning to anyone considering investing with GSPartners Global.
GSPartners Global Alternative Brokers
For a safe and trustworthy trading experience, consider reputable, regulated brokers like:
- eToro: A well-established platform with FCA and CySEC licenses, offering social trading features and diverse asset classes.
- Interactive Brokers: A highly regulated broker with low fees and excellent trading tools, suitable for experienced investors.
- IG: A reputable broker with FCA and ASIC licenses, known for its educational resources and user-friendly platform.
Always prioritize transparency, licensing, and a proven track record when choosing a broker. Your financial safety is paramount.
Got Scammed by GSPartners Global? We Help Victims!
If you’ve been the victim of GSPartners Global’s alleged fraudulent practices, there are resources available to help you. Consider seeking assistance from organizations like:
- Your local financial regulator: Report the issue to the relevant financial authority in your jurisdiction.
- Fraud reporting websites: File a complaint with online platforms like the Financial Conduct Authority’s Scam Action or the US Securities and Exchange Commission’s Investor.gov.
- Legal counsel: Consult with a lawyer specializing in financial fraud to explore your legal options.
Remember, you are not alone. By speaking up and taking action, you can help prevent others from falling victim to similar scams.
