Today’s GSBIZ review will provide details about another anonymous online trading scheme on the market. There are many, so don’t despair if you trusted this one.

Instead of dwelling on the issue, find out all the relevant information here. Then, learn how to recover the money you lost.

Is GSBIZ Legit or Another Scam?

If we were to trust everything that fake brokers tell us, we’d think this is the most legitimate company out there. GSBIZ broker presents us with two regulation certificates from the UK FCA and Australian ASIC. However, none of them is related to GSBIZ scam.

The UK certificate belongs to GSM Financial Services Ltd, a firm trading as 360 Mortgages NI. The second one is from G&S Financial Solutions Pty Ltd, operating as Armstrong Financial Advisers. While the firm promises protection from National Australia Bank, we’re certain they wouldn’t keep deposits of fraudulent brokers.

With this in mind, we will proceed cautiously and check what else this brokerage has lied about.

Traders’ Reviews – Investors Share Their Experience

Surprisingly, there are no GSBIZ reviews from genuine users. This tells us that the brokerage firm operates under the radar. Considering that they registered their domain in April 2024, it’s just a matter of time before we see negative comments piling up. Or even better, regulatory warnings.

According to our website analysis tools, the company mainly operates in:

• Turkiye,
• Cyprus,
• United States,
• Germany,
• Myanmar

If you have any experience with this firm, don’t hesitate to share it with us.

How Does the Scheme Work?

Typically, unregulated brokers establish so-called boiler rooms or offices filled with agents who are ready to pester their victims all day long.

Once you register for trading via social media or Google ads, you’ll be called a thousand times a day. If this sounds familiar, it’s because all those agents work on commission. The more victims they bring in, the better the pay.

If you eventually fall for their sweet talk and invest any amount, you’ll be put through to the alleged professional financial adviser. But here’s the catch: unregulated firms cannot employ legitimate financial experts.

Nevertheless, once you start investing, they’ll constantly ask you to add more money, all with the idea of achieving your financial goals. Don’t be surprised to see them vanishing once you have nothing left to invest.

Available Trading Platforms

Every broker needs some sort of trading platform to maintain the appearance of a legitimate investment firm. However, most unregulated ones offer basic WebTrader. It’s the cheapest solution, and they don’t risk being exposed by partnering with reputable software such as MetaTrader or cTrader.

This WebTrader has two basic functions – buy and sell. Besides, you can set stop loss and take profit, and exit the trade once you’ve lost or gained a certain amount of money. When it comes to other options, such as EAs, copy trading, and more, none of that is available.

Another thing we’re missing is the GSBIZ app for mobile devices. Instead of trading on the go, you’ll have to log in via browser each time you want to check your trades or open new ones.