The brokerage firm Venom Group LTD, which operates this resource, offers “fantastic opportunities” to help customers “take their trading to new heights.” According to the information on the website, this offshore organization based in Comoros is regulated by the Anjouan Office (AOFA). However, the project is not licensed in other jurisdictions.
Can you effectively and safely trade on this platform? We will try to figure it out. Read in our GMZ Global review what this broker is and whether you should trust it with your capital.
How to Trade
The company promises to “revolutionize the world of CFD trading”. It offers clients trading on GMZ Global’s proprietary Webtrader platform. Here you can find:
- 4 tariffs plans.
- 6 instrument classes, including Forex and crypto.
- More than 430 types of assets.
Important information about the minimum deposit amounts for each tariff and spreads is hidden from users. Meanwhile, some fees are specified in the Terms of Use.
Additional services include educational materials, market analysis and trading guides, which are available only to registered clients. Quick communication is provided by online chat.
GMZ Global Vital Info
The duration of the brokerage firm’s operation is not disclosed on the website, although this is an important aspect for clients. It is worth noting that the official website of this company contains information about more than 18 thousand successful traders, offices in 7 countries, and work in 42 jurisdictions. However, all this information raises serious doubts in us, since not a single document confirms it. In addition, the domain was created only in May 2024, which indicates a short lifespan of the project.
The intermediary gets confused in its headquarters. So in the footer of the site, the legal address is indicated on the Union of Comoros, and in the FAQ section — in London, UK. Indeed, Venom Group LTD is listed on the UK Register of Legal Entities, but does not engage in brokerage activities. Regarding the Anjouan Financial Commission license number L15739/XGLTD GMZ Global, we were not able to enter the AOFA register. In any case, even if this license does exist, it does not provide any protection to residents of other jurisdictions living outside this offshore zone.
I chose this intermediary among many forex brokers and I was wrong.... I believed that Gmz global has a license, although it means nothing, as it turned out. Commissions here are huge, the platform is primitive. This firm loves clients' money, but they don't like to give it back!!! Crooks do not return my deposit of 380 euros and no regulator can help me...
I work with this broker on Webtrader. There is a variable level of success. However, I consider the main condition for earning profits and withdrawing my funds on this “B-book” platform is my promises to my managers that I will deposit when earning income and when withdrawing funds quickly. I add some money to the deposit after a successful transaction, when funds arrive to my cryptocurrency wallet. They think they are the most cunning, but there are people more cunning than them :) Of course, such mutual deception can't last long, but I like narrow spreads and adequate commission. However, serious delays with withdrawal of funds started recently. The support team is silent, not explaining anything to my inquiries. I am waiting for my £1,300 for the second week and I don't like it anymore. I am looking for a more honest broker that has genuine UK registration and has been around for at least 5 years. I will note that gmzglobal.com has earned a three-star rating...
I prefer automated trading using the company's proprietary EA. I opened an account at gmzglobal.com because I like to diversify my trading and the broker doesn't prohibit me from using a variety of strategies. It allows hedging, there are no restrictions on the minimum time and number of points to close on this platform. The range of available assets is diverse. Not every Forex broker supports trading in six asset classes! In addition, it is convenient that money can be withdrawn to cards and e-wallets. I trade mainly through GMZ GLOBAL at the moment, and time will tell what I will do next.
This broker is a scammer. You will be left without money and the fraudsters will be right. They lured me with several successful trades at first on minimum deposit, and when I deposited another 2,800 dollars into my account, the scammers advised me on a risky trade which turned out to be a failure. I don't advise you to even try trading at gmzglobal.com. Look for another, more reliable company.
The platform sucks! The terminal slows down so terribly that it is impossible to trade :( I tried to work here and realized that I got into a scam. I lost my entire minimum deposit, $250, in a couple of days. You will not earn anything here!
The broker tells us that this one is regulated. However, Gmz global's license is a complete fake, starting with the regulator and ending with trader protection. That is why such dubious companies get cheap AOFA license. Meanwhile, even tech support operators laugh at the naive statements of traders who threaten to sue the regulator for damages.
I found here three components necessary for successful trading: fast order execution, reliability, fast withdrawal. Orders are executed instantly thanks to the connected virtual server on SSD disks. The Financial Services Commission AOFA controls this brokerage activity, and therefore you have the opportunity to file a complaint about possible violations of the trading rules of this intermediary. Withdrawals are made here using different electronic payment systems or to a bank card. I have been working with the broker for a couple of months so far, I haven't had any problems, but I have heard some negative feedback from traders about GMZ GLOBAL.
I will tell my story of cooperation with GMZ Global so that no one believes in their promises. I invested $15,000 and everything was great until I wanted to withdraw my profit. And then the problems started all the time: identity checks, delayed withdrawals, eventually the company blocked my account and stole my money. Be smarter, bypass this scam!
I decided to check my balance and my GMZ GLOBAL account was empty, much to my surprise. Curious, isn't it? And this is after I earned about 15% of my deposit amount ($3.48k) in the last couple of months . Apparently these crooks liked my profit too, since they took it so easily.
I do not advise anyone to get in touch with these crooks! I invested here 1,260 dollars, and never saw a single % profit, and when I tried to collect something, my account was suddenly frozen. GMZ GLOBAL employees did not explain the reason, they do not answer emails. This is a scam, no other way.
The analysts of this scam project advised me trades with a total loss of 70% on a deposit of 4,000 euros. Their main advice is that the larger the volume of the trade, the higher the profit will be.
The scammers have thought out every detail on this site! They even made the trading terminal so that beginners can not understand it and we have to ask for expert help, which then turns into a loss of money. The developers took educational materials from the first site they came across on google, the commissions here are exaggerated and hidden debits from the account occur regularly. This is what I have encountered during three weeks of cooperation with gmz global!
Most brokers are self-regulated companies and are controlled by supervisory authorities only on stock exchanges. If a dispute arises when trading on the foreign exchange market, the broker itself will handle the claim. As a rule, such disputes are resolved in favor of the company. GMZ Global is regulated by the supervisory body AOFA with regard to Forex market rules, and external audits are conducted regularly in this company to verify compliance with regulatory obligations. Hopefully, this is a strong argument in favor of this firm. How does it perform? I can't say anything bad yet, I'm testing the terminal on the minimum deposit amount...