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.

A leverage of 1:400 is a sign of a lack of proper regulation in many jurisdictions. For example, it is limited to 1:30 in the EU and in the UK.

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.

FAQ

What are the key facts about GMZ Global?

The owners of the site do not disclose their names or the history of the project. In addition, Venom Group LTD, the company that allegedly runs the site and is based in the UK, is not related to the platform and does not have a UK brokerage license. As for the offshore license and brand registration on the Autonomous Island of Anjouan, Union of Comoros, there are no supporting documents or links to them on the official website of the brokerage firm.

What's the risk to my wallet when working with this broker?

Despite the likely presence of an offshore license, this platform still poses a high risk to users as the firm provides unverified, questionable statistics and false information about its London headquarters. Moreover, the majority of traders, more than 75%, lose money in margin trading. These statistics show that losses increase manifold with increasing leverage.

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