✔️ Information reviewed and updated in February 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in GEMFOREX. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about GEMFOREX and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websitegemforexglobal.com
🏠 CompanyGEMFOREX LTD
RegulatoryFSA
📧 EmailDoes not have
📈 LeadingMT4–MT5
📌 AddressVistra Corporate Services Centre, Suite 23, 1st Floor, Eden Plaza, Eden Island, Mahe, Republic of Seychelles

⚠️ GEMFOREX is owned by GEMFOREX LTD, the company is located in Seychelles, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. ⚠️

Account types

Now we will analyze the types of accounts offered by GEMFOREX, in this case, we observe that it offers 3 different types of accounts:

Account typeMinimum initial deposit
All in One$50
Raw$3,000
Elite$3,000

Information on the web

GemForex website

GEMFOREX provides a basic explanation of the financial products it offers, market news and analysis, economic calendar, asset calculator, really not much more than this.

List of phone numbers

At the moment we have not found phone numbers.

🚫 GEMFOREX Final Valuation 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH GEMFOREX.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

Updates

News about GEMFOREX:

Date Update – news
-No news at the moment

User Reviews

What do you think of GEMFOREX? What has been your experience?

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with .

At the end of the review you will find customer comments.


How to Claim Money scammed by GEMFOREX

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report GEMFOREX

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

How can I report GEMFOREX?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is GEMFOREX a scam – is it a scam?

Yes. We believe that GEMFOREX is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is GEMFOREX trustworthy?

No. GEMFOREX is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from GEMFOREX?

If you want to know how to recover your capital, you can see it is located here. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to GEMFOREX?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «Is GEMFOREX a scam? Opinions of 2023»

  1. Genesis Reply

    They want me to invest with them, but I don't want them to steal my money or rip me off. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hello Genesis, thanks for writing about GEMFOREX. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

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