CryptoGM is a name that has been making rounds in the world of online trading, and it is not a name that traders are associating with positivity. The brokerage firm has been the subject of numerous complaints and reviews that paint it in a negative light. In this article, we will review CryptoGM and analyze its services to determine whether it is a scam or a legit broker.
Is CryptoGM a Licensed Broker?
One of the first things traders should look for when selecting a broker is their licensing status. Regulated brokers are required to follow strict rules and regulations, which provide some level of protection to traders. Unfortunately, CryptoGM is not a licensed broker. This means that they are not regulated, and traders have no protection from any regulatory authority.
Why Should You Not Trust an Unlicensed Broker?
Trading with an unlicensed broker is a risky venture. Unlicensed brokers are not obligated to follow any rules or regulations and can act in their own self-interest. In most cases, unlicensed brokers tend to be scams that aim to defraud unsuspecting traders of their hard-earned money.
Can CryptoGM Be Trusted?
Based on the fact that CryptoGM is an unlicensed broker, it is not a trustworthy broker. The lack of regulation means that they can engage in any unethical practices, and there is no authority to hold them accountable.
What Do Traders Think About CryptoGM?
Traders who have had the misfortune of dealing with CryptoGM have nothing but negative things to say about the broker. There are numerous complaints online from traders who claim to have been scammed by CryptoGM. The common complaints include withdrawal issues, account closure without notice, and unauthorized trading.
Scammed by CryptoGM? – Talk To Our experts
If you have been scammed by CryptoGM, it is essential to seek help from experts who can assist you in recovering your funds. Our team of experts has years of experience in dealing with fraudulent brokers and can help you get your money back. Contact us today for a free consultation.