Table of Content
Grand Signal Markets Review – Learn More About This Broker
Table of Content
Grand Signal Markets, Modern foreign exchange markets are threatened by the unpredictability of trading environments and shady brokerage firms pretending to be legitimate brokers.
With professional guidance, it is possible to recognize and avoid scam brokers timely. For this reason, we have written this Grand Signal Markets review to enable your financial safety.
Speaking of the Grand Signal Markets broker (aka GSM financial group and ZH Global Limited), it is a classic investment scam with a bunch of lies and adverse conditions. For the sake of security, continue reading to learn more about this broker.
|Minimum Deposit||100 USD|
|Broker Type||Forex provider|
Is Grand Signal Markets Safe? Regulation and Security
Lying about licenses, regulations, and headquarters is usual for all fraudsters. In the same way, Grand Signal Markets deceives people by claiming to be registered in top jurisdictions (the UK and Canada) and licensed under the tier-one financial market regulator (Australian ASIC).
Also, this fraudster professes that is authorized by a fake financial monitoring agency—Canadian Securities Agreement. In reality, this phony broker can’t be found in the UK Companies House and the ASIC register and is not regulated by any Canadian provincial securities commissions.
As opposed to this, genuine UK-based brokers are certified by the British FCA (Financial Conduct Authority). Also, a forex provider operating in Canada must hold trading credentials issued by a federal financial authority (IIROC) and a respective territorial supervisory body.
In a nutshell, investing money with such a blatant broker scam as Grand Signal Markets is an inevitable financial failure.
In contrast, for the safety of funds, coverage against negative events, fair conditions, and other benefits, we recommend brokerage companies holding valid accreditations with FCA, ASIC, and BaFin, among others.
Trading Software Available
Following the same pattern, Grand Signal Markets allegedly provides the modern trading platform, MT5 (MetaTrader 5).
MT5 as a successor of MT4 (MetaTrader 4) is indeed one of the most advanced trading software in the industry, consisting of plenty of advanced tools such as copy trading, automated trading, and stop loss.
However, only legit companies utilize modern trading programs like MetaTrader 4, MetaTrader 5, cTrader, and Sirix. Unlike them, scam brokers give false promises and use manipulative trading software to smoothly defraud traders.
Accounts Types at Grand Signal Markets
Regarding trading accounts offered by Grand Signal Markets, there is no demo account. This option allows trading for free and without risks, enabling you to test trading conditions, platforms, and strategies. Since con artists can’t capitalize on a demo account, it can rarely be found in their offerings.
As for live trading accounts, this fraudster is not transparent about them. Anyhow, we are sure that its offer is comprised of unrealistic and fabricated terms of exchange serving the interests of this trading scam.
For example, let’s take into account its minimum deposit, 100 USD is an unnecessary risk when you can start trading for as low as 10 USD with a credible online financial trading company.
Grand Signal Markets Trading Instruments
When it comes to trading instruments at Grand Signal Markets, fraudulently imitating a real forex broker, it guarantees the provision of a range of tradable assets, including the following markets.
- Currency pairs: EUR/USD, GBP/CHF, CAD/AUD;
- Commodities: metals (silver, gold, platinum), agricultural products (wheat, sugar, corn), and energies (natural gas, crude oil, wind power);
- Indices: Russell 2000 Index, FTSE 100 Index, S&P 500 Index;
- Stocks: Tesla, Google, Microsoft;
- Crypto: Bitcoin, Litecoin, Dogecoin.
As mentioned earlier, you can expect manipulated trading conditions here. For instance, this dishonest scam broker offers tight spreads, starting at 0.0 pips and going up to 0.4 pips. Likewise, its leverage is 1:200, which is contradictory to its statements about headquarters and regulations. In the UK, Australia, and Canada, brokers must keep their leverage ratio below 1:30 (the UK and Australia) and 1:50 (Canada).
Methods of Deposit/Withdrawal
Deposits and withdrawals are the main challenges with bogus brokerage firms. The former is not an issue because every financial swindler can’t wait to lay hold of your money, while the latter poses a risk since there are no money withdrawal guarantees with an unlicensed broker.
Concerning funding methods at Grand Signal Markets, despite its claims to accept credit/debit cards and wire transfers, it is less likely. As a matter of fact, it insists on crypto payments because they can’t be canceled.
How Can I Get a Refund if Grand Signal Markets Stole My Money?
In case you are defrauded by the Grand Signal Markets scam, it is vital to be quick. The best course of action is to notify authorities, leave negative reviews, and apply for a chargeback. The latter is conditional on the payment method.
In this regard, credit cards and bank transfers are considered secure since they can be reversed. For example, refunds are possible with VISA and Mastercard within 540 days while bank transactions can be annulled until a transfer is approved.
On another note, crypto payments are regarded as unsafe since they are anonymous and irreversible. As such, a crypto wallet is preferred by a fraudulent broker.
Nevertheless, with cyber security experts, getting your money back is possible regardless of the form of payment. In light of this, reach our company and book a consultation with our chargeback specialists.
Grand Signal Markets Summary
To recap the following Grand Signal Markets broker review, this illegal broker is not just an unlicensed brokerage company but an untrustworthy entity due to a bundle of lies.
First, although it claims to be formed and regulated in the UK, Canada, and Australia, it is unauthorized and anonymous.
Then, it gives empty promises of the availability of a leading-edge trading program (MT5). On top of this, this unscrupulous broker is ambiguous about its trading conditions, trading accounts, minimal required deposits, and deposit and withdrawal process.
Lastly, it lures traders by deceitfully constructing Grand Signal Markets reviews to appear positive. All in all, steer clear from trading with this illicit broker involved in fraudulent trading activities.
FAQs About Grand Signal Markets Broker
Is Grand Signal Markets a Legitimate Broker?
No, it is not; it is a far cry from this. Grand Signal Markets is an unlicensed and unregulated broker.
What Funding Methods Does Grand Signal Markets Accept?
Although Grand Signal Markets claims to offer credit/debit cards and bank transfers, this is a trick. In fact, this fraudster supports only crypto payments.
Is Grand Signal Markets a Good Broker?
No, it is not; Grad Signal Markets is an untrustworthy brokerage firm that is a proven liar offering unprofessional services.