Is GSPartners Global Legit or Scam?
AVOID GSPartners Global! Despite claiming a banking license, it lacks the necessary authorization for offering investment services in most countries, making it a risky and potentially fraudulent operation.
Company Overview
Feature | Details |
Regulated by | Mwali Services Authority – Banking License (Not relevant for trading) |
Is This Company Safe? | No |
Known Websites | gspartners.global |
Warnings from | BCSC, CSA |
Registered in | Union of Comoros – Island of Moheli |
Operating since | 2020 |
Trading Platforms | Proprietary app (No Demo available) |
Minimum Deposit | N/A |
Deposit Bonus | No |
Trading Assets | Cryptocurrencies |
Free Demo Account | No |
Services or Products
It’s unclear what specific services GSPartners Global offers beyond claiming to provide hot and cold wallets and investment in “digital assets.” They lack transparency about whether it’s CFD trading, traditional trading, or simply buying and selling.
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Trading Platform & Leverages
The company uses a proprietary platform with no available Demo version, raising significant concerns about transparency and testing capabilities. Leverage information is also completely absent.
Spreads and Cost of Trading
GSPartners Global remains opaque about spreads and any associated trading costs, further highlighting their lack of transparency and potential for hidden fees.
License and Regulations
Red flags abound regarding licenses and regulations:
- Their banking license from the Union of Comoros doesn’t authorize them for investment services.
- Canadian regulators issued official warnings against them for operating without proper authorization.
Legal Warning Against GSPartners Global
The British Columbia Securities Commission (BCSC) and the Canadian Securities Administrators (CSA) issued official warnings against GSPartners Global and its parent company, GSB Gold Standard Bank Ltd, for offering securities trading and advice without proper authorization.
Deposit and Withdrawal Methods
GSPartners Global offers no clarity on deposit or withdrawal methods. Their legal documents vaguely reference a “user’s own e-wallet,” but details are absent. Client reviews suggest difficulty in withdrawing funds.
GSPartners Global Pros and Cons (Table)
Feature | Pro | Con |
Regulation | Claims a banking license (not relevant for trading) | Unlicensed for investment services in most countries |
Platform | Proprietary platform | No Demo available, lack of transparency |
Assets | Cryptocurrencies | Limited investment options |
Minimum deposit | N/A | Unclear information |
Support | Contact form available | Reviews suggest unresponsive support, especially for withdrawal issues |
Why Dealing With An Unlicensed Broker Is Risky
Dealing with an unlicensed broker like GSPartners Global exposes you to significant risks:
- No legal recourse: If they scam you, you have no legal avenues to recover your funds.
- Unregulated platform and practices: The platform and its operations are unregulated, increasing the risk of manipulation and unfair practices.
- Hidden fees and charges: Lack of transparency can lead to unexpected fees and charges.
- Difficulty in withdrawing funds: Reviews suggest difficulty in withdrawing funds, further raising red flags.
Client Feedback
Client reviews paint a negative picture of GSPartners Global, highlighting:
- Unresponsiveness when seeking customer support, especially regarding withdrawals.
- Concerns about the platform and its legitimacy.
- Similarities to known scams, raising further suspicion.
How Can “ReviewsAdvice” Help You If You Get Scammed?
If you’ve been scammed by GSPartners Global or any other fraudulent entity, “ReviewsAdvice” can offer assistance:
- Free consultation: We can assess your situation and discuss potential recovery options.
- Expert assistance: Our team of chargeback specialists and crypto analysts will evaluate your case thoroughly.
- Transparency and communication: We’ll keep you informed throughout the process and manage your expectations realistically.
We will provide you recovery service recommendations, which will help you in recovering the lost funds or you can report to us today by the below form.
Get Your Money Back from Scammers.
Final Thought
GSPartners Global is a clear red flag. Their lack of licensing, questionable practices, and negative client reviews raise serious concerns about their legitimacy. Avoid them at all costs and choose a licensed and reputable broker to safeguard your investments.
