The risk of falling victim to scams and fraudulent brokers has always been present when you will do online trading. One such example is Gorilla GPUs, a broker that has been gaining attention for all the wrong reasons. In this review, we will take a closer look at Gorilla GPUs and determine whether it’s a scam or a legitimate broker.
Overview
Gorilla GPUs is an online trading platform that allegedly offers to trade in forex, stocks, indices, and cryptocurrencies. The broker claims to provide traders with access to financial markets via its web-based trading platform, which is said to be user-friendly and packed with features to enhance the trading experience. Traders can allegedly start trading with a minimum deposit of $250, and leverage of up to 1:500 is offered on forex trading.
Are Gorilla GPUs Regulated?
One of the significant concerns surrounding Gorilla GPUs is their regulation status. Unfortunately, this broker is not licensed or regulated by any financial authority. The absence of regulation indicates that Gorilla GPUs’ operations are not overseen.
Warnings from Financial Regulators
Financial regulators in different countries have issued warnings to the public about Gorilla GPUs. The French financial regulator, Autorité des Marchés Financiers (AMF), blacklisted the broker as an unauthorized service provider in France. The British Columbia Securities Commission (BCSC) also issued a warning against Gorilla GPUs, notifying the public that the broker has been soliciting its services without the necessary authorization.
What Currency Pairs Do They Offer?
Gorilla GPUs claim to offer access to over 50 currency pairs. However, the trading conditions offered on its website are too good to be true. With spreads as low as 0.1 pips and high leverage of up to 1:500, it is highly suspicious. Most reputable brokers offer spreads of at least 1-2 pips, and some even restrict leverage on forex trading to protect their investors’ interests.
Customer Support
GorillaGPUs.live claims to have a 24/7 customer service team that is available to answer traders’ questions and attend to any issues that may arise while trading. However, users have reported that their customer support is non-existent. The contact details provided on the broker’s website are either invalid or lead to irrelevant destinations. Emails and phone calls to the broker go unanswered, leaving traders stranded and with no avenue to address their concerns.
Trading Platform
GorillaGPUs.live trading platform is allegedly powered by the popular trading software, MetaTrader 4. However, this claim has not been verified. Users have also reported that the trading platform is unstable, unresponsive, and poorly optimized.
What Do Traders Think About Gorilla GPUs?
Online reviews and forums have shed light on Gorilla GPUs’ operations, and the verdict is not good. Traders have reported experiencing difficulty executing trades, delays in withdrawals, and unhelpful customer service. Several users have also reported the broker’s illicit activities, such as unauthorized trades on their accounts and account blockages.
What To Do If You Get Scammed?
If you believe that you have been the victim of a scam by Gorilla GPUs or any other broker, you should contact us for a quick response. We will evaluate your case and will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
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Final Thought
The evidence clearly shows that Gorilla GPUs is a scam broker. The broker is not regulated, has faced warnings from financial regulators, offers unrealistic trading conditions, and provides poor customer support. Furthermore, real traders’ experiences indicate that the broker is fraudulent at its core. Before trading with any broker, it’s crucial to conduct thorough research to avoid being swindled. If something looks too good to be true, it probably is.
