The Official Website Of GEMSTONEFX Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
2022-03-21 UK FCA Adds GEMSTONEFX To Warning List
On March 21, 2022, The FCA Issued A Warning That GEMSTONEFX Provides Financial Services And Products In The UK Without Authorization. You Can Visit The Following Website For Details: Https://www.fca.org.uk/news/warnings/gemstone-fx
2022-03-31 We Have Reviewed And Confirmed That GEMSTONEFX Is An Unregulated Foreign Exchange Dealer
GEMSTONEFX Is A Clear Fraud For The Following Reasons: Firstly, The Broker Claims That It Was Established In 2016. However, When We Searched Its Domain Name, We Found That It Was Newly Created On February 28, 2022. So How Does It Start Offering Forex And Cryptocurrency Investments In 2016? This Is A Red Flag.
Secondly, The Trader Shows Its Certificate Of Registration In The UK Company, The Registry (CH). But CH Is The Registry Of UK Companies, And It Does Not Have The Power To Regulate Forex, So Registering Again Does Not Mean That The Trader Has Any Supervision. According To UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Must Be Authorized Or Registered By The UK Financial Regulator, The FCA. However, Searching For GEMSTONEFX In The FCA, We Found That The Broker Is No Longer Authorized. Even The Broker Has Been Blacklisted By The FCA For Providing Foreign Exchange Services Without Authorization. This Means That GEMSTONEFX Is Not Regulated By Any Regulatory Authority. Investors Are Not Safe To Invest In This Broker, And Their Funds Cannot Be Protected By Any Laws. In Conclusion, GEMSTONEFX Is A Fake Trader.
Since We Can't Access The Broker's Website Now, We Can't Get More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That GEMSTONEFX Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: GEMSTONEFX As A, Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
