Financial Commission Issues Warning Against GXCM

The Financial Commission, an external dispute resolution (EDR) body dedicated specifically to FX, recently added GXCM(GXCM LTD) to its warning list.

The decision was made after the Commission has been notified by concerned traders regarding the company and its associated website.

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According to the official press release, the company and associated website may be used to scam and defraud traders and investors. The Commission advised not to carry out business with the entity, either individuals purporting to represent this broker on social media and in private messages on popular messaging apps.

​As seen on its website, GXCM claims that it is an advanced CFD and Cryptocurrency online investing platform. The company's commission is to unlock the potential of the world’s financial markets for everyone. Its trading platform is designed to cater to traders of all levels, from beginners who have never traded to seasoned pros. 

​As Fazzaco reported earlier, the Commission has added Bench FX (Trade Bench)​ to its warning list.