Today, in our GSB Capital LTD review, you’ll find an unbiased report on yet another scam broker. At first glance, everything looks completely official; however, this sham company decided to use someone else’s credentials to appear legitimate. This isn’t the only misstep made by these scammers. For those who want to know the full truth about a platform where money is lost, we invite you to read the following materials.
Key Features
- Company Name: GSB Capital LTD
- Website: https://gsb-capital.ltd/
- Available Contacts: [email protected]; +971521045528
- Foundation: 2024
- Services: Forex/CFD trading
- License: None
- Initial Deposit: $250
From Sign-Up to Payout
The developers of the official GSB Capital LTD website worked hard to make it look like a legitimate broker’s online resource. However, let’s be honest, they didn’t succeed. Despite the black-orange-white design, plenty of animations on the pages, and a large number of images breaking up the text content, the website’s appearance was spoiled by its content.
Could a broker’s website be considered complete if it:
- Fails to disclose trading conditions. It’s been a long time since we’ve seen this: the pages don’t even mention account types or their characteristics. Even if there’s only one unique account type, not telling visitors what terms they will be trading under is highly disrespectful to potential clients.
- Lacks even a list of trading instruments, let alone contract specifications.
- Has no information on payment methods or fees for non-trading operations.
- Does not disclose any critical information about the company. For example, financial reports and data on the broker’s previous performance are nowhere to be found.
We could also mention minor oversights, like different leverage ratios being listed on various pages. Such discrepancies can be found almost everywhere on the GSB Capital LTD website.
This isn’t all. Filling out the registration form usually doesn’t present issues for traders. However, the broker does not verify any contact information entered into the form fields. It also does not request other personal data, such as address or date of birth, even in the personal account! This means GSB Capital LTD deliberately disregards the KYC policy, which is mandatory for any broker.
Furthermore, there are equally severe issues with its AML policy. Deposits can only be made in cryptocurrency, without revealing sender information — blockchains don’t allow this. Additionally, a transaction that’s already packed into a block cannot be reversed. In short, GSB Capital LTD clients can forget about transparency and security in non-trading operations. Instead, they get anonymity.
In essence, this site hardly resembles that of a regulated broker. Rather, it follows the best traditions of scam platforms, where traders are told much about the advantages of trading but aren’t provided with essential information.
Our Trading Experience With GSB Capital LTD
The broker uses the Sirix trading terminal by Leverate. Why the founders call it their own platform, we do not know. However, enforcing developer rights is not our task.
To be honest, it’s not the worst trading software out there. At least, it allows traders to use up to four price charts simultaneously and has a straightforward interface for placing both market and pending orders. However, the platform has its shortcomings, including:
- A limited set of technical indicators for traders.
- A relatively small list of graphical analysis tools compared to leading platforms in the industry.
- No built-in features to develop and connect custom indicators or trading robots.
Why do scam brokers like this trading terminal? The answer is simple — it allows the server administrator to adjust the quote flow. Naturally, these changes are not made in the trader’s favor.
However, the most surprising aspect is not the broker’s use of the Sirix terminal but, as we mentioned earlier, the lack of trading conditions on the GSB Capital LTD website. Apparently, the company decided that traders don’t need to know the terms of their trades.
Some information can be found on the official site. For example, in its Forex section, we found a mention of leverage ranging from 1:1 to 1:1000, which is also noted on the FAQs page. However, on the Services page, the broker suddenly mentions a maximum leverage of 1:200. So, which one should we trust?
We were also intrigued by the answers on the FAQs page about the number of available trading instruments. GSB Capital LTD claims to offer 64 currency pairs, 4 metals, 12 indices, and WTI.
The most remarkable thing is that none of this information matches what you see in the terminal. For example, in the personal account, it’s impossible to select leverage when creating a trading account; it is set automatically.
The actual leverage for a EURUSD pair transaction (the most liquid pair, usually assigned maximum leverage by brokers) turned out to be 1:100 (not 1:1000 or 1:200).
After this failure, we, of course, became interested in the number of trading instruments (there are clearly more than stated on the company’s website). The available Forex pairs include 6 major pairs, 23 crosses, and 49 exotic pairs, totaling 78. That’s a bit more than the 64 claimed on the site. A similar story goes for metals and indices, with 9 metals instead of 4 and 50 indices instead of 12.
The conclusion is simple: everything stated on the official GSB Capital LTD website is inaccurate. Either the content managers have no idea what’s happening in the terminal, or they are deliberately misleading traders. In either case, this broker is dishonest, and trading with such a company makes no sense.
The Reality Check
We’re left with virtually no doubt that we’re dealing with another scam project. The most compelling arguments in support of this fact come from an analysis of the company’s official details.
In the footer and on the Contacts page, GSB Capital LTD lists addresses in Dubai (head office) and the United Kingdom (branch office). There’s also a “Regulation” link, which opens a page on the Dubai Financial Services Authority (DFSA) website, supposedly confirming the firm’s license.
The company holds licenses for the following activities:
- Investment advisory services.
- Credit brokerage and advisory services.
- Arranging deals for investors.
- Asset management.
- Fund organization and management.
At first glance, this may seem like a legitimate investment company. However, it turns out that the broker we’re reviewing has no affiliation with this licensed firm.
The legitimate company is indeed well-known for providing various investment services to both private and corporate clients. Details about its operations can be found on its official website, https://gsbglobal.com/. Moreover, it does have a representative office in the UK, operating under a license from the local FCA regulator, with the same name as our broker, GSB Capital LTD.
Unfortunately for the site owners, this genuine company does not engage in retail Forex/CFD trading and is not authorized to do so. This means we’re dealing with a pseudo-company that exists solely online and is attempting to use the name of a real investment company as a front. This tactic is common for scammers, as beginners in the financial market often fall for it.
Naturally, this virtual broker does not and cannot have a license; its activities are entirely illegal. This also explains the very narrow spreads on trading instruments: it doesn’t matter what spreads they display, as GSB Capital LTD has no intention of returning traders’ funds.
How Long Has GSB Capital LTD Been in the Game?
The site owners do not disclose any company history and omit even the date of its creation. We obtained this information via the WHOIS service, where the domain registration date is easily found.
As we can see, the domain gsb-capital.ltd, used by the pseudo-broker, was only registered on August 28, 2024. This means that the company’s online presence has lasted only three months, while the legitimate firm was established back in 2020. This further confirms the unauthorized use of someone else’s name.
In short, GSB Capital LTD’s attempt to appear as a legitimate licensed broker has failed. Experienced traders will easily detect the deception and understand that dealing with this scam will only lead to a complete loss of funds. We publish these reviews to assist novice traders who may lack the necessary experience and knowledge to spot such scams.
Extra Fraud Indicators
We’ve provided enough evidence to show that GSB Capital LTD is a scam project. Finally, let’s highlight the positive reviews the company commissions about itself.
A striking example is the Trustpilot reviews, which currently number 65, all rated 4 or 5 out of 5. Given the site’s short existence, nearly every day has seen a satisfied author leaving a glowing review. For this to happen, the broker would need to excel in every aspect, from its official website to prompt support responses. However, as we’ve seen, this does not describe GSB Capital LTD.
Therefore, the company likely resorts to paying writers for positive comments. Newcomers may believe this artificial image, but experienced users will surely recognize this as yet another sign of fraud.
Is GSB Capital LTD the Right Fit?
We’ve fully addressed our goal of revealing GSB Capital LTD as a scam broker. With arguments like the lack of registration and licensing, the misuse of an existing company’s name, and the concealment of trading conditions, there’s little room for doubt. When you add in the company’s ignorance of deal characteristics in the terminal and the fact that account funding is only possible in cryptocurrency, anyone can see the high risks of trading with this platform. Therefore, to avoid total loss of invested funds, we strongly advise against sending money to accounts opened here.
Don’t trust the information posted on the company’s website! Everything here is a lie! GSB Capital LTD doesn’t engage in real trading on any financial market! Scammers simply insert a fake terminal showing traders how their money vanishes. And we’re talking about huge amounts! I am 100% sure of what I’m saying!! Don’t deal with these fraudsters.
За 8 лет нет никаких нареканий по поводу данной компании Есть возможность достойно зарабатывать и легально пользоваться заработанными деньгами .