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Unproved

Unproved
Mauritius
2010 (16 Years)
Last online: No recent activity
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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
Warning Report is a record of alerts about trading activities, account management, or compliance issues. It helps you keep track of potential risks or problems in your trading account.
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Oct 31, 2566
This broker is closed.
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Mar 12, 2024
This broker is closed.
Get to know Gem Forex
Company Information
Get to know Gem Forex
Founded in 2010 as GemTrade by a group of Japanese traders, GemForex grew into a prominent offshore brokerage firm offering forex and CFD trading services. The company primarily targeted the Asian market, particularly Japan, providing services like free Expert Advisors (EAs), mirror trading on platforms like MT4 and MT5, and high-leverage accounts. However, in May-June 2023, the company abruptly suspended all services, including client withdrawals, citing alleged fraudulent activities by a third-party payment provider and abusive trading by some clients. These events led to a widespread operational collapse, leaving many clients unable to access their funds.
Industry
Software
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Research date: Oct 14, 2025
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