GSD Capital – Are They Trustworthy?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
GSD Capital - DO NOT TRADE WITH THIS PROVIDER
2.4/10
$100
Minimum Depositupdated 2024
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://gsd.capital
Founded: 2024
Regulations: Unlicensed / Unregulated
Languages: English
Deposit Methods: Cryptocurrencies (USDC, USDT)
Minimum Deposit: $10,000
Free Demo Account: Not Available
Number of Assets: Unspecified
Types of Assets: Currencies, Cryptocurrencies, Commodities
Trading Accounts and Conditions
GSD Capital does not offer trading accounts. This broker offers their clients investment plans:
- Standard Investment Account (SIA): The minimum capital requirement for this account is $10,000. The expected monthly return is 8% to 10%. The risk tolerance is low.
- Accredited Investment Account (AIA): The minimum capital requirement for this account is $500,000. The expected monthly return is 13% to 15%. The risk tolerance is low.
There are no trading conditions specified anywhere on this broker’s website.
GSD Capital – Advantages
There are no advantages to trading with GSD Capital.
GSD Capital – Disadvantages
Listed below are all the reasons why GSD Capital has been marked a scam operation:
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Lies About Regulation
The first thing that tell us that GSD Capital is a scam operation is their lies about their regulation and licensing status. This broker is not licensed in any way and here is how we know.
This broker does not give the name of the company that runs their online operations. And neither is any physical address provided. We also have absolutely no contact details. We may only connect with this broker via the form on their Contact Us page, or on the generic email they have given.
The broker claims to be based in the UK and states that they offer their investment management services under the framework of the Bank of England and the Financial Services Act 2016.
We are dealing with a broker that is operating anonymously and is trying to fool us into thinking that they are regulated.
The reality is this: A broker, to operate in the United Kingdom, has to be licensed by and registered with the Financial Conduct Authority. This is the financial regulator of the UK.
We checked the FCA’s register which is easily accessible online. There is no broker or financial services company listed with this authority. All of this information leads us to one conclusion, GSD Capital is an anonymous and illegal entity that is running a scam operation.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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Blacklisted by FCA
Another point that proves that GSD Capital is a scammer is the fact that the FCA has blacklisted this broker.
While we were investigating this broker’s claims to being based in the UK, we found out that the authority has actually blacklisted GSD Capital and has issued a warning to traders directly against this broker.
A financial authority will only issue such a dire warning against a broker if there have been a large number of complaints against that broker by the traders of that country.
Therefore, it is imperative to heed this warning and stay away from any broker that is on a financial regulator’s blacklist.
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Issues with Trading Platform
Another indicator that a broker may be a scammer is the quality of their trading platform. A reputed broker will ensure that they offer their clients only the best trading platforms in the market, i.e., the MT4 or the MT5 platforms. These platforms offer their clients the best and widest ranges of features that make trading almost completely intuitive. They also offer a massive marketplace of third-party apps that traders can use to further enhance their trading experience.
We could not even access GSD Capital’s trading platform because this broker demanded that we make the initial deposit before we were allowed to see their trading terminal. Legitimate brokers offer their clients free demo accounts wherein traders can test their trading platform and their trading conditions for free – without having to make any deposits.
So, when a broker demands that you first make a deposit before you are even allowed to view their platform, you can be sure that it is a scam.
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No Trading Conditions
GSD Capital does not even bother to offer trading conditions. They simple state that they offer investment packages – two of them, to be exact. And based on the investment package you choose you are promised guaranteed returns after a set period of time. This is not a financial service. This is more of a pyramid scheme, where you are asked to invest and promised profits on your investment.
No forex broker can promise that you will make profits. The nature of the market is such that it is easier to lose money on trades than make profits. Therefore, the second a broker promises that you will earn money with them, it is proof of a scam.
We also need to add that the minimum initial investment of $10,000 is ridiculously high. On average, forex brokers ask for an initial deposit of just $100 to $250 for an account to be opened with them. Additionally, there are so many really good brokers today that will let you open accounts for less than $50. So, the amount that GSD Capital is asking for is outrageous.
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Single Payment Method
Legitimate brokers will offer their clients a wide range of payment methods. You will have the option of choosing from credit cards, debit cards, bank and wire transfers, e-wallets such as Skrill, Neteller, PayPal, etc., and then cryptocurrencies.
GSD Capital offers you one single payment method – cryptocurrencies. This is a serious concern. The lack of payment options is definitely an issue, but the greater concern is the method itself. Crypto payments are highly risky since they are all irreversible and permanent. So, when dealing with a new broker, crypto payments are a definite no-no. It is better to opt for a credit or debit card payment that allows you to file for a chargeback in case you are scammed.
Conclusion
GSD Capital is a scammer and not trustworthy. It would be best to invest your money elsewhere.
GSD Capital
Pros
- None
Cons
- Lies About Regulation
- Blacklisted by CNMV
- Issues with Trading Platform
- Issues with Trading Conditions
- Issues with Payments
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more