Gemetdss is a forex broker officially registered on March 1, 2024. This broker primarily offers numerous trading markets through its proprietary trading platform, including forex, metals, commodities, indices, etc. It does not operate in the United States, Iran, and North Korea, among other places.
Corporate Registration Information and Regulatory Status:
According to the public information on the official Gemetdss website, its corporate entity is Gemetdss Limited. This broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), with license numbers 296805 and 700455, respectively. Gemetdss is also a registered member of the Financial Commission (THE FINANCIAL COMMISSION).
Moreover, the broker's official website also shows that its registered entity in the UK is Y&C FINANCIAL INVESTMENT CO., LTD, with a company registration number of 15172116. Y&C FINANCIAL INVESTMENT CO., LTD is registered with the US Financial Crimes Enforcement Network (FinCEN) and the US National Futures Association (NFA), with an MSB number of 31000254808319 and an NFA ID of 0559240.
Upon verification, the Australian Securities and Investments Commission (ASIC)'s official website states that license number 296805 pertains to the corporate entity DLS MARKETS (AUST) PTY LTD, while the Vanuatu Financial Services Commission (VFSC)'s official website indicates that license number 700455 belongs to the corporate entity DLS MARKETS LIMITED. Meanwhile, the Financial Commission (THE FINANCIAL COMMISSION) did not find a registered member named Gemetdss. Furthermore, the information about Y&C FINANCIAL INVESTMENT CO., LTD on Gemetdss's website is plagiarized, originating from another fraudulent broker's website https://www.ycsa7.com.
In addition, the "Terms and Conditions" page on the broker's official website provides only icons, which actually cannot be opened.
Account Opening:
To open an account with Gemetdss: Visit the broker's official website, click on “Open Account” to enter the registration page, fill in your personal email address and set a login password before submitting. After submission, the account can be successfully registered. After logging in, complete KYC verification to conduct deposit transactions.
Account Types:
Gemetdss offers two different types of real trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT
- Minimum deposit amount: $200
- Spread: From 1.0 pips
- Maximum trading leverage: 1:500
- Trading commission: $0
ECN ACCOUNT
- Minimum deposit amount: $200
- Spread: From 0 pips
- Maximum trading leverage: 1:500
- Trading commission: $6 per round trade
Trading Platforms:
Gemetdss claims to offer the MT4 trading platform on its official website, but in reality, it uses a proprietary trading platform, and the broker is not found on MT4.
Deposits and Withdrawals:
Gemetdss supports the use of credit/debit cards, e-wallets, and bank wire transfers for deposits and withdrawals.
Conclusion:
Traderknows reminds investors that Gemetdss is actually an unregistered, unregulated scam website that does not provide any contact information. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
