Gramax Holdings Ltd is a suspected fraud broker. Despite claiming regulation by the UK's Financial Conduct Authority (FCA) on its official website, an actual inquiry reveals this entity holds no valid regulatory credentials. Furthermore, its website design closely resembles known scam platforms, and there is a lack of transparency in trading details. These signs indicate that the platform does not have a legitimate operating foundation, and investors should remain extremely cautious.
Company Background:
The official website of Gramax Holdings Limited is https://www.gramaxholdings.org/, with the domain registered on February 23, 2024. The company registration number provided on the website is 1213089. Upon verification, this number corresponds to a company registered in New Zealand, with the address 12 Leslie Hills Drive, Riccarton, Christchurch, 8011, New Zealand.
Regulatory Information:
Gramax Holdings Ltd claims on its website to be authorized and regulated by the UK's Financial Conduct Authority (FCA). However, after further verification and inquiry, it was found that the company is not listed in the FCA's official regulatory register, indicating its claimed regulatory status is false. This means that the company has not been formally supervised by any authoritative financial institution, classifying it as an unregulated platform. For investors, such companies often lack transparency and credibility, posing high risk hazards and potential involvement in illegitimate financial activities. Investors should exercise extreme caution when dealing with such companies to avoid financial losses or other potential fraud.
Account Types and Minimum Deposit Requirements:
Gramax Holdings Ltd offers several account types with the following deposit requirements:
- Beginners Plan: Minimum deposit $50, maximum deposit $4999.
- Prime Plan: Minimum deposit $5000, maximum deposit $11999.
- Fortune Plan: Minimum deposit $12000, maximum deposit $19999.
- Ultimate Plan: Minimum deposit $20000, no upper limit.
These account types and deposit requirements are commonly used by scam platforms to lure unsuspecting investors, especially by attracting them with lower initial deposits and later increasing the funding threshold.
Website Design:
The website design of Gramax Holdings Limited is highly similar to another known scam platform, Altmining-Expert (https://altmining-expert.online/). The design almost entirely replicates the navigation bar and content layout of Altmining-Expert's website. This copying behavior suggests that Gramax Holdings is likely part of a fraud network attempting to gain investor trust by mimicking other websites' designs.
Trading Products and Software:
Although Gramax Holdings Ltd claims to offer a diverse range of trading products, including forex, cryptocurrencies, stocks, ETFs, commodities, and real estate, its official website does not disclose any information about trading software. Transparency regarding trading platforms is a crucial measure of a broker's credibility, and Gramax Holdings' lack of information in this area further exacerbates its suspicion.
Fees and Conditions:
Gramax Holdings Ltd has not disclosed any specific information regarding trading spreads, leverage, or commissions. The absence of these essential details means that investors cannot ascertain their trading costs in advance, making it easy to fall into traps with hidden high fees.
Deposit and Withdrawal Methods:
Similarly, Gramax Holdings Ltd's official website does not provide any detailed information on deposit and withdrawal methods. Legitimate brokers typically clearly list the supported payment channels to facilitate investors' fund management. The lack of this information in Gramax Holdings further indicates the absence of a legitimate and transparent trading environment.
Customer Support:
The official website does not provide any customer support channels such as phone, email, or online chat support. The lack of customer support means that if investors encounter problems or fund disputes, it will be extremely difficult to obtain timely and effective assistance.
Conclusion:
Gramax Holdings Limited exhibits multiple characteristics typical of scam platforms, such as falsely claiming regulatory oversight, concealing key trading information, lacking transparent customer support, and sharing similar website designs with other known scam platforms. Investors should remain highly vigilant and avoid any form of financial transactions with this platform.
