GramzpayExchange is a CFD broker with a website domain registered on November 2, 2023. This broker primarily offers investment services in trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities, but it does not provide services in countries and regions where doing so might violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to public information on the GramzpayExchange official website, the broker was established in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed its corporate registration information or detailed regulatory information.
Upon investigation, the Australian Securities and Investments Commission (ASIC) does not list any regulated company named "GramzpayExchange".
Therefore, GramzpayExchange is essentially a scam broker with no corporate entity or any regulatory oversight.
Account Opening Process
The account opening process for GramzpayExchange trading accounts involves visiting the broker's official website, clicking on "Open Account" on the homepage or "SIGN UP" at the top right of the page to go to the account registration page. After filling in personal information such as name and email and setting a login password, you submit the form and verify the account to complete the registration successfully.
Trading Products
GramzpayExchange offers clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies and is known for its high liquidity, allowing traders to profit from fluctuations in exchange rates.
- Indices: Index trading allows speculation on the performance of an entire market or specific sector without trading individual stocks, offering a variety of trading opportunities and leveraging high potential returns.
- Commodities: Commodity trading covers key global market resources, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to benefit from price fluctuations and dividends based on company performance, without actually owning shares.
- Cryptocurrencies: Cryptocurrency trading provides an opportunity for digital currency enthusiasts to profit from high-volatility assets.
Investment Plans
GramzpayExchange offers four types of investment plans: BASIC PLAN, SILVER PLAN, GOLD PLAN, and FOREX SIGNALS.
BASIC PLAN:
- Minimum investment: $100
- Maximum investment: $4,999
- Deposit methods: Pi Coin, Bitcoin, or USDT.
- Duration: 7 days
- Referral commission: 10%
- 24/7 live customer support
- Return rate: 32.2%
SILVER PLAN:
- Minimum investment: $5,000
- Maximum investment: $9,999
- Deposit methods: Pi Coin, Bitcoin, or USDT.
- Duration: 7 days
- Referral commission: 10%
- 24/7 live customer support
- Return rate: 41.3%
GOLD PLAN:
- Minimum investment: $10,000
- Maximum investment: Unlimited
- Deposit methods: Pi Coin, Bitcoin, or USDT.
- Duration: 7 days
- Referral commission: 10%
- 24/7 live customer support
- Return rate: 53.2%
FOREX SIGNALS:
- Deposit methods: Pi Coin, Bitcoin, or USDT.
- Professional forex signals
- Up to 10 signals per day
- Success rate 75%-95%
- 24/7 support
- Advanced trading tools
Trading Platform
GramzpayExchange provides users with a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over comprehensive liquidity providers and more than 12,000 orders executed per second. However, clicking on the provided download link leads to the MT4 trading platform, where no broker named GramzpayExchange is listed.
Deposits and Withdrawals
GramzpayExchange does not support deposits and withdrawals via credit cards or bank transfers, only allowing transactions through cryptocurrencies.
Conclusion:
Traderknows reminds investors that GramzpayExchange is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
