GBX （GlobalBlockex） is a forex broker registered in 2024, providing investors with a variety of financial trading services, including forex, indices, precious metals, energy, cryptocurrencies, etc. This broker does not provide services to jurisdictions that may violate local laws or regulations.
Company Background:
GBX claims to be regulated in the United States, holding regulatory licenses from the US NFA and MSB.
GBX alleges registration with the US Financial Crimes Enforcement Network (FinCEN), with an MSB number of 31000262040204. However, it has been discovered that GBX's MSB registration number actually belongs to SV Markets. Moreover, FinCEN's mission is to protect the financial system from illegal use, combat money laundering and related crimes (including terrorism), and promote national security through strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence, not to regulate forex trading and economic services.
Additionally, this broker is registered as a non-member entity with the US National Futures Association (NFA) and is not regulated by the NFA. Furthermore, the NFA license information it uses also belongs to SV Markets.
The GBX website has been registered since January 16, 2024, and the company has been established for less than a month, investors should be vigilant and aware of potential risks.
How to Open an Account?
To open an account with GBX, first visit its official website and click the "Register" button to sign up, filling in some basic information such as name, email, phone number, and setting up a login password. During registration, the broker will send a verification code to the provided email to complete the verification. After registering and verifying the email, users can log into the trading platform, but must complete identity verification before they can deposit, withdraw, and trade.
Account Types:
The GBX official website does not mention information related to trading accounts. Information on its FAQ page states that the broker offers a floating spread as low as 1 pip, with available trading leverage ranging from 1:100 to 1:500. Details such as minimum deposit amount, trading commission, margin call level, stop out level, and minimum trade size have not been explicitly disclosed.
Trading Platform:
GBXST5 is GBX's proprietary mobile trading platform, offering options for opening both real and demo accounts. This platform is only available for download on mobile devices. However, the absence of any corporate backing for this self-developed trading platform may imply potential risks in terms of technical support and security. Users should consider these factors and conduct appropriate risk assessments when choosing to use GBXST5.
Website Design:
The content and design of the GBX website are highly similar to those of several companies, including SV Markets, ABHKFX, DEOASIS PTY LIMITED, among others, where regulatory information is used from SV Markets. This may raise potential users' doubts about the authenticity and credibility of the website.
Customer Support:
GBX provides an email contact option, with the email address being support@globalblockex.com. However, GBX does not offer phone or live services, which may limit users' communication options when immediate help is needed.
Conclusion:
GBX is a newly established forex broker with the company being less than a month old. GBX uses a proprietary trading platform and offers limited contact methods. The GBX website, along with those of SV Markets, ABHKFX, DEOASIS LIMITED, VLC Trade LLC, OBV Trade MT5, and other brokers, are highly alike in web content, likely constructed using the same website template. Investors should steer clear of this platform to avoid unnecessary financial losses.
Currently, GBX is marked as “suspected of fraud” on the Traderknows.
