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G999 (g999main.net) is without a doubt a %100 fraudulent brokerage firm. It is NOT a real broker! Stay away! G999 scam works by getting you to believe you can become rich by trading with them.
G999 Review
You are reading through this G999 review and this shows that you are interested in online trading and have begun your quest of finding a broker to get started. It sounds very easy initially, but once you come across the huge number of companies operating nowadays, it can turn out to be a complex process.
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You cannot possibly go through every broker’s website, but even looking at a handful of them will leave you confused and frustrated. This is primarily because each comes off as better than the last one, so making up your mind can be difficult.
To make matters worse, you will also discover that there is a possibility of some of these brokerages being scams. It only makes the process more daunting because you cannot figure out how to distinguish between genuine and scam companies.
It is not like scams will have any flashing warning signs that will immediately give away their secret. This does not happen and could actually be the complete opposite. These days, scam brokers have professional websites that seem to check all the right boxes, so you will not be able to figure out their true nature immediately.
The only way you can get to the bottom of the truth is when you dig deep into their story because that is when you see the plot holes. Despite presenting a good front, scams will never be the same as legitimate brokers, which means they will be exposed. You just need to be prepared to look for the issues and this is what you can do with G999 as well. It has presented itself as an outstanding forex trading services provider operating from the United Kingdom.
You are informed that G999 has years of experience in offering trading services and provides a great platform and a secure environment to its clients. It seems to have everything a trader may want, but you will find some shocking facts about it when you go digging. What are they? Let’s take a look.
Lack of regulation
The first shocking fact that you will discover about G999 is that it is not a regulated broker. This is shocking because no legitimate broker worth its salt would operate without a license and that too from a region like the United Kingdom, which is known to be strictly regulated. According to British laws, any broker that operates on its soil has to have a license from the Financial Conduct Authority (FCA).
This is the renowned regulatory body of the United Kingdom that has a reputation of being stringent due to which its license is highly valued. For G999 to be able to operate in the UK, it needs to be regulated by the FCA, but when you search its online database, there is no brokerage by the name of G999 to be found. This means that the purported London address on the G999 website could certainly be fake.
There is no way for you to verify its address, so you cannot believe anything that G999 is telling you. Since it is not regulated, it means that it cannot offer you any of the protections that a licensed brokerage can and this makes dealing with it very risky.
FCA warning
It gets worse when you realize that not only does G999 not have a license from the FCA, the regulatory body has actually blacklisted the broker. It turns out that G999 is indeed operating in the United Kingdom, but the problem here is that it is doing so without a license.
As mentioned above, this is against the law, which means that G999 is providing its services illegally and such a company cannot be trusted. As soon as you discover this shocking fact, you can immediately understand that you are not dealing with a good broker.
Attempt to steal
When you go through the G999 website, you will come across two seemingly benign icons of TeamViewer and AnyDesk. These may not grab your eye, but you should pay attention because these are remote desktop applications that allow you to access your home PC environment from pretty much anywhere. This sounds very convenient, until you realize the dangers associated with it. How?
This is because scam brokers like G999 will ask you to share installation details when you download any of these remote apps. Doing so will grant them access to all the data that you have stored on your PC, which includes your personal information as well as banking details. Thus, they can directly steal money from your account because they will have access to your passwords and other details and you will not be able to do anything about it.
High deposit and no chargebacks
Another shocking fact that you will come across at G999 is the high minimum deposit it is asking for. There was a time when the average deposit you had to make with an online broker for opening an account was $250, but most companies do not require this anymore. In fact, many brokerages have opted to allow their clients to open accounts for as low as $5, or $10 due to the competition in the market.
This is not what you will find at G999 because it demands a minimum deposit and the problem is that it asks for a very high one. You can open the most basic account that G999 offers for $10,000, which is just too much. It immediately makes it obvious that G999 is interested in getting as much money as possible because they are unlikely to get another deposit.
To make matters worse, you will come to know that the payment methods that G999 is offering do not give you the option of filing for a chargeback. It supports bank wire transfers and a bunch of cryptocurrencies, so your payments will be final and you will not be getting any refunds.
Wrapping Up
These shocking facts will immediately reveal that G999 can be categorized as a scam and fraud brokerage that only aims to exploit people.