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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

GPAK

United Kingdom United Kingdom | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://www.gpakfxcn.com/

Website

Rating Index

Regulation 2.69 Tech 4.63 Reputation 2.05 Business 7.46 Risk Control 1.10
1.47

Contact

4009687958
http://www.gpakfxcn.com/
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
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Official Website

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模块说明(前端未翻译)

  • United States gpakfx.com.cn
    45.39.0.81
  • United States gpakcn.com
    104.217.210.21
  • Hong Kong gpakfx.com
    47.52.142.93

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GPAK
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GPAK

GPAK

1.47
Score
5-10 yearsQuestionable Regulatory LicenseSuspicious Operational RegionHigh Potential Risk

Related Companies

UK GOLD PEAK GROUP LIMITED(United Kingdom)
United Kingdom
UK GOLD PEAK GROUP LIMITED(United Kingdom)
Deregistered
United Kingdom
Registration No. 10642668
Est. Date
Source Official Statement
Employees

Company Profile

Company Profile

Review summary

Note: GPAK's official website: https://www.gpakfxcn.com/ is currently inaccessible normally.

GPAK Information

Founded in 2021, GPAK is a Britain forex broker whose services are operated via MT4. Traders can contact them via phone: 4009687958 and email: service@gpakfx.com or customer@sbtltd.cn. Nevertheless, their licenses of FCA and NFA are doubted as suspicious clones.

GPAK

Is GPAK Legit?

- UK Financial Conduct Authority (FCA): GPAK claims to hold FCA with license type of Market Making and license number 606110. However, there are concerns that this license might be cloned.

Financial Conduct Authority (FCA)
Current StatusSuspicious Clone
Regulated byUnited Kingdom
License TypeMarket Making (MM)
License No.606110
Licensed InstitutionCPT Markets UK Limited
Suspicious Clone FCA license

- US National Futures Association (NFA): GPAK also claims to be regulated by the NFA with license type of market making and license number 0506675. However, this license is suspected to be counterfeit or cloned as well.

National Futures Association (NFA)
Current StatusSuspicious Clone
Regulated byUnited States
License TypeCommon Financial Service License
License No.0506675
Licensed InstitutionVASLON INTERNATIONAL GROUP LTD
Suspicious Clone NFA license

Downsides of GPAK

- Website Availability Issues: GPAKs website is currently unavailable, which raises concerns about its reliability and operational status.

- Regulatory Concerns: There are doubts regarding the legitimacy of the FCA and NFA might be cloned.

- Negative Reviews: Numerous negative reviews highlight serious issues such as inability to withdraw funds and scams associated with GPAK.

Negative GPAK Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there were 44 pieces of GPAK exposure in total. I will introduce 2 of them.

Exposure 1. Cannot withdraw

ClassificationUnable to Withdraw
DateDecember 19, 2023
Post CountryPeru

The user said frustration is mounting as GPAK users, including himself, struggle with an ongoing withdrawal crisis. Withdrawals have been blocked for an astonishing 7 months. Worse still, the agents have shown no accountability, leaving users with their hard-earned money stuck in limbo. You may visit: https://www.wikifx.com/en/comments/detail/Co202312199641644221.html.

Exposure 2. Scam

ClassificationScam
DateDecember 25, 2019
Post CountryHong Kong China

The user said GPAK has defrauded clients of their funds, and now its website is down. You may visit: https://www.wikifx.com/en/comments/detail/201912255032739920.html.

Conclusion

In a word, trading with GPAK poses significant risks. Traders are advised to choose brokers that are well-regulated and have good reputaion in the industry.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is GPAK safe and reliable?

Based on its profile, GPAK poses significant reliability concerns. The WikiFX total score is 1.62, which is extremely low and reflects severe deficiencies. The broker's previous UK Financial Conduct Authority (FCA) Appointed Representative status is listed as revoked, and it currently operates without any valid, active retail trading licenses. This lack of credible regulatory oversight means client funds are not protected by standard industry safeguards, presenting a substantial risk.

04-13
United States

Is GPAK regulated?

No. GPAK, formally UK GOLD PEAK TECHNOLOGY LTD, is not currently regulated for retail forex and CFD trading. WikiFX data indicates its previous Appointed Representative license from the UK Financial Conduct Authority (FCA) has been revoked. A separate Market Making license listed under a different entity remains unverified. Therefore, the broker lacks any credible, active regulatory authorization for its current operations.

04-13
United States

What is the minimum deposit of GPAK?

WikiFX assessment indicates that specific minimum deposit requirements for GPAK are not publicly disclosed. Prospective clients cannot verify standard account opening terms through official channels.

04-13
United States

Does GPAK support MT4 or MT5?

According to WikiFX data, GPAK has supported the MetaTrader 4 (MT4) platform in the past. However, reports suggest the broker's website and client portal have become inaccessible, which would prevent access to any trading platform, including MT4. Support for MetaTrader 5 (MT5) has not been confirmed.

04-13
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
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