Read our GTStox review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a gtstox.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So GTStox is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about GTStox in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
GTStox Review Conclusions
Making the GTStox review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our GTStox review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Thanks for rewiev, my question is now how the situation is if I send them Bitcoins via my digital wallet.
I am beginner and are not sure what happen in case of witdraw?
Thanks
Pepe
You are right.
I opened an account on Gtstox and now they don’t want to give me my money back and to close my account.
Be aware !
I will let you know if they are ok but it seems that they are scams.
You are right, GtStox is a scam.
They don’t want to withdraw my money (that I ask since the 6th of October) and the told me lies.
They lied to me, made me wait (still now, there have not withdraw my money neither close my account, as I ask since 6th of October)).
The Live Chat just makes you wait.
The phone number just wait you wait.
The email adress does not answer you.
Henrik from GtStox is not a man that you can trust and if it would be so, I would not write my second review on him and GtStox.
I will let you know if it is solved, but as far as I am concern, GtStox is a scam.
They don’t want to give me back my money and they don’t have the right to do that !
GTSOX have scammed my €5000 . Don’t let you withdraw your profit shown in GTSTOX account under your name .
Thanks for your reply, I am still waiting for my withdraw. I hope they will give me back my money !
I will let you know if they do so.
gtstox 10800 euro does not send my money. Today they called again. Wait for 3 months. Will it come after 3 months. I don’t think so. How can I get my money.
WOW…. I have been scammed as well, I looked for reviews and saw nothing only positive reviews, they bullied me into more money. So now I will ask for all my money back and start sending emails….. Then try what you have said to do but they used blockchain and then another one kraken. So probably not going to get my money back. I sure hope so.
Esto es una estafa gordisima. Lo primero que hacen cuando metes dinero, es llamarte para invetir más.
Te llaman con un numero desconocido de distintas partes del mundo para que nunca les puedas llamar tu de vuelta.
Cuando intentas sacar el dinero no te dejan. Te dicen que tienes que llegar a unas 30.000 auto transacciones para poder sacar el dinero. Después de 5 meses te empiezan a quitar todo el dinero de su plataforma que es una vergüenza. Nunca han operado con tu dinero, se lo han gastado al minuto uno de tu invertirlo en esta plataforma.
No caigais en la trampa son unos estafadores. A mi mis 150 euros no me los va a devolver nadie.
This is a huge scam. The first thing they do when you put money in is call you to invest more.
They call you with an unknown number from different parts of the world so that you can never call them back.
When you try to get the money they won’t let you. They tell you that you have to reach about 30,000 auto transactions in order to get the money. After 5 months they start to take all the money from their platform which is a shame. They have never operated with your money, they have spent one minute of your investing it on this platform.
Do not fall into the trap they are scammers. Nobody is going to return my 150 euros to me.
Two words, STAY AWAY!
You will NEVER see your money again, and I mean, NEVER!!!
No need to rate this, because there is NOTHING to rate.
Yes gtstox is absolutely a scammer. They would not close my account and refund my small investment despite constant demand. I’ve been told that they will only close my account when the balance becomes zero. Never trust gtstox with your money because you won’t get it back. My experience with gtstox is truly traumatic.
Gtstox is a total scam! They will sell you the dream of getting returns. They took my money and never let me withdraw.!This company refused to pay me my earning. I was so sad because I had no other money left. I was advised to check lorddigital889atgmail and I’m glad I did because within a week, i got a chargeback .
Beni de dolandırdılar gtstox 400 euro uçtu gitti. Ne yapacağımı bilmiyorum çok üzgünüm
[email protected]
They defrauded me too gtstox 400 euro flew away. I don’t know what to do i’m so sorry
Read reviews AFTER ‘investing’ € 100 (in Bitcoin Revolution who in turn passed me on to GTStox) then I got very suspicious and even more after getting calls from them relentless l’m guessing to get more money out of me, (I do , did have shares elsewhere but they never ever called me . All the contact was written , hard copies no BS phone calls, DAILY.) Counted my losses and for good measure went to the bank and cancelled my card. Being an unregistered trader … a fake address somewhere in the Commonwealth of Dominica …who will you sue ? They can turn around and say they don’t know who you are and walk away with your deposit, smiling and smoking a big fat cigar. Big fat scammers , stay away .
Benide dolandırdı gtstox 100 Euro yatırdım ve bir süre sonra çok sık aralıklarla arayıp daha fazla (5000) Euro daha yatirmami söylediler ben süpelendim ve paramı geri istedim ama vermeyeceklerini hesabımda en az 500 Euro olunca cekebildiklerini söyleyip durdular ben geri arayıp onları sıkıştırmaya başlayınca beni engellediler ve şuan 9 ay oldu ulasamiyorum onlara bu durumda ne yapabilirim?