G5 Finance: real customer testimonials and expert review of offers

Attention! Fraud company!

Leave a request for a refund from a scammer.

G5 Finance is a typical “kitchen” that skillfully swindles investors. Scammers claim that many investors cooperate with them, but why then there are no reviews about them on the Web? The conclusion suggests itself: before us is another one-day office. Let's see how she cheats users.

Official site analysis

The hero of our review positions himself as a large and reliable broker that many traders work with. But the scammers cannot decide on their number: in the “About Us” section it is said that the number of customers reaches five million, a little lower it already drops to a thousand. At the same time, scammers claim that 1515 users register on the platform daily.

The real popularity of G5 Finance is shown by the lack of reviews. A special service could not determine how many users enter the site daily, and yet it is able to track even 30-40 visitors! The real number of investors who fell for the tricks of a false broker does not even reach a few hundred.

The same section says that scammers entered the financial market in 2020. Now the company allegedly employs more than 600 specialists.

It is not clear who these specialists are: on the g5-finance.com website there is no information either about the creators of the project or about the team. There is nothing strange in this: soon the fake office will sink under a hail of revealing reviews, and law enforcement agencies will become interested in it. We are sure that the job application from 2020 is also a fake. The domain was indeed registered at the end of August 2020, and it was updated a week ago. The scammers just bought a site with “history” to support their legend.

A scammer is distinguished from a reliable broker by a penny site. It is quite natural that scammers do not want to spend money on a site that will soon collect a pool of negative reviews and will have to close it. The cost of the G5 Finance website is 28 rubles. 

For comparison: the founders of the reliable brokerage organization OANDA have invested more than 170 thousand rubles in their platform.

According to legend, the hero of our review is “registered” in the UK. In the local register of legal entities, he is allegedly listed under the name Central G5 Limited.

We were embarrassed by the lack of registration documents, so we decided to check if the scammers were telling the truth. It turned out that the number 09286913 really does mean Central G5 Limited, however, this type of activity has nothing to do with financial intermediation, and the organization itself was liquidated in January 2021. The G5 Finance scammers simply stole the data of a company that no longer operates, knowing that no one will file a claim against them.

As for contacts, only the feedback form and e-mail are available to users. There is no phone number or links to pages on social networks. Often, users in reviews write that such scammers themselves call their victims.

The “Terms and Conditions” of the scammer was hidden in the registration form. In this document, we found a lot of points, the agreement with which puts the trader in a losing position:

• the investor must confirm that he had the opportunity to try his hand at a demo account, which does not even exist;

• G5 Finance is not responsible for the information provided on the site;

• scammers can transfer confidential client information to a third party without warning.

Also in the “Terms and Conditions” we found a clause stating that G5 Finance is under the jurisdiction of the Estonian regulatory authorities.

We are sure that the scammers simply stole this document from another broker and did not change any data in it, since there is not a single mention of them in the database of Estonian legal entities.

The hero of our review repeatedly repeats that users' money will be safe, but he does not say a word about his license, and it is she who shows the reliability of any agent. G5 Finance focuses on Russian traders, as evidenced only by the Russian localization of the site. In 2016, Law No. 460-FZ was adopted, according to which brokers can work in our country only after obtaining permission from the Central Bank of the Russian Federation. It turned out that the scammers violate this order, since there is no information about them in the register of the Central Bank.

Trade offers

G5 Finance does not say anything about spreads and swaps, but claims that the leverage reaches 1:500. The pseudo-broker claims that this will make it possible to earn money with a small amount. However, experienced traders know that it is dangerous to trust intermediaries who promise such leverage: it indicates that all transactions are carried out only within the platform, and all trading is simply simulated.

There is not even an entry threshold on the site, not to mention the types of accounts. From the reviews, we know that such swindlers come up with conditions on the go, based on the financial condition of the victim. But the scammers were not too lazy to come up with a bunch of advantages:

• more than 1000 assets;
• professional technical support, which can be contacted around the clock;
• instant execution of orders;
• current quotes.

There are no training materials on site. Users have access to the economic calendar and news that were last updated more than a week ago - 11/01/2021.

Reviews about the “kitchen”

Users have not yet had time to leave feedback on the scam, since it has recently begun to actively promote itself. As soon as customers start talking about their bitter experience, we will immediately update the material. If you are among the victims of G5 Finance, feel free to write about it in a review!

How do scammers cheat investors?

To search for "Pinocchio" scammers use thematic forums. They focus on beginners, because experienced investors will immediately “bite” them. From the reviews, we know that such “kitchens” ask for 100-200 dollars to attract poor traders. 

Each client is assigned a personal manager who advises where to invest money. There is no smell of real trading on the platform, so scammers can “draw” any income. Inspired by success, users take their last money to them, some take loans. When it comes time to withdraw them, it turns out that you need to pay a commission for withdrawing from a segregated account, then for a transfer to a Russian bank. Then fake employees of the Federal Tax Service call the investor and demand to pay taxes. If you do not understand in time that all this is a divorce, you can lose about 5 thousand dollars.

Outcome

G5 Finance is a typical sharaga that preys on naive traders. If you do not want to give money to scammers, bypass them on the tenth road!