ghctrade.com: Hopefully is not a stupid question or case and needed advice.

4evermaat

2nd Lieutenant
Messages
905
On May 2019, i was invited to join in forex world by WSPRO from Malaysia which their company is have a cooperation with GHC (GLOBAL HOLDING CAPITAL) as their broker.
WSPRO has 2 package to join :
1. Beginner : $ 1500 Deposit ( $300 is locked for Inssurance and 1200 can be traded )
2. Gold : $ 7500 Deposit ( $ 1500 is locked for Insurrance and 6000 can be traded )
and they have so many bonus like ponzi scheme which is like leadership bonus ( if you can get member to join below you ). and rebate bonus from each trading.

I investigate that GHC has ASIC and FINTRAC as their certificate, so i believe is legit also it has a good score at wikifx (regulated)

WSpro has a features that makes me believe if they are legit. it's an inssurance and you can trade manually. so i think this is legit.

May until August they are show a good performance and pay a good profit to us.
Some Investors trading with manual trade to dig more profit on it. but some Investors also got Margin loss due their loss in manual trading.

On early September. unilaterally GHC/WSPRO announce that GHC receive so much lost because of Inssurance Feature and they remove their inssurance feature.

On Mid September they annouce that Member Can't withdraw their capital or they froze all of our MT4 for they investigation (trading Lost - Inssurance) they threat us to banned all MT4 who caught cheat.

On End September they annouce and give us 2 option ( which this option is Made by GHC due their Loss )

Option 1. GHC Lock you MT4 but Investor can withdraw their Capital in condition
( Beginner Pacakge $1500 = trading manually 100 lot within 3 month)
( Gold Package $7500 = trading manually 500 lot within 3 month )

Option 2. All the MT4 transfered to WSPRO register wallet and Investor must inject 70 % more money to continue this program

all the option are sound impossible to us as an Investor. an all the option is impossible to us to withdraw our money so that i review GHC and WSPRO is SCAM
If we dont choose any option until 1st november 2019. it will automaticly going to option 1.

WSPRO SITE : login.wspros.co/home/login.aspx?language=en-US
GHC SITE : ws.ghctrade.com/Login.aspx
GHC SITE 2 : ghctrade.com/en/about-us.html
GHC (global holdings capital) aka Wspro is a scammer

Currently in Asia, there are thousand people scammed by them

They force us to trade more than 500 lot within 3 months if want to withdraw money and profit, it is really non sense !

@whelzone @FXTrader @agoes333 @indotrader and others

If you have an issue with a company, you must open up your own independent scam alert threads and submit evidence. The more independently verifiable cases, the easier it is to sort through evidence and higher chances of getting justice.

 

4evermaat

2nd Lieutenant
Messages
905
@FPA Forums Team the OP has attachments that are not showing (the first post). It may be due to the forum upgrade. Can you get these attachments re-attached?

@Liiiga

Some scams will claim to be regulated, but if you check carefully the company is not actually regulated. Or does not have the correct license for what services that they offer. I could not view your screenshots, but a quick look at https://ghctrade.com/en/index.html it shows no regulation information. If you look further on other pages you will see no mention of their AFSL number, which is required to be listed on all of their webpages. Notice this video shows no mention of Au Regulation at all.

View attachment bandicam 2019-11-21 01-25-23-578.mp4




















Regulation is not a guarantee of safety, but in well-regulated jurisdictions, you usually have some recourse. But that recourse becomes 0 if the broker is not regulated at all where you thought they were.
 
Last edited:

Liiiga

Private
Messages
23
@FPA Forums Team the OP has attachments that are not showing (the first post). It may be due to the forum upgrade. Can you get these attachments re-attached?

@Liiiga

Some scams will claim to be regulated, but if you check carefully the company is not actually regulated. Or does not have the correct license for what services that they offer. I could not view your screenshots, but a quick look at https://ghctrade.com/en/index.html it shows no regulation information. If you look further on other pages you will see no mention of their AFSL number, which is required to be listed on all of their webpages. Notice this video shows no mention of Au Regulation at all.

View attachment 48652




















Regulation is not a guarantee of safety, but in well-regulated jurisdictions, you usually have some recourse. But that recourse becomes 0 if the broker is not regulated at all where you thought they were.
Hi 4evermaat, it is true that it doesn't mention regulation information such as AFSL in their page except FINTRAC number. It only mentioned they are authorised and regulated under ASIC which shown in "about us" https://ghctrade.com/en/about-us.html
I have emailed ghctrade customer service before and got reply from them as per below. (attached their reply screenshot)

Canada
Legal names of MSB: GHC GLOBAL HOLDINGS CAPITAL LTD
Operating or trade names of MSB: GLOBAL HOLDINGS CAPITAL LIMITED
MSB registration number:
M19327148

Australia
Global Holdings Capital Pty Ltd
AFSR: 001275009

I have checked those number in ASIC website and it is also registered under Alpha Securities Pty Ltd Licensee.(attached)
Even AFCA guy did mention if I lodge a complaint to Global Holdings Capital Pty Ltd, it means my complaint will against Alpha Securities Pty Ltd instead as its Licensor.

Another simple point I have studied that this company is not properly managed by looking at the ghctrade.com page, it also shows the same data of total trade volume and number of clients for six months. (period when I started to study the website untill today)

Fyi, another company that is using GHC as their brokerage partner that I heard was 1 World Global Pte Ltd in China.

Am not sure if the informations I have seen was true enough to get a valid jurisdiction and scratching my head to solve my issue with them unless if I have already fallen into a zero chance to fight and get back my money.
At least, I hope no other victims fall into this unproffesional company especially those from Asia region.

Please suggest based on information given here.
Thanks for helps!
 

Attachments

FPA Forums Team

Caution: Moderators at Work
Messages
96
@FPA Forums Team the OP has attachments that are not showing (the first post). It may be due to the forum upgrade. Can you get these attachments re-attached?

@Liiiga

Some scams will claim to be regulated, but if you check carefully the company is not actually regulated. Or does not have the correct license for what services that they offer. I could not view your screenshots, but a quick look at https://ghctrade.com/en/index.html it shows no regulation information. If you look further on other pages you will see no mention of their AFSL number, which is required to be listed on all of their webpages. Notice this video shows no mention of Au Regulation at all.

View attachment 48652




















Regulation is not a guarantee of safety, but in well-regulated jurisdictions, you usually have some recourse. But that recourse becomes 0 if the broker is not regulated at all where you thought they were.
Thanks for the highlight, we are working on it.
 

Liiiga

Private
Messages
23
@FPA Forums Team the OP has attachments that are not showing (the first post). It may be due to the forum upgrade. Can you get these attachments re-attached?

@Liiiga

Some scams will claim to be regulated, but if you check carefully the company is not actually regulated. Or does not have the correct license for what services that they offer. I could not view your screenshots, but a quick look at https://ghctrade.com/en/index.html it shows no regulation information. If you look further on other pages you will see no mention of their AFSL number, which is required to be listed on all of their webpages. Notice this video shows no mention of Au Regulation at all.

View attachment 48652




















Regulation is not a guarantee of safety, but in well-regulated jurisdictions, you usually have some recourse. But that recourse becomes 0 if the broker is not regulated at all where you thought they were.
Fyi, there is a risk disclosure in the opening account webpage which mentioned the AFSL number and (subsidiaries wholly owned by Alpha Securities).
 

Liiiga

Private
Messages
23
Fyi, there is a risk disclosure in the opening account webpage which mentioned the AFSL number and (subsidiaries wholly owned by Alpha Securities).
Here we go, I have found that the company just recently updated its RISK DISCLOSURE file. the main changes was in the Client's Acknowledgement. Seems the company trying to add up more points into the file which contradicted with the other informations and try to remove the evidence. I have video it and screenshot the evidence on the changes.

Let us see if the company has something to come out here.
 

Liiiga

Private
Messages
23
Seems no response yet from the company even after FPA admin had invited them.
Read under ASIC and AFCA guidelines, they did suggest that a forum discussion is also considered as one of the platform in resolving internal dispute between financial firms and clients. This however still ignored by the company.
@AsstModerator @4evermaat
what is best to describe them now? any suggestions on the next stage please?
 
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