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General Trust Group Review | A Reputable Website or Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 3
General Trust Group - logo

Prepare to enter the dark underbelly of General Trust Group, a seemingly reputable website that hides a web of deceit. Brace yourself for a gripping expose as we unravel the truth behind this elaborate scam. On this journey, we’ll check reviews and testimonials, unearthing a disturbing pattern of manipulation and fraudulent activities.

Highlights

🏛️ Country Switzerland
⚠️ Regulation
🖥️ Website https://generaltg.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $100
⚖️ Minimum and Maximum Leverage 1:200 – 1:400
⚙️ Trading Platform WebTrader
📨 E-mail support@general-tg.com
📞 Phone +48780908889

First Impression of Generaltg.com

At first glance, the official website of General Trust Group appears sleek and polished. However, a closer look reveals a glaring flaw that taints the overall impression – the agonizingly slow loading speed. The cause of this inconvenience remains a mystery, perhaps stemming from an excessive number of unnecessary elements. And that’s just the beginning. Surprisingly, the administration has dedicated separate pages for each FAQ question, providing brief answers in a single sentence. The language selection on the website is also quite perplexing. While Switzerland, the broker’s supposed origin, is known for Romansh, French, German, and Italian languages, the language panel offers only English, German, and Russian.

General Trust Group - website

Partnership and Bonuses

General Trust Group boasts a bonus program, claiming it to be highly lucrative. They even mention the availability of their media tools. However, specific details about these offerings remain hidden from public view. The size of the rewards and bonuses also remains undisclosed, leaving potential clients in the dark.

Account Opening on Generaltg.com

The registration process on Generaltg.com follows a fairly standard procedure. Simply fill out a small form with your personal details, optionally entering a promotional code if you have one. However, creating an account is still possible even without a promotional code. Upon completion, you will gain immediate access to your personal dashboard. Interestingly, General Trust Group doesn’t seem too concerned about the accuracy of the email or phone number you provide, as they do not undergo verification.

Registration

Within the Client Portal, your options are disappointingly limited. To unlock all the features, including the web trader, you’ll first need to undergo verification and fund your account.

General Trust Group - Client Portal

Verification

General Trust Group implements a verification process to ensure compliance with regulatory requirements and enhance the security of its platform. Upon registration, you’ll be required to provide accurate personal information, including your full name, date of birth, address, and contact details. Also, broker will request supporting documents to verify your identity. Typically, they will ask for a valid government-issued identification document, such as a passport or driver’s license. You may need to submit a clear, color scan or photograph of the document. As part of the verification process, General Trust Group will ask for proof of your residential address. This can be demonstrated through recent utility bills, bank statements, or official government documents that display your name and address.

Pros
  • A convenient form for document uploading.
Cons
  • It’s not specified how fast support will check your documents.

Trading Software

We would have liked to provide more insight into the General Trust Group platform, but unfortunately, even the broker itself doesn’t elaborate much on this matter. We can only deduce that it is not a proprietary development, as we have come across similar layouts and integrated platforms before. It appears to be a minimally functional web trader. Considering that the company doesn’t disclose the platform provider, you can hardly expect high-class performance.

Features General Trust Group VastWealth  WebTradePros
Demo Account ❌️ ❌️ ❌️
Mobile App ❌️ ❌️ ❌️
Own Development ❌️ ❌️ ❌️

How Can I Trade With General Trust Group?

The broker offers trading opportunities across hundreds of markets and claims to provide unique advantages. Let’s delve into what traders can actually expect from General Trust Group.

All Info About Accounts

The broker offers three types of accounts: Silver, Gold, and Platinum. Depending on ‌account type, the conditions vary slightly. The Silver account, being the introductory level, only offers leverage and advanced charts. The Gold account provides even higher leverage, up to 1:300, along with the assistance of a personal manager and a swap discount. The Platinum account raises these figures further, with a 50% swap discount and the leverage of 1:400. Traders with Platinum accounts also gain access to exclusive webinars. Did you also find any unique advantages here?

Pros
  • Low minimum deposit.
Cons
  • Dubious trading conditions
  • High leverage.

Market Analysis and Education With Generaltg.com

Market analysis and education seem to be part of General Trust Group’s offering, based on account descriptions. However, the specific content of these exclusive webinars and the qualifications of the managers who will support you in trading remain unknown.

Deposit, Withdrawal, and Fees

General Trust Group claims to provide clients with numerous convenient deposit methods. Meanwhile, upon closer inspection, we only found Visa and MasterCard options available. Commissions are not specified, and the processing times for requests are also kept undisclosed.

Features General Trust Group Virgobanc  IronGatesFX
Debit/Credit Cards ✔️️ ✔️ ✔️
Electronic Payments ❌️ ❌️ ❌️
Crypto Transfers ❌️ ✔️ ❌️
Deposit Fee ❌️ ❌️ ❌️
Withdrawal Fee ❌️ ✔️ ❌️

How Can I Contact General Trust Group?

Broker offers contact options via phone and email, along with a live chat feature on their website. However, we have some reservations regarding the broker’s office address. It is listed in Switzerland, while the provided phone number appears to be from Poland. Moreover, we couldn’t find any evidence confirming that the General Trust Group office was actually located at the specified address.

Pros
  • Full contacts.
Cons
  • Most likely the fake legal address.

Is General Trust Group Dangerous?

We have already established that the broker’s trading conditions are not particularly unique. Now let’s take a look at how safe it is to work with them.

How Long Does The Broker Work?

The official website does not provide any information about when the broker started operating. Even in the “About Us” section, there is only meaningless information. Additionally, there aren’t many reviews about this company available online. And as a customary step, we promptly checked the domain. It was registered in March 2023, so General Trust Group has been around for just about a month.

Domain info

How Is General Trust Group Regulated?

Regarding licenses, broker does not mention anything about them. The high leverage mentioned in the trading conditions clearly indicates that the broker is operating in violation of the regulations of Switzerland and the broader European region. Checking the registry in Switzerland revealed that there is no legal entity named General Trust Group listed. Therefore, it can be concluded that this broker does not have a license.

Features General Trust Group MTcapitals  Tradercr
European Zone ❌️ ❌️ ❌️
Asian Zone ❌️ ❌️ ❌️
American Zone ❌️ ❌️ ❌️
African Zone ❌️ ❌️ ❌️
Offshore ❌️ ❌️ ❌️

Frequently Asked Questions (FAQ)

How to Trade With General Trust Group?

To trade on this platform, you need to register, pass verification, and fund your account.

Is General Trust Group Legit?

No, it is not legit. This company is not registered anywhere and doesn’t have a license for brokerage services.

How Risky Is It?

This broker seems to be very dangerous as it is just an anonymous site with no legal documents. 
Kevin Berry
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Expert Opinion

It turns out General Trust Groupy is rocking some shady software, like AnyDesk and TeamViewer. Now, these tools may be commonly used for remote access and tech support, but they also happen to be favorites among scammers for unauthorized computer infiltration and data snooping. When a brokerage starts resorting to these dubious programs, it’s not just a sign of bad intentions. It’s a neon sign flashing “unprofessional” and “unreliable” in bright colors. Legit brokers don’t need to stoop to such sketchy tactics. They value their clients’ security and privacy, and they sure as heck don’t mess around with snake-oil software. So, take my word for it: General Trust Group is swimming in some murky waters.

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General Trust Group rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about General Trust Group

Angela May 2, 2023 - 18:24
It's a fake.
The level of trust

generaltg.com is not a broker by any means. It’s a classic scam. You are trading against the company, not against other traders. Trading against an anonymous company according to their own rules is foolish and detrimental to your deposit. There is nothing more to say. If you’re looking for a broker, I wouldn’t even consider General Trust Group. There are reputable companies out there, but this is not one of them.

Reply
Eric May 8, 2023 - 23:47
There is no doubt that it's a scam.
The level of trust

You can rest assured about this broker. GTG will swindle you without mercy. Any financial investment in this brokerage garbage turns into nothing. More precisely, it is stolen by the creators of this scam, who hope that as many naive people as possible will fall for their fraudulent project. This scam appeared relatively recently. Therefore, I do not recommend investing money here because it is evident that you are giving your money to pathetic scammers. I hope karma catches up with them, and they realize that deceiving vulnerable people for a profit is not right and carries significant risks.

Reply
Alan May 12, 2023 - 13:04
This company scams people and does not process withdrawal requests.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

General Trust Group deceives people through various methods. For instance, they may showcase profitable trades supposedly made by their real clients trading with a personal manager. However, these trades are fake and fabricated, designed solely to entice individuals to deposit funds. Additionally, General Trust Group forcefully provides bonuses that make it impossible to withdraw any funds from the account due to the imposed conditions. The broker will continuously invent reasons why they cannot process your withdrawal request at the moment. They may initially blame technical issues and later claim issues with your KYC. They may also attempt to persuade you to keep your funds, offering opportunities to earn from some promising news or signals, falsely claiming substantial and rapid capital growth. Eventually, if the trader insists on withdrawing their funds, the company will either take the money and block or freeze the account. They will come up with reasons, such as accusing the trader of violating rules or some other absurdity. In summary, it is not possible to withdraw money from this company.

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