General Trust Group Review | A Reputable Website or Scam?

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

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.

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.

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.

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.

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.

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?

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.

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.

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.

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.

Frequently Asked Questions (FAQ)

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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.