On-line since: About the company: Depaho Ltd is a Cyprus-based company that owns several trademarks. About the company. Security of funds Depaho Ltd is registered in accordance with the Cyprus legislation and operates under the trademarks FXGM (www.fxgm.com), GTCM (www.gtcm.com), and TAO TRADE (www.taotrade.com). Depaho is regulated as a Cypriot investment company, registered by the Cyprus Securities and Exchange Commission (the licence number is 161/11). The Cyprus Securities and Exchange Commission (CySEC) is an independent state authority that is responsible for supervising the investment services market and transactions on securities that are conducted in the Republic of Cyprus. Depaho is obliged to provide the regulatory body with all the documents on transactions and to keep at least EUR 730,000 on its account in order to prove its financial stability. Depaho Ltd is a member of the Investor Compensation Fund. So, in case its subsidiary brokers go bankrupt, traders will get compensation of part of their funds. Depaho Ltd is authorized by several regulatory bodies. Here is a list of them:
Among the domains – FXGM (www.fxgm.com), GTCM (www.gtcm.com), and TAO TRADE (www.taotrade.com) – the first one is active. GTCM cannot be accessed in some countries. The third domain does not operate at all. Client Support Service Depaho Ltd is headquartered in Nicosia, Cyprus. The registration address is Limassol, Cyprus. Investors can contact representatives of the company by phone, fax or email.
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Depaho Ltd is an unclear broker. They are not transparent with their traders. I sent a withdrawal request of $750 from my balance on 21 March 2022, but my request did not approve till today. For this reason, I sent 15 plus mail to the client support department, but I did not get any reply from their support. I really have a doubt about Depaho Ltd honesty and transparency. They are untrusted and unreliable. Stay away
I am very pleased trading with Depaho Ltd. Instant executions. The fund withdrawal request is very fast. I request for fund and I received the money in my BitCoin within a day. Their customer support is very competent and professional in handling clients.
Most of the accounts rates were manipulated by this company and majority of the participants are their staff. Previously, my friend told me, that this broker is not very good, and that many scams have occurred. I felt very disappoint and no luck at all with this cheated. I can't stand trading with this broker anymore. It often disconnects and then can't reconnect on its own. When you start winning your trade they manipulate the market. I close my account.
I just bumped into Depaho Ltd while browsing through a list of possible Forex brokers. I checked it out but it doesn't seem to be reliable. So far, all I am seeing are negative reviews and complaints regarding their trading experience with this broker.
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