Reported as a scam / unregulated
Why GMG (GrowthMaxGlobal) is on the register
GMG claims to be registered in Comoros and displays a license number L15971/GMG, which is reportedly issued by the Anjouan Offshore Finance Authority (AOFA). However, after checking the official registry of AOFA, we were unable to locate any record of GMG under this license number. This raises serious doubts about the validity of their licensing information. Also, AOFA is an offshore regulator with a reputation for minimal oversight and lack of international recognition. Furthermore, GMG claims to be regulated by the Australian Securities and Investments Commission (ASIC), citing license number 500991. Upon verification through ASIC’s official database, it is not associated with GMG (GrowthMaxGlobal) in any way. Therefore, GMG’s claim of ASIC regulation is false and misleading. Based on these findings, GMG (aka GrowthMaxGlobal) appears to a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.