Reported as a scam / unregulated
Why GYD is on the register
GYD claims to be a regulated broker under multiple regulations including “the England FSP”, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the America National Futures Association (NFA). Firstly, there is no such regulator named the England FSP exists. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). So we searched on FCA but found no matching results to GYD. Secondly, please be informed that the Canada FINTRAC does not regulate forex activities. Thirdly, we searched on the US NFA, and found that GYD is not under valid regulation by the US NFA since it is not an NFA member. The truth is that GYD is not regulated by any regulators. Letting this broker hold or control customers’ money is unsafe and the money can not be protected by any laws. Therefore, it is 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.