GVD Markets and Withdrawal Controversy
Author : Berita Valas | Published On : 18 Aug 2026
In forex trading activities, the ability to make withdrawals is an important aspect that traders must pay attention to before depositing funds. Brokers may offer a variety of attractive features, promotions and trading conditions, but all of these become less meaningful if the fund withdrawal process causes problems.
GVD Markets has come under scrutiny following a number of user reports detailing difficulties with withdrawals, requests for additional deposits, and alleged tax-related payments. One user identified as FX4275582912 claimed that they were repeatedly asked to make deposits in order to process a withdrawal. These reports have not yet been verified by WikiFX.
There are also other reports stating that users have paid 2,800 USDT under the pretext of taxes, but the funds they intended to withdraw have still not been processed. It is important to emphasize that such information constitutes claims from users, and is not a legal ruling proving that GVD Markets has committed a violation.
Why Is a Request for Additional Deposit Required to Be Reviewed?
Under normal circumstances, traders need to first understand the provisions governing withdrawal fees, taxes, or other related obligations.
If a request arises for a trader to send new funds before the previous balance can be withdrawn, the first step is not to make the payment immediately. The trader needs to request a written basis explaining the reason for the request, the amount to be paid, the payment method, as well as the relevant contract provisions that serve as the reference.
Extra vigilance is required when the reason for payment is inconsistent or the information provided by customer service cannot be found in the official documents of the broker.
22 Complaints Draw Attention
The GVD Markets profile in the reference materials records 22 user complaints. The profile also gives a WikiFX score of 1.36 along with several risk indicators, such as "Suspicious Regulatory License", "Suspicious Business Scope", and "High Potential Risk".
User reviews reveal several types of complaints. Withdrawal issues emerged as one of the core themes, followed by claims regarding additional deposits and payments labeled as taxes.
Apart from the issue of fund withdrawal, there are also old reports concerning trading conditions. One user complained that the spread was considered excessively wide, and the candlesticks appeared abnormal during certain periods.
Not all of these reports can be regarded as proven facts. However, the recurring pattern of complaints can still be used as a basis for conducting further due diligence.
Indonesian Traders Also Appear in the Presentation
The issues surrounding GVD Markets are also of particular relevance to Indonesian users.
The reference materials mention that there are user exposures categorized as originating from Indonesia, including the User ID FX4275582912 and a user named Entah Chi.
This indicates that the discussion regarding GVD Markets is not only related to the user experience from other jurisdictions.
For Indonesian citizens, using a broker with an overseas entity structure can make dispute resolution more complicated. It is necessary to understand the differences in applicable regulators and laws before placing funds.
Therefore, the claim that a certain broker holds an overseas license should not be directly interpreted as a guarantee that the funds of Indonesian traders are protected.
Who Actually Operates GVD Markets?
One important aspect of broker verification is confirming the identity of the legal entity.
The official website of GVD Markets states that GVD Markets Capital Ltd is the entity operating the domain GVDMarkets. com. The company claims to be regulated by MISA in the Union of the Comoros under license number T2023331, as well as company number HY00723419.
However, GVD Markets also lists several affiliated entities, including:
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GVD Pro Capital Limited di Mauritius;
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GVD Prime Capital Limited di Seychelles;
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GVD Korimcy Ltd registered in Cyprus.
Each entity has different jurisdiction and regulator information. Therefore, the brand name GVD Markets alone is not sufficient to determine which regulator is responsible for a trader's account.
GVD Korimcy Ltd and CySEC License
The reference material also discusses GVD Korimcy Ltd, which once held a CySEC license numbered 411/22.
On the official CySEC page referenced in the document, the name currently displayed is Harmovest Capital (Cyprus) Ltd (ex GVD Korimcy Ltd) with license number 411/22.
This information illustrates why traders need to distinguish between different entities.
GVD Markets Capital Ltd of the Comoros does not share the same legal identity as GVD Korimcy Ltd of Cyprus. Therefore, traders need to confirm which entity is actually specified in the account opening agreement and will receive the funds.
Kantor GVD Markets Not Found in WikiFX Survey
Corporate transparency also came under scrutiny following WikiFX's on-site survey conducted on 22 October 2024.
In the report, the WikiFX team stated that they had visited the address associated with GVD Markets, which is 20 Omirou, Thomaides Group, 1st Floor, M2, Limassol, Cyprus. However, the team noted that they found another company at the building and found no signs of GVD Markets at the address they inspected.
Those findings do not automatically prove that GVD Markets is a fraudulent company. However, the discrepancy between public information and the results of on-site inspections can serve as grounds for further examination into the company's actual existence and corporate structure.
Risk of Clone Sites
Traders also need to distinguish between GVD Markets and websites that falsely claim to use this brand name.
In April 2025, WikiFX reported that there were two websites alleged to be imitating GVD Markets, namely gvd-markets. com and gvdmarketsltd. com. These alleged counterfeit sites were claimed to use the name and logo of GVD Markets to attract deposits while imposing high withdrawal fees.
Therefore, traders must check the domain before logging in or initiating a transfer.
If someone suffers losses through a fake website, such a case cannot be directly deemed as an act of the genuine GVD Markets. Verification of the domain name, recipient account, entity identity, and communication with the party claiming to be the broker is of critical importance.
How to Assess the Risks of GVD Markets?
It is inappropriate to conclude that GVD Markets is a scam broker solely based on user complaints.
However, there are several points worth noting:
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Information regarding unprocessed withdrawals.
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Claims regarding requests for additional deposits.
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Claim 2,800 USDT payment before withdrawal.
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WikiFX score of 1.36 and a number of risk indicators.
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Survey results indicating that the office was not found at the address inspected.
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Structure of several entities with different regulators.
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Report on websites impersonating the GVD Markets brand.
These factors do not automatically prove a violation, but they are sufficient to prompt prospective traders to conduct additional checks before sending funds.
What Should You Do If You Are Asked to Make Another Deposit?
If your withdrawal is associated with an additional deposit obligation, do not send funds directly.
Please check first:
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the request basis in the agreement;
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written cost breakdown;
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payee identity;
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the payment method used;
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Entity status regulator;
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evidence that such obligation truly originates from the broker;
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as well as the official withdrawal procedures.
Especially for tax-related claims, traders should not simply regard a payment as a legitimate tax obligation just because the customer service says so; independent verification is necessary.
Conclusion
The controversy surrounding GVD Markets has drawn particular attention due to users' reports regarding withdrawal issues and demands for additional funds prior to disbursement.
Reports regarding offices that were not found in the WikiFX survey, as well as the existence of websites referred to as clones, also make the verification of domains and the identities of fund recipients increasingly important.
However, all user reports must still be positioned as claims or exposures, not legal verdicts.
For Indonesian traders, the simple principle is: do not add a deposit just because you are promised that a withdrawal will be processed. First, make sure to confirm which entity holds the funds, which regulator oversees it, the basis for the payment request, and the officially stated withdrawal terms.
