About Gilmore Capital
General Overview
Gilmore Capital is an online broker that presents itself as a provider of forex and CFD trading services. The company claims to be based in Switzerland, with a registered address at Grafenauweg 14, 6300, Zug. However, the broker's ownership and operational history remain opaque, with no founding date or corporate registration details publicly available. The domain gilmore-capital.com was registered relatively recently, suggesting a short market presence.
Regulatory Status
Gilmore Capital is not licensed or authorised by any known financial regulator. A search of the Swiss Financial Market Supervisory Authority (FINMA) register yields no matching entity, contradicting the broker's claim of Swiss registration. The UK's Financial Conduct Authority (FCA) has issued a warning against Gilmore Capital, stating that it is an unauthorised firm targeting UK consumers. Several third-party platforms, including industry databases, have flagged the broker as a potential scam due to its lack of regulatory oversight.
Trading Offering
Based on the limited information available, Gilmore Capital appears to offer forex and CFD trading. However, the broker's website does not disclose key details such as tradable instruments, trading platforms (e.g., MetaTrader 4/5 or proprietary solutions), leverage options, or spread structures. This lack of transparency is a significant concern for potential traders seeking to evaluate the broker's offering.
Client Feedback and Complaints
User reviews and reports from independent sources indicate widespread dissatisfaction. Multiple reviews report difficulties with withdrawals and unresponsive customer support. The absence of any positive feedback on reputable review sites further underscores the negative sentiment. The broker has been labelled a 'scam' by some industry watchdogs, with reports of clients being unable to retrieve their funds.
Risk Considerations
The absence of a regulatory licence means that traders have no recourse to a dispute resolution scheme or compensation fund in the event of a dispute. The broker's high risk score on industry risk assessment tools reflects these concerns. Combined with withdrawal complaints and a lack of verifiable corporate information, Gilmore Capital presents a substantial risk for retail traders. FXCanary advises extreme caution when considering any engagement with this entity.
Overview compiled by FXCanary from regulatory records and public data. full Gilmore Capital review