GlobelFX Review: A High-risk Trading Platform

× Alert!
  • - Can't withdraw your funds from this fraudulent company or broker?
  • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
  • - Or is there an excessive delay in processing your withdrawal?
  • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

It's a CONFIRMED scam broker/company, recover your stolen funds by filling out the form below and you will get a FREE Got-Payback consultation today:

Fill in the form in the page below to recover your lost funds from this scam company
You will be redirected to got-payback.com after clicking the image

GlobelFX Review
  • Compliance, License and Regulation
  • Contact and support
  • Deposit safety
  • Trading Platform
  • User experience
0.9

Summary

A warning is out from the FCA regarding GlobelFX. Please find out more in our detailed globelfx.com review.

GlobelFX claims to offer traders everything they need to succeed at trading. Far from it, Globel FX is another con well-packaged to appear as if it’s the best trading platform. Currently, members are having a hard time trying to recover funds. This is after globelfx.com blocked all withdrawal attempts. Word reached regulators, and the Financial Conduct Authority issued a warning. Here’s what you need to know in our thrilling GLOBELFX REVIEW.

Note: When trading in the forex world, you need the best tools for such. These include proven forex trading robots that offer traders an advantage. Take hold of expert-backed forex trading robots and make the difference.

A Brief Analysis of GlobelFX

GlobelFX claims to be a broker offering a superior trading platform on the about us page. However, its clear navigation is nearly impossible when you look at the website. This is because the platform tries to have all information on one page.

GlobelFX Review: Pros and Cons

With the dark theme, it makes the user experience one to forget. The platform speaks volumes with its aesthetics. The people running it have no forex trading experience. No forex professional would go for a dark-themed website.

A lot of information is also missing from the platform. There’s no information on their background and history. The platform wants us to buy everything sold on the platform. That’s not going to happen as we must peruse through every page.

After checking the platform out, there were some glaring issues we must expose. One of them has to be that GlobelFX faces a warning from the FCA. So naturally, once a regulator issues an alert, you need to stay away from such platforms.

The chances are that the platform is taking members for a ride. After depositing funds and trading, the platform eventually blocks withdrawals. We have seen this happen way too many times before with exit scams.

To avoid such scenarios, you need to find why a platform best suits your trading needs. These platforms usually target beginner and novice traders. Most of them are eager to trade and don’t care much about a platform.

Experts recommend researching on a platform first before committing funds. Then, you can reach out to us and request we do a review on your behalf. That’s the best way to guarantee safety when trading via online platforms.

Accounts and tiers GlobelFX

GlobelFX offers three account types to anyone bold enough to try them. These include Classic, Pro, and VIP. Each of these accounts provides a different feature than the other. The accounts also have additional depository requirements.

Here’s a closer look at each of these three accounts;

Classic

For the classic account holder, the platform sets this for beginner traders. You have to deposit a minimum of $100 to get started. Spreads start from 3.0 pips with maximum leverage set at 1:500 on all assets.

Pro

Spreads start from 2.5 pips with the acceptable minimum deposit set at $500. There are zero commissions with the account offering Swap-free features. You get to trade with four assets which include energies and forex.

VIP

It’s the most exclusive account, with investors having to deposit $1,000 to get started. Spreads start from 2.0 pips. The minimum lot size on all accounts is 0.01, with an Islamic account option.

Accounts GlobelFX

Account Highlights

One of the glaring red flags with these accounts is the high leverage of 1:500. Such leverage puts your trading at risk. In addition, the platform will likely earn commissions as members lose due to high leverage.

Regulators have come up with measures to protect members from such cases. And this includes putting a cap on leverage at 1:100 in Europe. Retail traders in the United States enjoy maximum leverage of 1:50.

There’s also no demo account on these accounts. Members have to test the features with a live account. A serious trading platform will infuse the demo account with the available trading terminal.

That’s not the case, as the platform fails to offer members a safety net. There’s no mention of negative balance protection on these accounts. That’s why we have to expose the store for its failures.

Affiliate and IB Programs

The platform offers an affiliate program to get as many users to sign up. The program claims to provide a 25 percent commission. Although it sounds like a perfect way to earn passive income, it’s not the case.

You will likely fail to earn any commission as the platform doesn’t release conversion data. The platform is only looking to take advantage of your connections. We have to expose it for failing to deliver on its promise.

Those who you direct to join the platform end up not withdrawing funds. As a result, you end up facing the blame from investors. So we have to expose the platform and issue a stern warning to investors.

Assets and trading instruments

There are four classes of trading instruments available on the platform. These include commodities, forex, indices, and stocks. Some commodities to trade with include energies, metals, and natural gas.

Forex trading is at the core of the platform’s activities. Some of the trading pairs include those of major and minor currencies. Unfortunately, you don’t get to spread risks with exotic pairs, which is a problem.

Indices provide day traders with an excellent opportunity to spread risks on the international stage. Some of the indices to find include DAX, Dow Jones, Nikkei, NASDAQ, etc. These are some of the more relatable trading assets.

Lastly, we have stock trading, which has been there for decades. Some of the stocks to find include leading manufacturers and tech companies. These include Amazon, Apple, and Google.

Are funds safe with Globel FX? NO

Bonus and rewards

The platform claims to offer a welcome bonus to members to get more users to sign up. Despite being an appealing feature, regulators are against it. These platforms will later use the bonus to hold your balance hostage.

You won’t get to withdraw a penny unless you fully pay the total deposit amount. We have to expose the platform for failing to offer meaningful trading options. Stay away from platforms offering bonuses and commissions.

Business owner

No information is available as to who owns or runs the platform. And that makes GlobelFX an anonymous investment platform. Such platforms make it hard for members to feel safe or their funds.

Recovery agents don’t have the power to get funds back from such entities. As a result, owners usually store such funds in an offshore account. That’s why we insist on staying away from anonymous trading entities.

Contact and support

Don’t expect contact or support from a platform with no contact details. The platform fails to offer members with live chat support. We see a platform failing to guarantee members direct communication with staff.

Deposit and fund safety with GlobelFX

Your funds are far from safe, with a platform failing to offer safety of funds. Investors don’t have any safety net to fall on if the platform winds up. These are the reasons why regulators issued a stern warning regarding Globel FX.

License and Regulation GlobelFX

FCA warning globelfx.com

GlobelFX does not comply with any trading regulations. The platform fails to provide any valid documents to prove compliance. There’s also a warning from the FCA regarding usage.

Our verdict

Please stay away from globelfx.com.

PS: You can trade safely with reliable forex trading robots.

Feel free to drop a comment or email us with any queries.

Leave a Reply

Your email address will not be published. Required fields are marked *