GlobalForexTrade Review: GlobalForexTrade.net Underhand Broker

GlobalForexTrade Review
  • Fund Safety
  • Client Feedback
  • Client Feedback
  • Regulation
0.5

Summary

GlobalForexTrade.net assures you of award-winning customer support and that all your queries are met and answered. Also, they promise you top-notch experience when it comes to trading. However, they do not showcase any qualifications data that shows you are dealing with professionals.

GlobalForexTrade is an offshore broker that offers shares and forex trading while maintaining financial thinking. They claim to feature free analysis tools and fast trade executions with zero commission charges. However, as a smart trader looking to make profits, you wouldn’t just blindly start trading with any broker, would you? You probably consider several factors before finally making any further investments. GlobalForexTrade allows minimum deposits from 25 dollars, yet we highlight several red flags they showcase as you read this unbiased review.

GlobalForexTrade Review, GlobalForexTrade Company

Accordingly, relying on these transparent forex brokers to make profits for you is highly effective, unlike GlobalForexTrade. They apply tried and tested strategies to attract sensible returns your way. Hence as you read further, you might reconsider any investment plans to indulge in any trade activities with them. They claim to offer more than 2000+ assets that you can choose to benefit from.

GlobalForexTrade claims to feature industry-leading prices, and they offer competitive spreads. How they come up with the said analysis is unknown. The trading world is highly competitive, and you should expect some good and bad days while trading. Also, the market faces high volatility; hence, profiting from another trader may not benefit you.

GlobalForexTrade.net  Review

GlobalForexTrade.net assures you of award-winning customer support and that all your queries are met and answered. Also, they promise you top-notch experience when it comes to trading. However, they do not showcase any qualifications data that shows you are dealing with professionals. Therefore you risk dealing with quacks who have no experience at all in the trading world. You should know the people behind any trading platform because you are risking your funds and personal data. 

GlobalForexTrade features videos that should welcome you and aid in your understanding of the platform. However, these videos feature professional actors paid to make the company seem legit, whereas they have no experience in the same niche.  Accordingly, they promise new traders an opportunity to benefit from the company. They claim the use of forecasts and educations, but no helpful data is visible. They feature content that can be accessible for free on the internet, and this data is not enough to transform you into an expert trader. 

Investment Plan 

GlobalForexTrade, like any other entity, tries to lure you into making deposits through various plans that you can choose and benefit from. A basic account allows you to benefit from the industry’s top entry prices. Accordingly, there is no actual reason why you should invest $25, which is the minimum deposit here.

GlobalForexTrade.net review, GlobalForexTrade.net Accounts

They grant traders award-winning customer service and high trading education. They also claim to feature risk management features that are not revealed anywhere in the platform. Thus it would help if you relied on risk management features such as stop-loss take profit during sudden market shifts. GlobalForexTrade does not mention any reliable trade approach, and purchasing an account with them might be a hard task.

The platinum account allows you to get even tighter spreads and low commissions. The minimum deposit is $2000, yet this plan is very costly for no reasonable purpose. The plan does not feature any variance with the Basic account. Also, they do not mention the returns you should expect, and you risk losing your funds. They do not have a demo account that users can use to familiarize themselves with how the company operates. 

How GlobalForexTrade.net works

GlobalForexTrade.net’s only main focus is the funds you deposit, and they have no interest in making profits for you. Alternatively, we can determine no trading activity taking place since there is no past trade data to show the kinds of returns you will earn. You should find past trade data for atleast three months or more before you can deposit a single dime on the company. Therefore all scammers tend to operate in a similar likelihood. They will continuously contact you with high attractive bonuses and profits. 

Accordingly, once you fall for the catch and make a deposit, you will have made the anonymous people behind GlobalForexTrade rich. They may result in holding your finances for a long time while you expect them to make profits for you. When the due date approaches, they push it further until you finally give up and let go of your money. GlobalForexTrade does not reveal an algorithm of how the software in use works, and you can sense a lot of murkiness. The platform can easily be accessed through download on various devices, including the Apple store and play store. 

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GlobalForexTrade Client Feedback

GlobalForexTrade claims to have made thousands of traders rich. Well, if this is the case, should we expect positive remarks coming from clients? They do not have any feedback that will lure you into making any deposits with them. Intact multiple traders claim to have lost funds from GlobalForexTrade, and you will not get any preferential treatment. Also, legit testimonials help in attracting more investors to the company. Accordingly, scammers use fake testimonials and pay quack to come up with fake reviews of their “incredible services.” 

GlobalForexTrade claims to have won awards for the best broker and the best trading experience. They claim to have won both awards in 2020, while the same information has no actual back up and the awards are made up. Scammers are fond of this technique, and you should stay cautious and avoid such platforms.

Deposit and Withdrawals 

GlobalForexTrade accepts various payment options such as Still, Neteller, and PayPal. However, we actually found out that they only accept Cryptocurrencies, and you can hardly reverse these transactions. So we highly recommend that you invest in a platform that accepts credit/debit cards payments. Thus you can easily get a refund for up to 540 days after transactions. GlobalForexTrade does not retain a refund policy that you can use to reclaim your funds back.

Therefore once you fall for their bait and make a deposit, that is the end of business between you and them. Meanwhile, you can opt to trade with these legit forex brokers and gain reasonable profits. They also accept master card and Visa payment options, and the level of transparency here is commendable. GlobalForexTrade does not mention any withdrawal details, and whether or not you can access your funds is unknown. The platform has a bad reputation, and your funds are in the wrong hands.

Regulation 

GlobalForexTrade does not fall under any regulatory body, and they are likely not going to adhere to any trade guidelines. Consequently, you can easily tell the difference between a shady broker and a regulated forex broker. GlobalForexTrade can hardly afford to pay regulation fees, and they may end up facing bankruptcy. They may also disappear with all your funds since they risk facing closure from the law enforcers.

Due to the rampant rise in the number of scammers, different countries have set up measures to protect the citizens. Thus you should only invest with platforms that adhere to regulatory measures within your region. The founders of GlobalForexTrade risk facing criminal prosecutions illegal access of public funds. Hence this could be the reason not a single data of their whereabouts is known.

GlobalForexTrade Customer support

GlobalForexTrade assures its traders of 24/7 award-winning customer support. The entail telephone contacts ( 234) 7015 2360 44 and email suppor@globalforextrafe.com. Also, working with customer support health builds trust between the Trader on the platform, thereby creating a suitable customer-friendly interface. There is no guarantee you will receive any response towards a query.

Accordingly, you should always receive a response in due time. GlobalForexTrade Also has a chat section it requires you to fill out your email address in the subject message. The platform does not feature any head office address or a banking location, so reaching them is almost impossible.

Final Verdict

GlobalForexTrade does not adhere to any trading guidelines, and they are likely to disappear with all your funds. They do not follow any regulatory measures, neither do they fall under any regulator. The FCA example is responsible for regulation within the UK and its environs, and every other country has its own financial watchdog. 

Therefore to save yourself from becoming a scam victim, it’s only wise that you opt to invest with these legit forex brokers. The kind that is transparent and showcases the reliability of the highest level, unlike GlobalForexTrade.net. 

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