Consider trading with TradeGlobFx forex broker? Is TradeGlobFx.com a genuine brokerage? Read TradeGlobFx review to know about this forex broker.
This content promises to share helpful review to support clients/traders in making the right decision.
TradeGlobFx also known as TradeGlobFx.com is an offshore brokerage company with a lot of promises for forex traders. The broker claims office address in Paris, France.
What is more, there are different account packages offered by the platform namely, Standard, Silver, Gold and VIP.
Additionally, the platform offers different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
See section below
Deposit and Withdrawal
TradeGlobFx Minimum Deposit:
TradeGlobFx deposit is indicated $250 based on the account type. In contrast, the good thing about a licensed FX broker is that minimum deposit is made known to traders, and clients can start trading as low as $100 .
As for the payment methods, the brokerage accepts various funding options such as credit/debit cards, wire transfer, and Bitcoin.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
TradeGlobFx platform only offers web based trading platform with no mention of MT4 or MT5 (Industry standard trading platforms). The good things about MT4 or MT5 are features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
TradeGlobFx leverage can get up to 1:500. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Why TradeGlobFx.com Is A Suspicious Forex Broker
First of, TradeGlobFx.com has no financial authority overseeing its financial services. As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.
To start with, Financial authority, France — the Autorité des Marchés Financiers (AMF) does not recognize this brokerage amongst licensed entities on their records.
Investigating further, the Financial Conduct Authority of the UK has blacklisted TradeGlobFx as an unreliable company that is not authorized to provide financial services in the country. Take a look-
In addition, the platform does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
TradeGlobFx Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
TradeGlobFx located at TradeGlobFx.com claims to be a genuine trading brokerage, howbeit, that is an absolute disguise. From indications, we would advise traders/clients to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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