Is Globalcftrade.com Legit or a Scam?
Globalcftrade.com has been identified as a scam website. It is not a reliable investment option and lacks proper regulation. The trading firm does not have the necessary regulatory approval and licenses. This raises concerns about its legitimacy.
It is important to be cautious when dealing with unregulated or offshore brokers. They come with inherent risks due to the lack of stringent regulations and oversight. Established regulatory bodies like CySEC, ASIC, and FCA are essential. They create a secure trading environment. They also minimize financial risks and complications.
What is Globalcftrade.com?
The website facilitates trading in Forex, Indices, Shares, Futures, Crypto, Metals, and Energies. It showcases its raw spreads, low commissions, and favorable trading conditions. The platform provides access to Social trading, complimentary trading signals, and expert advisors.
However, a thorough investigation into Global Trade has uncovered noteworthy concerns. These concerns warrant the attention of potential traders before engaging with the broker.
Global Trade is registered in St. Lucia under 2085846 BC 2021. However, it needs substantial regulatory licenses. This indicates a lack of oversight or compliance with essential regulations. Choosing an unregulated broker in financial investments carries inherent risks. This can potentially result in economic losses.
About Globalcftrade
| Regulated by: | Unregulated Offshore Broker |
| Is This Company Safe? | The absence of licenses makes any site unsafe! |
| Known Websites: | https://globalcftrade.com |
| Have Warnings from: | N/A |
| Maximum Leverage: | 1:500 |
| Minimum Deposit: | 1,000$ |
| Deposit Bonus: | Not available |
| Trading Assets: | Forex, Indices, Shares, Futures, Crypto, Metals, Energies |
| Free Demo Account: | Not Available |
| How to Withdraw from This Company? | withdrawal Bitcoin, Ethereum, bank transfer. |
Deposits and Withdrawals
Globalcftrade offers multiple deposit methods, including BTC/ ETH/ USDT (ERC-20). The minimum deposit in BTC is $250. The payments team reviews withdrawals throughout the day.
Account Types
Based on the Globalcftrade review guideline, the portal has two account types: Raw Spread and No Commission, each with distinct trading conditions. The Raw Spread account type offers spreads starting at 0.01 pips, flat-rate commissions, hedging capabilities, and Expert Advisors (EA) support.
On the other hand, the No Commission account type features spreads at 1.5 pips, zero commissions, hedging functionalities, and compatibility with Expert Advisors (EA).
Red Flags and Warning Signs
Globalcftrade.com raises concerns about its reliability and credibility based on the following information:
- The website’s owner hides their identity using a paid WHOIS service.
- The website does not attract many visitors.
- It appears inactive at the moment.
- Users have flagged it as a possible scam on Scamadviser.
- There are numerous negative reviews about the site.
- Despite being a new site, it has a high number of reviews.
- There is no SSL certificate present on the website.
- The website was recently registered.
Read our carefully selected list of 100 top-regulated brokers to make Safe investment decisions in legitimate companies.
Customer Complaints and Negative Reviews
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FAQs
What are the trading asset options at Globalcotrade.com?
The website primarily deals in trading assets like Forex, Indices, Futures, Crypto, Energies, Metal, and Cryptocurrencies
Is the website under the guidelines of a legitimate governing system?
No, the website is operated by Unregulated Offshore Brokers.
Does the website have any specific minimum deposit amount requirement for trading?
Yes, a minimum of 1000$ worth of crypto investment is necessary to trade through this portal.
