Although they claim to be registered by the IBC, GLB Markets is an unregulated investment platform. There are huge risks that come with unregulated platforms. And this is the reason why you need to stay away from it. Soon, regulators will be issuing a warning in regards to the use of this platform. As a result, dozens of investors have lost funds while investing or trading with the platform. Here’s the full story in our clear GLB MARKETS REVIEW.
On their about us page, the platform boasts of being one of the finest and most secure trading platforms. According to the page, the platform was founded by financial experts. Unfortunately, there is no mention of who these experts are.
The platform goes ahead and claims trading conditions are competitive in nature. There’s the promise of tight spreads and recommended industry leverage. The page further claims the platform was founded in 2009.
We know why the platform would make such statements. GLB Markets wants to look like a leader in the trading world. The platform wants to appear legit and with a strong online presence and reputation.
Sadly, we have facts that prove this is an offshore platform operated by anonymous persons. No one behind this platform wants anyone to know them. With an anonymous platform, there’s a high risk that no investor should face.
When investing in the markets, it’s ideal to choose the right platforms that offer real results. Today’s investor is going for innovative ways of investing as they look to rip big. And it’s best to start with Coin staking, DeFi, and Masternoding.
Glbmarkets.com will only bring misery and pain to investors. Chances are, you will not get a fruitful outcome. From the complaints we have seen, nearly all investors fail to withdraw funds in the long run.
GLB Markets offers investors three account types to choose from. These accounts include Standard, Premium, and Pro. With the standard account, the minimum allowed deposit is $200. Here’s a closer look at each of the three accounts.
Standard
With the standard account, the spread charges are standard, with the leverage set at 1:200. From the leverage, we can tell that this is not an FCA-regulated platform. No regulator allows leverage above 1:100.
Premium
The amount to deposit is ten times that of the standard account. You have to deposit $2,000 and trade with a maximum leverage of 1:400. There’s a free demo available for one month with a personal account manager.
Pro
It’s the most exclusive account, and you have to deposit $5,000 to start trading. Leverage with the pro account is set at 1:400. Personal training is set as a priority with an unlimited free demo account.
All accounts come with a personal manager, which sounds exciting, especially for newbies. However, we have a problem with who these managers are and their role in the platform. Once you get a personal manager, they are supposed to help you invest wisely.
With GLB Markets, it’s not as effective as one might think. These account managers will make calls urging you to invest more funds. According to them, the more you invest, the higher your chances of winning.
We believe these are call agents who earn their commissions from these deposits. Once they convince members to deposit more funds, they earn. We have seen this play out on several offshore platforms.
There’s an affiliate partnership where the platform offers a reward for referring clients. The bonus is $35, $50, and $100 for each of the accounts. Before seeing this as a way of earning passive income, you need to know the truth.
Once you become their affiliate partner, these clients will soon blame you for the losses made. The platform will shut down all communication, and clients will want answers from you. But, at the end of the day, it’s you who insisted they sign up with an offshore and unregulated platform.
Although the platform claims to reside in the UK, this is not the case. Their head office is listed as Global Investment House Limited, London, United Kingdom. The platform tries to appear to be incorporated in the UK.
Far from it, these are random details with no documents to prove it. The Company House UK does not have a company registered under the above name. We also don’t know of anyone associated with the platform.
Despite having what appears to be a live chat tab, it’s a message board where users leave their messages. Imagine depositing $5,000 and having to wait for a response from your trading platform. It’s totally unacceptable!
The phone number listed rarely goes through, which makes this a ridiculous platform. Support should be available 24/7. We believe the platform is doing its best to try and control the communication process.
Although they provide a demo account, we find it sad that they offer limited demo accounts. For newbies, demo accounts should be available at all times to help them cope with the market conditions.
Demo accounts also help investors learn how to invest in the real markets. But, unfortunately, we also don’t know the platform used on the demo account. As a result, GLB Markets limits its users from learning how best to trade with their platform.
GLBMarkets accepts bank and wire transfers as their modes for funding accounts. These methods include Bank transfer, MasterCard, Neteller, and Visa. Depositing funds is fast, and the process takes less than five minutes to complete.
After depositing funds, your dashboard will reflect the amount within a few hours. In some cases, the platform will claim they didn’t receive funds from investors. And this is just the beginning of worse things to come.
Withdrawing funds will be a hard task for you to accomplish. The platform does not have any intentions of releasing funds. Once you send a withdrawal request, it might take ages before getting a response.
And this is what most of the members are facing with GLBMarkets. None of them can withdraw large sums, even those with deposits of over $5000. However, the platform will at times allow withdrawals of less than $500 to those clients they deem long-term investors.
GLB Markets offers a custom-made trading platform. We are not fans of such trading terminals as they are unproven. Such a platform is at times unstable and slow at executing trades. Their platform is compatible with all devices.
When investing and trading, we recommend you use proven trading platforms. These include MT4, MT5, and SIRIX. These are some of the best trading terminals which offer users advanced tools giving them a huge advantage.
The security of funds with Glbmarkerts.com is off the table. With its anonymous nature, there’s no guarantee your funds are safe. In addition, the platform does not offer any security cover for deposits made. We mean the platform does not have any insurance cover for funds.
Here are the main reasons why we see GLBMarkets as a high-risk investment platform
These are the reasons why we have our doubts about the platform.
The best alternative is to join reliable platforms that offer innovative investment options. It’s the safest way to invest.
If you have any questions, feel free to drop a comment or email us.
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