Globalix (Globalix.com) is a CFDs and Crypto Currency Forex scam broker that’s swindles from anyone foolish enough to sign up. An unregulated broker, Globalix is claiming to take your trading experience to the next level. Promises to users that funds are safe are far from the truth. Users have been commenting everywhere on how this broker. Get to know the whole truth here with this detailed and honest Globalix review.
Visiting the homepage, users are greeted with a sliding page that tries to sell what this broker does. Marketing tactics used by this broker include convincing comments on how users can maximize profit. Anyone who signs up with this broker is guaranteed of making huge returns, this is not the case. Just because they claim to offer superior access Crypto Currency markets doesn’t make it true. And that’s where we draw the line with Globalix.
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Claims and promises have been used by scammers in the Forex industry to trap unsuspecting investors. Globalix is no different as it has clearly laid out traps similar to most Forex scams. To make the matter worse, this broker is screaming that they have informative and technologically advanced tools. These claims are used to entice newbie traders into trying out this software. Signing up with Globalix should be the last thing on anyone’s mind. Here’s why:
NB: Globalix has changed their domain from Globalix.com to Global-x.io. Make sure you don’t fall for this sleazy platform.
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What these scammers have done is rig the demo account in favor of users who sign up. Notice that newbie traders are making over 95% successful trades with this demo account? It’s because the scammers have made this possible by rigging the demo account. A rigged demo account is a trap meant to lure investors into signing up with a real account. When newbie traders see they are making money with a demo account, they will want to open a real account.
And this is where the first trap is set for users to lose money. Opening a real account requires real money and thus, investors have to deposit real money. All of a sudden, successful trades turn to a hellish experience for traders. Real account experience is far from the demo account as money is easily lost. These scammers are in league with other brokers to share the spoils. By the spoils we mean, your hard earned money!
Looking at their entire legal page, there’s no mention that this broker is licensed by any regulatory institution. Information on this website cannot be trusted and it’s clear we are dealing with an unlicensed entity.
Where are their licensing and registration credentials to prove their authenticity? Lack of these details means we are dealing with a fraud. A legitimate broker easily posts copies of their certificates and documents. Lack of these vital documents is proof that we are dealing with a scam.
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To make matters worse, the disclaimer reveals that the company is based in Marshall Islands. It means that we are dealing with an offshore broker. Trust is a major issue with offshore brokers.
Another red flag that we spotted in terms of ownership is how well this site has hidden names. Who is the CEO or CFO of this company? Can we get the names of the founders behind Globalix? With names, we can easily verify whether owners have any experience with Crypto Currency trading. Ensure you stay away from any anonymous Forex entity.
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Globalix is offering four different account types to choose from. These account types are Classic, Gold, Platinum and VIP. Minimum required deposit to start trading with this broker starts at $250, $3,000, $15,000, and $50,000. Looking at the accounts page, one can easily notice the similarities with these accounts. In fact, there’s no significant difference with any of the accounts. And this is another proof that we are dealing with unprofessional brokers.
How do they expect a user to sign up and deposit $50,000 to get the same perks as a $250 member? It’s clear that this broker did not think this through. And that’s what scammers are all about, they simply want users to sign up and deposit. It takes a keen eye to spot some of the mistakes that scammers make. Advantages are similar and differences don’t really make a difference in any account. Stay away from this lame scam and report it as Scam.
After gathering all the evidence above, it’s clear that funds are not safe. Their legal page reveals a loophole that is simply a red flag. This broker fails to inform users who their depository bank is. Where do they bank money deposited by users? It means that we are dealing with a broker who is soliciting funds. Anyone who deposits money could be depositing to the owner’s personal bank account. Make sure to stay away from this broker as far as possible.
Globalix is pooling funds in one account which is extremely dangerous. In case the owner goes bankrupts or faces insolvency, users will lose their entire deposits. For a legit broker site, this wouldn’t be a problem, members would be compensated. With Globalix, this is never going to happen. This broker does not participate in a compensatory scheme.
In case you want a matter quickly resolved, you will have to send an email. Ensure that you stay away from brokers who are not easily accessible. It means that this broker wants to remain anonymous. Reason why they want to remain anonymous is they are afraid of the backlash. Globalix is afraid that authorities or victims might catch up with them. Stay far away from any platform that has no fast accessible channels.
Evidence produced clearly point out that we are dealing with a scam. Make sure to stay away from this broker and warn your family and friends. Mark all their emails as Spam and never click on any links sent by these scammers. With this in mind, you will be able to avoid the laid traps set by this broker. Any links sent by their email marketing team should not be clicked. Hackers are using these links to fish out personal data on your PC.
Truth be told, this is a scam that must be exposed. In order to do this, we will add this broker to our scam blacklist. It’s our hope that relevant authorities will pick it up from where we left. Shutting down this site will protect newbie traders from signing up.
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Lastly, we wish you all the best in your Forex trading experience.
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