GlobalQFX Review: Avoid this Broker

GlobalQFX Review: Avoid this Broker

GlobalQFX is a company that is allegedly best for all investors to join. The scheme claims it has the best business solution for all traders. It displays imaginary statistics. The venture boasts it has over 11 million existing clients. For starters, this is a newly established scheme. Their main selling point is cryptos. 

GlobalQFX Review, GlobalQFX Company

The amount that you can deposit is $100. Clients can buy and sell coins with ease. However, our main concern is that the entity does not have a license. Gone are the days that you could become a billionaire overnight by trading or mining cryptos. You ought to have trading skills for you to generate actual time returns. 

Nonetheless, numerous con artists are stealing from innocent traders. They promise mind-blowing returns, but they will never deliver. These are short-lived companies that collapse after running out of funds. 

GlobalQFX provides generic information that does not serve any benefit. You can learn about digital currencies’ history and usage by searching online. The broker should instead utilize the available space to showcase its uniqueness. We are in the dark regarding the firm’s strategy to yield a high ROI. 

You should trade with genuine cryptocurrency trading companies. These are entities with good trading history. You will earn real-time returns. Moreover, these are platforms with professional teams. Your money is in safe hands. Review

Professional traders allegedly established GlobalQFX. You can trade forex, CFDs, and Equity Markets. They are targeting investors from all over the world. Unfortunately, the scheme fails to disclose the people behind the business. Anonymous schemes are dangerous. You can end up trusting incompetent individuals. 

The scheme targets both novice and expert traders. Unfortunately, you won’t find professional investors wasting time with a losing venture. The entity states it uses cutting-edge technology. Their training methodology has made rookie investors successful. We see this to believe as the venture is not reputable. 

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GlobalQFX claims its main focus is to provide a transparent trading environment. However, all we see are red flags and unverified claims. This is a reap-off scheme. Be wary of brokers that promise to transform your life. The company does not even have a trading performance. 

You shall be risking your safety when you share personal data. The venture can sell the data to third parties. Unfortunately, the platform will still get away even if you sue them. The authority won’t be able to trace them down. 

Trading Conditions and Accounts 

The entity purports it has the MT5 interface. It also lists the benefits traders get from investing in the venture. You will have access to multiple trading accounts. The platform also has internal reports and can manage pending orders. The firm has a leverage of 1:500. This is beyond what the regulatory bodies permit. 

Unfortunately, the broker fails to provide a link to download the platform. We do not know if GlobalQFX is using an interface. MT5 is one of the best software in the market. You can trade automatically and use several advanced indicators and tools. 

For digital currencies, the permitted cap is 1:2 leverage. This is due to the high risk of volatility. Stick to regulated forex companies as they have ideal trading conditions. You will also sleep sound, knowing your safety is guaranteed. 

Withdrawal and Deposits

GlobalQFX lists payment methods like WebMoney, Skrill, Perfect Money, and Bank Transfer. There is no info regarding the withdrawal requirements. Therefore, we do not know how long it will take to receive your funds. Moreover, we are in the dark regarding whether there are withdrawal fees. review, trading conditions

Considering you shall be dealing with con artists, you can expect the worst. Fraudsters tend to exit the market when you least expect it. The industry is flooded with scammers. They are convincing and tactical.

Never share your personal details with discrete entities. They will keep calling until you give in to their demands. It is human nature to rejoice once promised huge returns. Nonetheless, be smart and understand if a deal seems illogical, it is not worth the take. Trust your guts. 

Regulation Status of GlobalQFX

GlobalQFX provides a fake license from CySEC. They also offer numerous fake addresses. It is wrong for an investment scheme to provide fake regulatory status of a scheme. Every investment entity should have a license from a reliable financial watchdog. 

A certain amount of capital must be deposited in the entity’s name. This proves the venture will survive the volatility. Additionally, it is evidence the broker won’t misuse traders’ funds. The money in holding can be used as compensation if the venture faces bankruptcy. 

GlobalQFX is not reporting its daily trading activities to the authority. Considering we did not have access to the trading platform, the scheme could be manipulating the trading data. Moreover, the company lacks legal documentation. 

The platform can do whatever it pleases without facing any consequence.  It can inflict hidden charges. The worst part is the platform can close down its business without notice. Stick to the legitimate, genuine forex trading companies. 

Contact Details and Customer Support 

GlobalQFX features an address in Dubai. Investors can reach the support via email. They do not have a phone number. Communication via email is not reliable. Your message could go for days without being handled. Scammers use the method as it is ideal, and they will be able to avoid being reached.

Unfortunately, con artists do not have enough funds to hire qualified support teams. Their sales rep will only remain professional if you are willing to spend more funds. On the other hand, genuine schemes have several means clients can use. You can call the company, email them, use live chat, reach them on social media platforms, or visit their offices. 

Legit platforms are transparent, and information about their team is available. You will know the people you are entrusting your funds to. A broker that is capable of faking their personal data is unworthy of your trust.

GlobalQFX Clients Review

Unfortunately, this is a company that does not have client reviews. The trading conditions the entity advertises should win them numerous testimonials. However, this is an infamous company. You should not sign up with a platform that you are not aware of what you are signing up for. 

Genuine brokers have several reviews from those that have tried their services. Information of traders that are unpleasant with their activities is also available. Normalize checking on third-party websites for unbiased information. 

However, you must also be mindful of false testimonials. Con artists are manipulative, using shady marketers to promote their services. Look for trading results that auditors verify. If someone claims to have earned, ask them for proof of payment. 

Final Verdict

GlobalQFX is a company to avoid. The broker lacks transparency. They are operating without a license hence violating the set guidelines. The safety of funds is not the entity’s top priority. They are only looking for ways to steal from naive clients. Once you lose, the scam entity will be making money. The people behind the entity are only looking after their welfare.

Try out these genuine crypto trading companies. These are trustworthy schemes with excellent trading results. You will enjoy peace of mind while you earn passive income. Invest wisely and stick to ventures that have licenses from reputable bodies.

where is GlobalQFX located?

Sadly, the company is an annonymous scheme.

Is GlobalQFX licensed?

This is an offshore illegal scheme.


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