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Globalswiftmarkets Review: Globalswiftmarkets.com Clone Broker

Globalswiftmarkets Review: Globalswiftmarkets.com Clone Broker

Globalswiftmarkets’ website keeps displaying the latest withdrawals. It is a marketing strategy utilized by scammers. The fraudster features the name, amount withdrawn, city, and country of the trader. Of course, novice traders can’t notice the murkiness of the platform. 

Globalswiftmarkets Review, Globalswiftmarkets Company

 

However, if the company were profitable, it would present audited trading results. It is the only way to know a broker is not bluffing on its performance. The entity also makes bold claims to be the best broker in Europe. 

Additionally, the scheme state it has won awards. No organization in the market would recognize an anonymous scheme. We are not aware of the people behind the company. The scheme fails to attribute its success to the team. 

Moreover, the European Security and Marketing Authority (ESMA) does not authorize Globalswiftmarkets. This is another offshore platform using false information to trap more victims. The firm promises a demo account. Unfortunately, you won’t access the demo once you access the user area. Therefore, it is impossible to familiarize yourself with the tool. 

Globalswiftmarkets.com Review

The company state it offers training in trading. There is no course outline without a snippet of what to expect. We cannot guarantee access to quality information. The venture is offering bonuses to traders. It might seem like a lucrative opportunity. 

However, Globalswiftmarkets does not provide the bonuses terms. The financial bodies are against bonuses and promotions. This is because the money legally belongs to the entity. Osshores schemes set up ridiculous terms. They do this to retain customers’ funds. 

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The company also advertises a superior trading tool only to disappoint us. Global Swift Markets is a dangerous Ponzi scheme. It would help if you walked away from the platform while still could. Here are some of the best forex trading companies. They are top-rated in the market. You will earn passive income while you enjoy top-notch security. 

Globalswiftmarkets Trading Conditions 

Globalswiftmarkets claims to be utilizing technology in its trading activity. We were expecting a superior trading tool like the MetaTrader. However, we were shocked to find a Webtrader interface. Moreover, investors cannot place a trade with the platform. The buy and sell button are nonfunctional. 

Globalswiftmarkets.com Review, Globalswiftmarkets.com Feaures

 

Click on the website a bot will appear. It is bogus since the company never mentioned the use of trading EAs. It is best to trade with genuine companies offering a reliable trading tool. Choosing a genuine broker grants you not only peace of mind but also an added advantage. The competitive features allow you to trade automatically. 

Globalswiftmarkets does not feature trading conditions. Information about the spread, leverage, and commission is unavailable. The scam mention trading in forex and cryptocurrency. These products are volatile. It is, therefore, vital that you have background trading knowledge. 

Unregulated companies lure clients to hazardous limits. They will make you trade high leverage above the regulatory bodies’ approval. The UK agency only allows leverage of 1:30, while the Canadian and Australian government approves the 1:50 cap. 

High leverage opens the possibility of huge returns or devastating losses. There is no in-between. Before trading in a high margin, ensure you have a high-risk appetite and adequate skills. Otherwise, you will regret it. 

Withdrawal and Deposit 

Investors can deposit a minimum amount of $500. The amount is above the market standard. Several genuine companies are accepting $10 to $250. Globalswiftmarkets does not have any unique features. Why would you spend all that cash on a losing entity? 

The payment methods include; Skrill, Cryptos, and Neteller. The venture does not care to present detailed terms and conditions. Knowing what you are signing up for is essential before opening an account. 

The company’s lack of seriousness is something to note significantly. We cannot know Globalswiftmarkets minimum withdrawal and whether there are applicable charges. It is more likely the entity will ask for hidden charges from traders. You cannot be sure with scammers. 

Contact Details and Customer Feedback 

There are no contact details available. The company’s country of origin or office address is missing from the website. Investors can reach the platform via email. It is ironic for a broker to promise huge rewards while it cannot afford to hire professional support. There are minimal chances the firm will even bother responding to your messages.

Globalswiftmarkets does not have customer reviews. Before opening an account, check for the experience of those engaged with the venture. Do not make uncalled-for decisions only to end up disappointed. 

Globalswiftmarkets Regulatory Status

Globalswiftmarkets is a low-life Ponzi scheme. The entity purports to be in partnership with TopFX Ltd. A legitimate investment company is operating from Cyprus. The venture is wrongfully using the documentation of the broker. There is no link between these two entities. 

Avoid the imposter firm, as it will only steal your hard-earned cash. The Cyprus Security and Exchange Commission (CySEC) disapproves of the scam. Moreover, the entity fails to meet the capital requirement of the financial watchdog. It makes them unfit and unworthy. 

Globalswiftmarkets has also attracted the attention of one regulatory body. The Seychelles watchdog has warned citizens against investing with the broker. Any business with the scheme would lead to automatic losses. 

We emphasise that traders deal with licensed companies. Such brokers offer peace of mind. Additionally, in case of insolvency, customers stand a chance of compensation. Legitimate platforms work with top tier 1 banks. They take the security of investors serious. Any mischief can lead to their license being revoked. Therefore, the brokers ensure the trading environment is conducive for all. 

Globalswiftmarkets Fund Safety 

The people behind Globalswiftmarkets are breaking the law. Brokers must report daily open and closing trade to the authority. It is something the entity does not honour. There is also no assurance the platform is involved in trading. 

Additionally, the entity fails to operate in full transparency. You cannot obtain fund safety from anonymous founders. No information on the internet can help track down the owners. What are they hiding? What qualifications do they have in the financial sector? Sadly, we do not have answers to these questions. 

The only reason a company remains anonymous is to avoid being caught by the authority. Globalswiftmarkets lacks customer reviews. Therefore, we do not know the quality of customer support to expect. It is also hard to know if the scheme process the withdrawal requests in time. 

The domain name is recent. It is risky dealing with a newly established broker. They end up abandoning their course. The lack of trading history should not be taken lightly. There is no protection on the website. Your data is also at high risk of being compromised.

Globalswiftmarkets breaks the law. The company does not care about traders’ well-being. Once no more cash comes into the system, the scheme will shut down its operations. Choose a reputable broker for your training activities. 

Final Verdict 

Globalswiftmarkets has multiple negative reviews from experienced traders. The offshore venture is another greedy scam. There is no proof of payment or security measures to protect traders. It is a blind move to venture with the entity. A reputable financial body has blacklisted the unlawful firm. 

Check out these legitimate forex trading companies. These are reliable and trustworthy platforms. You will earn passive income without compromising your safety. The brokers have a solid trading performance. 

 

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