Trade Global Market (Tradeglobalmarket.com) is a CFDs and Forex broker claiming to make investors rich with their platform. TradeGlobalMarket is claiming to offer a wide range of financial instruments for trading Forex. This broker has all the making of a Forex scam as our detailed investigation revealed. Folks, read this detailed and eye-opening review to find out more. Trade Global Market is not a broker to be trusted at all.
As we always say in almost all our reviews, it pays to read what experts are saying. This is especially so if you are a newbie at Forex trading and you want to invest your hard-earned money. Folks, sign up with Trade Global Market and it will be the last you time you see your money. We have concrete proof that CLEARLY shows that TradeGlobalMarket is indeed a Forex scam.
What these scammers have done is use claims and promises to entice users into signing up. Claims such as fast execution, no hidden fees, protection policy just to mention but a few. Folks, none of these is actually true as scammers will do or say anything to get users to sign up. This detailed review is geared to review all the dirty tricks used by TGM. Best thing is to keep reading and find out more.
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Disclaimer at the bottom of the homepage shows TGM Financial LLC to be the owner of this scam. They have posted a registration number 0110/273 situated in Georgia, City Kutaisi. It should be noted that scammers will do or say anything to get you signed up. Later, we will reveal why this is simply a random number. What we did was conduct a research of who exactly is TGM Financial LLC.
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These scammers have tried to copy the name of TGM Financial Group to try and sound legit. We did earlier say that scammers will do or say anything to get people to sign up. Why haven’t they mentioned the people behind their mother company? Who are the people in charge of TGM Financial LLC? Scammers have always made sure that they remain anonymous to avoid detection. And this is what TGM has done.
TradeGlobalMarket is not licensed or registered anywhere on the face of the planet. This broker has no intention of letting authorities know their dealings. If they were indeed licensed and registered, they would have posted their registration credentials. Sadly, what they have done is come up with a random number to try and claim registration. Fact of the matter is, no Regulatory body uses that sequence used by TGM to register brokers.
Legal documents page of this broker stays for ages to load. Once it opens up, there’s nothing to show any legal documentation. Only thing we see is client agreement image, general risk disclosure image and others. This is clear proof that we are dealing with professional scam brokers. Why haven’t they posted any of the documents for investors to see? They simply thought we wouldn’t look.
Trade Global Market offers five account types. These accounts are Basic ECN, Classic ECN, Premium ECN, Pro ECN and Advanced ECN. Basic ECN account holders come with a leverage of 1:1000 with a 9% commission. Minimum deposit is $100. Classic ECN account holders come with the same leverage with an 8% commission. Minimum deposit with Classic ECN is $1000. Premium ECN account holders must make a minimum deposit of $5000 USD and 7% commission.
Pro ECN account holders must make a minimum deposit of $10,000 to start trading with leverage of 1:100. Advanced ECN account holders must make a minimum deposit requirement of $25,000. This account holder gets a 4% commission and a promotional bonus. Other account holders who get promotional bonus are Premium and Pro holders.
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According to their platform page, this broker uses MT4 trading platform. Problem we faced with this platform started when we tried downloading their platform. Download stalled at 10% which spells doom for users. What this means is that their platform is highly unstable and bad for Forex trading.
An unstable platform will lead users to misery as this platform can be easily hacked. Hackers ensure that they steal personal information as well as credit cards with unstable platforms. This won’t be the first time that hackers have stolen information thanks to unstable platforms. This leads users to being vulnerable and may find their bank accounts being emptied. Best thing is to stay clear from this platform.
Funds are never safe with an unlicensed broker who is not genuine. Disturbing details are emerging that this broker has no named bank partner. Which bank do they keep money deposited by investors? This broker is without a doubt pooling funds in one account which is a dangerous play. An account maybe closed down indefinitely and this will dent all users under this Trade Global Market.
Also, this broker does not segregate accounts which is a must for all brokers. Another red flag that we must mention is that there’s no compensation scheme. What’s more damaging is that investors maybe depositing money straight to the owner’s personal bank account. And this is where a line should be drawn with TradeGlobalMarket.
According to their homepage, to fund a real account involves placing a $100 minimum deposit. They claim funds should be transferred to Trade Global Market by bank wire. This according to them, is their preferred method of funding accounts. Trade Global Market also has two other platforms for funding. They have added Visa and MasterCard in their funding options. Folks, this is not a legit reason to sign up.
When it comes to withdrawing, this is where hell starts for users. This broker has not allowed any member to withdraw money with their platform. It’s clear that we are dealing with an illicit scam outfit out to steal funds. All what Trade Global Market wants is for members to sign up with them. Make sire you stay clear of this brokerage firm.
There’s no doubt in our mind that TradeGlobalMarket is a scam that’s waiting to swindle investors. Avoid this scam by ensuring you mark all their emails as Spam and never click on any links. Ensure you warn your friends about this scam and completely stay away from it. Evidence clearly reveals all their dirty secrets.
Only option we have is to add this broker in out blacklist. Best avoid all this by signing up with only legit products.
Always go for Top rated Forex brokers that have experience and professionalism. Stay safe by signing up with Accountable and Honest Forex brokers. Start earning immediately by signing up with Dependable Forex brokers who are there all the time.
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