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Global Trading Fund
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The United Kingdom’s Financial Conduct Authority has issued a warning against Global Trading Fund in October 2023
If you are looking for a reliable and trustworthy online broker, you might have come across Global Trading Fund. This broker claims to offer a wide range of trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies. But is Global Trading Fund a scam or a legit broker? In this review, we will examine the features, pros, and cons of Global Trading Fund and help you decide if it is worth your time and money.
What is Global Trading Fund?
Global Trading Fund is an online broker that was founded in 2018 and is based in St. Vincent and the Grenadines. The broker claims to be regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines, but we could not find any evidence of this on the FSA website. The broker also claims to have offices in London, Dubai, and Hong Kong, but we could not verify this either.
Global Trading Fund offers four types of trading accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is $250, while the maximum leverage is 1:100. The Silver account requires a minimum deposit of $2,000 and offers a leverage of 1:200. The Gold account has a minimum deposit of $10,000 and a leverage of 1:300. The Platinum account has a minimum deposit of $50,000 and a leverage of 1:400. All accounts come with access to the broker’s web-based trading platform, educational materials, market news, and customer support.
The broker claims to offer over 200 trading instruments, including forex pairs, stocks, commodities, indices, and cryptocurrencies. The broker also claims to offer competitive spreads and commissions, fast execution, and no hidden fees. However, we could not find any information about the actual spreads and commissions on the broker’s website. The broker also does not provide any details about the trading platform’s features and functionality.
Is Global Trading Fund a Scam or a Legit Broker?
Based on our research and analysis, we have several reasons to believe that Global Trading Fund is a scam and not a legit broker. Here are some of the red flags that we found:
- Lack of regulation: The broker claims to be regulated by the FSA of St. Vincent and the Grenadines, but we could not find any proof of this on the FSA website. Moreover, St. Vincent and the Grenadines is known to be an offshore jurisdiction with lax regulatory standards and oversight. This means that the broker is not subject to any rules or regulations that protect the interests and rights of traders.
- Lack of transparency: The broker does not provide any information about its spreads, commissions, fees, trading platform, or withdrawal policy on its website. This makes it impossible for traders to know what they are signing up for and what they can expect from the broker.
- Negative reviews: We found many negative reviews and complaints from traders who have used Global Trading Fund. Some of the common issues that traders reported are difficulty in withdrawing funds, poor customer service, false promises, manipulation of prices and trades, and unauthorized charges on their credit cards.
- Fake testimonials: The broker’s website features some testimonials from supposed clients who praise the broker’s services and performance. However, we noticed that these testimonials are fake and use stock photos and names. We also found that some of these testimonials are copied from other websites.
Based on our findings, we conclude that Global Trading Fund is a scam and not a legit broker. We advise traders to avoid this broker at all costs and look for other reputable and regulated brokers in the market. Global Trading Fund is not worth your time or money.
What to Do If You’ve Lost Money with Global Trading Fund?
If you have been scammed by Global Trading Fund or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.