Global FX Crypto portrays itself as a reputable global cryptocurrency broker, boasting an extensive selection of over 94 assets, regular payment options, and a comprehensive educational offering. However, the reality is starkly different – this broker is, in fact, a scam, and it lacks the fundamental elements of a genuine trading platform.
In this Global FX Crypto review, we have compiled all the essential information about Global FX Crypto to enlighten you and protect your interests. It is imperative to peruse this review thoroughly before considering any investments with this entity. Stay informed and vigilant to safeguard your financial assets.
Website – http://globalfxcrypto.com/
Website Availability – No
Address – NA
Warning – Not recommended by review website like Scam Bitcoin
Regulated – Unregulated
Global FX Crypto Review: Regulation
One crucial factor that may mislead and create a false sense of legitimacy is the claim displayed on Global FX Crypto’s interface, stating that the company is regulated by the Financial Market Relations Regulation Center (FMRRC). However, it is essential to note that such an organization does not exist. In reality, Swedish brokers should be regulated by the Swedish Financial Supervisory Authority (FSA).
We conducted a thorough investigation and cross-referenced the company’s details with the official register. Our findings confirm that Global FX Crypto is not listed on the Swedish Financial Supervisory Authority’s register. This serves as substantial evidence that the broker is non-legitimate and operates without regulation. Engaging in any trades with this broker poses significant risks to your valuable funds.
Global FX Crypto Review: Trading Software
Global FX Crypto offers trading services in forex, indices, commodities, and stocks. Despite its claims of providing a global trading platform to potential clients, the broker fails to fulfill this promise. Upon registering a trading account, we discovered that there was no access granted to any trading platforms from the dashboard. Furthermore, all attempts to download a trading platform using the links provided on the company’s interface proved futile, as those links were broken.
Upon further examination, we found that the dashboard only displayed a chart showcasing the price fluctuations of selected trading products within a specific timeframe. Interestingly, this chart was developed by a third-party provider, TradingView.
It is evident that Global FX Crypto does not live up to its commitment to offering a functional trading platform, and instead, it relies on a third-party tool for displaying price movements.
Deposit and Withdrawal Methods
Despite displaying the logos of Visa and MasterCard on their website, Global FX Crypto falls short in providing these payment options. Upon signing up with the broker, we found that the only available deposit methods were Bitcoin, Ethereum, Western Union, and PayPal. It is prudent to opt for legitimate brokers that accept VISA and MasterCard, as they are widely recognized as the safest payment methods.
Notably, Global FX Crypto most basic investment plan demands a minimum deposit of $500, which significantly surpasses the industry average. Many standard account options from other brokers typically require deposits ranging from $100 to $250, and some even permit trading with as little as $5 or $10.
In light of these observations, exercising caution and considering alternative brokers that offer secure payment options and more reasonable investment thresholds are strongly advised.
Global FX Crypto Review: Conclusion
Global FX Crypto deceitfully misrepresents its regulatory status. It operates as a dishonest Ponzi scheme, showing little regard for the well-being of investors. The company conducts its business without any accountability, adhering to its own whims. Investing with this firm poses serious and substantial risks to your financial security. If you are a victim of a Global FX Crypto scam or any other scam, then you will be able to file a complaint against scam brokers. Fill out a complaint form on our website and get a free consultation from our experts in fund recovery process.
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