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GlobaTradeRush Review - is it scam or safe?

GlobaTradeRush Review - is globatraderush.com scam or good binary options broker?

RATING: 1 / 0 REVIEWS GlobaTradeRush
GlobaTradeRush is not regulated. We cannot guarantee your money is safe.

Trading Accounts and Conditions

 

Account type  Min. deposit  Min. bet size Payout
Standard  $300 $10 up to 95%

 

GlobaTradeRush is a binary options broker, which basically acts as a portal website for Pocket Option. Although the trading conditions of this provider might seem attractive, we actually spotted a lot of worrisome signs regarding GlobaTradeRush. You may find them in our detailed review below, along with some possible benefits of this broker (in case it is not a fraudster).

 

 

GlobaTradeRush Advantages

 

Generous payout

As advertised on their website, the maximum payout with GlobaTradeRush is as high as 95%, which is pretty generous. Most binary options brokers offer payout of about 85% for the benchmark EURUSD pair. 

 

Note that betting on binary options involves a lot of chance, so if you prefer to have more control over your trades, you may check our list of recommended forex brokers offering low and attractive spreads:

 

 

>> Lowest spread forex brokers <<

 

 

A lot of financial instruments and payment methods available

According to the information on its website, GlobaTradeRush offers trading in more than 100 assets, including currencies, stocks, indices, commodities, and cryptocurrencies.

 

Besides, apart from standard payment methods such as credit / debit cards and bank wire, GlobaTradeRush supports wide range of e-payment systems. These include Skrill, OK Pay, QIWI, Perfect Money, Payeer, Payza, Alipay, Neteller, GiroPay, AdvCash, CashU, Sofort, FasaPay, WebMoney, ePay, and UnionPay/ On top of that clients can even use digital assets such as Bitcoin, Ethereum, Litecoin, Monero, Zcash, Ripple, Dash and Bitcoin Cash to make deposits to and withdrawals from their trading accounts. 

 

 

GlobaTradeRush Disadvantages

 

Not licensed, despite the claims

GlobaTradeRush is a trading name of Gembell Limited, Mrshall Islands-registered company. They claim to hold a license by the International Financial Market Relations Regulation Center (IFMRRC), which, however, is not an official financial regulator. What is worse, the IFMRRC’s website does not even feature a company name, so we can safely conclude that it is just an anonymous website issuing dubious certificates to offshore brokers.

 

We would also like to remind you that binary options trading is banned in many jurisdictions for investor protection concerns. More recently it was prohibited across the EU by the pan-European regulator, ESMA.

 

Possibly part of a serial scam

As we said in the beginning, GlobaTradeRush actually acts as a white label of Pocket Optiion, and the company behind them, Gembell Limited., operates DigitalTradeFX, BinomoFX, and TradeHash. When you look at the websites of those brokers, it becomes clear not only that their trading conditions are identical, but they also have one and the same lay-outs.

 

Considering that these all operate illegally, we can safely conclude that GlobaTradeRush is a part of a serial scam operated by the offshore company Gembell Limited.

 

Strange web platform, MT4 not supported

The web trading interface GlobaTradeRush uses is actually quite disappointing. In fact, id does not feel like a trading platform at all, but more like a cardboard cut-out with charting powered by TradingView. Here is a screenshot:

 

 

GlobaTradeRush’s web trading platform. Click to view larger.

 

This web trading interface cannot be compared to the classical trading solutions like the MetaTrader4. The MT4 is highly praised by the trading community for its ease of use, reliability and useful functionalities.



>> Trade with a MT4 Broker <<

 

 

Relatively high initial deposit

To start trading with GlobaTradeRush, you need to invest at least $300, while most brokers require something in the range of $100 - $250.

 

 

Conclusion

 

GlobaTradeRush is a shady binary options broker that seems a part of a serial scam operated by offshore company Gembell Limited.

 

As always in such cases we will advise you to avoid GlobaTradeRush, as well as any other unregulated broker, and trade only with brokers, authorized by reputable financial regulators, such as the FCA in the UK, ASIC in Australia or CySEC in Cyprus.

 

 

>> Trade with a broker regulated in the UK <<

 

 

Let’s sum up the positive and negative sides of GlobaTradeRush in a few words:

 

Pros Cons
Attractive payouts (allegedly) Not regulated, despite the claims
Many tradeable assets & payment methods Possibly part of a serial scam
  MT4 not available
  Relatively high initial deposit

 

Latest news about GlobaTradeRush
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Traders` reviews for GlobaTradeRush

Spread

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Slippage

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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