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Global Markets Review - is it scam or safe?

Global Markets Review - is glob-markets.com scam or good forex broker?

RATING: 1 / 5 REVIEWS ForexBrokerz Global Markets
Global Markets is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account Min. deposit  Max. leverage Spread
Bronze $250 1:200 2.6 pips
Gold N/A 1:200 1.2 pips
Platinum N/A 1:200 0.7 pips
Diamond N/A 1:200

0.2 pips

   

Global Markets is a forex brokerage registered in the Seychelles. It uses Leverate’s Sirix platform and offers the four accounts listed above. Read the full review to see both the strong and weak sides of this broker and why we gave them such a low rating.

 

 

Global Markets Advantages

 

Sirix platform offered

Sirix is an innovative and interactive trading platform, and therefore we consider its presence I this broker’s offer as an advantage. It ensures secure trading, while remaining friendly for maximum ease of access. Some of the platform’s key features include advanced charting, seamless social trading and Visual Trends -  a tool that provides a visual interpretation of major market trends and conditions.

 


Click on the image to view larger.

 

Solid leverage

Global Markets also provides leverage of up to 1:200, which could be viewed as an advantage, as such leverage ratios will suit most trading strategies.

 

 

Global Markets Disadvantages

 

No legit license

Global Markets is allegedly a trading name of Cub Service LTD, a company registered in the Seychelles. This offshore zone is a popular forex broker destination for providers looking for low registration fees and taxes, as well as freedom from all kinds of regulatory requirements and oversight.

 

In other words, offshore forex brokers are not subjected to any oversight on the part of a governmental agency, nor have to follow any stringent rules, such as keeping clients’ funds in segregated accounts, providing insurance in case of bankruptcy, etc. This means that their clients’ funds, accounts and interests are not protected as they should.

 

So, instead of risking everything with an offshore broker like Global Markets, you’d better find yourself a better trading partner.

 

No free testing service

We also have to point out that Global Markets does not offer free demo accounts, which is another worrisome sign. A test-drive of a broker’s trading platform is a great advantage and shows that the company is transparent with its trading conditions.

 

Withdrawal fees, trading volume requirements

Furthermore, we stumbled upon worrisome provisions of the broker’s Terms and Conditions. For example, Global Markets says it might charge accounts where “the trading activity is at low level” with 5% inactivity fee. However, no trading volumes are specified.

 

 

Also, we find the withdrawal fees a bit high, ranging from EUR 25 to 50 for wire transfer.

 

MetaTrader not available. High spreads

Although Sirix is a solid choice of s platform, most traders still prefer trading on the MetaTrader4, as they know the software and praise it for its reliability, intuitive interface, and advanced functionality. It is very popular for its great charting and automated trading bots, called Expert Advisors.

 

 

>> Check out the top-tier MT4 brokers <<

 

 

Although this is not as important as the other disadvantages of the broker we mentioned above, the cost of trading is still an important factor.

 

Actually, the spreads announced for most Global Markets’s account types are above the average in the sector. Most brokers charge something in the range of 1.0 – 1.5 pips for the EUR/USD pair, while the spreads of Global Markets e start from 2.6 pips on Bronze accounts.

 

 

>> Real-time spread comparison of some of the best forex brokers <<

 

 

Conclusion

 

An offshore broker that doesn't stand out in any way, Global Markets is not recommended. First and foremost, because it is not regulated, and second, it’s offer doesn’t seem very attractive anyway, considering the high spreads and fees the broker charges.

 

As always, we advise our readers to minimize the risk of foul play in forex trading by dealing only with well-regulated and established brokers. The most respected and reliable ones in Europe are UK’s Financial Conduct Authority and the Cyprus Securities and Exchange Commission.

 

 

>> Looking for the best forex brokers in Europe? <<

 

 

And finally, here are the highlights of the present review of Global Markets:

 

Pros Cons
Sirix platform offered No legit license
Solid leverage High spreads
  MetaTrader not available, no free testing
  Withdrawal fees, trading volume requirements

 

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Traders` reviews for Global Markets

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Glob-markets big scam!

Przestrzegam z całego serca przed Glob-markets.com . Są to oszuści, który wydzwaniają po kilkanaście razy dziennie namawiając do wpłacenia na ich platformę pieniędzy. Obiecują stopę zwrotu w wysokości 300 - 500 % w jeden miesiąc ! . Nie dociera do nich, że nie jestem zainteresowany. W życiu nie spotkałem się z tak upierdliwymi ludźmi.

Przestrzegam nie wpłacajcie żadnych pieniędzy. BIG SCAM !!!


Translated by Google:

I warn you with all my heart against Glob-markets.com. They are scammers who call several times a day urging them to pay money to their platform. They promise a return rate of 300 - 500% in one month! . It doesn't reach them that I'm not interested. In my life I have not met such annoying people.

I warn you, don't deposit any money. BIG SCAM !!!

Paul 09/25/2019

BAISE DES CHEATS !!!

Oublie ton argent. Ce courtier est une grosse arnaque. Callcenter appelle pour obtenir de l'argent que tu ne verras plus jamais. Le téléphone ne répond pas, pas de réponse par courrier électronique. SCAM!

Translated by Google:

F*CK CHEATS !!!
Forget your money. This broker is a big scam. Callcenter is calling for money you will never see again. The phone does not answer, no answer by email. SCAM!

Fr 08/29/2019

Nękająca firma

Wydzwaniają do mnie przedstawiciele i pracownicy tej firmy, w której pracują ludzie, którzy nie rozumieją kompletnie co się do nich mówi. Wielokrotnie powtarzałem, że NIE JESTEM ZAINTERESOWANY JAKĄKOLWIEK WSPÓŁPRACĄ z ich strony oraz prosiłem by dali mi spokój i przestali do mnie wydzwaniać. Nagabują do wpłacenia na ich platformę kwotę 250 USD, obiecując , że w ciągu miesiąca zarobię dzięki nim 200 - 300 USD. Mimo odrzucania połączeń, jednego dnia potrafili do mnie wydzwaniać ponad 20 razy !!! Pisałem do nich maile, które nie dochodziły, numer telefonu na ich stronie kompletnie nie odpowiada, na czacie jak tylko napiszę, by dali mi spokój to od razu się rozłączają.

JEDNO WIELKIE OSZUSTWO !!!
NIE DAJCIE SIĘ NABRAĆ ORAZ NACIĄGNĄĆ


Translated by Google:

Harassing company
Representatives and employees of this company, in which people work who do not understand what is being said to them, call me. I have repeatedly said that I AM NOT INTERESTED IN ANY COOPERATION on their part and I asked them to give me peace and stop calling me. They are soliciting to pay USD 250 to their platform, promising that in a month I will earn USD 200-300 thanks to them. Despite rejecting calls, they were able to call me more than 20 times in one day !!! I wrote to them e-mails that did not arrive, the phone number on their site does not respond completely, in the chat as soon as I write that they would give me peace they immediately hang up.

ONE BIG SCAM !!!
DON'T BE Fooled And Pulled Out

Paweł Więcko 08/21/2019

Never trade with Glob-Markets

Hi,

I am a victim of this company glob-markets.com ( glob-markets )
They called me and tried to convince me to trade with them.
I have deposit 250 euro and they promised that the account manager will call you. in the same day I got a call from other company asking the same, when I told them I just sign with another company, they asked the name of the company and I gave it, they told me it is a scam company, you will never get your money back.

I went back to them and I did a withdraw request, no action at all, after two days I did another withdraw and no action at all.
I call them many time, they don't answer your email or chat. my money is gone.

NEVER NEVER treat with them. They are just want you to deposit and you will never get your money back.

By the way, when you deposit your money, you will see extra charge about 4 euro, maybe for the cost of transfer I don't know.

NEVER NEVER GO with them.

FIRAS KASSIM 08/16/2019
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