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GlobalInvestmentHouse Review - is it scam or safe?

GlobalInvestmentHouse Review - is beitinvest-ar.com scam or good forex broker?

RATING: 1 / 1 REVIEWS ForexBrokerz GlobalInvestmentHouse
GlobalInvestmentHouse is an offshore broker. Your money is not safe.

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Global Investment House says to be offering over 200 trading assets, including forex pairs, precious metals, energy commodities, stocks and crypto coins with a choice of five account types, including an Islamic one, and the MetaTrader5 platform. And they say to be regulated by the Financial Conduct Authority (FCA) in the UK and to have 16 international offices throughout Europe, Asia, Middle East, Africa and Latin America.

 

Trading account  Min. deposit Max. leverage Spread
Classic Account $500 n/a n/a
Silver Account $2500 n/a n/a
Gold Account $10 000 n/a n/a
Islamic Account n/a n/a n/a
VIP Account n/a n/a n/a

 

As good as all of this may sound there are a number of issues about this broker, starting from the fact that their website is virtually anonymous – we are not told the name of the company behind the whole operation and there is no contact adders.

 

And besides, when we checked the FCA registers, there was to trace of a company linked in any way to Global Investment House.

 

Global Investment House Advantages:

 

We usually try to come up any positive aspects about the broker we investigate, but with Global Investment House unfortunately we did not find any.

 

Global Investment House Disadvantages: 

 

Anonymous website, falsely claims to be regulated by the FCA

 

As we already noted we do not known the name of the company behind Global Investment House, nor do we know under what jurisdiction it is incorporated. And Global Investment House says to be regulated by the Financial Conduct Authority (FCA) in the UK, but this simply turned out not to be true. As we already mentioned we diligently checked the FCA registers and we found no company associated with Global Investment House. See for yourself:

 

 

So what we are dealing here is a unregulated anonymous website, most probably involved in scam.

 

Unregulated brokers in general are completely unaccountable for the way they handle your money, so our best advise here is to trade only with properly regulated ones, licensed by a respectable institution such as the FCA in the UK, the Australian Securities and Investments Commission (ASIC) or let say the Cyprus Securities and Exchange Commission (CySEC).

 

And besides, with an FCA broker you will even get an insurance of up to 85 000 on your trading account. Here is a link with our list of brokers regulated in the UK:

 

>>FCA Regulated Forex Brokers<<

 

Customers required to disclose personal banking details

 

We were really shocked to see that requirement. Global Investment House insists that you send them copies of the front and the pack side of your credit card. This simply means that the people running the website will have both your credit card number and your card security code, which is the three digit number on the back of the card. In this way they will be able to use the card freely to purchase goods and services over the internet. See for yourself:

 

 

Client Agreement missing

 

This is another disturbing point. The Terms and Conditions or the client agreement is a key legal document that establishes the relations between the client and the broker. When you open a trading account you will have to agree to those terms and conditions, and here with  Global Investment House you will have to agree with something you have not even read.

 

No demo account

 

Unfortunately we were not able to open a demo account with  Global Investment House, so we can not comment on their spreads and trading conditions in general. In any case here you may check our list of brokers, offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

MetaTrader5 unavailable

 

Global Investment House says to be offering the MetaTrader5, but we were not able to download the platform from their website. In any case MT5 is a highly reliable platform, featuring nearly a hundred market indicators and customizabel trading bots, with the help of which one can easily run algorithmic trading sessions. And it alos features an excellent set of advanced charting tools, so here you may check our list of brokers, which do support the MT5:

 

 >>MT5 Brokers<<

 

Skrill not accepted as payment method

 

We understand that Global Investment House accepts payments with credit cards like VISA and MasterCard and bank wire. No e-wallets like Neteller and Skrill are accepted however, and that is notable, because of the new anti scam policy adopted by Skrill a year ago. According it Skrill partners only with licensed brokers and as we already discussed Global Investment House does not have a license whatsoever. In any case here you may check our list of brokers, which do accept Skrill payments:

 

>>Brokers accepting Skrill<<

 

High minimum deposit requirement

 

Global Investment House asks for a minimum deposit of at least 500 USD and that is twice the amount most brokers usually require. And there are companies like FBS and IG, where you will be able to start trading with just 5 USD or even less.

 

Conclusion:

 

As we already discussed Global Investment House is an anonymous website, which falsely claims to be regulated by the FCA in the UK. Our experience shows that websites like  Global Investment House are invariably operated by scammers, so our strong advice is to avoid them and trade only with properly licensed companies.

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Traders` reviews for GlobalInvestmentHouse

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