GlobalTrade Investment Review
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GlobalTrade Investment is an online trading services provider that promises to provide investment opportunities to traders. On closer inspection, however, its legitimacy is very much in doubt. In this GlobalTrade Investment Review, we will discuss the key red flags surrounding this broker.
ASIC Warning Against GlobalTrade Investment
Australian Securities and Investments Commission (ASIC) has warned GlobalTrade Investment for not holding a license to provide financial or credit services in Australia, both of which are mandatory for any provider of financial services in the country. In other words, the company operates outside the perimeter of a regulatory structure, classifying it as a high-risk trading platform for discerning investors.
Lack of Transparency and Hidden Ownership
One of the biggest concerns in this GlobalTrade Investment Review is the broker’s lack of transparency. The identity of the owner is concealed on WHOIS, and it is hard to confirm whether the company is legitimate or not. Legitimate brokers are typically open about their ownership, regulatory status, and financial policies. GlobalTrade Investment, however, keeps this information hidden on purpose.
Poor Server Reputation and Security Concerns
The website globaltradeinv.org is not functional, which is another major red flag. Moreover, the server where the website is hosted also hosts some poorly rated websites, creating uncertainty about GlobalTrade Investment’s credibility. Data-sensitive services of the platform are hosted on a shared server, which raises the risk of data breaches and scams. A safe trading platform would give utmost priority to protecting users’ data, but this broker does not abide by security measures.
High-Risk Cryptocurrency Services
GlobalTrade Investment offers cryptocurrency-related services, which are often used by unregulated and fraudulent platforms. Cryptocurrency transactions are difficult to trace, making them a popular choice for scammers. Being an unregulated platform, investors who deposit money may not stand a chance to get their money back. For people who want a secure atmosphere for investing, this is one of the primary concerns.
The Age of the Website and Trust Issues
Another major issue discussed in this GlobalTrade Investment Review is the very young age of the website. Scam brokers tend to create new sites to escape detection and vanish after they have defrauded enough investors. A newly established site with no established track record is a red flag for prospective investors.
Final Verdict: Is GlobalTrade Investment a Scam?
According to the ASIC warning, unregulated status, concealed ownership, bad server reputation, and risky cryptocurrency services, GlobalTrade Investment seems to be an unreliable broker. Investors must be very careful before trading with this broker, as there are several red flags that suggest it may be a scam.
Report and Recover Your Funds
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