Global-Coin foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://global-coin.pro, about the company's legal and temporary regulatory information, the company's address .
Global Coin, officially known as Global Coin Ltd, was established in 2022. The company is headquartered in Fitchburg, Wisconsin, and operates primarily as a private entity. The broker aims to serve a global market, focusing on retail clients interested in trading various financial instruments.
Since its inception, Global Coin has positioned itself in the rapidly evolving financial services sector, particularly emphasizing the sale and collection of precious metal coins, including gold, silver, platinum, and other rare metals like palladium and rhodium. Despite being a relatively new player in the market, it has quickly garnered attention, although not always positively.
The company's development has been marked by significant milestones, including its registration in 2022 and the launch of its online trading platform. However, it is crucial to note that Global Coin operates without the backing of recognized regulatory authorities, raising concerns about its legitimacy and operational transparency.
As a broker, Global Coin primarily engages in retail forex trading, offering clients access to a range of trading products and services. However, the lack of regulation and transparency about its management raises red flags for potential investors.
Global Coin is notably unregulated, with no oversight from major financial regulatory bodies. The UK's Financial Conduct Authority (FCA) has issued warnings against Global Coin, explicitly stating that the company is not authorized to offer financial services or products in the UK. This lack of regulation exposes investors to potential fraud and financial losses, as unauthorized firms often lack transparency regarding their operations and financial stability.
The absence of regulatory licenses is alarming, as Global Coin does not operate under any recognized regulatory framework. There are no listed regulatory numbers or valid licenses associated with the broker. Furthermore, the company's management lacks reliable information, making it difficult for potential clients to assess its credibility.
Customer funds are not guaranteed safety through any investor compensation funds, and the company does not adhere to KYC (Know Your Customer) or AML (Anti-Money Laundering) compliance measures, which are essential for protecting client investments. This regulatory vacuum significantly heightens the risks associated with trading through Global Coin.
Global Coin offers a variety of trading products, primarily focusing on forex trading. The broker provides access to numerous currency pairs, although specific details regarding the total number of pairs are not disclosed. Additionally, Global Coin facilitates CFD (Contracts for Difference) trading across various asset classes, including indices, commodities, stocks, and cryptocurrencies.
The broker's product offerings include:
While the broker claims to regularly update its product offerings, the lack of transparency regarding the frequency and nature of these updates raises concerns. Retail trading services are available, but details about institutional client services or white-label solutions are not specified.
Global Coin provides its clients with a proprietary web-based trading platform. However, it does not support popular trading software like MetaTrader 4/5, which is commonly used in the industry. The absence of a mobile application for trading is another limitation, as clients can only access the platform via a web browser.
Key features of the Global Coin trading platform include:
Global Coin does not provide information regarding API access or support for automated trading, limiting options for more advanced traders.
Global Coin offers several account types, each with varying conditions:
The broker does not offer a demo account, which is a significant drawback for new traders wishing to practice before committing real funds. Leverage ratios and minimum trade sizes are also not disclosed, creating uncertainty regarding trading conditions.
Additionally, information on overnight fees and the policies governing them remains unavailable, further complicating the decision-making process for potential clients.
Global Coin supports multiple deposit methods, including bank transfers and credit cards, although specific details on the available electronic wallet options are not provided. The minimum deposit requirements vary by account type, starting from $250.
Key aspects of fund management include:
The lack of clarity on deposit and withdrawal fees further complicates the financial landscape for clients considering Global Coin as their trading partner.
Global Coin offers customer support through various channels, including:
The service hours and time zone coverage are not explicitly stated, leaving clients unsure of when they can access support. Additionally, the broker's multi-language support capabilities are not mentioned, which could be a barrier for non-English speaking clients.
In terms of educational resources, Global Coin appears to provide limited offerings. The types of educational materials, such as webinars, tutorials, and market analysis services, are not clearly outlined, which could hinder the learning experience for new traders.
Global Coin claims to operate globally, but specific details regarding the primary markets served and the distribution of regional offices are not provided. The broker does not specify which countries or regions it does not accept clients from, which is essential information for potential investors.
Moreover, any special restrictions related to regional regulations or compliance issues are not disclosed, raising concerns about the broker's operational transparency.
In conclusion, while Global Coin presents itself as a trading platform with various offerings, significant concerns regarding its regulatory status, transparency, and operational practices warrant caution. Potential clients should thoroughly research and consider these factors before engaging with the Global Coin broker.
Exposure WikiFX Scam Alert: Plz avoid Global Coin like the plague!!!
Global Coin was officially exposed as a scam by the British regulator FCA, which issued a warning against the brokerage. Blacklisted brokers are fraudulent and should be avoided no matter what!
Oi419
Netherlands
I made a Account on Global coin Mart on website www.globcomats.com. My account was verified and money (€950) was transferred to my account . After I noticed that the trader I was planning to copy vanished on IG tried to withdraw my money. A day later my account does not exist anymore.
Exposure
2023-12-24