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Global Trade Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.globaltr..., the company's legitimate regulatory information CyprusCYSECStraight Through Processing (STP) to enhance the security of the company's address Kennedy Avenue 8, Offices 201&202, Athienitis Building, 1087, Nicosia ​

Global Trade Forex Broker

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
Global Trade CIF Ltd
Abbreviation
Global Trade
Company employee
--
Customer Service Email Address
info@globaltradecif.com
Contact Number
+35722000787
Company address
Kennedy Avenue 8, Offices 201&202, Athienitis Building, 1087, Nicosia ​
Keywords
10-15 years
Regulated in Cyprus
Straight Through Processing (STP)
Suspicious Scope of Business
High potential risk

Company profile

Global Trade Review SummaryFounded2001Registered Country/RegionCyprusRegulationCYSECServicesInvestment Services:Reception and transmission of orders in relation to one or more financial instrumentsExecution of orders on behalf of clientsAncillary Services:Safekeeping and administration of financial instruments, including custodianship and related servicesGranting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transactionForeign exchange services where these are connected to the provision of investment servicesInvestment research and financial analysis or other formsCustomer SupportPhone: +357 22 000 787Email: info@globaltradecif.comRegistered office: Kennedy Avenue 8, Offices 201&202, Athienitis Building, 1087, NicosiaGlobal Trade Information Global Trade, founded in 2001, is an investment firm registered in Cyprus. The services it provides cover investment services, ancillary services. It is regulated by CYSEC.Pros and ConsPros Cons RegulatedLimited information about productsWide range of servicesCustomer support options limitedAccess to educational resourcesNo account informationNo payment methods informationIs Global Trade Legit? Global Trade is regulated by CYSEC in Cyprus. Its current status is regulated.Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent StatusCyprusCYSECGlobal Trade CIF LtdStraight Through Processing(STP)190/13RegulatedServices Investment Services: Reception and transmission of orders in relation to one or more financial instruments. Execution of orders on behalf of clients. Ancillary Services: Safekeeping and administration of financial instruments, including custodianship and related services. Granting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction. Foreign exchange services where these are connected to the provision of investment services. Investment research and financial analysis or other forms.

Rating Index

How to login to Global Trade ?
Global Trade Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Global Trade Account Registering for a global trade account is the first step to accessing a world of trading opportunities. Follow these detailed steps to

  

Global Trade Forex Broker - Comprehensive Information Guide

  

1. Broker Overview

  Global Trade, officially known as Global Trade CIF Ltd, has been a prominent player in the online trading landscape for approximately 10 to 15 years. Established in Cyprus, the broker operates with a focus on providing a regulated trading environment, primarily catering to retail and institutional clients. The company is privately owned and has developed a reputation for offering a diverse range of financial products and services.

  Headquartered in Nicosia, Cyprus, Global Trade has made significant strides in the financial sector, marking key milestones in its journey. These include obtaining regulatory licenses and expanding its product offerings to meet the evolving needs of traders. The company operates under the oversight of the Cyprus Securities and Exchange Commission (CySEC), which has helped establish a level of trust and credibility among its clientele.

  Global Trade operates primarily in the Forex market, offering a variety of trading instruments, including contracts for difference (CFDs), commodities, exchange-traded funds (ETFs), and synthetic derivatives. The brokers business model is centered around providing a straight-through processing (STP) environment, ensuring efficient trade execution and minimal conflicts of interest.

  

2. Regulatory and Compliance Information

  Global Trade is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is responsible for overseeing financial services and ensuring compliance with industry standards. The license number issued by CySEC is 190/13, confirming the broker's adherence to strict regulatory requirements.

  The regulatory framework under which Global Trade operates includes several key aspects:

  • Client Fund Segregation: Client funds are held in separate accounts, ensuring that traders' capital is protected.
  • Investor Compensation Fund: Global Trade participates in an investor compensation fund, providing additional security for clients in the event of broker insolvency.
  • KYC and AML Compliance: The broker follows Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, ensuring that all clients are verified and that transactions are monitored for suspicious activity.

  Different sources indicate that while Global Trade claims to adhere to regulatory standards, some reviews question the completeness of its compliance measures, urging potential clients to conduct thorough due diligence before engaging with the broker.

  

3. Trading Products and Services

  Global Trade offers a comprehensive suite of trading products designed to cater to various trading strategies and preferences. The key offerings include:

  • Forex Trading: A wide range of currency pairs is available, allowing traders to engage in both major and minor currency markets.
  • CFDs: Traders can speculate on price movements of indices, commodities, and shares without owning the underlying assets.
  • Commodities: Access to trading in precious metals, energy products, and agricultural commodities is provided.
  • ETFs: Global Trade supports trading in exchange-traded funds, enabling diversification within a single investment vehicle.
  • Synthetic Derivatives: Unique products designed to replicate the performance of underlying assets.

  The broker frequently updates its product offerings to align with market trends and client demands, although specific details on the frequency of these updates are not explicitly mentioned in available sources.

  

4. Trading Platform and Technology

  Global Trade utilizes its proprietary trading platform, Xcite, which is designed to meet the needs of both novice and experienced traders. The platform is equipped with a range of features, including:

  • Web-Based Access: Traders can access their accounts and trade directly from their web browsers without needing to download software.
  • Mobile Application: The Xcite platform supports mobile trading through applications available for both iOS and Android devices.
  • Execution Mode: The broker operates on a straight-through processing (STP) model, allowing for direct market access and faster execution times.
  • Advanced Trading Tools: The platform includes features such as market analysis tools, autochartist for technical analysis, and trading signals to assist traders in making informed decisions.

  While the platform does not support MetaTrader 4 or 5, it offers a user-friendly interface that is tailored to enhance the trading experience.

  

5. Account Types and Trading Conditions

  Global Trade offers a tiered account system designed to accommodate different levels of investment and trading experience. The key features of the account types include:

  • Standard Account: The minimum deposit requirement is €200, with varying spreads and no commissions on trades.
  • Advanced Accounts: Higher-tier accounts provide additional benefits, such as increased leverage, reduced spreads, and access to premium features.
  • Special Accounts: Options for Islamic accounts and corporate accounts may be available, although specific details on these are not extensively covered in the available sources.
  • Leverage: The leverage offered varies by product, allowing traders to amplify their positions according to their risk tolerance.

  Unfortunately, Global Trade does not provide a demo account option, which may limit the ability of new traders to practice before trading with real funds.

  

6. Fund Management

  Global Trade supports a variety of deposit and withdrawal methods to facilitate smooth transactions for clients. The key aspects include:

  • Deposit Methods: Clients can fund their accounts using bank transfers, credit/debit cards, and e-wallets.
  • Minimum Deposit Requirement: The minimum deposit varies by account type, starting from €200 for standard accounts.
  • Deposit Processing Time: Deposits are generally processed quickly, although specific time frames are not detailed in the sources.
  • Withdrawal Methods: Withdrawals can be made through the same methods used for deposits, with processing times typically taking up to five business days for wire transfers.
  • Withdrawal Fees: Information on withdrawal fees is not explicitly provided, indicating that clients should confirm any potential charges with customer support.

  

7. Customer Support and Educational Resources

  Global Trade provides customer support through various channels, ensuring that traders can receive assistance when needed. The key features include:

  • Support Channels: Clients can reach out via telephone, email, and potentially through online chat, although the availability of live chat support is not confirmed.
  • Service Hours: Customer support operates during standard business hours, but specific time zone coverage is not detailed.
  • Multilingual Support: The broker offers support in multiple languages, although the exact languages are not specified.
  • Educational Resources: Global Trade provides access to educational materials such as webinars, tutorials, and e-books to help traders improve their skills and knowledge.
  • Market Analysis Services: Daily market analysis and research reports are available to keep clients informed about market trends and opportunities.

  

8. Regional Coverage and Restrictions

  Global Trade primarily serves clients in various regions, although specific limitations apply. The key points include:

  • Main Service Markets: The broker targets clients across Europe and potentially other regions, although specific country coverage is not detailed.
  • Regional Offices: Global Trade's main office is located in Cyprus, with no additional regional offices mentioned.
  • Restricted Countries: Certain countries may be restricted from opening accounts with Global Trade, although specific details on these regions are not provided in the available sources.
  • Special Restrictions: Information regarding any special restrictions or limitations is not explicitly mentioned.

  In conclusion, Global Trade presents itself as a regulated broker with a range of trading products and services tailored to meet the needs of various traders. However, potential clients are encouraged to conduct thorough research and consider their individual trading needs and risk tolerance before engaging with the global trade broker.

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Global Trade Forex Broker has an overall rating of 2.73, Regulatory Index 4.29, License Index 1.76, Business Index 8.30, Software Index 4.00 Risk Control Index 0.00.
Global Trade