GLOBAL SOLUTION Review 1
A person has reported that he has been scammed by this broker. Others, stay away from this broker.


GLOBAL SOLUTION Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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A person has reported that he has been scammed by this broker. Others, stay away from this broker.
In the world of online trading, the reputation of a broker can significantly impact a trader's experience. Global Solution has garnered a mixed reputation, with numerous reviews indicating serious concerns about its legitimacy and practices. Many users report negative experiences, particularly regarding withdrawal issues and unregulated operations. Notably, the broker operates from Dominica, a region often associated with lax regulations, which raises red flags for potential traders.
Note: It is crucial to recognize that Global Solution may operate under various names or domains, which can complicate the search for accurate information. This review aims to provide a balanced perspective based on available data.
Category | Score (out of 10) |
---|---|
Account Conditions | 3 |
Tools and Resources | 4 |
Customer Service | 2 |
Trading Experience | 3 |
Trustworthiness | 1 |
User Experience | 2 |
We base our ratings on comprehensive analysis and user feedback.
Founded in 2020, Global Solution is an online trading platform that claims to offer a variety of trading options, including forex and CFDs. The broker operates a proprietary web-based trading platform, which many users find lacking compared to established platforms like MT4 or MT5. Global Solution provides access to a range of assets, including currency pairs, commodities, indices, and cryptocurrencies. However, it is important to note that the broker is unregulated, and it has faced warnings from regulatory bodies such as the FCA in the UK, which has labeled it a scam.
Global Solution is based in Dominica, which lacks a robust regulatory framework for forex trading. This absence of regulation means that traders have little to no recourse in the event of issues with the broker. The Financial Conduct Authority (FCA) in the UK has issued warnings against Global Solution, indicating that it operates without proper authorization. This raises significant concerns regarding the safety of funds deposited with the broker.
Global Solution accepts various deposit methods, including credit cards and wire transfers. However, users have reported significant difficulties when attempting to withdraw their funds. Complaints indicate that withdrawal requests are often delayed or ignored altogether, a common tactic used by unregulated brokers to retain clients' funds. Additionally, there are high fees associated with withdrawals, which can further deter users from accessing their money.
The minimum deposit required to open an account with Global Solution is $250. While this may seem accessible, many users have expressed that the low barrier to entry is a tactic to lure in unsuspecting traders, only to later impose stringent conditions on withdrawals.
Global Solution has been known to offer bonuses and promotions, but these often come with restrictive terms that can make it difficult for traders to withdraw any profits earned. Many reviews highlight that the bonuses cannot be easily accessed, leading to frustration among users.
Traders with Global Solution can access a variety of asset classes, including forex, commodities, indices, stocks, and cryptocurrencies. However, the quality of trading conditions, such as spreads and leverage, is often criticized. For instance, spreads for major currency pairs can reach as high as 3 pips, which is significantly above the industry standard.
Users have reported high transaction costs, including withdrawal fees that can be as much as $50 for wire transfers and additional processing fees. Furthermore, if traders do not meet certain trading volume requirements, they may be subjected to a 10% fee on withdrawals, which is a tactic often employed by scam brokers.
Global Solution offers leverage of up to 1:100, which is higher than what is permitted by many regulatory authorities. This high leverage can be appealing to traders looking to maximize their profits, but it also significantly increases the risk of substantial losses.
The broker provides a basic web-based trading platform, which lacks the features and reliability of more established platforms like MT4 or MT5. Users have reported that the trading interface is simplistic and does not offer the necessary tools for effective trading strategies.
Global Solution does not accept clients from the United States, which is a common practice among unregulated brokers to avoid scrutiny from stringent regulatory bodies.
Customer support is reportedly limited, with many users expressing dissatisfaction with the responsiveness and quality of service. The primary languages offered include English and German, but reviews indicate that support is often slow and unhelpful.
Category | Score (out of 10) |
---|---|
Account Conditions | 3 |
Tools and Resources | 4 |
Customer Service | 2 |
Trading Experience | 3 |
Trustworthiness | 1 |
User Experience | 2 |
In conclusion, the Global Solution review paints a concerning picture of a broker that operates in a largely unregulated environment, attracting users with low minimum deposits and a broad range of assets, but ultimately failing to deliver on promises of safety and reliability. Traders are strongly advised to exercise caution and consider reputable, regulated alternatives for their trading needs.
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