Global Wealth Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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In the beginning, someone added friends from Facebook, and then made a deposit in China. Later, software problems began to appear, and the customer service response was very vague. After that, they could not be contacted at all. They also changed their location in Hong Kong. I cannot find anyone. All of them are absconded.
Summary: The overall evaluation of Global Wealth reveals significant concerns regarding its legitimacy and regulatory compliance, with numerous sources labeling it as an unregulated broker and potentially a scam. Key findings highlight a lack of regulatory oversight and numerous user complaints regarding withdrawal issues and misleading promises.
Note: It's important to recognize that variations exist between different entities operating under similar names. This review adopts a fair and accurate approach by consolidating information from multiple sources.
| Category | Rating (Out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's operations.
Global Wealth is an online trading platform that has garnered a reputation for being unregulated and potentially fraudulent. The exact year of establishment is unclear, but various sources indicate that it has been operational for several years. The broker claims to offer various trading services, including Forex, cryptocurrencies, and CFDs, but lacks any credible regulatory oversight.
The platform does not specify which trading software it utilizes, and there are no mentions of popular trading platforms like MT4 or MT5. Additionally, the broker's asset offerings remain vague, with no clear information provided on the specific financial instruments available for trading.
Global Wealth is noted for its lack of regulation, with multiple sources labeling it as an unregulated broker. According to Premiumrecoup, the absence of oversight is a significant red flag, indicating that clients' funds are not secure. Furthermore, the broker has been flagged by various financial authorities for unauthorized activities, which raises serious concerns about its legitimacy.
The information surrounding deposit and withdrawal methods is sparse, with no clear indication of the currencies or cryptocurrencies accepted by Global Wealth. User experiences suggest that withdrawal requests are often met with delays or outright refusals, further underscoring the broker's questionable practices.
While specific minimum deposit requirements are not consistently reported, some sources mention a starting deposit of around $500. However, users have expressed concerns about the broker's aggressive marketing tactics, which often involve enticing potential clients with promises of high returns and bonuses that appear too good to be true. According to WikiFX, such tactics are characteristic of fraudulent schemes.
The costs associated with trading on Global Wealth are not well-documented, with no clear information on spreads, fees, or commissions. The lack of transparency in this area raises additional red flags for potential investors. Furthermore, the leverage offered by the broker remains unspecified, which is crucial information for traders looking to manage their risk effectively.
Global Wealth does not appear to support any widely recognized trading platforms, leaving users with an unclear trading experience. This lack of established trading software may deter serious traders who prefer platforms like MetaTrader. Additionally, there is no mention of restricted regions, which could indicate a broader operational scope but also raises concerns about regulatory compliance.
Customer support for Global Wealth is reportedly lacking, with numerous users voicing frustrations over delayed responses and unhelpful service. The languages offered for customer support remain unclear, making it challenging for non-English speakers to seek assistance.
| Category | Rating (Out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
Account Conditions (2/10): The lack of transparency regarding account types and minimum deposits raises concerns about the broker's legitimacy. User reports indicate that initial deposits may lead to aggressive upselling tactics.
Tools and Resources (3/10): Global Wealth offers minimal educational resources or trading tools, which are essential for both novice and experienced traders. The absence of a recognized trading platform further detracts from its appeal.
Customer Service and Support (2/10): User experiences highlight significant issues with customer support, including long response times and inadequate assistance when issues arise.
Trading Setup (3/10): The unclear trading environment, combined with the lack of a reputable trading platform, leads to a subpar trading experience. Users have reported difficulties in executing trades effectively.
Trustworthiness (1/10): The absence of regulatory oversight and numerous user complaints regarding withdrawal issues and misleading promises contribute to a low trust rating for Global Wealth.
User Experience (2/10): Overall user experiences are overwhelmingly negative, with many users expressing dissatisfaction with their interactions with the broker.
In conclusion, the Global Wealth review reveals significant concerns about the broker's legitimacy and operational practices. Potential investors are strongly advised to exercise caution and conduct thorough research before engaging with this platform.
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