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GLOBALFOREX Forex Broker provides real users with * positive reviews, * neutral reviews and 2 exposure review!

GLOBALFOREX Broker Review

1.46

WikiFX monitor

Business

Influence E

License

No license

GLOBALFOREX Review 2

Latest All(2) Exposure(2)
Exposure
globalforex fraud of fund

June 6 2024 I joined this business. Initially, I was told to withdraw 300 thousand. After I TF they told me to withdraw another 556 thousand so that my money could be returned. After I TF they asked for another TF of 756 thousand so that I could withdraw 2 million. After I TF they asked for another 2959 thousand so that I was able to withdraw 19 million after I deposited them, they asked me to withdraw another amount of 3210 thousand and they said I had won a trophy of 27 million but I had to deposit another 6 million with them so that my money could be returned and until now my money has not been returned. Please get my money back.

ana9717
2024-06-27
Exposure
Fraudulent trading

First of all, I saw that from TikTok, a capital of 300 thousand can produce double the income, I chatted from the TikTok application, after that the admin sent a WhatsApp number with the number +62 822-4537-9742, I chatted from WhatsApp, and they sent a capital receipt, and and I chose 300 thousand which could be 2 million rupiah, after that I made a transaction of 300 thousand rupiah, after that I sent it to the admin, and the admin said confirm to the disbursement party, after that I sent proof of delivery for 300 thousand, after that the disbursement party said I had to make a transaction of IDR 552,729, first I sent 400 thousand, the disbursement party said it had to match the nominal amount, I sent another amount of IDR 152,729, after I made the transaction the disbursement party said it had to match the nominal value, I made another transaction of IDR. 552,729, after making the transaction I sent proof of delivery, the disbursement party said again I had to send IDR 753,429, I made a transaction of IDR 753,429, after that the disbursement party said I had to make another transaction of IDR 3,637,200, after the disbursement party said that, I shocked and feeling doubtful. I told the disbursement party why it had to be that much; the disbursement party said trading tax; after paying the trading tax, the profits will automatically go into your account; I made another transaction; after that, I sent proof of delivery; after that, the admin said I had to send another Rp. 5,046,509 to activate the balance, but I didn't want to; after that, I cursed at them, and they blocked my number, either the admin or the disbursement party; they all blocked my number.

satria7017
2024-06-12

  

GlobalForex 2025 Review: Everything You Need to Know

  In this comprehensive review of GlobalForex, we delve into the broker's offerings, user experiences, and expert opinions. Overall, GlobalForex presents a mixed bag; while it provides a robust trading platform and a variety of trading instruments, concerns about its regulatory status and customer service persist. Key features include its competitive spreads and the availability of educational resources, but potential users should be cautious due to varying regulatory oversight across different regions.

  Note: It is crucial to highlight that GlobalForex operates under different entities in various jurisdictions, which may affect the level of regulatory protection available to traders. This review aims for fairness and accuracy by synthesizing data from multiple reputable sources.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 5
Trading Experience 6
Trustworthiness 4
User Experience 6
Overall 5.5

  How We Rated the Broker: Our ratings are based on a thorough analysis of user feedback, expert opinions, and factual data from various sources.

  

Broker Overview

  Founded in 1998, GlobalForex has established itself as a player in the forex trading market. The broker offers a user-friendly trading platform, primarily utilizing MetaTrader 4 and MetaTrader 5 for its operations. Traders can engage in a diverse array of asset classes, including forex, commodities, and indices. However, the broker's regulatory status is a significant concern, as it lacks oversight from major regulatory bodies, which could impact trust and security for traders.

  

Detailed Breakdown

  • Regulatory Regions: GlobalForex operates in various jurisdictions, but it is not regulated by any top-tier authorities, raising concerns about trader protection.
  • Deposit/Withdrawal Currencies/Cryptocurrencies: The broker supports multiple currencies for deposits and withdrawals, including USD and EUR, but specific cryptocurrency options are unclear based on the available data.
  • Minimum Deposit: The minimum deposit requirement is reported to be around $300 for standard accounts, which is relatively moderate compared to other brokers.
  • Bonuses/Promotions: GlobalForex offers various promotions, although specifics were not detailed in the sources reviewed.
  • Available Asset Classes: The broker provides access to a range of trading instruments, including major and minor currency pairs, commodities, and indices.
  • Costs (Spreads, Fees, Commissions): Spreads start as low as 2 pips, but the lack of transparency regarding additional fees is a concern.
  • Leverage: GlobalForex offers leverage up to 1:100, which is standard in the industry but may not be suitable for all traders due to the associated risks.
  • Allowed Trading Platforms: The primary platforms available are MT4 and MT5, both of which are well-regarded in the trading community.
  • Restricted Regions: The broker does not accept clients from certain jurisdictions, but specifics were not provided in the sources.
  • Available Customer Service Languages: Customer support is primarily offered in English, with limited options for non-English speakers.

  

Ratings Revisited

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 5
Trading Experience 6
Trustworthiness 4
User Experience 6
Overall 5.5

  

Detailed Analysis

  •   Account Conditions (6/10): GlobalForex offers a moderate minimum deposit requirement, but the lack of transparent fee structures raises concerns. Users have reported mixed experiences regarding account management and withdrawal processes.

  •   Tools and Resources (7/10): The availability of educational resources is a plus, with materials aimed at both novice and experienced traders. However, the depth of these resources may not be sufficient for advanced traders.

  •   Customer Service and Support (5/10): Customer service has received criticism for being slow and unresponsive at times. While support is available 24/7, the quality of assistance varies, which can be frustrating for users.

  •   Trading Experience (6/10): The trading platform is user-friendly, but the absence of advanced features compared to other brokers may limit the trading experience for more seasoned traders.

  •   Trustworthiness (4/10): The lack of regulation from major authorities is a significant drawback. Many experts advise caution when trading with unregulated brokers, as this can lead to potential risks.

  •   User Experience (6/10): Overall user experiences are mixed, with some traders praising the platform's functionality while others express concerns about the broker's transparency and customer service.

  •   In conclusion, while GlobalForex offers some competitive features and a user-friendly trading environment, potential traders should carefully consider the regulatory implications and user experiences before engaging with the broker. As always, it is advisable to conduct thorough research and seek out regulated alternatives when possible.