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GlobalFxExpert Forex Broker provides real users with * positive reviews, 1 neutral reviews and 6 exposure review!

GlobalFxExpert Broker Review

1.29

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Business

Influence E

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No license

GlobalFxExpert Review 7

Latest All(7) Neutral(1) Exposure(6)
Exposure
Change new URL scam Pay account activation fee

Yesterday, they suddenly contacted me again. They said that the website was under maintenance, so I couldn't withdraw money. Now it has been improved, and I need to pay $20 to activate the account. After that, I can log in and withdraw money. I was still deceived.

陳鋼
Authenticated
2024-09-13
Exposure
**Scam Reappears: Deception by someone claiming to be the CEO**

I previously exposed an issue where I couldn't withdraw funds and was deceived into transferring over $30,000. After receiving the money, the person disappeared. On September 6th, using the same website globalfxExpert, someone claiming to be the CEO told me that if I wanted to retrieve my profits, I would need to pay an additional $10,000. I won't be fooled again.

陳鋼
Authenticated
2024-09-07
Exposure
This website has a new webpage.

Here is a warning article about your previous scam experience: Beware of Scams: My Personal Experience and New Fraudulent Websites Hello everyone, I would like to take this opportunity to share my previous scam experience and remind everyone to be cautious of similar scams. Not long ago, I encountered someone who claimed to be an account manager. He claimed that he could help me make profits in trading and guided me in making investments. At first, everything seemed legitimate. They provided detailed procedures and even had a customer service manager to follow up. However, after I transferred the money as they requested, the account manager disappeared, and the customer service manager used the same tactics to deceive me. This series of scams caused me a loss of ¥170. Helpless, I had no choice but to report to the police, providing them with the relevant transfer information and details of the fraud. Recently, I discovered that they have changed to a new website and continue to engage in similar fraudulent activities. In order to prevent more people from being deceived, I would like to remind everyone to be vigilant and not to trust investment platforms or individuals that promise high returns. If you encounter a similar situation, please do not hesitate to immediately stop contact with them and report to the relevant authorities to avoid further losses. I hope everyone can stay away from scams, remain vigilant, and protect their financial security. This article serves as a reminder of the risks of scams and provides some lessons from your experience. If you need to modify or add more details, please let me know.

陳鋼
Authenticated
2024-09-06
Exposure
Be careful with this website, it is malicious and fraudulent, charging 10% for signal fee withdrawal.

Beware of Forex Trading Scams: Traps from Douyin to WhatsApp On August 12, 2024, I experienced a forex trading scam that started with a short video on Douyin. The person in the video claimed to be a forex trading expert and promised to help me make quick profits. Intrigued, I contacted the person and was quickly directed to continue the conversation on WhatsApp. On WhatsApp, he introduced a so-called "professional manager" and convinced me to transfer funds to their designated address, promising that the manager would handle the operations. After two days of trading, my account showed a profit of $2,800. When I requested a withdrawal, I was told that I needed to purchase additional "trading signals" in order to proceed with the withdrawal. At this point, I began to doubt the authenticity of the situation and decided to test the person. However, since I didn't have enough funds to purchase the so-called "signals," after multiple negotiations, my account was suspended. Subsequently, I contacted customer service and informed them that I had compiled all the information and was ready to submit it to law enforcement for investigation. After doing so, the person suddenly informed me that my account had been unlocked and allowed me to proceed with the withdrawal. When I logged back into my account, I found that the account balance had increased to $5,200. However, when I attempted to withdraw again, the person requested that I first pay a 10% platform fee, which amounted to $520, and guaranteed that once I made the payment, I could immediately withdraw the remaining balance. At this point, I became even more convinced that this was a carefully designed scam, with the sole purpose of continuously extracting my funds. This experience reminded me to remain vigilant when investing, especially when dealing with unfamiliar platforms and so-called "professional managers." Please be cautious and avoid becoming a victim of fraud. --- I hope this article can help you raise awareness among others.

陳鋼
Authenticated
2024-08-21
Exposure
The website is operated by fund managers. Only when they see an increase in the amount of a certain category, they will ask you to deposit for signal. If you don't deposit, you won't be able to withdraw funds, and they will continue to ask you to pay signal fees. Be cautious.

Illegal website

陳鋼
Authenticated
2024-08-18
Exposure
Refusing to withdraw with the reason of buying signal

I hope to get back the money I invested. There is uncertainty on this website. I am unable to trade on my own.

陳鋼
Authenticated
2024-08-15
Neutral
GlobalFxExpert: Complex Withdrawals and Delayed Support, Yet Effective Trading

Withdrawal process is a bit complicated with GlobalFxExpert. Too many options can be confusing, making it difficult to execute correctly and causing delays. Support response time can be long at times. However, order execution is effective, and the platform operates without any strange behaviors.

Dewhehd
2023-12-28

  

GlobalFXExpert 2025 Review: Everything You Need to Know

  Summary: The overall evaluation of GlobalFXExpert is overwhelmingly negative, with numerous reports highlighting significant concerns about its legitimacy and the safety of user funds. Key findings include a lack of regulatory oversight and numerous user complaints about withdrawal difficulties and deceptive practices.

  Note: It's essential to recognize that GlobalFXExpert operates across different jurisdictions, which complicates regulatory oversight and increases risks for users. This review consolidates various sources to provide a fair and accurate assessment of this broker.

  

Rating Overview

Category Score (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 1
Trading Setup (Experience) 4
Trustworthiness 1
User Experience 2
Overall Rating 2

  How We Rate Brokers: Our ratings consider user reviews, expert opinions, and factual data regarding broker operations.

  

Broker Overview

  Founded in 2023, GlobalFXExpert presents itself as an online trading platform offering a range of financial instruments, including forex, stocks, commodities, and cryptocurrencies. The broker claims to operate using a proprietary web-based platform but lacks support for widely recognized platforms like MT4 or MT5. Notably, GlobalFXExpert has not been regulated by any reputable financial authority, including the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC), raising substantial red flags regarding its legitimacy.

  

Detailed Breakdown

  •   Regulated Regions: GlobalFXExpert claims to operate in jurisdictions like the UK and Seychelles but has been flagged by the Seychelles Financial Services Authority (FSA) for operating without a license. This lack of regulatory oversight is a significant concern for potential traders.

  •   Deposit/Withdrawal Methods: The broker appears to accept deposits primarily in cryptocurrencies, particularly Bitcoin and Ethereum, but lacks transparency regarding withdrawal methods and associated fees. User reports indicate that withdrawal requests often face unexplained delays and additional fees.

  •   Minimum Deposit: The minimum deposit requirement is reported to be $100, which is relatively standard for many brokers. However, this low entry barrier may attract inexperienced traders who could be vulnerable to the broker's questionable practices.

  •   Bonuses/Promotions: There is no clear information regarding bonuses or promotions offered by GlobalFXExpert, which is a common feature among more reputable brokers.

  •   Tradeable Asset Classes: GlobalFXExpert provides access to various asset classes, including forex pairs, commodities, stocks, and cryptocurrencies, but the quality of execution and trading conditions remain questionable.

  •   Costs (Spreads, Fees, Commissions): Specific details about spreads and commissions are not readily available, which is a common tactic among unregulated brokers to obscure true trading costs. User reviews suggest that traders face unexpected charges when attempting to withdraw funds.

  •   Leverage: The broker does not specify leverage on its website, which is another red flag, as reputable brokers typically provide this information clearly.

  •   Allowed Trading Platforms: GlobalFXExpert operates a proprietary web-based platform, lacking the advanced features and reliability associated with established platforms like MT4 or MT5, which could hinder trading performance.

  •   Restricted Regions: There is limited information on restricted regions, but the absence of regulatory oversight suggests that the broker may not be compliant with regional trading laws, posing risks to traders in various jurisdictions.

  •   Available Customer Support Languages: Reports indicate that customer support is limited and often unresponsive, with many users expressing frustration over the inability to get assistance when facing withdrawal issues.

      

  

Repeated Rating Overview

Category Score (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 1
Trading Setup (Experience) 4
Trustworthiness 1
User Experience 2
Overall Rating 2

  

Detailed Analysis

  •   Account Conditions: Users have reported that the account opening process is straightforward, but the lack of regulatory oversight raises concerns about the safety of funds. The absence of segregated accounts means that user deposits are not protected in the event of broker insolvency.

  •   Tools and Resources: GlobalFXExpert claims to offer various trading tools, but these features are not on par with industry standards. Many users have noted that the platform lacks advanced analytical tools, which are crucial for effective trading.

  •   Customer Service and Support: The most significant complaint among users is the poor customer service, with many stating that support is unresponsive or difficult to reach when issues arise. This lack of support can be detrimental, especially when traders face withdrawal problems.

  •   Trading Setup (Experience): While the trading experience is reported to be relatively smooth, the lack of transparency regarding costs and withdrawal processes can lead to frustration and mistrust among users.

  •   Trustworthiness: Multiple warnings from financial authorities, including the Seychelles FSA, highlight the unregulated status of GlobalFXExpert, making it a risky choice for potential investors.

  •   User Experience: Overall, the user experience is marred by negative reviews highlighting withdrawal issues and a lack of transparency, which are critical factors for any trading platform.

  •   In conclusion, the GlobalFXExpert review indicates that this broker poses significant risks to traders, primarily due to its lack of regulation and poor customer service. Potential investors are strongly advised to consider regulated alternatives that offer greater security and transparency.