Globalix has the name, fame, and even a professional website with appealing offers soothing enough to entice potential investors like you. But beyond what the platform looks like, claims with top-tier banks in Europe, and promises to help you make huge returns on your investment, among other things, there are red flags about them.
Globalix.com has now collapsed.
It isn’t a problem to attempt trading, but issues start to arise when you lose both capital and profit or realize that you have just been scammed. So, before making your decision to trade your money with Globalix, it will be wise to review the platform to understand what risk you are about to face. In this review, we will provide our honest review of the platform and leave you to decide on what is best for you.
This review details our honest and objective encounter with Globalix.
Did You Know?
There are ‘small-scale courts’ to resolve financial disputes up to $25000. However, most broker-consumer disputes are resolved by arbitration. The alternative of a lawsuit in court is less preferred, as most brokers require their customers to sign agreements at the time of account opening.
About Globalix
About Globalix
As an acclaimed offshore broker with many promises, Globalix has a professional platform design and persuasive offers to help investors trade their funds and make profits. The platform gives you access to assets and wrong details, including other data whose sources are undisclosed.
Globalix brags a lot about fake things that do not genuinely exist, and it is intentionally silent about providing evidence for its claims to appeal to our logic.
For instance, Globalix claimed to have professionals whose training and experience are undisclosed. Likewise, information about their registration and partnership with top-tier banks in Europe is questionable since they are not recognized by any EU regulator. Everything about Globalix doesn’t look genuine, and there is no guarantee of profit through it.
The platform doesn’t have evidence of previous genuine trading, and most of its acclaimed “professionalism” in helping traders isn’t convincing enough. Globalix isn’t a licensed platform to trade, and it does not have the right to invest with public funds merely based on its persuasive offers. No real trader will fall for such emotional bait, so you shouldn’t.
How Globalix Operates
How Globalix Operates
Globalix.com operates in disguise under the image of the compatibility of their website with 50 forex pairs on other investments unrelated to any crypto assets. However, this isn’t genuine enough to guarantee your profit. Many things seem suspicious about their mode of operation. For instance, Globalix is located in the Marshall Islands and is known for its lack of official regulation and recognition from the Marshall Islands government.
Globalix operates
While Globalix operates without being licensed for any financial regulation, it demands that you provide your details upon registration. This is a bit off. Providing your details for such an unreliable platform with no identity would mean you are making yourself liable to scammers, as they can use your details for illegal activities.
Globalix operates a demo account and operates an easy-to-navigate web page designed to make trading easy for beginners. This brokerage platform uses MT4 trading on its website which, based on experience, offers a good trading profit. Globalix Review looks fine from the beginner’s perspective, but technically, we identify that they operate using 3pips, which is more than the company’s average. Investing your hard-earned money into such an unregulated platform may be risky. Globalix Review doesn’t have any evidence of successful trades on its platform for the past few months. And, it will be dangerous to be a victim.
Not only that, Globalix has a lot of irrelevant trading options to trap your money. Also, the least you can invest in Globalix.com is $250, which is considered too much to risk or try. Global isn’t under any regulatory body such as FCA and CySEC, which are reliable regulatory agencies that compensate clients for any loss or fraud. FCA and CySEC compensate up to 85000 pounds and 20000 euros per person, respectively. In other words, traders are not guaranteed to get their money back since they are not under any regulatory body.
Why You Should Avoid Globalix
Why You Should Avoid Globalix
This brokerage platform has received many negative reviews on its various platforms, such as Facebook, Instagram, and many others, within the last few months of operation. For instance, aside from not being licensed to trade by the EU regulator, Globalix was also banned in Spain by CNMV, its regulator, in 2019.
Globalix has no legal backing to operate as a crypto trader or perform investment services. It is not authorized to provide financial advice or receive public funds. The government under which Globalix is registered doesn’t allow forex trading under its regulatory system.
Globalix Deposit and Withdrawal
Globalix Deposit and Withdrawal
Though explicitly stated, There are many charges on Globalix, they are not too favorable and don’t encourage trading. For instance, the platform offers different deposit options, such as wire transfers, e-wallets, and master cards, among other credit cards. Based on the information provided on the platform, while it is easy to deposit into the account, you will face challenges getting back your money. Aside from the fact that the company doesn’t look legitimate, it charges an extra $100 for not using your account for 45 days.
Not just that, every withdrawal charges 3.4 percent of the transaction fee, and you must have participated in more than 20 trades if you are using their auto-trading software product with an additional $100 charge. Globalix charges almost everything to discourage withdrawal, which is not a positive sign for a genuine business. That makes deposit supper easy and discourages fast withdrawal. To make things worse, Globalix charges you for inquiring why your withdrawal is being delayed. All these are red flags for legal and profitable investment.
