Global Premier Review 2024

Global Premier Review 2024

Updated:
Updated: February 21, 2024

Attention!

This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.

We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:

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Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of Global Premier Trading Company

The company Global Premier was registered in Saint Vincent and the Grenadines, but it operated without a license, so it wasn't initially considered reliable. The broker offered trading in currency pairs, stocks, indices, and commodities. The website had minimal information about trading conditions, lacked legal documents, and eventually became inaccessible. In 2022, the Commodity Futures Trading Regulatory Agency (BAPPEBTI), along with the Ministry of Trade of Indonesia, conducted an investigation and blocked 1222 websites. Among them was Global Premier, identified as a broker operating without the legal right to provide financial services.
Most of the negative reviews from Global Premier's clients were complaints about fund withdrawal refusals. Traders also complained about the poor performance of the trading platform. When comparing the MetaTrader 4 provided by the company with the same platform at other brokers, significant differences were identified. For this reason, many believe that Global Premier provided a fake MT4 platform.

User Satisfaction i

10 comments
Total score:
2.8 /10

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Tanveers
8 weeks ago

Never engage with brokerage companies lacking licenses if you don't want to invite trouble. I worked with Global Premier for three months, and all I earned was a headache because I spent a lot of time and effort trying to withdraw my funds. The most frustrating part? It was all in vain! Company representatives first came up with various reasons to withhold the funds, and then they began outright ignoring me. I occasionally messaged their support, only to find out that their website was no longer accessible.

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balunakuta
14 weeks ago

I worked with Global Premier for almost half a year, and there were no issues until I deposited a significant sum for Forex trading. Trading was going well, but an unforeseen situation arose, and I urgently needed the funds. I submitted a withdrawal request, but five days passed, and the funds never arrived. Previously, small profits were withdrawn without any problems. I contacted their technical support, and they promised to promptly resolve the issue. I waited for a couple more days, but I didn't receive the money. I started sending emails one after another, but no one replied. So, I'm convinced that Global Premier is a scammer and its operators are thieves.

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pasan123
20 weeks ago

I worked with Global Premier for over a year, although initially, the high fees didn't suit me. I liked the professional technical support that responded quickly and helped with any questions. For me, as a novice trader, this was important. However, over time, the situation started deteriorating, and the broker descended into deception. I noticed that some trades were being closed, although the margin was at the necessary level. I didn't see the point in continuing to trade with such interference from the broker. I decided to leave, but Global Premier refused to withdraw funds and closed my account for a serious violation of its rules. What violations? They didn't say, but I'm certain I didn't violate anything.

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einsteinmech
23 weeks ago

From the start, I had suspicions about Global Premier because it aggressively pushed me to open an account with them. I wasn't convinced of the company's reliability because it lacked a license and was registered offshore. The manager insisted they were in the process of obtaining a license and would soon receive it. But that wasn't the main problem. Promises were one thing, reality was another — the spreads were simply unreal! I decided to withdraw my money as I didn't want to work with those who deceive. I managed to withdraw a small portion, but I had some promising orders open. After their closure, I tried again to withdraw funds, but my account was blocked, and nothing was withdrawn.

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rickmery
28 weeks ago

Before opening an account with global premier, I decided to read reviews from other traders about it. At that time, there were few, and they contradicted each other. Some wrote that the conditions were great, and money was withdrawn without issues, while others complained about high fees and withdrawal problems. I decided to take a risk with a small amount to check things out. I deposited $50 and traded for a couple of weeks to test the broker's conditions. The platform worked fine, with a few glitches, but I encountered some bigger issues. Spreads, especially for popular pairs, were extremely high, reaching absurd values. I decided to withdraw money but couldn't do so because the website closed down.

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fajar
33 weeks ago

Global Premier's technical support is poor — waiting for hours, and getting a clear answer to simple questions is very difficult. The website lacks necessary information on trading conditions, and support operators provide conflicting information. How can one work when it's unclear what's allowed and what's not? I traded using scalping, which led to my account being closed, and money not being withdrawn due to rule violations. There was no information on the website prohibiting scalping, so I consider Global Premier's actions fraudulent.

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lmudith
37 weeks ago

From the very beginning of working with Global Premier, I only saw negatives and no positives. The fees are high, the platform operates inconsistently, and it takes a long time to get a response from support, plus not always receiving the necessary information in full. When I decided to withdraw my money, the request was canceled. I couldn't find out the reason because support didn't respond to me. I lost a small amount, but it doesn't change the fact that Global Premier is a fraudulent company that robs its clients.

Contacts

Registration address Beachmont Business Centre, Suite 88 PO BOX 1510, Beachmont Kingstown, Saint Vincent and Grenadines
Disclaimer:

Your capital is at risk.  Your capital is at risk.  79.43% of retail investor accounts lose money when trading CFDs with this provider. Global Premier and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Why has Global Premier been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against Global Premier by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Global Premier is down, not updated or operates with clear errors and some features are not available;
• Global Premier has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if Global Premier got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why Global Premier got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from Global Premier?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if Global Premier is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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