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Globe Trade Services Review 2025

Globe Trade Services Review 2025

Updated:
Updated: January 06, 2025

Summary of Globe Trade Services Trading Company

Firstly, the services of "global trade brokers" should be avoided due to the absence of regulation. Trustworthy brokers adhere to stringent standards imposed by a top-tier financial authority. According to customer feedback, this particular broker is reputed for enticing users with appealing bonuses, encouraging them to initiate their initial deposits. In their Telegram group, comprising more than 50 members, the broker is suspected of fabricating deposits and withdrawals, with participants allegedly engaging in a fraudulent scheme. Those within the group share proof of deposits and successful trades to motivate prospective members to register and deposit funds.
This brokerage tempts victims with incredible daily returns, and the traders run into problems when they try to withdraw money. The technical support team regularly gives explanations for rejecting withdrawal requests or advising traders to continue trading, and withdrawals are consistently delayed.

User Satisfaction i

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Lingson
1 year ago

I am having a bad experience with Globe Trade Services. I started trading with a $4000 credit card investment, which lasted for about a month. I was able to earn $557 during this time, leaving me with a current account balance of $4557.

To pay my credit card bill, I started a withdrawal request three days ahead of time. To my dismay, they provided an unjustifiable reason for denying my withdrawal. They purportedly stated that I had been scalping for the previous month and had made $4700 from this activity, so they rejected my request for a withdrawal. Even after long talks, they took the full balance of $4557 out of their account. Now, my account stands at 0.00 without any active trades.

This experience has left me utterly disappointed, as I now face the challenge of settling my credit card bill. My bank is actively pursuing this matter, adding to the financial strain. It is disheartening to realize that their actions are solely driven by a desire for money, without consideration for the human impact. My life has been severely affected, and I implore anyone capable of taking action to intervene and facilitate the refund of my hard-earned money. I have all the proof I need to back up my claims.

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rehanali
1 year ago

Exercise extreme caution with this platform; placing trust in it is ill-advised. The platform's modus operandi involves incessantly urging users to augment their deposits, yet withdrawal requests are met with persistent refusal. Allegedly, the management of user accounts is overseen by individuals affiliated with the company, adding an element of distrust to the situation. It is strongly recommended not to place any trust in this platform.

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expertspk
1 year ago

The broker was quick to respond to my messages before my deposit, even offering to check in again when I informed them that I would be depositing in a week. I started trading after making my deposit, and I was able to make a small profit, but when I tried to request a withdrawal, everything went wrong. The once-responsive customer unit stopped replying to my message after they realized I was asking why my withdrawal request was not being processed. Before signing up with the brokerage, I wish I had read user reviews.

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vova
1 year ago

Beware! These individuals are con artists who have absconded with my money. Opting for them as a trading choice has proven to be the worst decision. Everything seemed fine until I attempted a withdrawal, only to face rejection. Astonishingly, they claimed my account balance was zero, with no funds available for withdrawal. This assertion contradicted the profits I had recently accrued; how could my balance be reduced to zero? Upon further investigation, it became evident that they had manipulated my account, deducting all the money.

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rahul233
1 year ago

Avoid engaging with this company at all costs. I've suffered losses exceeding £2200, encountering numerous issues, including a breach of contract by one of their traders operating on my account. My interaction with the management team has been the most unpleasant experience of my life. Despite weeks of reaching out with messages, I have been consistently ignored, and promises of a refund were reneged upon after I expressed dissatisfaction. My disapproval of their actions, which sounded like those of a scam company, was the only reason for their change in position. I am steadfast in my resolve to never allow anyone to take over my capital in this manner again.

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ancientangels808
1 year ago

Be wary of engaging with these scammers! Attempts to reach them via email are met with silence, and their phone numbers on the internet are not operational. They will not offer any services—they will just take your money. They owe me money, and they have not replied during the three months that I have been in touch with them. Everything about it is frustrating, and there is no way to contact anyone for assistance. Avoid giving them any money at all costs!

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romeocool
1 year ago

I've been deceived! They tampered with my trading accounts and inflated my trading fees. When I attempted to withdraw the remaining funds in my account, they denied the request, citing supposed errors in my account, and subsequently ceased all communication. Has anyone else encountered a similar situation? What course of action should I take? Your assistance is greatly needed!

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.

FAQs

Why has Globe Trade Services been placed on the Forex Broker Blacklist?

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

What should I do if Globe Trade Services got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why Globe Trade Services 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 Globe Trade Services?

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 Globe Trade Services 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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