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:
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.
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Contacts
| Registration address | The broker does not provide an address for those who would like to visit the broker's physical offices. |
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.
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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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