Broker selection: difficulties and deceit
It is becoming increasingly difficult to find a reliable broker due to the abundance of offers, most of which turn out to be fraudulent “kitchens”. We will consider the activities of a newcomer in the market – PartnerGL, which offers a wide range of trading instruments and low commissions. It is important to understand how much this broker can be trusted and what opinions about it are common on the internet.
Information and contacts of PartnerGL
Visually, the PartnerGL company’s website seems simple and template. There are no contact phones on the site, only an email is offered. The company’s office is located in Australia, but checking the broker’s registration in Australia did not yield results. The “User Agreement” mentions the possibility of resolving disputes according to the legislation of the Republic of Vanuatu, which contradicts the claimed registration in Australia.
Licenses and accreditations of PartnerGL
The PartnerGL website lists licenses from various financial regulators, but upon verification, it turned out that all these licenses are fabricated. According to Whois data, the domain was registered in 2016 but was only updated in June 2021, which may indicate the purchase of the domain for fraudulent activities.
Trading conditions at PartnerGL
The broker offers three types of accounts, minimal commissions, over 200 trading instruments, and its own trading platform. There are no demo accounts and accounts for Islamic trading. The minimum amount to start trading is $1000, which is quite high. The deposit insurance service is only offered when depositing $50,000.
Reviews about PartnerGL
It is almost impossible to find real reviews and mentions of the PartnerGL company. Search engines have no information about the broker, claimed users remain silent. There are no reviews of the company, which raises doubts about the honesty and reliability of the broker.
Investment risks in PartnerGL
The PartnerGL company is likely a fraudulent structure without licenses and registration. Be vigilant and beware of cooperating with this organization so as not to lose your funds.
