Broker-flipper Globalline: review of the order auction scam, reviews
Review of the fake broker Globalline
The organization Globalline is not a usual forex broker. They offer trading based on an auction on the Puntioneer platform and buy deals from other brokers. Former clients warn that this is a scam and recommend avoiding this company. Let’s delve into how exactly the project globalline.net operates. We will provide you with our assessment and draw our conclusions.
Main Information about Globalline
The company claims to have been successfully operating in the market since 2000 and has partnerships with over 700 brokers. However, website traffic statistics tell a different story: until the summer of 2019, no one knew about the project as there were no reviews for the preceding period.
Our research revealed that Globalline has a clone site called 1ext, which has numerous negative reviews. In our opinion, Globalline is just a rebranding, a new scheme from experienced scammers looking to attract new clients.
The website indicates the company’s main office address: 1 Bridgeway Century City, Cape Town 7441, South Africa. They also claim to have representations in various countries, but the contact numbers do not answer. Reviews indicate futile attempts to reach support@globalline.net, as the support either ignores or replies with standard phrases.
Regulation and Licenses Review of Globalline
The company does not provide specific licensing information on its website, only mentioning permission to operate in 15 countries. However, there are no supporting documents. Instead of licenses, Globalline offers meaningless registration documents that do not mention licenses.
In Russia, Globalline operates illegally without permission from the Central Bank of the Russian Federation. This is a typical practice for fraudsters who ignore laws and traders’ interests. Reviews indicate financial losses and the company’s irresponsible approach.
Registration on the globalline.net Website
We do not recommend registering on the Globalline website as it may lead to financial losses. User data is at risk, and clients complain about the company’s intrusion and unreliability.
The registration process is simple: fill out an electronic form, providing your name, promo code, email address, phone number, and password. Additionally, please pay attention to the warning in the user agreement about the company owner and its connections with other projects.
Types of Accounts at Globalline
Globalline does not provide demo accounts and requires immediate deposits. Basic accounts have different conditions and require initial deposits ranging from $500 to $50,000. Familiarize yourself with the available account types to choose the most suitable option.
Deposits and Withdrawals on globalline.net
The company offers various methods for depositing and withdrawing funds, including bank transfers, payment systems, bank cards, and cryptocurrency. Despite the convenience of deposits, reviews indicate difficulties with fund withdrawals and the company ignoring client requests.
Reviews of Globalline
Client reviews express negativity about financial losses, requests being ignored, and deception by fraudsters. We recommend carefully reviewing the reviews before deciding to collaborate with Globalline.
Essence of the Globalline Scam Scheme
The broker’s website features open trades promising high returns. However, this is just part of the fraudulent scheme, with clients only losing their funds. Reviews from previous traders confirm deception by the company.
Overall, my experience with broker-flipper Globalline was negative as I fell victim to their order auction scam. The reviews I read after the fact confirmed that I was not the only one who had been scammed by this company. I would caution others to be wary of doing business with Globalline and to thoroughly research any company before engaging in transactions with them.