Glad2Trade: detailed review of scams and customer reviews
Glad2Trade is a European CFD broker that is a highly controversial subject for investment. According to their statements, the company monitors market trends and actively expands the range of offered assets. Clients are provided with the opportunity to engage in algorithmic trading using their own robot developments. However, recently there has been a significant amount of negative reviews online regarding the effectiveness of these robots. To further investigate the reasons for such negativity, it is proposed to review the broker’s activities, study their website glad2trade.io, and examine the feedback from existing clients. After analysis, a conclusion can be drawn on the advisability of collaborating with this company.
Main Company Information
Accurate registration data of the CFD broker and its owner are not available on the website. Information on the presence of licenses is also not provided. The only mention of a geographical location is associated with the Estonian city of Tallinn, where the company’s office is presumed to be located.
The website lists a contact phone number belonging to the Russian Federation code, despite the presumed Estonian ownership. The glad2trade.io site is available in multiple languages, but only a Russian number is provided for contact.
According to a third-party source, the domain glad2trade.io was registered in May 2019. Thus, the company has been operating for less than a year and does not have a license. Additionally, there is no user agreement on the website, leaving clients without information on the terms of cooperation and exposing them to risks when registering on the platform.
Trading Conditions Overview
To register a client, a physical person, a bank account, and a linked bank card are required. There are 5 types of trading accounts with different conditions regarding the initial deposit, leverage, and the number of trading signals provided. Access to the trading environment is through the MetaTrader 4 platform.
To start trading, it is necessary to top up the balance, but information on commissions for financial transactions is not available on the website. There is also no information on available withdrawal methods, although account verification with document scans is required for withdrawals.
Additional Features
Clients have access to various contests and loyalty programs, but there are no reports on the conduct of these events on the website. The broker offers various bonuses for deposits and participation in promotions, but details about these programs are only available to registered clients.
The affiliate program is described in English on the Russian-language website, which may raise doubts about its originality.
Client Reviews
Reviews about Glad2Trade found on various trading forums contain warnings about possible fraudulent actions by the company. Clients complain about poor trading conditions, non-functioning stop-loss orders, refusal to withdraw funds, and issues with technical support.
Some clients describe situations where they were deceived and left without funds. The company’s operating scheme represents a classic scam, where clients are lured in with promises of quick profits but ultimately lose their investments.
Review Summary
Glad2Trade raises serious doubts about its reliability. The company has been operating for less than a year, lacks a license, and offers questionable trading conditions. The client reviews listed above indicate the extent of the problems associated with the activities of this broker. Extreme caution should be exercised when considering collaboration with this company.
Author: Sasha Chaika
Glad2Trade has comprehensive and in-depth analysis of transactions but has been linked to some scams and mixed customer reviews in the past.
Glad2Trade offers an array of trading options but there are mixed reviews about its customer service and concerns about potential scams.