Global Markets Association: reviews on trading opportunities, broker evaluation

• Categories: Forex

Dangers of collaborating with Global Markets Association

Partnership with offshore brokers poses a threat, as warned by the Central Bank of the Russian Federation. According to clients, investors are losing funds due to the company’s dishonest actions. Today, we will examine the identity of Global Markets Association. This shadow financial institution uses an individual approach and aims to deceive inexperienced traders. The initial reviews of the organization have already emerged, and they are mostly negative in nature.

Facts about Global Markets Association

It is stated on gm-associations.net that the company is governed by the offshore structure BI Level World LTD, registered in the Marshall Islands. The legal address is indicated as follows: The Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands. Many financial scammers use these manipulative coordinates. Furthermore, the absence of an official website for BI Level World LTD and the lack of information about this company online are equally important. It is a virtual organization. Questions about who stands behind it, whether it has an office and legal justification for its operation, remain unanswered.

Reviews about Global Markets Association in the Russian-speaking segment are limited. This is due to the fact that the company started operating just a couple of weeks ago, on July 14, 2021. Moreover, the website is only available in English. Russian-speaking clients need to either have a good command of English or use online translators.

Currently, Global Markets Association is not targeting Russian residents, but the situation could change at any moment. There is a possibility that scammers will seize this opportunity. As of now, the company does not have a license from the Central Bank of the Russian Federation, signifying a significant risk for Russian traders already cooperating with it. Expecting any security guarantees and fund withdrawals would be futile, as the Central Bank of the Russian Federation lacks the ability to regulate the company’s activities.

Collaboration terms on gm-associations.com

Global Markets Association offers trading in basic Forex currencies, stocks, and indices. Information about trading accounts is absent, and the descriptions only contain general phrases.

Specifications of contracts, leverage information, and spreads are missing. According to reviews, the company prefers an individualized approach. Experience entails the opening of a demo account to build a client’s psychological profile and determine the investment amount.

The company also offers an affiliate program to earn income but does not disclose payment terms. The only available payment methods are Visa and Mastercard. Considering the company’s negative reputation, withdrawing profits might be problematic. However, using a bank card to deposit funds enables the option of chargebacks in case of fund loss.

Company reviews

Since Global Markets Association has been operating for less than two weeks, the few reviews are not surprising. Scammers exploit this fact to deceive more people.

We recommend reviewing existing feedback about the company. Additionally, if you have experience working with Global Markets Association and wish to share information, we invite you to leave your review.

Deception scheme in Global Markets Association

Global Markets Association does not impose strict conditions on clients. Each newcomer is assisted by a personal manager who helps in executing successful trades.

Only the MT4 platform is offered for trading in various versions (browser-based, desktop, mobile). It should be noted that MT4 has received negative reviews due to manipulations with quotes, charts, etc.

The situation with Global Markets Association could be similar. Through special software, scammers simulate profitable trading and continue attracting new investments. Clients may not even realize that their trades are not being transferred to the real market but remain in offshore accounts.

Independent review conclusions

In conclusion, one cannot ignore the risks associated with Global Markets Association. This is a new player in the market that has just commenced operations and has not yet obtained a brokerage license. By placing your funds in this company, you risk losing them without the possibility of recovery. Trusting this dubious broker can lead to negative consequences.