Global Markets LTD: investor reviews and trading features. Is it worth investing?
Global Markets LTD: Camouflage and Reality
The group of authors behind the Global Markets LTD project clearly suffers from a megalomania. For unclear reasons, they strive to present their brokerage company as one of the market leaders and discuss impeccable reputation. However, just by looking at the reviews of former clients, it becomes clear that all claims of honesty, reliability, and excellent payout discipline do not correspond to reality. We will examine this in more detail in our comprehensive review, including verification of legal documents, terms of cooperation, and feedback.
Evaluation of the Global Markets LTD Website
The company Global Markets LTD has a website of average quality, presented only in English and Polish. However, according to online reviews, this company actively interacts with traders from Russia. There is almost no information about the company itself and its history. The website does not indicate the launch date of the project, names of executives. The platform does not provide a roadmap and development strategy. Instead, we only see advertising slogans and empty promises.
A domain history check showed that the site started operating in July 2021. Reviews appeared just a few months ago, indicating the novelty of the site, which is trying to present itself as a respected financial partner. Specialized services evaluate global-groupmarkets.com at only 1 ruble! Obviously, scammers quickly put together their website on a shoestring budget.
Legality Question
At first glance, the company seems to have legal documents in order, with a full set presented on the website (in English). However, upon translating the terms, it becomes clear that they are unfair. For example, the bonus wagering requirements are unreasonably stringent. The broker sets an astronomical trading volume at which the bonus payout becomes possible. Investors either lose their deposit or cannot meet the requirements.
However, the strongest argument against Global Markets LTD is the use of others’ legal data. The website states that the broker is registered in the UK under number 01763297. Checking this information in the Companies House registry, we found that such a certificate does exist, but it belongs to an organization named Citigroup GlobalMarkets Limited (in 1983).
Swindlers used similar names to confuse potential victims. This is confirmed by checking the registry of the British regulator FCA. Citigroup Global Markets Limited has a license for brokerage activities and operates legally. The regulator’s website has a link to the financial intermediary’s website.
In terms of operating in the Russian Federation, the company has already attracted the attention of the country’s main regulator – the Central Bank. Since December 2021, the Bank of Russia has the right to bankrupt fraudulent companies even out of court, leading to more frequent updates to the blacklist. According to data, Global Markets Limited also shows signs of hidden activity.
Trading Opportunities
According to reviews from former clients, Global Markets Limited’s guarantees turned out to be insignificant. For example, the pseudo-broker boasts expert support, but in reality, it is needed to deceive newcomers into making significant investments. Promised free training should also not be expected, as there is not even a knowledge base section on the website.
Detailed trading conditions characteristics on the platform were not found. The fake intermediary does not disclose information about spreads, leverage, margin requirements, presence of swaps, and other data of interest to traders.
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- Entry threshold – 250 euros,
- Over 300 instruments available,
- Personal manager services,
- Micro lot trading,
- Insured deals (from 3 to 15 depending on the type of contract),
- Some tariff plans include financing (an additional way to lure investors into a debt trap), bonuses up to 70%, fake account insurance.
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Client Reviews
Although the experience with the pseudo-broker is limited, there are already trader reviews online who have collaborated with them and suffered losses. In their comments, they warn against dealing with Global Markets Limited.
Fraud Methods
Scammers target newcomers who believe in their promises of free training, expert support, and generous welcome bonuses. Beginner traders find it hard to imagine dealing with such a scheme, ready to promise anything to lure them into their network.
When it comes to wagering the imposed rewards, investors are at risk. The scammers have a manipulable trading terminal that easily traps users in a financial pit from which it is almost impossible to escape. And the more attempts to make turnovers, the more the client will lose.
According to reviews, even if you try to leave everything as it is and withdraw the remaining balance, financial scammers will not allow this. They will present fictitious fees and taxes, then block access to the personal account and stop responding to requests.
Final Summary
Do not expect honesty from Global Markets Limited. The main goal of these financial scammers is to collect as much money as possible in the shortest possible time. They understand that a scam project will inevitably face a stream of negative reviews that will break it apart. They will take all possible measures to fill their pockets at someone else’s expense before that happens. Be cautious!