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Score
United States
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Quantity 8
Exposure
Score
Regulatory Index0.00
Business Index6.73
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Danger
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Company Name
Glluck Limited
Company Abbreviation
Glluck Limited
Platform registered country and region
United States
Company website
Company summary
Pyramid scheme complaint
Expose
Unable to withdraw.
I was defrauded of $10375 by the broker, and I need to deposit a lot of money to withdraw.
This platform is obviously a scam. They tried every possible means to induce me to continue to deposit money. The most paradoxical thing is that withdrawals require approval. I want to apply for a withdrawal, they just find a completely unreasonable reason to refuse approval.
As glluck limited members are everywhere online I met one of them on a telegram group named by GLLUCK, she posted about the site on the group and I commented that am interested, and she messaged me privately telling me on how to earn on that site the thing is very interesting after I agreed we started the deal I sent her coins (xrp coins) and she gave me signals to use, before I will view it she just blocked me and just lost my xrp coins (ripple)
The customer service told me as follow.
The current balance of my account is US$15,750. They don't even approve my request to withdraw $10,000 from my account.
A girl named Jenny I met on a dating site introduced me to forex trading and gave me signals that made me a lot of money (If it was ever actually profit made or just made to look ot like it.) I deposited the money usdt and it was great and things were well, she was very intelligent and almost like perfect girl. So, all in all, it was a scam and my investment is gone. Anyone know how I can get my money back?
A beautiful blonde girl got in touch with me through a dating app and told me she made alot of money trading forex. Asked me to switch to watsapp. She said she uses GLLUCK limited as her broker. Trades on this app called MT4.She forged a relationship with me within some time of meeting me online.She love bomed me and ultimately after initial hesitation I agreed to try investing. Initially for over a month I saw profits following her *signals* then one day lost my entire investment.Later she asked me to invest a little bit and said the lost funds can be recovered. Ultimately when these funds too were lost following one of her signals, my account balance on MT4 went negative.Days later I received a mail from GLLUCK advising me to pay the negative balance of over 500 USD or they can take action. see the mail below.Should I bother paying this money at all ?
Note: Glluck Limited's official website: https://www.glluckfx.com/ is currently inaccessible normally.
Glluck Limited Review Summary | |
Founded | 2022 |
Registered Country/Region | United States |
Regulation | No regulation |
Products & Services | / |
Demo Account | ✅ |
Spread | Floating around 0.2 pips |
Leverage | Up to 1:500 |
Trading Platform | MT4 |
Min Deposit | / |
Customer Support | Email: support@glluckfx.com |
Glluck Limited was said to be first registered in 2022 and with its domain updated in 2024. However, the domain is invalid currently, leading to an dysfunctional website that we can only get the minimum information about this broker from the Internet.
From the demo account provided by the broker, tester found that spreads is floating around 0.2 pips and the broker did not charge trading commissions. Furthermore, leverage is up to 1:500 and the broker surprisingly offers the MetaTrader4 platform to execute trades.
However, due to the inaccessible website, we are not sure about its operational status. What makes matters worse, 8 WikiFX exposures about scams and withdrawal issues, together with the broker's operation without valid regulation from authority bodies, indicating less compliance to industry standards and customer protection. You should stay as far away as you can from such a possible scam broker.
Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Glluck Limited, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.
Unavailable website: Glluck Limited's website cannot be opened currently, which indicates possibility of cease of operation.
Regulatory concerns: The broker operates with no valid regulation currently, meanig that it might not comply to financial rules and customer protection. This heightens trading risks with them.
Limited transparency on trading conditions: The broker does not disclose necessary info on its business scope and trading conditions, leaving traders confused about how to initiate investment activities with them.
Limited customer service methods: Glluck Limited can only be accessed via email, which will obviously bring questions about communication efficiency and delay in response.
Glluck Limited offers a demo account so investors can practice and get familiar with the company's trading conditions and offerings before committing real money. However, live account info are not publically disclosed.
It used to suggest traders to start from a minimum deposit of $100000 to open an account, which is a typical feature of frauds.
And from the demo account, the tester found that the spreads start from 0.2 pips and the broker offers free commission for transactions. This sounds competitive and attractive, but in view of other shady conditions, it's reasonable to believe this is just a false touting point.
Glluck Limited offers leverage up to 1:500, which allows investors to control a position of 500 times of their initial deposits.
However, you should be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well.
Surprisingly, Glluck Limited offers a fully functioning MetaTrader4 platform, which is a leading software within the industry. You can access the charting tools, analysis resources through the platform, which we believe is the only spotlight of the broker.
Glluck Limited claims to accept sevel payment methods: bank cards, wire transfers, and cryptocurrencies. But when the tester tried to deposit, there was only the option of wire transfers actually.
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