Score

1.46 /10
Danger

Global Fxtrade

Marshall Islands

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

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Exposure

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Website

Score

Regulatory Index0.00

Business Index6.61

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Global Fxtrade · Company summary

General Information & Regulation

Global Fxtrade is an online broker owned and operated by Capital Letter GbmH, a company registered in Marshall Islands. Global Fxtrade is not subject to any regulation at this stage. Please be aware of the risk.

Market Instruments

At Global Fxtrade, traders can get access to a variety of trading assets, including forex currency pairs, crypto currencies, options, commodities, indices, and more.

Minimum Deposit

When it comes to minimum deposit, Global Fxtrade requires traders to deposit at least $250 to start trading. Although this initial deposit amount seems reasonable, this unregulated broker, Global Fxtrade, is the one that we should stay away from.

Leverage

Trading leverage information is not disclosed. Most unregulated brokers would offer generous leverage to attract new traders. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Trading Platform Available

In terms of trading platform available, Global Fxtrade doesnt make this clear. Most legit brokers would offer the widely recognized MT4 or MT5 trading platform.

Deposit & Withdrawal

Payment methods are missing on the Global Fxtrade official website, when it comes to this part. Many brokers would allow their client to use funding options like wire transfer, Visa, Mastercard, as well as some e-wallet like Skrill and Neteller.

Customer Service

The Global Fxtrade customer support team can be reached through teleohone, email (support@globalfxtrade.com), as well as Whatsapp (+442920091545).

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