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Score

1.22 /10

Danger

GlobalFxExpert

Item: GlobalFxExpert
Rating: 1.22

United Kingdom

1-2 years

Suspicious Regulatory License

High potential risk

https://www.globalfxexpert.com

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Comparison

Quantity 6

Exposure

Time Machine

Website

Score

Regulatory Index0.00

Business Index4.79

Risk Management Index0.00

Software Index4.00

License Index0.00

Follow

Time Machine

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

open now

Regulatory disclosure

Danger

SC FSA

2023-10-31

Alert: Unauthorized use of websites (the “unlawful website”)

GlobalFxExpert

Broker Information

More

Company Name

GlobalFxExpert

Company Abbreviation

GlobalFxExpert

Platform registered country and region

United Kingdom

Company website

https://www.globalfxexpert.com

Company summary

Pyramid scheme complaint

Expose

GlobalFxExpert · Company summary

GlobalFxExpert Review Summary
Founded	2023
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Cryptos, forex, shares, equities, commodities, futures, ETFs, and CFDs
Demo Account	✅
Leverage	Up to 1:500
Spread	/
Trading Platform	/
Min Deposit	$100
Customer Support	24/7 live chat, contact info
	Phone: +6283139085789
	Email: support@gloabalfxexpert.com
	Address: 43617 Marguerite St, California, MD 20619 USA

GlobalFxExpert is based in the United Kingdom, offering all kinds of trading products. It provides four live accounts and demo accounts with the minimum deposit of $100. It also accepts flexible leverage ratios for their traders. However, it has no regulations currently.

Pros and Cons

Pros	Cons
Various tradable products	Unregulated
Flexible leverage ratios	Commissions charged
24/7 customer service

Is GlobalFxExpert Legit?

Though it is currently in the OK status, GlobalFxExpert is not regulated by any institutions.

What Can I Trade on GlobalFxExpert?

GlobalFxExpert offers trading on cryptos, forex, shares, equities, commodities, futures, ETFs, and CFDs.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Equities	✔
Futures	✔
Shares	✔
ETFs	✔
CFDs	✔
Cryptocurrencies	❌

Account Type

GlobalFxExpert offers four types of investment plans: the Starter, Executive, Premium and VIP plans with the minimum deposit of $100, $5,000, $20,000 and $50,000 respecctively. Whats more, demo accounts are also available.

Leverage

GlobalFxExpert offers the following leverage on various financial instruments:

Cryptocurrencies: 1:10

Forex: 1:500

Shares: 1:10 - 1:30

Indices: 1:200

ETFs: 1:10

GlobalFxExpert Fees

Apart from varing leverage, GlobalFxExpert also offers different commissions for these products:

Asset Class	Commission
Cryptocurrencies	❌
Forex	$2.5 per $100k traded
Shares	$0.01 per lot
Indices	❌
ETFs	$0.01 per lot

Deposit and Withdrawal

GlobalFxExpert accepts bank cards or e-wallets for withdrawal. It claims it offers 20 deposit methods, but they are clarified by the official website.

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Warning: Low score, please stay away! 2

Previous Detection : 2024-11-09

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

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

6 pieces of exposure in total

Pyramid scheme complaint

Expose

Resolved

The website is operated by fund managers. Only when they see an increase in the amount of a certain category, they will ask you to deposit for signal. If you don't deposit, you won't be able to withdraw funds, and they will continue to ask you to pay signal fees. Be cautious.

Illegal website

2024-08-18 14:25

Others

This website has a new webpage.

Here is a warning article about your previous scam experience: Beware of Scams: My Personal Experience and New Fraudulent Websites Hello everyone, I would like to take this opportunity to share my previous scam experience and remind everyone to be cautious of similar scams. Not long ago, I encountered someone who claimed to be an account manager. He claimed that he could help me make profits in trading and guided me in making investments. At first, everything seemed legitimate. They provided detailed procedures and even had a customer service manager to follow up. However, after I transferred the money as they requested, the account manager disappeared, and the customer service manager used the same tactics to deceive me. This series of scams caused me a loss of ¥170. Helpless, I had no choice but to report to the police, providing them with the relevant transfer information and details of the fraud. Recently, I discovered that they have changed to a new website and continue to engage in similar fraudulent activities. In order to prevent more people from being deceived, I would like to remind everyone to be vigilant and not to trust investment platforms or individuals that promise high returns. If you encounter a similar situation, please do not hesitate to immediately stop contact with them and report to the relevant authorities to avoid further losses. I hope everyone can stay away from scams, remain vigilant, and protect their financial security. This article serves as a reminder of the risks of scams and provides some lessons from your experience. If you need to modify or add more details, please let me know.

2024-09-06 20:16

Others

Scam Reappears: Deception by someone claiming to be the CEO

I previously exposed an issue where I couldn't withdraw funds and was deceived into transferring over $30,000. After receiving the money, the person disappeared. On September 6th, using the same website globalfxExpert, someone claiming to be the CEO told me that if I wanted to retrieve my profits, I would need to pay an additional $10,000. I won't be fooled again.

2024-09-07 03:17

Scam

Change new URL scam Pay account activation fee

Yesterday, they suddenly contacted me again. They said that the website was under maintenance, so I couldn't withdraw money. Now it has been improved, and I need to pay $20 to activate the account. After that, I can log in and withdraw money. I was still deceived.

2024-09-13 19:51

Resolved

Refusing to withdraw with the reason of buying signal

I hope to get back the money I invested. There is uncertainty on this website. I am unable to trade on my own.

2024-08-15 12:06

Resolved

Be careful with this website, it is malicious and fraudulent, charging 10% for signal fee withdrawal.

Beware of Forex Trading Scams: Traps from Douyin to WhatsApp On August 12, 2024, I experienced a forex trading scam that started with a short video on Douyin. The person in the video claimed to be a forex trading expert and promised to help me make quick profits. Intrigued, I contacted the person and was quickly directed to continue the conversation on WhatsApp. On WhatsApp, he introduced a so-called "professional manager" and convinced me to transfer funds to their designated address, promising that the manager would handle the operations. After two days of trading, my account showed a profit of $2,800. When I requested a withdrawal, I was told that I needed to purchase additional "trading signals" in order to proceed with the withdrawal. At this point, I began to doubt the authenticity of the situation and decided to test the person. However, since I didn't have enough funds to purchase the so-called "signals," after multiple negotiations, my account was suspended. Subsequently, I contacted customer service and informed them that I had compiled all the information and was ready to submit it to law enforcement for investigation. After doing so, the person suddenly informed me that my account had been unlocked and allowed me to proceed with the withdrawal. When I logged back into my account, I found that the account balance had increased to $5,200. However, when I attempted to withdraw again, the person requested that I first pay a 10% platform fee, which amounted to $520, and guaranteed that once I made the payment, I could immediately withdraw the remaining balance. At this point, I became even more convinced that this was a carefully designed scam, with the sole purpose of continuously extracting my funds. This experience reminded me to remain vigilant when investing, especially when dealing with unfamiliar platforms and so-called "professional managers." Please be cautious and avoid becoming a victim of fraud. --- I hope this article can help you raise awareness among others.

2024-08-21 14:38

GlobalFxExpert · Company summary

GlobalFxExpert Review Summary
Founded	2023
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Cryptos, forex, shares, equities, commodities, futures, ETFs, and CFDs
Demo Account	✅
Leverage	Up to 1:500
Spread	/
Trading Platform	/
Min Deposit	$100
Customer Support	24/7 live chat, contact info
	Phone: +6283139085789
	Email: support@gloabalfxexpert.com
	Address: 43617 Marguerite St, California, MD 20619 USA

GlobalFxExpert is based in the United Kingdom, offering all kinds of trading products. It provides four live accounts and demo accounts with the minimum deposit of $100. It also accepts flexible leverage ratios for their traders. However, it has no regulations currently.

Pros and Cons

Pros	Cons
Various tradable products	Unregulated
Flexible leverage ratios	Commissions charged
24/7 customer service

Is GlobalFxExpert Legit?

Though it is currently in the OK status, GlobalFxExpert is not regulated by any institutions.

What Can I Trade on GlobalFxExpert?

GlobalFxExpert offers trading on cryptos, forex, shares, equities, commodities, futures, ETFs, and CFDs.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Equities	✔
Futures	✔
Shares	✔
ETFs	✔
CFDs	✔
Cryptocurrencies	❌

Account Type

GlobalFxExpert offers four types of investment plans: the Starter, Executive, Premium and VIP plans with the minimum deposit of $100, $5,000, $20,000 and $50,000 respecctively. Whats more, demo accounts are also available.

Leverage

GlobalFxExpert offers the following leverage on various financial instruments:

Cryptocurrencies: 1:10

Forex: 1:500

Shares: 1:10 - 1:30

Indices: 1:200

ETFs: 1:10

GlobalFxExpert Fees

Apart from varing leverage, GlobalFxExpert also offers different commissions for these products:

Asset Class	Commission
Cryptocurrencies	❌
Forex	$2.5 per $100k traded
Shares	$0.01 per lot
Indices	❌
ETFs	$0.01 per lot

Deposit and Withdrawal

GlobalFxExpert accepts bank cards or e-wallets for withdrawal. It claims it offers 20 deposit methods, but they are clarified by the official website.