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Global Investing (global-investing.org) is without a doubt a %100 fraudulent brokerage firm. It is NOT a real broker! Stay away! GlobalInvesting scam works by getting you to believe you can become rich by trading with them.
Global Investing Review
Online trading was already a big trend, but it turned into a massive one when the COVID-19 pandemic hit and the popularity of cryptocurrencies reached their peak. Millions of people all around the globe have now joined the trading bandwagon, which means that demand for brokers is at an all-time high.
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There is also a lot of supply as you can find thousands of them touting their services, but it has also drawn the wrong kind of attention. Not every brokerage is on the up and up, with scams happening left and right, and this Global Investing review shows just how they hide in plain sight.
This is one of the biggest downsides of online trading. People know that scam brokers exist, but since they conceal their true nature, not everyone is able to steer clear of them. But, this does not mean that it is not possible for you to do so.
You can certainly avoid these fraudulent platforms, but you need to be diligent in order to do so. This means that you have to be skeptical of everything you are told until you have verified it yourself. After all, a scam is going to do its level best to convince you that it has your best interests at heart.
A fraudulent platform can try to imitate legitimate companies, but it cannot actually become one, which means they will always have signs that will give away the truth. You just need to be prepared to look for them in order to make the best decision for your trading journey.
Using this strategy with Global Investing works wonders because it helps you see exactly what this particular brokerage is about. At first glance, you may consider it the real deal because it claims to be licensed and authorized in the US and touts a horde of trading instruments, along with the MT5 trading platform and excellent trading conditions.
However, when you start verifying all the claims that Global Investing has made, its story falls apart and you can see the warning signs. You can find more details as follows.
Licensing and regulation
When you want to steer clear of a scam, the best approach is to steer clear of all unlicensed and unregulated brokerages altogether. No fraudulent platform will ever get a license because they will not be able to meet the criteria outlined for this purpose.
Their goal is to exploit people, which means they cannot comply with any laws, or offer any protections to their clients because it would work against their own interests. Since people had come to realize this, scammers decided to use a different approach.
Rather than presenting themselves as unlicensed brokers, they now make false claims of regulation and licensing and many people make the mistake of not verifying this information. You need to avoid doing so in the case of Global Investing that claims to be licensed and authorized in the United States.
It is one of the world’s most regulated regions and brokers have to have a license from the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA) to operate from there.
But, despite having an address that puts it in the US, you will find that Global Investing does not turn up in the search results of the online registers of the CFTC, or the NFA. This means that its claim of authorization and licensing in the country are false. A legitimate broker is definitely not going to lie to its clients for misleading them, but a scam certainly will.
You have already established that Global Investing is lying about its regulation and licensing, which means you should already be warned about its intentions. If you still want to give it the benefit of the doubt, you can find more reasons to steer clear of it.
The next one is regarding its trading platform, which Global Investing claims is the MT5. Even novices would know that this is the best trading platform in the market and comes equipped with top-notch trading tools and powerful technology for instant trade execution.
But, when you try to access the MT5 trading platform on the Global Investing website, you will not find it anywhere. There is no demo account either for you to test the platform. In lieu of a trading platform, you are taken to a dashboard that is only designed to create an illusion of a platform and not much else.
It shows you the prices of a bunch of trading instruments and has the option of making a deposit. But, there is no option of making a trade, which means it is not a functional trading platform.
If you cannot trade, it does not make sense for you to make an account with Global Investing, but it asks you to do so because it is after your money.
Going over the trading conditions of the online broker you are looking at is also recommended because it shows just how much costs you will incur and the flexibility you are given during the trading process. All you will find about spreads on the Global Investing website is that they are very tight. It does not shed any light on these so-called tight spreads and it does not really matter after you have found that there is no trading platform.
As there is no platform, it means there cannot be any trading, so the spreads would be utterly useless. However, the lack of transparency at Global Investing is certainly telling because legitimate brokerage would always be upfront about their spreads.
Next, you will find that where leverage is concerned, Global Investing appears to be very generous, as the ratios go as high as 1:300. But, this is also a warning because leverage can be quite dangerous and no genuine company would ever give you such ratios because they are usually restricted in various countries.
The Final Verdict
These are some solid reasons for you to steer clear of Global Investing when you are searching for an online broker because it has all the characteristics of a scam.