Despite Glamourfxtrade claims being a legitimate U.S.-based cryptocurrency broker, it functions without any regulatory supervision, which gives rise to doubts about its dependability and credibility. In this Glamourfxtrade review know why we added this broker to our scam broker list.
To safeguard your investments, it is advisable to investigate choices and engage in comprehensive research before engaging in any dealings with Glamourfxtrade. It’s crucial to exercise due diligence and make well-informed choices to secure your valuable assets.
Website – https://glamourfxtrade.com/
Address – 2202 North West Shore Boulevard, Suite 500 Tampa, Florida, U.S. 33607
Warning – Financial Services Commission (British Virgin Islands)
Regulation – Unregulated, Blacklisted, Scam
Domain Age –
|Date Registered||November 19, 2022|
|Domain Age||10 months, 23 days, 17 hours, 40 minutes, 50 seconds|
Is Glamourfxtrade legit or a scam?
It has become clear that Glamourfxtrade is not only operating without regulation in the United States, despite its claims but also lacks regulation in any other jurisdiction globally.
Moreover, the Financial Services Commission (FSC) of the British Virgin Islands has sounded an alarm, classifying Glamourfxtrade as an unregistered entity with the potential for engaging in deceptive activities.
In summary, engaging in any business with Glamourfxtrade entails a considerable risk that is simply not justifiable.
Glamourfxtrade Review: Trading Platform
Despite its assertions, the web-based trading software offered by Glamourfxtrade is essentially a rudimentary charting platform. Unfortunately, it falls short in terms of functionality needed for genuine trading, rendering users unable to encounter actual profits or losses.
Thankfully, the market abounds with trustworthy brokers who not only provide the esteemed MetaTrader platforms but also prioritize the safety and security of their clients.
Deposit and Withdrawal Methods
Glamourfxtrade offers a budget-friendly minimum trading amount, commencing at a mere $24. The exclusive mode of payment accepted by Glamourfxtrade is through cryptocurrencies, including Bitcoin, Solana, Litecoin, and USDT. As per the information provided on their website, Glamourfxtrade’s platform is solely dedicated to cryptocurrency trading.
Yet again, in our inquiry, no information pertaining to Glamourfxtrade’s withdrawal fees and conditions surfaced. The only detail available is their assertion that withdrawals are promptly processed.
Glamourfxtrade Review: Trading Conditions
Glamourfxtrade refrains from explicitly specifying the exact spread values they offer. In line with their non-disclosure policy concerning spread values, Glamourfxtrade also maintains silence on the particulars of the leverage they provide.
Customer Reviews and Complaints
The overwhelming majority of reviews submitted are highly critical, with the lowest rating being the most frequently assigned to Glamourfxtrade. Customers have openly voiced an array of issues they’ve encountered, indicating a notable deficiency in how Glamourfxtrade treats its users. The primary concerns raised by clients revolve around difficulties with withdrawals and Glamourfxtrade persistent requests for additional deposits.
How does the Glamourfxtrade scam work?
One of the most common online trading scams often commences by showcasing profitable trades, creating a misleading sense of confidence among investors and tempting them with the promise of ‘easy money.’ Once this false sense of security is established, investors are encouraged to increase their investments in pursuit of even higher returns. Additionally, various incentives may be offered to entice investors to invite their friends and family onto the platform.
Once the brokerage believes it has drained the maximum funds from an investor and their network, it may choose to suspend the account, effectively denying access to the invested capital.
Furthermore, many fraudulent firms may falsely assert that they operate within a regulated jurisdiction, displaying counterfeit regulatory licenses and addresses on their websites to bolster their credibility in the eyes of unsuspecting investors.
Glamourfxtrade Review: Conclusion
If you’ve been targeted by a Glamourfxtrade scam or any other deceptive scheme, it’s essential to take action. Begin the process by submitting a complaint against those responsible. You can initiate this by completing our online complaint form, which will enable you to schedule a free consultation with our experts who will provide guidance on the fund recovery process. Your financial security is our top priority, and we are here to support you every step of the way.
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