GlobTFX Review – Is GlobTFX a Scam Broker?
- Website: https://h5.gtfxx.com/
- Website Availability: No
- Address: NA
- Warning: Not Recommended By Review Website Like Proupshot
- Domain Blacklisted Statu: It seems there is no direct mention of this domain being on a blacklist.
GlobTFX Warning Signs That Shouldn’t Be Ignored
GlobTFX claims to be a US-based regulated brokerage licensed by the Australia Securities & Investment Commission (ASIC). Investigations, though, reveal otherwise. The broker’s website, h5.gtfxx.com, is now down, and all its licenses are either expired or are suspected to have been fabricated.
GlobTFX Review – Scam Indicators
Illegal and Risky Operations
This GlobTFX review verifies that the broker has been confirmed illegal and placed on WikiFX’s Scam Brokers list. The ASIC license it presents is also believed to be a clone, as that is a scammer’s common practice.
Ponzi Scheme Activity
According to reports, GlobTFX is running a Ponzi scheme termed “value multiplication,” in which the funds of new investors are used to pay the older ones. Such schemes are relatively short-lived and mostly end in the loss of funds for investors.
Numerous Complaints and No Platform
The broker is currently the recipient of 59 complaints over the last three months and has no proper trading platform. Its WikiFX score is an extremely low 1.12/10, thus giving it extremely low credibility.
Lack of Transparency and Regulation
GlobTFX exhibits signs of high-risk operations; its ownership details are hidden and unexplained content is provided. It may also provide risky crypto services.
This GlobTFX review indicates the broker is not safe. If you’re wondering whether is GlobTFX safe, is GlobTFX legit, or GlobTFX is real or fake, the answer is no. Always verify GlobTFX WikiFX before investing.
Why You Should Be Cautious?
We have been tracking fraudulent brokers and shady investment schemes for many years. We continuously keep our eyes on different schemes in the market that may be targeting the traders. After many years of research and countless real-life cases, we now know how these scams operate and how they trick innocent people.
Big promises, unreasonably high returns, and withdrawal issues – these are classic investor-trapping techniques.
If looking to trade with h5.gtfxx.com, be cautious. Thorough research and intelligence observation are necessary so that an individual does not fall prey to any deceitful practices or tricks.
Beware of Trending Financial Scams
Scammers keep on establishing new skills to exploit innocent people. Some of the most common scams include:
- Investor Impersonation Scams: Fake investment firms promise high returns for a short time; then, they vanish with all deposits.
- Romantic Scams: Fraudsters pretend to create online relationships just to gain the financial trust of the victims before they manipulate them.
- Gift Card Scams: The criminals insist that the payments should be done by gift Card, hence creating irreversible transactions.
- Bank Account Fraud: Unauthorized access and identity theft are at play for the cause of drained bank accounts.
- Phishing Fraud: Emails and messages trick people into sharing private information.
- Cryptocurrency scams: Fake exchanges and Ponzi schemes trick traders into losing money.
- Forex scams: Unlicensed brokers manipulate trades and withhold withdrawals.
- Ransomware: Scammers demand ransom to release the data they have locked up.
When doing financial transactions online, always be observant and handle it cautiously. Meanwhile, verify the legitimacy of a particular broker.
How to Recover Lost Funds?
Losing funds on the GlobTFX or a similar platform? Don’t be disappointed. We specialize in tracing scam brokers and helping those affected take proper measures for fund recovery. We provide professional advice in chargebacks, litigation, and reporting scams with the relevant authorities.
Contact Us for a free consultation regarding the recovery of your funds.
About Proupshot
Proupshot.co is dedicated to revealing every fraudulent broker and delivering accurate information to a trader. We aim to protect investors from scams or fraud in finance and also help victims in recovering their lost funds.
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Also, read TCEHK Review.
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