Read our Global FX Trade review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a global-fxtrade.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Global FX Trade is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Global FX Trade in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
Global FX Trade Review Conclusions
Making the Global FX Trade review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Global FX Trade review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
I just found out that I got scammed for almost $5000.00 from a trading company call xglobalforextrade.com. Please let me know if there is anything I can do to get my money back.
James Hall
Same here
I strictly recommend not to invest to this site xglobalforextrade because staffs doesnt give proper information giving false hopes saying earn good profits and cheating after started to trade asking for more investment if not no profits will be provided.
I was fooled by a staff named kelvin
Bastard.
I was like a fool I invested and all money wasted and there was no profits , so please don’t even invest on them , they are scammer. They will keep asking for more money,
Please do not send your money to these people, I found out the hard way and now I am spreading the knowledge to stay away on any and every review site I can find!
This company is scammers!!! I was scammed by a person named Charlotte, got me to invest a small amount then keep asking for more money. Every day she would ask me to check my account to see the gains, she also ask me to screenshot it and send it to her . When the account reached a certain amount, I got a email saying my account was suspended and to get it back I needed to upgrade by paying $1500 in order to get my account back. I told her I didn’t have the money and she kept telling me to try and get the money up or to borrow the money. When I told her I couldn’t get the money and that they were scammers she got really mad!!! PLEASE DON’T USE THIS COMPANY
I got scam the same way by someone impersonating Beezyesco a influencer on Instagram that I follow.
This company is Scam 100% as I invested 8k aus dollars with my partner we trusted a girl name Jessica from Hawaii she told me to start with a minimum of 300 then 500 the next. Next thing you know she said my account got suspended and needed to upgrade we sent 2850$ aus dollars & we were told our funds will be In our account within 45 minutes. We haven’t received our return and we just need help please in getting our money back it’s been 15 days now I’d say. DONT TRUST THIS PLATFORM AT ALL.
This company took 6k aus dollars in total off me
I decided to invest with a girl name Jessica from Hawaii she told me start with a minimum of 300 then 48 hours later I sent 500 the week later she told me my account was suspended and I needed to upgrade we sent her 2850 aus dollars and she told me to check my account and I should have got my return but we didn’t she left us with False hope nothing was guaranteed or black and white for us so unprofessional and do not agree with this platform at all!!!!!!!
What Kesha review was is similar to what happened to me and my partner. Please don’t trust this platform or any forex trading unless you know your knowledge.
i also being scammed earlier with the name Alexandra Dorin, using this Online Global FxTrading. she used to scammed me an amount of money. and really need to shedlight wd this matter. im so stressed and depressed. i really need my money back. f**k this person Alexandra or Allen whatever called her f*****g name was! i hope these scammers will go really rot in hell!
I too was scammed on this website and I’m afraid that my info is just in the hands of this scammer we need to have this website taken down ☹️
I was scammed by globalcfxtrading.com global cfx trading by the name of BRETT HANKISON and DAVID HUANG. They will led you to believe that they will get 10-35% profit daily but you cannot withdraw your money!
They are scammers!
I dont see a globalfxtrading.com anymore. I see globalfxstake.com.
So you get fooled and invest the next thing your money is gone. Do they’ve resprentives in USA also, anyone heard if Brian Jung ??
Broker agent name Li Ai,from global fx. The agent approach me from twitter,Name twitter Li Ai. I give my phone number and her contact me via whatapps,with her . Her give me a link to register under her as agent broker. After the successful register,her ask me put 1st deposit 100USD,use binance app,usdt transfer to the address given. Then after a few weeks trade with her,her ask me to top up again,because her told me my account to small,then i follow,i was added 300USD more.
Trade again,and i have gain my profit 1075USD. When i want to withdrawal my profit,i need to pay again for agent benefit/fee,i pay 135USD. She told me the withdrawals only take 30minutes.
But i request from 12th july 2021,till now,nothing credited in my account. I was contact the agent but not respond,twitter and whatapps still active,but not respon.
Has anyone heard of globalfxstake ? And I’ve sent £1000 and they saying I need to put a further £2000 to move me to a tier 1 then they say I can draw out,is this a scam ? And has anyo e had any dealings with these f*****s ????
Got recruited by DAVID HUANG in Facebook after one year of denying his invite. He is based in Hong Kong and recently moved to Houston, Texas. He seemed legit because I see his posts over a year he seems to be a typical good guy, God fearing, loves his mother and seems very successful and living the life. When I eventually started investing i got introduced to BRETT HANKISON who is based in the UK as the Portfolio Manager. To cut the story short avoid these scammers and this website https://www.globalfxctrading.com
Is there anyway to chase these bad people?
I e been scammed 700£ put money into globalonlinefx.com COMPLETE SCAMM
No one responds to emails
You have to contact support for withdrawals
I tried contacting Coinbase as I transferred moenh from there to globalonlinefx.com
Now I’m pissed have to take an Loss
I was scammed by a company called cryptoxchags.com. initial investment was 500USD. Then I was told I needed to pay 300USD to upgrade VIP. After 7 days, profits were 18180. Hit with a 1000USD withdrawal fee. Then a 350USD OTP code. Then they wanted 10% commission fees up front, then they tried a 800USD IRS fee. Never received any profits. SCAMMED!!! CRYPTOXCHAGS ARE SCAMMERS!!!
I just scamed by GLOBAL FOREX EXPERTS. They are Fake and scam they took my money by the name of investment then they will ask you another money by saying to tax clearance to deposit your profit then they will gone.don’t do it i am the victim
I lost $250 and they maximize my deposit to $5000 in profit but they said I have to deposit $1116 for withdrawal fee.How could you help me out on this
Has anyone heard of https://cryptofxglobaltrade.com/. I vested $4000 and on my broker dash board, it says I’ve made a profit of $35,700 dollars. Now the women Loren_crypt (instagram account) is saying I need to pay another $8,900 dollars in order to recieve the profit.
This is the email I recieved:
YOUR UPGRADE WAS SUCCESSFUL AND YOUR TRADING PROFIT GROWS TO $35700 AND YOUR BROKER ACCOUNT BALANCE IS $39800.
THE UPGRADE IS SUPPOSED TO BE ONCE PAYMENT,DUE TO THE FACT THAT YOU MADE THE PAYMENT TWICE.THE TRADING LIMIT HAS EXCEEDED AND YOU WILL HAVE TO MAKE A PAYMENT OF $8900 TO INCREASE THE TRADING LIMIT .
DONT PANIC PLEASE,PARDON THE COMPANY AND COMPLY WITH IMMEDIATE RESPONSE.
ONCE PAYMENT IS DONE AND CONFIRMED.THE $8900 WILL BE ADDED TO YOUR BALANCE,THEN YOU CAN WITHDRAW TO YOUR BANK ACCOUNT,BITCOIN WALLET OR ANY MEANS OF YOUR CHOICE.
SIGNED :: CRYPTO FX WORLD.
Any help will be appreciated.
RACHEL, do not invest with them, I have personally invested over 30k, she loren_crypt does not just stop at one deposit, she will make you pay another 15k just for withdrawal fees, plus another large fee just for the mining fee, please do not fall for this trick, stop whilst you’ve only lost a small amount!!!!
Before investing always check with FCA. If they are not registered with FCA avoid it at once. Also, ask it they are registered with FCA! I got scammed myself and it’s hard lesson learnt.
https://www.fca.org.uk/scamsmart/warning-list/results?type=911&opp=801&com=791&pen=1&search_term=Global%20face
I have invested in globalfxindex.com. Was approached by an investor in linkedin. Has anyone every heard about this website. So far I have invested 5k and shows profit of 15k. I have a active trading period till June 10, so was told can’t withdraw anything till then. Also, I have to sign a trade agreement to accept a 15% fee. Trying to figure out if this is legit or scam?
Invested with a guy named Fx Mark James on Facebook. When I was supposed to withdraw he said I have to upgrade with $195 to withdraw. Then I told him I got no more money. I told him he’s a scammer and he immediately deleted the messages we exchanged and blocked me.i still have his screen shorts of messages and this he doesn’t know.dont invest with him. He’s a big time scammer.
globalfxindex.com is legit or scam? Please tell me fast before i lost anything
https://globalfx-trading.com/ IS THIS LEGIT OR NOT
PLEAASE HELP ME
Scam!! Do not trust anybody especially Charlotte!!! She (or he) Will make you promise after promise and say they understand your situation and even give you a little bit of space to make them seem sincere. Then when it’s time to withdraw they were offered to pay half or part of your fees but then for some reason the total amount won’t be paid and then they bring it back on you to pay MORE!! It’s always more.. one more fee always with the promise to get an immediate payout but of course that never happens. These are all lies do not believe them stay away from these people especially Charlotte!!!!
Do not trust who David Huang and Brett Hankinson. They are a team to cheat to rush to deposit for trading profit with good hit targets . But whenever you want withdraw your money. They tell you have to deposit $1450 for instants. They scam . Someone can withdraw money from account. Just let’s me know how do it. Thanks
Be careful with those people
I just got a scam with Global fx trade.come with 850$. First of all I invested there 350$ for 5 days. They told me they will return be back 4500$ after 5 days. After five days they told me to transfer 500$ for transfer fees. So, I have transferred 500$ more. On that day they told me no more charges. They will transfer 4500$ immediately.so I waited. The next day they to transfer again 700$ for company commission. I didn’t transfer them. I fighted with them. Then they reduced the amount 200$. I didn’t still transfer. I am little confused. In this circumstances what need to do, please advise.
I was scammed by a person called Abena Roberto I don’t even know if it’s a he or she . These people will drain you.Is there any way of reporting this please.
Hi people!
I was scammed to, with https://betaminingtrade.com
I was stupid and i lost 17k$ , the story is same, first just little deposit, then biger after that fees, first withdrawal fee, then electricity fee, and for the end wallet activation fee!
I was begging many more for at least the half of my investment, but wasnt enough, they guess a how to scam more, they found me as lawyer who get my money back, of course first i should pay for the invoice! Thats it, sorry im too tired with them! Bastartds!!!!
Scammers!!!!! Don’t invest 1$ neither!