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Global Broker Regulation & Inquiry App

Score

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/10

Glamex Global

United Kingdom|2-5 years|
High potential risk|

https://www.glamexgb.com/

Website

Rating Index

Contact

cs@gl008.com
https://www.glamexgb.com/

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

Glamex Global Ltd

Abbreviation

Glamex Global

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-05
  • 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

Glamex Global · WikiFX Survey

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Glamex Global · Company Summary

Note: Glamex Globals official site - https://www.glamexgb.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Glamex Global Review Summary in 4 Points
Founded 1-2 years
Registered Country/Region China
Regulation Suspicious NFA clone
Customer Support Email

What is Glamex Global?

Glamex Global

Glamex Global purports to be an online trading provider based in China. However, due to the unavailability of the Glamex Global website, it is currently impossible to confirm its compliance with regulatory standards and evaluate its general credibility. Further suspicion arises from the platform's suspicious NFA clone license, which calls its legitimacy into question.

In this article, we strive to provide a comprehensive review of Glamex Global, examining various aspects of the platform systematically. Should this topic pique your interest, we recommend you reading on. The article will culminate in a succinct overview highlighting key features of the broker for quick reference.

Pros & Cons

Pros Cons
None • Suspicious NFA clone
• Website inaccessible
• Negative feedbacks from their customers
• Lack of transparency
• Limited customer support

When considering Glamex Global, it's vital to understand the available feedback and its overall reputation.

The firm lacks apparent positives but has drawn several noticeable negatives. It is flagged as a suspicious clone by the NFA, which fuels serious doubts about its legitimacy. Additionally, the firm's website is currently not accessible, exacerbating the lack of transparency already noted for this company. Furthermore, Glamex Global has received negative feedback from its customers, indicating dissatisfaction with its services. This discontent is further compounded by a seemingly limited customer support system by email only. These factors cumulatively raise concerns about the firm's reliability and credibility.

Is Glamex Global Safe or Scam?

When considering the safety of a brokerage like Glamex Global or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: The broker is flagged as a suspicious clone by NFA (National Futures Association) with license no.0546213, suggesting that it may be posing as a legitimate entity. Adding to the suspicion is the issue of website accessibility. An inaccessible website raises significant red flags, impeding transparency and the ability of clients to gather information or contact the firm. Such lack of transparency and potential for misrepresentation are serious matters that warrant careful consideration.

suspicious clone NFA license
  • User feedback: Reports on WikiFX reveal two issues with this entity: slow withdrawals and opaque backstage operations. Delays in withdrawals could flag potential liquidity issues, while non-transparent operations suggest secretive decision-making beyond regulations. These factors raise concerns about transparency, financial reliability, and overall credibility.

  • Security measures: Currently, there is no publicly available information regarding the security measures implemented by this broker.

Ultimately, the decision whether to engage in trading with Glamex Global or not is a personal one, necessitating a careful evaluation of the pros and cons before arriving at a conclusion.

User Exposure on WikiFX

Within WikiFX's findings, two cases regarding slow withdrawals and mysterious backstage operations were reported. Both concerns are considerable red flags, and it's imperative for traders to consider these factors before engaging. Users are encouraged to access our platform for in-depth details and insights prior to initiating trades. If users encounter any deceptive brokers or have unfortunately been victimized by one, they are urged to report their experiences via our 'Exposure' section. Such information is highly valued and will assist our expert team in scrutinizing these entities further in order to provide solutions.

User Exposure on WikiFX

Customer Service

Glamex Global's customer support appears to be limited, with only email assistance provided. This entity lacks phone and live chat support, which are often essential for immediate assistance and resolving issues promptly.

Email: cs@gl008.com.

This limitation might impact customer experience and service response times, thus potential clients should consider this before engagement.

Conclusion

Glamex Global, presenting itself as an online trading platform based in China, is facing some serious allegations that cast doubt on its credibility. Most notably, Glamex Global is seen as a potentially suspicious clone of an NFA-regulated entity, creating a worrisome situation for traders who might be stepping into a hazardous and poorly regulated financial atmosphere. Coupled with issues such as an inaccessible website and negative customer feedback on WikiFX, this points to a significant shortfall in Glamex Global's professional ethics and obligations, adversely affecting customer experience.

Therefore, potential traders are urged to exercise caution when dealing with the platform and to prioritize transparency and regulatory compliance when choosing their trading platforms.

Frequently Asked Questions (FAQs)

Q 1: Is Glamex Global regulated?
A 1: No. It has been verified that this broker currently under suspicious NFA clone status with number 0546213.
Q 2: Is Glamex Global a good broker for beginners?
A 2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the unavailable website and negative reports from their customers.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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