Globalspotfx review, is global spot fx legit or scam read our global spot fx review for more details.
Global spot fx is a CFDs, forex, binary options and cryptocurrency broker claiming to be a leading broker in UK. The new forex broker with the name global spot fx is a forex broker that claim to be regulated and located in UK.
However with the exact location they provided, we have searched round the UK street but found nothing related to the broker. Though if you are already a user, it might sound strange if we say that the broker is not legit.
But do matter whose ox is gored, we will keep sticking out non reliable firms. While we proceed to global sport fx review, we want to use this opportunity to tag the sister in crime mfm securities. That is another alternative to lose your money fast.
Therefore checking all this non licensed and non reliable brokers, we found that, they all chase one goal. Which is to get you invested in their company and not responding to your support.
Well, the truth is that you need further education before investing in any broker and I think that’s what you are doing now.
TRADING PLATFORM
Global spot fx offer different trading platform including demo. However in the process of our global spot fx review, we visited the site and registered with them.
We tried to trade with the platform in other to get many information but it was all unavail. This as a result, we equally noticed that we are insecure by investing in the company as they claim they are regulated but no regulatory compliance has been issued. However, checking the platform:
This broker offer web terminals, desktop, iPhone, iPad, iPod, and android. Therefore to trade on the go, you need to open an account with their web terminal. More-so if you wish to have the App in you phone or desktop, you can equally download. Though if you are to work with the broker, we will choose their Mobile platform.
Demo account: globalspotfx offer demo account which traders can use to try the platform before investing. However this demo account is free and can be trade on the go.
GLOBASPOTFX ACCOUNT TYPES
Global spot fx offer traders multiple trading accounts. Therefore traders can easily choose from the type of account size based on their financial ability.
Micro Account
The micro account offered by global spot fx comes with minimum deposit of $250. However, the instruments available are Forex, Indices, Commodities and Share CFDs. Minimum trade lot is $0.01, while there’s spreads from 1 pip, and there’s no commission. Note there are other features attached to the micro account, like max leverage is 1:500. However, if you wish to know more please check the broker on your own.
Standard Account
This account type is good for those who have the experience of trading. The standard account comes with minimum deposit of $€500. The minimum trade per lot is 0.01, and 60 standard lots per position. The spreads for this account is 1pip while max leverage is 1:300. However the margin call is 50% 20%, there are other features attached to this account type.
Pimuim Account
The primium account at globalspotfx is for large size traders. The minimum deposit for this account is $€25,000, and the minimum trade per lot is 0.1 lots (10,000 units of base currency). However their max leverage for this account is 1:100, while the spreads is from 0.6 pips. The margin call is 50%/ 20%, maximum standard lots per position is 80. Note there are other features attached to this account type.
Globalspotfx VIP Account
This account type is for VIP membership platform. If you want to have more benefit than others, then you should go for their VIP account. The minimum deposit for this account is $€100,000. Spred pip is from 0.2, while the minimum trade size is 0.1 lots (10,000 units of base currency). With VIP you can trade Forex, Indices, Commodities and Share CFDs. Mergin call is 50%/20%, however it offer commission up to $6/€5 per round-turn standard lot. There are other features attached to the account type.
ATTENTION, CHECK THIS OUT!
Are you looking for a good platform to trade currency? Can you trade in the financial markets. If your answer is yes, then head over to videforex platform. They offer a reliable forex service, they are most trusted so far. Not just by name but by service offer offered, however with videforex brokers you can trade on a safe platform. Customer support is 24/7 while refund is available. Deposit bonus is 100% and trading ideas and concept is available. Why not make the right choice?
GLOBALSPOTFX CUSTOMER SUPPORT
Global spot fx offer traders customer support via livechat. However you can contact them via their contact form. While we write globalspotfx review, we checked other way of contacting the broker and we found email support for affiliates.
Learn more about scams like asfmarkets
PAYMENT AND WITHDRAWAL METHODS
The broker offer traders payment methods via Mastercard, Visa card, and Visa electronic. However, when we checked it, we saw that their major way of accepting deposit is card. They would only provide that as option for traders. This payment method is not enough and can be risky if anything go wrong.
IS GLOBAL SPOT FX SCAM
Is global spot fx scam? We would say no, if they only provided their regulatory compliance. We would recommend globalSpotFx if we know the name behind this broker. Therefore checking all these, and not finding them legit, we call globalspotfx scam. However the reasone is not because they are new in the forex market nor their website not well designed but they are no were to be found. Therefore we wouldn’t like user to take the risk of invest money with non reliable firm. Thus we have compared globalspotfx review with pepperstone broker you can check it out and see more reasons to forget globalspotfx. Instead go for NSBroker, another reliable mt5 broker.
GLOBALSPOTFX REVIEW CONCLUSION
Finally we will conclude our Globalspotfx review by telling you to stay clear out of this broker. Globalspotfx is not regulated and not reliable. If you don’t mind, I would suggest for you to invest in forex managed account, if you don’t know how to trade. Other things being equal, you can do this trade yourself with our top rated forex brokers. Make this choice yourself and stay safe.
I can confirmed Global Spot FX is a scam. In this moment I’m trying recover my money but I have no hopes. After sending him a bank wire to their bank account in UK ( Lloyds bank ) I noticed lot of irregular things, when I asked for my money back they send me a false transfer receipt for a wire to an Italian bank, but I’m Spanish living in Spain without accounts out… then they say if I want my money I must pay the fees of the Italian bank, that’s crazy… also they say they can’t do more till I pay it ( to a Italian account) … it’s my fault for trust but now I only can inform people to avoid Global Spot FX