Is Globalinwest Legit or Scam?
Our review of Globalinwest reveals numerous red flags that strongly suggest it’s a scam broker. They are unregulated, meaning your money is not protected and they can manipulate your trades without consequence. Furthermore, they employ deceptive tactics and offer unrealistic promises to lure you in.
This review will detail the warning signs and why you should avoid Globalinwest at all costs.
Company Overview
Regulated by: | Unregulated Broker |
Is This Company Safe? | No, this is an illicit firm and should not be trusted |
Known Websites: | |
Have Warnings from: | N/A |
Registered in: | Ireland (alleged) |
Operating since: | 13.09.2023. |
Trading Platforms: | MT5 (alleged) |
Maximum Leverage: | 1:400 |
Minimum Deposit: | $250 |
Deposit Bonus: | Up to 100% |
Trading Assets: | Forex, Stocks, Bonds, Mutual Funds, Commodities, Futures |
Free Demo Account: | No |
How to Withdraw from This Company? | Being an illicit business, the website owners will not be likely to allow your withdrawals, so better contact our legal advisors. |
Services or Products
Globalinwest claims to offer a variety of trading instruments, but due to the platform’s inaccessibility, verification is impossible. Listed on their website are:
- Stocks (e.g., Disney, Netflix, BMW)
- Bonds (e.g., Treasury Bonds)
- Mutual Funds (e.g., State funds, municipality funds)
- Forex (e.g., EUR/USD, GBP/EUR, USD/CAD)
- Commodities (e.g., Silver, Gold, Coffee)
- Futures (e.g., Commodities futures, Stock futures)
If you have lost money to companies like Athens Markets, or Emarket-24; please report it to us on our report a scam form.
Trading Platform & Leverages
Globalinwest claims to use the industry-standard MT5 platform, but only provides mobile app links. The desktop version, crucial for most traders, is mysteriously absent. Furthermore, they offer a dangerously high maximum leverage of 1:400, exceeding legal limits in most regulated regions.
Spreads and Cost of Trading
There is no transparency regarding spreads or other trading costs. A reputable broker will clearly disclose these fees upfront.
License and Regulations
Globalinwest is completely unregulated. We checked with various European regulators Like KNF, BaFIN, CySEC, CONSOB, FINMA, and Financial Conduct Authority (FCA) and found no record of them. This lack of oversight means your funds are at extreme risk.
Legal Warning Against Globalinwest
Due to their unregulated status and deceptive practices, we strongly advise against using Globalinwest. They operate outside legal boundaries and pose a significant financial threat.
Deposit and Withdrawal Methods
Globalinwest remains silent on deposit and withdrawal methods. This lack of transparency is another major red flag.
Globalinwest Pros and Cons
Pros | Cons |
None | Unregulated |
| Â | Deceptive marketing practices |
| Â | Unrealistic bonus offers |
| Â | Unusable desktop platform |
| Â | Hidden fees |
| Â | Non-existent customer service |
Why Dealing With An Unlicensed Broker Is Risky
Unlicensed brokers like Globalinwest are not subject to any regulatory oversight. This means:
- Your funds are not protected: In case of bankruptcy or fraud, you have no recourse to recover your money.
- Market manipulation: The broker can manipulate prices in their favor, causing you to lose trades unfairly.
- Unfair trading practices: They can employ tactics like slippage or requotes to steal profits from your trades.
Client Feedback
There are no genuine client reviews available for Globalinwest. The testimonials on their website are likely fabricated.
How Can “ReviewsAdvice” Help You If You Get Scammed?
Unfortunately, recovering funds lost to a scam broker can be difficult. However, “ReviewsAdvice” can help by:
- Educating you about red flags to avoid future scams.
- Connecting you with resources that may assist in fund recovery (depending on the circumstances).
We will provide you recovery service recommendations, which will help you in recovering the lost funds or you can report to us today by the below form.
Get Your Money Back from Scammers.
Final Thought
Globalinwest exhibits all the classic signs of a scam broker. Their lack of regulation, deceptive marketing, and hidden fees create a dangerous environment for your hard-earned money. Do not invest with them. Instead, choose a reputable, licensed broker to ensure a safe and fair trading experience.
