The Internet has become a playground for unscrupulous scammers nowadays. If you think that this investment firm is going to help you make profits, you’re wrong. The platform and plan are nothing but a ploy designed to take away your money.
We intend to prove this in our Glamour Fx Trade Review so be sure to give it a read. Also, we aim to outline the potential fund recovery methods.
| Regulated by: | Unregulated Investment Scam |
| Is This Company Safe? | No |
| Known Websites: | glamourfxtrade.com |
| Have Warnings from: | BVI FSC |
| Registered in: | Florida, US (allegedly) |
| Operating since: | 2022-11-19 |
| Trading Platforms: | N/A |
| Maximum Leverage: | N/A |
| Minimum Deposit: | 24 USD |
| Deposit Bonus: | N/A |
| Trading Assets: | Litecoin |
| Free Demo Account: | Not Available |
| How to Withdraw from This Company? | Since this company is unlikely to return your money – contact your bank, Financial Regulator, or simply Reach out to us for professional assistance in recovering your funds. |
Legal Info: Is Glamour Fx Trade Regulated?
The firm’s bogus website claims that this business was founded in Florida while being registered with the Financial Services Commission (FSC) of the British Virgin Islands (BVI).
However, the FSC issued a warning against Glamour Fx Trade on September 22, 2023, stating that the platform “is falsely purporting to be licensed and regulated by the FSC to conduct investment business.”
Just to be sure, we checked the registers of the US National Futures Association and the Securities and Exchange Commission and got no results back. Glamour Fx Trade Ltd seemingly doesn’t exist anywhere besides online.
Do you really want to trust such a shady platform with your funds? Instead of taking the bait, reject everything that the fraudster offers and report the scheme to the authorities.
We recommend you find a reliable provider licensed by a reputable financial market regulatory authority. The best regulators that you can rely on to supervise your platform include the FCA (UK), ASIC (Australia), CFTC & NFA (US), CySEC (Cyprus), BaFin (Germany), IIROC (Canada), etc.
If you need help finding the best platform for your needs, we offer our professional assistance.
Why a Trading License Matters
Top financial market jurisdictions such as the European Economic Area, the United States, and Australia boast heavy regulations. Their respective regulators have established strict requirements for entities that apply for a license.
Firms are required to maintain a substantial minimum operating capital (e.g. 730,000 EUR or 1,000,000 AUD), provide clients with negative balance protection, segregate their funds in a top-tier bank (e.g. Barclays), and even a compensation scheme (e.g. up to 20,000 EUR).
If you’re having issues with a regulated broker, you can file a complaint with the regulator. Unlicensed providers such as Glamour Fx Trade and Canz Trades are not liable to compensate you in such cases, which is why these platforms should be avoided.
Who Are the Fraudster’s Targets
According to godaddy.com/whois, the glamourfxtrade.com website domain was created on November 19, 2022. Since then, the anonymous financial swindler has mainly been targeting unsuspecting traders who reside in the following countries:
- South Africa;
- Nigeria;
- Namibia;
- Zambia;
- Uganda.
It’s obvious that African traders are the main targets. Although each of these jurisdictions has much laxer regulations than Europe or North America, it doesn’t mean that unlicensed entities are allowed to operate.
Do not trust this scheme! We can help you recover the funds you deposited in your account.
Trader Reviews
You will not find any positive reviews of this investment platform. But what you will find is a couple of complaints from unfortunate traders who ended up losing the money they invested in Glamour Fx Trade’s plan.
Check out the negative reviews for yourself on scamadviser.com. It is important to read what others say about a certain platform before contemplating any investments. Also, get acquainted with how the trading industry coped with recent global challenges and events by reading our Forex Trading Market analysis.
Is There a Trading Platform Available?
Glamour Fx Trade does not seem to offer a trading platform. Instead, the unreliable website is begging you to invest money in a certain crypto plan that is supposed to yield quick and hefty returns.
The whole consent is rather suspicious and raises concerns. What happens to the money you invest? Is the firm going to use it to trade crypto and make profits so that you get your share? Whatever the case, do not throw your valued funds away on such a cheap scheme.
Litecoin Plan and Referral Program
Glamour Fx Trade allegedly offers a Litecoin plan, which requires a minimum investment of 24 USD. The rest of the information about this plan is rather misleading and confusing.
Keep in mind that cryptocurrencies are extremely volatile assets with markets fluctuating to extreme degrees at times. In other words, the crypto environment is unpredictable and risky per se. If you truly want to trade these assets, be sure to pick a legitimate platform.
There is also a referral program available, which enables traders to earn a 1% to 5% commission on every new member they bring in. Of course, this is nothing but a Ponzi scheme so do not drag your friends into it.
Withdrawal Issues
At the bottom of the home page, we saw logos of popular payment processing companies such as MasterCard, VISA, Maestro, and American Express. Presumably, all payments are made via credit/debit cards. With a platform like this one, withdrawal issues are inevitable.
Therefore, if you want to reverse a credit/debit card transaction, you should request a chargeback at your issuing bank within 540 days. You may need professional assistance, which is why we offer our expert services so please book a consultation with us and tell us more about your case.
Key Information To Consider About Glamour Fx Trade
Glamour Fx Trade is an anonymous website, offering a dubious Litecoin plan. The fake investment firm is blacklisted by the BVI FSC and the website does not provide any valid legal documentation, which is why it cannot be trusted.
If you have fallen victim to this unscrupulous scheme, do not despair. We can help you recover your funds. Our experts will gladly guide you through the chargeback process. Book a free consultation with us as soon as possible.
Let us know if Glamour Fx Trade scammed you.
FAQ Section
What Is Glamour Fx Trade?
Glamour Fx Trade is an anonymous investment scam allegedly based in the US and registered with the BVI FSC.
Is Glamour Fx Trade Scam?
Yes, the website is undoubtedly a scam. The FSC issued a warning against it.
How Long Does It Take For Glamour Fx Trade To Fulfill Withdrawal Request?
According to the website, 5-30 minutes. This is a lie, the scammer won’t send you your money. We are here to help you retrieve it.
