GlobalOnlineFX is not a reliable provider. The focus of our GlobalOnlineFX Review will be the legal background of this alleged crypto trading platform and what the shady website offers in terms of trading.
We have gathered some evidence against GlobalOnlineFX that will undoubtedly shatter the facade that the scammer cunningly built. Read our analysis to learn how to identify online financial swindlers and how to get money back from them.
| Regulated by: | Unregulated Scam Broker |
| Is This Company Safe? | No |
| Known Websites: | globalonlinefx.com |
| Have Warnings from: | N/A |
| Registered in: | US (allegedly) |
| Operating since: | 2021-11-18 |
| Trading Platforms: | Web |
| Maximum Leverage: | N/A |
| Minimum Deposit: | 200 USD |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies |
| 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 GlobalOnlineFX Regulated?
GlobalOnlineFX claims to be a legitimate American-based crypto trading company. Yet, the website provided a UK address. After looking it up, we found out that the UK’s Financial Conduct Authority (FCA) issued a warning against a trading scam located at that address. Something is terribly fishy about that address.
And since GlobalOnlineFX doesn’t provide any more info about the legal background, it is evident that the platform is not transparent and unlicensed to provide crypto trading services. Trading with unregulated brokers is risky, which is why we recommend you invest your hard-earned funds elsewhere.
Make sure your broker legally operates under the watchful eyes of top-tier financial market regulators such as the FCA (UK), CFTC & NFA (US), BaFin (Germany), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc.
If GlobalOnlineFX scammed you, we can help you retrieve your money!
Who Are GlobalOnlineFX’s Victims?
According to cubdomain.com, the globalonlinefx.com website domain was created on November 18, 2021. Since then, the anonymous con artist has been primarily targeting traders who reside in the following countries:
- UAE;
- Philippines;
- Germany;
- Canada;
- Nigeria.
It is obvious that the scam broker wants to infiltrate major financial hubs around the world. Unlicensed providers such as GlobalOnlineFX and SPmarket24 typically pretend to be legitimate platforms in order to dupe unsuspecting traders. Neither broker respects the regulatory rules of the aforementioned jurisdictions.
Trader Reviews – Sharing Experiences
There are not many GlobalOnlineFX trader reviews. We did manage to find some on scamadviser.com, all negative. Traders expressed their frustration with GlobalOnlineFX and the withdrawal issues they experienced.
More complaints can be found on reddit.com where traders revealed the truth about the unscrupulous trading scam. Read the thread to understand why we were right in our previous sections. GlobalOnlineFX cannot be trusted!
Do not trade on unregulated platforms. We can help you get your money back.
GlobalOnlineFX Trading Platform
GlobalOnlineFX offers a rudimental and lackluster web platform, just like PrimoTrade. The problem with this trading terminal is that it is ineffective, i.e. there are no advanced features and tools. It can be used to trade five popular cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
WebTrader contains only basic charts, graphs, and indicators. If you want to truly enhance your trading experience, you need to use cutting-edge software such as MetaTrader 4 or MetaTrader 5. GlobalOnlineFX does not support these platforms.
Leverage, Spreads and Commissions
GlobalOnlineFX did not disclose the maximum leverage cap. Just keep in mind that high leverage is risky, especially if you’re a beginner who’s trading volatile assets such as cryptocurrencies. High leverage can amplify profits but also losses.
GlobalOnlineFX did not disclose any other trading costs such as spreads and commissions. Furthermore, the broker does not offer a free demo account, only a single live account. Without a demo account, we couldn’t try out the platform and the spreads & commissions. It does not matter because we already debunked all the lies on the website.
GlobalOnlineFX Withdrawal Process
According to GlobalOnlineFX’s website, the payment methods for deposits and withdrawals include the following:
- Credit/debit cards;
- Wire transfers;
- Cryptocurrencies.
The minimum deposit requirement is 200 US, which is not worth the risk. As for the deposit and withdrawal fees, GlobalOnlineFX does not disclose anything. Since some traders complained about not being able to withdraw funds, we will tell you a bit more about the chargeback procedure.
Funds deposited via MasterCard and VISA credit/debit cards can be refunded via a chargeback, which can be requested at the issuing bank within 540 days. Wire transfers can be reversed via a recall but this action can only work for transactions that are not yet complete.
Key Facts To Consider About GlobalOnlineFX
GlobalOnlineFX is an unlicensed crypto trading scam allegedly based in the United States. The main targets of GlobalOnlineFX are traders from the Philippines, Nigeria, Canada, Germany, and the United Arab Emirates.
The platform is unregulated. Many traders had issues with GlobalOnlineFX, which is the main reason why we do not recommend this platform.
If you lost money to the GlobalOnlineFX scam, please book your free consultation with us and tell us more about your case. If you need professional assistance in recovering your funds, our team will gladly guide you through the chargeback process.
We also offer professional crypto-tracing services, in case you deposited your funds via cryptocurrency payments.
Book your consultation with us today and start the chargeback process.
FAQ Section
What Is GlobalOnlineFX?
GlobalOnlineFX claims to be an American crypto trading platform with a web-based trading terminal.
Is GlobalOnlineFX A Scam Or Legit?
GlobalOnlineFX is undoubtedly a scam. The website is not transparent and the broker is not licensed.
How Does GlobalOnlineFX Work?
GlobalOnlineFX is supposedly a crypto trading platform. If you invested money in it, we can help you get it out!
