Have you ever seen a broker with an entire website that gives zero information? Well, we have. And that’s Glare Markets. If you’ve ever considered trading with this particular broker, we highly advise you against doing it. Why?
Read our Glare Markets review and find it all out.
|Regulated by:||No regulation|
|Owned by:||Glare Markets Company|
|Supported Platforms:||Web trader|
|Cryptocurrencies:||Yes – N/A|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
Glare Markets Regulation and Security
Glare Markets reveals absolutely no information about the owner, headquarters, and similar. We did find a mention of Glare Markets Company in Terms and Conditions. However, we do not believe it’s an actual owner since a simple Internet search showed no records. Since there is no official headquarters, the broker does not belong to any regulatory jurisdiction and has no authority to provide financial services.
Fund Withdrawal Issues
As you can already assume, with unregulated brokerage comes many issues. According to Glare Markets reviews by investors themselves, it’s nearly impossible to withdraw the funds. And we do not speak only about the profit. We talk about your deposit, profit, and any funds that come along.
The broker is offering you to start with as low as $250. But, here comes the catch. After you invest your $250, they are transferred to your account on the web trader; the least secure trading platform. You have no idea about trading terms since there is no leverage, spread, or anything similar listed.
Also, the broker offers you to have an investment plan. Sounds brilliant. Your family can join too, and everything looks terrific. Just be aware that you might never see your invested funds. And don’t even let us start on the promised interest rate.
How does an online scam work?
Most likely, you will see an ad about investing and making millions. Of course, you will know it’s a marketing trick, but you also know people did get rich by investing. So, logically, you will assume there is potential. You will invest some small amount, maybe $250, as Glare Markets asks you to. You will be persuaded of all the possible ways to add more and more funds. And once you have nothing left or simply decline the offer, you will not be able to withdraw the money. Your “best friend” account manager will stop answering the phone. And you will know you are on your own. You have been scammed.
Scammed by Glare Markets?
If you were scammed by Glare Markets or any other fraudulent broker, as a matter of fact, there is a possibility to get your money back. You need to file a dispute and request a chargeback.
But what is a chargeback? A chargeback is a way of refunding your card in case you were a victim of an online scam.
Contact our support via chat, book your free consultations, and get all the information regarding the chargeback procedure. Let’s get your money back!
What is Glare Markets?
Glare Markets is an online trading brokerage without a license.
Is Glare Markets a scam?
Glare Markets has no regulation for its work.
Is Glare Markets regulated?
Glare Markets is not regulated by any authority body for providing financial services.