While Global Solution is currently an inactive domain, we believe that the broker might be back under the new name. Most of them are back once everyone forgets the scheme they were running. However, we’re on the watch to remind you through our Global Solution review.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||FCA|
|Owned by:||Ground Solutions Ltd|
|Headquarters Country:||Commonwealth of Dominica|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
What About Global Solution Regulation?
Global Solution is a brand name of Ground Solutions Limited, a company from the Commonwealth of Dominica. The firm is not licensed with the FSU of Dominica, so we’ve checked other registers trying to find Global Solution regulation.
What’s Wrong With A Trading License?
Long story short, Global Solution is not registered with any Tier1 body, including FCA, ASIC, and BaFin. It was operating illegally, and that’s why vanishing was so easy. Since nobody was supervising the firm and there was no compensation fund, once they had enough money in their pockets, the owners of this scheme just closed an offshore branch. However, most of these firms are back at some point, and they’re turning to their old clients, so be very careful not to be caught twice.
Global Solution Warnings From Financial Regulators
Since Global Solution mainly targeted clients from Dominica and the UK, the FCA issued an official warning. They have warned citizens that Global Solution is not regulated and clients are not entitled to the FSCS compensation fund.
Virtually Anonymous Website
Unlike others, Global Solution tried to provide us with some information. However, this broker’s address is the same address used by many fraudulent Forex trading firms, including RoyalCBank, OrbitGTM, Kadocapital, and more. So, virtually, we know nothing. The owner might be anywhere, while the call center could really be offshore, or it could be another Eastern European boiler room.
Fund Withdrawal Issues
One of the reasons Global Solution broker just disappeared is unfulfilled withdrawal requests. Many clients tried to get their money back at some point, but the broker was freezing their accounts and never responded. After many complaints and the FCA warning, they had no other option but to shut down the whole operation.
This is the standard behavior of fraudulent brokers, but it doesn’t mean you should accept it. There’s always a way to get your money back, whether through a chargeback or a wire transfer recall.
Traders About Global Solution Scam
If you’re wondering what investors think of the company, we will show you just one of the examples. It looks like some of the company’s employees are still contacting clients, trying to extort more funds, so be very careful.
“Global Solution is total SCAM! Go AWAY, they stoled me 36 000U$. They closed my account without my agreement. Now they don’t even answer to my mail. They changed many time domain name (.io, .pro, .group…).” – Trustpilot Customer
Supported Trading Platforms – Available Trading Software
While Global Solution was advertising its platform as top-notch, it was far from what it was. The company was providing a basic WebTrader named – Webtrader. It shows how creative the firm was. Besides, there were very few charts and indicators, while social trading was not enabled. All in all, this platform was definitely not worth any money.
If you want to start investing, we recommend finding a regulated broker offering reputable software such as MT4 or MT5.
Online Trading Scam – Global Solution Scheme Mastery
Typically, Forex firms start scams after clicking on one of their ads and submitting your details. You will receive a call from the company’s representatives trying to persuade you to invest. Since Global Solution had no minimum deposit requirements, it must have sounded like an excellent opportunity to get wealthy from a small investment. Once you go into this scheme hole, getting out is difficult. You will hear all kinds of stories about how making thousands of dollars is right around the corner, but you need to upgrade your account. Each time, you’ll be offered an upgrade just a bit more for the next investment, but you’ll never be granted a withdrawal. Before you know it, your life savings will be with a scheme broker, and this is when you’ll face a frozen account. Or even worse, the company will disappear, leaving you to struggle.
Global Solution Range of Trading Instruments & Markets
Global Solution was offering access to a standard range of trading instruments, including:
- Currency pairs
The leverage was predetermined and set to 1:100, while the spread for EUR/USD pair started at 3 pips.
Scammed by Global Solution? – Tell Us Your Story
If you were scammed by Global Solution or a similar bogus broker, contact us right away. Our chargeback specialists are experienced enough to help, whatever the case is.
But What Is A Chargeback?
This is a way for your bank to get your funds back from the merchant if you can prove that you have been scammed. Contact us via online chat to book a free consultation, and let’s file a dispute now!
What Is Global Solution?
Global Solution is an inactive online trading broker with no license. Since the company defrauded many, we’re here to assist with refunds.
Is Global Solution A Scam Broker?
Global Solution was blacklisted in the UK for conducting the scheme. If you fall victim, contact us to review your refund options.
Is Global Solution Regulated?
Global Solution was an unregulated offshore broker operating without any authorization.