An investor needs to know about a broker before starting to trade with a new broker. If you are planning to trade with Global Coin Trade, you should read this comprehensive Global Coin Trade review. Scam Help Center Team suspects Global Coin Trade as a fraudulent broker. Read the details here.
Website –https://globalcointrade.org/
Website Availability –NO
Address –64 Thornton St, Hursley, UNITED KINGDOM, SO21 1NS
Blacklisted Status –Financial Conduct Authority (United Kingdom)
Domain Age Information –
Domain Name: globalcointrade.org
Registry Domain ID: 34928726b57444b28ce6017d2183bbe5-LROR
Registrar WHOIS Server: http://whois.atakteknoloji.com
Registrar URL: http://apiname.com
Updated Date: 2024-08-16T11:37:03Z
Creation Date: 2024-04-27T09:26:23Z
Registry Expiry Date: 2025-04-27T09:26:23Z
Fraudulent Conduct by Global Coin Trade Broker
A fraudulent broker known as Global Coin Trade has been uncovered for defrauding gullible investors. As on the most recent checks, their website, https://globalcointrade.org/, was not accessible. The Financial Conduct Authority (FCA) of the United Kingdom has placed the broker on a blacklist. The broker operates out of a fictitious location at 64 Thornton St., Hursley, UK. The website was last updated in August 2024, having only been launched on April 27, 2024. It was shut down soon after. These details support the claim that Global Coin Trade is a fraudster that preys on investors without providing any legitimate financial services.
Negative Reviews and Red Flags
A key consideration in assessing the reliability of Global Coin Trade is the frequency of negative Global Coin Trade reviews on various platforms. These reviews frequently attract attention to concerns like withdrawal difficulties, unhelpful customer service, false information, and obvious deceit. Due to the many negative Global Coin Trade reviews, which highlight the risks involved in trading on the platform, prospective investors are advised to proceed with care and look into other, more reliable brokers.
Looking to invest safely? Choose a licensed broker and avoid these fraudulent brokers 2024.
The Role and Importance of Regulatory Warnings
The most significant indicator of potential deceit is the lack of regulatory supervision, either completely or insufficiently. Regulatory bodies such as the SEC, FCA, FINMA, ASIC, BaFin, FMA, CONSOB, and others issue warnings against unlicensed brokers operating without recognized financial norms. Examine the regulatory warnings to confirm the legitimacy of Global Coin Trade’s operations and the safety of investor funds.
Having a regulatory license adds another level of safety for traders by guaranteeing that the broker complies with strict guidelines including sufficient capital, transparency, and ethical conduct. It gives investors a safety net in case of disagreements or misconduct, which is lacking when working with unregulated businesses. In an Global Coin Trade review, the importance of choosing a licensed broker is often highlighted due to these safeguards.
Why Should You Avoid Trading with Unlicensed/Unregulated Brokers?
Due to the high risks involved, trading on an unregistered broker’s platform is not recommended.
- Money might not be separated, which would make it more susceptible to loss in the case of the broker’s bankruptcy or financial mismanagement.
- Transparency is sometimes lacking in operations, which leaves traders vulnerable to false information and unstated costs.
- The entire trading experience is undermined by generally worse service quality, poor customer assistance, and antiquated trading systems.
- Selecting a registered broker guarantees compliance with regulations that protect investors and advance a safer and more open trading environment.
Other possible fraudulent activities of Global Coin Trade broker
Global Coin Trade seems not fair to the investors as they complain about the withdrawal issues, unfulfilled bonus policies, and other assured benefits
Global Coin Trade offers assets that are highly risky and result in huge losses for investors.
Global Coin Trade sales staff continues to call the investors and force them to invest more and more money.
Final Conclusion- Is Global Coin Trade a fraudulent or legit broker?
Based on the regulatory warnings and negative Global Coin Trade reviews, it appears to lean towards the classification of a potential deceit. It is recommended that investors proceed with utmost caution and consider other brokers that have legitimate regulatory licenses and good standing in the trading community.
Concerned about potential deceit? Protect yourself from fraudulent brokers by getting a free consultation.
Got Scammed by Global Coin Trade? Scam Help Center Is Your Solution for a Refund!
For victims of Global Coin Trade, getting help through platforms like the Scam Help Center is important. If you suspect deceit, filing a chargeback might help you get your funds back. To successfully enhance your case and speed up the recovery procedure, take immediate action and document everything thoroughly.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
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