Glofen is a Contract for Difference (CFD) broker officially registered on October 29, 2019. The broker offers users a wide range of trading markets through its proprietary trading platform, including foreign exchange, commodities, stocks, indices, bonds, cryptocurrencies, etc. It does not operate in regions where it might violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
Public information on Glofen's official website shows that it is operated by Glofen Limited, which is authorized and regulated by the Financial Services Commission (FSC) of Mauritius. The "Company License" page indicates that the broker's registered entity is Ekonomitjänst G.Löf, which is registered at the Swedish Companies Registration Office (Bolagsverket), with the corporate registration number 19480402-0412. Additionally, it is authorized by Trading Point of Financial Instruments Limited and registered with the U.S. Securities and Exchange Commission (SEC).
Upon verification, the official website of the Financial Services Commission (FSC) of Mauritius does not show any registered enterprise named Glofen Limited. Although the Swedish Companies Registration Office (Bolagsverket) has a registered entity named Ekonomitjänst G.Löf, the U.S. Securities and Exchange Commission (SEC) does not have any registration information for this entity, nor the authorization information for Trading Point of Financial Instruments Limited.
Account Opening Process:
To open an account with Glofen: Visit the broker's homepage, click "Get Started" or "Start Trading" at the top right corner of the page to enter the registration page. Fill in personal information such as name, email address, phone number, select the type of trading account, set a login password, and submit. After submission, the account is successfully registered.
Trading Schemes:
Glofen offers five trading schemes: Silver (TRAIL) Account, Gold Account, Platinum Account, Platinum Pro Account, Diamond/Prf Account.
Silver (TRAIL) Account:
- Minimum investment amount: 500 USD
- Return rate: 1.5%
Gold Account：
- Minimum investment amount: 5,000 USD
- Return rate: 2.0%
Platinum Account：
- Minimum investment amount: 10,000 USD
- Return rate: 4.0%
Platinum Pro Account：
- Minimum investment amount: 20,000 USD
- Return rate: 4.5%
Diamond/Prf Account：
- Minimum investment amount: 100,000 USD
- Return rate: 5.0%
Trading Platform:
Glofen offers its proprietary trading platform to users.
Deposits and Withdrawals:
Glofen does not explicitly disclose the methods, fees, and minimum amounts for deposits and withdrawals on its official website.
Conclusion:
Traderknows warns investors that Glofen is actually an unregulated scam website and does not provide any contact information. Investors are advised to choose brokers who are transparent with information, strongly regulated, and have a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
