Global Finance FX is a forex broker whose official website domain was registered on June 21, 2022. It mainly provides investors with financial derivative trading services such as forex, stocks, indices, energy, metals, and ETF contracts for difference (CFD). This broker does not offer services to jurisdictions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
Public information on the Global Finance FX official website shows that the broker comprises multiple corporate entities, regulated by several regulatory bodies. Global Finance FX Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with the license number 1780019. Global Finance FX (registration number HRB11677B) is a designated agent of Ultra Booster Trade Ltd registered with the Federal Financial Supervisory Authority (BaFin) in Germany. Additionally, this broker was authorized by the Financial Services Commission (FSC) of Mauritius as an investment dealer on October 2, 2017, under license number C17554381. TVH Ltd is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with the license number SD0175.
According to verification of its public information on the official website, the Cyprus Securities and Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin), the Financial Services Commission (FSC) of Mauritius, and the Financial Services Authority (FSA) of Seychelles have not found any regulatory registration information for this broker.
Account Opening:
To open an account with Global Finance FX: Visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” at the top right corner of the webpage to enter the account registration page. Fill in personal information such as name and email address, set a login password, and submit. Once the application is submitted, the account will be successfully registered.
Account Types:
Global Finance FX offers a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, its official website does not disclose relevant information such as spreads, trading leverage, margin levels for calls/stop-outs, contract sizes, as well as trading commissions, minimum/maximum trade sizes, maximum positions/orders, and minimum price precision.
Trading Platform:
Global Finance FX provides users with a proprietary trading platform.
Deposits and Withdrawals:
Global Finance FX supports deposits and withdrawals through local banks, e-wallets, or cryptocurrencies.
Summary:
Traderknows reminds investors that Global Finance FX is a scam platform providing false regulatory information, with its website design and content identical to those of brokers such as Sterling Asset, FS Main, Venus Mining, Upfront Fx Trade, Safe Invest Trades, and Reliable Bitcoin Mining. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities to avoid unnecessary losses to their assets.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
