Global Piq Traders Ltd is a CFD broker registered on March 13, 2024. It primarily offers investment services in foreign exchange, cryptocurrencies, indices, stocks, energy, and commodities. The broker does not provide services to countries and regions where doing so would violate local laws or regulations.
Corporate Registration and Regulatory Status
According to the publicly available information on its website (www.globalpiqtraders.com), Global Piq Traders Ltd was established in 2016 and is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed its corporate registration information or detailed regulatory details.
Upon investigation, the Australian Securities and Investments Commission (ASIC) has no record of a regulated company named "Global Piq Traders Ltd."
Therefore, Global Piq Traders Ltd (www.globalpiqtraders.com) is effectively a fraudulent broker website with neither corporate entity nor any form of regulation.
Account Opening Process
To open a trading account with Global Piq Traders Ltd, visit the broker's website and click the "Open Account" or "REGISTER" button on the top-right corner of the homepage. Fill in your personal information such as name and email address, set a password, and submit. Following account verification, the registration process is complete.
Trading Instruments:
Global Piq Traders Ltd offers a variety of trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from fluctuations in exchange rates.
- Indices: Index trading enables speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, various trading opportunities can be discovered, potentially enhancing profits through high leverage.
- Commodities: Commodity trading covers key global market resources, allowing traders to buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to capitalize on the price fluctuations of public companies' shares and dividends based on company performance without actual stock ownership.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from the highly volatile nature of these assets.
Investment Plans
Global Piq Traders Ltd offers four different types of investment plans: BRONZE ACCOUNT, SILVER ACCOUNT, GOLD ACCOUNT, PLATINUM ACCOUNT.
BRONZE ACCOUNT:
- Minimum deposit: £1,000
- Expected maximum deposit: £2,999
- 24/7 customer service
- Trader education*
- Risk management
- Tax-free spread profits
SILVER ACCOUNT:
- Minimum deposit: £3,000
- Expected maximum deposit: £4,999
- 24/7 customer service
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread profits
GOLD ACCOUNT:
- Minimum deposit: £5,000
- Expected maximum deposit: £9,999
- 24/7 customer service
- Full range of benefits
- Trader education*
- Advanced risk management
- Tax-free spread profits
PLATINUM ACCOUNT:
- Minimum deposit: £10,000
- Expected maximum deposit: £100,000
- 24/7 customer service
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- Around-the-clock support
- Advanced trading tools
- Bitcoin-only payments
- Use any broker
Trading Platform
Global Piq Traders Ltd provides its self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, supported by a comprehensive liquidity provider network, and executing over 12,000 orders per second.
Deposits and Withdrawals
Global Piq Traders Ltd supports deposits and withdrawals exclusively through cryptocurrencies.
Conclusion:
Traderknows reminds investors that Global Piq Traders Ltd is a fraudulent broker that lures investors with promises of high returns. In reality, it has no corporate entity or regulatory oversight. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
