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Operating status: SCAM
Website: https://global-fx-trade.com/
On 16 Feb 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Global FX Trade is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/global-fx-trade-advisers-corporation
Global FX Trade claims to be a regulated broker under multiple regulations including the United Kingdom Financial Conduct Authority (UK FCA), the Polish Financial Supervision Authority (PFSA or KNF), and Capital Markets Board of Turkey (CMB).
We searched KNF and CMB, but did not find any results that matched this broker. That means Global FX Trade is not authorized by KNF or CMB to provide financial services.
Moreover, UK FCA issued a warning that Global FX Trade is providing financial services or products in the UK without authorisation.
The truth is that Global FX Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
BrokersView found the domain "https://global-fx-trade.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
On May 8, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Global FX Trade to its warning list for it providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=1
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