Global FXTM is a forex broker officially registered on February 22, 2022. This broker mainly offers its users a wide range of trading markets through its proprietary trading platform and mobile application, including Forex, stocks, indices, energy, metals, cryptocurrencies, and ETF contracts.
Company Registration Information and Regulatory Status:
Official information on the Global FXTM website indicates that the broker's corporate entity is Global FXTM Ltd, which is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with license number 176801. Additionally, Capital Teamfx Ltd was authorized by the Mauritius Financial Services Commission (FSC) as an investment dealer on October 2, 2017, and is regulated by it, with license number C17584381.
However, according to verification of its official website information, neither the Cyprus Securities and Exchange Commission (CySEC) nor the Mauritius Financial Services Commission (FSC) have regulatory registration information for this broker.
Account Opening:
To open an account with Global FXTM: navigate to the broker's official website and click "SIGN UP FOR FREE" on the homepage or "SIGN UP" in the top right corner of the website. Follow the instructions to fill in personal information such as name, email address, set a login password, and submit. Once the application is submitted, the account is successfully registered.
Trading Plans:
Global FXTM offers users four trading plans: STARTER, BASIC, PRO, and EXECUTIVE.
STARTER:
- Minimum investment: $15,000
- Maximum investment: $49,999
- Instant trading
- Provides demo trading
- Provides advanced brokers
BASIC:
- Minimum investment: $50,000
- Maximum investment: $79,999
- Instant trading
- Provides demo trading
- Provides base brokers
PRO:
- Minimum investment: $80,000
- Maximum investment: $119,999
- Instant trading
- Provides demo trading
- Provides professional brokers
EXECUTIVE:
- Minimum investment: $120,000
- Maximum investment: $150,000
- Instant trading
- Provides demo trading
- Provides executive brokers
Trading Platform:
Global FXTM provides users with a proprietary trading platform. However, the broker's official website only displays icons and does not provide actual download links. It is not possible to open related pages, and trading can only be conducted through the web-based trading platform available on the official website.
Deposits and Withdrawals:
Global FXTM supports deposits and withdrawals through local banks, e-wallets, or cryptocurrencies.
Summary:
Traderknows reminds investors that Global FXTM is an unregulated scam platform. The design and content of the broker's website are identical to those of other brokers such as Elite Stratton, Stockmarketopts, Xsharesmarketing, Vox Bit Exchange, and Stake Elites. Traderknows advises investors to choose transparent, strongly regulated, and reputable brokers for their trading activities to avoid unnecessary financial losses.
This broker is currently marked as "Suspected Scam" on Traderknows.
