Globaltraderenovate is a foreign exchange broker officially registered on August 13, 2023. This broker primarily provides users with a wide range of trading markets through its proprietary trading platform and mobile applications, including forex, stocks, indices, energy, metals, cryptocurrencies, and ETF contracts for differences (CFDs).
Corporate Registration Information and Regulatory Status:
Public information on the Globaltraderenovate official website reveals that the broker has multiple corporate entities under its umbrella, regulated by several regulatory bodies. Among them, Globaltraderenovate Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with a license number of 177805. Globaltraderenovate (registration number HRB169257B) is a designated agent of Globaltraderenovate Ltd in Germany registered with the Federal Financial Supervisory Authority (BaFin). Additionally, this broker has been authorized by the Mauritius Financial Services Commission (FSC) as an investment dealer on October 2, 2017, and regulated by it, with a license number of C175894381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with a license number of SD055.
According to verification of its publicly disclosed information, the Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Mauritius Financial Services Commission (FSC), and the Seychelles Financial Services Authority (FSA) have not found regulatory information about this broker.
Account Opening:
To open an account with Globaltraderenovate: visit the broker's official website, click "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 up a login password and submit. The account will be successfully registered after submission.
Trading Plans:
Globaltraderenovate offers users four trading plans: STARTER, BASIC, PRO, EXECUTIVE.
STARTER:
- Minimum investment amount: $500
- Maximum investment amount: $1,000
- Investment return rate: 6.50%
- Overnight interest every three days
- Trading cycle: 21 days
- Double bonus daily
- Instant trading methods: Copy trading/trading robots
- Provides simulated trading
- Provides advanced brokers
BASIC:
- Minimum investment amount: $1,500
- Maximum investment amount: $4,000
- Investment return rate: 10.50%
- Overnight interest every three days
- Trading cycle: 21 days
- Bonus sent via electronic wallet
- Instant trading methods: Copy trading/trading robots
- Provides simulated trading
- Provides basic brokers
PRO:
- Minimum investment amount: $5,000
- Maximum investment amount: $9,000
- Investment return rate: 15.50%
- Weekly overnight interest
- Trading cycle: 1 month
- Exclusive daily bonus
- Instant trading methods: Copy trading/trading robots
- Provides simulated trading
- Provides professional brokers
EXECUTIVE:
- Minimum investment amount: $10,000
- Maximum investment amount: $50,000
- Investment return rate: 20.30%
- Weekly overnight interest
- Trading cycle: 1 month
- Advanced daily bonus
- Instant trading methods: Copy trading/API keys
- Provides simulated trading
- Provides executive brokers (experts)
Trading Platform:
Globaltraderenovate provides users with a proprietary trading platform.
Deposits and Withdrawals:
Globaltraderenovate supports deposits and withdrawals through local banks, electronic wallets, or cryptocurrencies, among other methods.
Summary:
Traderknows reminds investors that Globaltraderenovate is a scam platform providing false regulatory information and lures investors with so-called high returns on investment. Traderknows advises investors to choose brokers with transparent information, strong regulation, and a good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "pig butchering scam" on Traderknows.
