Global Xtips is a CFD broker with a domain name registered on October 9, 2023. The broker primarily provides investors with trading services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. However, it does not offer services in countries and regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the Global Xtips (globalxtips.live) website indicates that the broker was established in 2016, claiming to be under the entity VLS and regulated by the Australian Securities and Investments Commission (ASIC). Apart from this, the broker has not disclosed any registration information or detailed regulatory information about the company entity.
Upon verification, "VLS" was not found as a regulated company with the Australian Securities and Investments Commission (ASIC).
Therefore, Global Xtips (globalxtips.live) is effectively a fraudulent broker website with no entity or regulation.
Account Opening Process
The account opening process for a Global Xtips trading account involves: visiting the broker's website, clicking on "Open Account" on the homepage or "SIGN UP" at the top right corner to access the account registration page, filling in personal information such as name and email, setting a login password, and submitting the form. Once confirmed, the account registration can be completed successfully.
Trading Instruments
Global Xtips offers clients 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 exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks, exploring popular indices to discover diverse trading opportunities, and taking advantage of high leverage to maximize potential returns.
- Commodities: Commodity trading covers essential resources in global markets, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to participate in the price fluctuations of public companies, earning from price changes and dividends based on company performance without actual stock ownership.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
Global Xtips offers four types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: £500
- Minimum expected profit: £3,500
- Maximum expected profit: £5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Minimum expected profit: £45,000
- Maximum expected profit: £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: £10,000
- Minimum expected profit: £99,999
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Usable with any broker
Trading Platform
Global Xtips offers its users a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds with a comprehensive liquidity provider and over 12,000 orders executed per second.
Deposits and Withdrawals
Global Xtips only supports deposits and withdrawals via cryptocurrency.
Conclusion:
Traderknows reminds investors that Global Xtips is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
