GLOBAL FX is a forex broker website that appears to be associated with J&M Global Company LTD, a company listed on the warning list in the UK as of March 4, 2023. GLOBAL FX primarily offers financial trading services to traders in precious metals, contracts for difference, and other financial instruments. The official website of this broker is https://jmgfinfx.com, and it primarily supports traditional Chinese language services. GLOBAL FX does not provide services to residents of any country or jurisdiction that may violate local laws or regulations.
Corporate Background and Regulatory Status:
Global FX publicly states on its website that it has no affiliation with Global Digital Finance, a company listed on the UK warning list as of March 4, 2023. However, in reality, the official website of this broker closely resembles that of Global Digital Finance, with both website design and business operations being highly similar. Furthermore, the company information and contact details published on the Global FX website are identical to those of Global Digital Finance. It is important to note that Global Digital Finance, registered in Canada as J&M Global Company Ltd, is not subject to legitimate regulatory oversight in the forex trading and brokerage industry.
Additionally, the FINTRAC website in Canada shows that J&M Global Company Ltd is registered at https://www.globalfinfx.com, rather than https://jmgfinfx.com. This suggests that GLOBAL FX is a clone website of Global Digital Finance. It is also possible that GLOBAL FX was created with a different domain after receiving a warning from the UK Financial Conduct Authority (FCA) in an attempt to continue its operations while trying to deceive traders.
Account Types:
GLOBAL FX offers real and demo accounts to users.
Trading Platform:
GLOBAL FX provides the MT4 trading platform to users, but during the actual download process, it is found that what is downloaded is MT5. In the MT4 trading platform, there is no mention of a broker named Global FX, while MT5 does have a company with the same name, even though the two brokers' official websites do not match.
Deposits and Withdrawals:
GLOBAL FX does not publicly disclose the methods or specific steps for making deposits and withdrawals on its website.
Customer Support:
GLOBAL FX is a clone website of Global Digital Finance, and its contact information is actually that of Global Digital Finance.
In Summary:
Traderknows warns investors that GLOBAL FX is a clone website of Global Digital Finance, and all information is taken from Global Digital Finance, which itself is an unregulated contract for difference broker. When trading, investors should choose well-established platforms with legal regulation and good reputations to avoid potential financial losses. Currently, this broker is marked as "illegally operating" on Traderknows.
