GlimTrendOptions is a CFD broker whose official website domain was registered on November 10, 2023. This broker mainly offers investment services in trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries or regions where doing so might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on the GlimTrendOptions (www.glimtrendoptions.com) website, the broker was established in 2016, claiming its corporate entity as ASN and regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed specific details regarding its company registration or regulatory information.
Upon investigation, the Australian Securities and Investments Commission (ASIC) does not list a regulated company named "ASN."
Therefore, GlimTrendOptions (www.glimtrendoptions.com) is essentially an unregulated fraudulent broker website.
Account Opening Process
The process to open a GlimTrendOptions trading account involves navigating to the broker's website, clicking on "Open Account" on the homepage or "SIGN UP" at the top right of the page to access the account registration page. You then complete the required personal information, including name and email address, set a login password, and submit the form. After account verification, registration will be successful.
Trading Products
GlimTrendOptions offers 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 currency fluctuations.
- Indices: Index trading enables speculation on the overall market or specific sector performance, without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities and leverage for potential gains.
- Commodities: Commodity trading covers essential resources in the global market, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to participate in price movements based on public company performance, earning from price changes and dividends without owning stocks.
- Cryptocurrencies: Cryptocurrency trading provides opportunities for digital currency enthusiasts to profit from highly volatile assets.
Trading Accounts
The GlimTrendOptions website does not disclose information regarding account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade volume, maximum position/order volume, or minimum price increments. The absence of these critical trading parameters may lead to risk assessment difficulties and cost transparency issues.
Trading Platform
GlimTrendOptions offers a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over 12,000 orders executed per second from comprehensive liquidity providers. However, the download link redirects to the MT4 trading platform, where the broker's existence cannot be verified.
Deposits and Withdrawals
GlimTrendOptions does not support deposits and withdrawals via credit/debit cards or bank wire transfers, only allowing transactions through cryptocurrency.
Conclusion:
Traderknows reminds investors that GlimTrendOptions is actually a scam broker website with 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.
