The online trading market is filled with potential, but not every broker meets that potential. A name you are likely hearing about and seeing for all of the wrong reasons is Globalfxcs. In this Globalfxcs review, we will dive into why this broker is ringing alarm bells and what traders need to know. So read on before you invest your hard-earned money.
Globalfxcs Broker Overview
- Website: globalfxcs.com
- Website Availability: Yes
- Blacklisted by: Financial Conduct Authority
FCA Warning
The Financial Conduct Authority (FCA), a well-known body regulator in the UK, has publicly issued a warning against Globalfxcs, informing potential interested parties. In regulatory circles, this warning holds significance because it means that the broker operates without legal compliance and users’ funds are at risk.
Regulatory Red Flag by FCA
The Financial Conduct Authority (FCA) has formally cautioned against Globalfxcs, as the broker is not authorized to provide financial services in the UK. Warnings of this nature are regulatory warnings and usually provide investors with a clear signal to avoid the firm.
User Reviews Paint a Grim Picture
ScamAdviser Trust Score: 1/100
ScamAdviser, a popular scam detection-related website, rated Globalfxcs a very low trust score of 1 out of 100. This independently suggested that given such a low trust score, something is likely wrong.
Mixed Glassdoor Ratings
Globalfxcs has a 3.5-star rating on Glassdoor. While that may seem to net an average rating, most of the reviews are negative-primarily former employees highlighting company morals and lack of customer transparency.
Trustpilot Complaints
Numerous individuals shared their painful experiences on Trustpilot. One individual stated:
“I should have known, there is no one that consistently delivers 12% week-in-week-out. My bad. Rose Lane GP did not judge, they assessed and initiated recovery.”
Promises of high, consistent weekly returns are indications of a fraudulent investment scheme and many investors found they fell into traps of unreasonable expectations.
Red Flags Identified in This Globalfxcs Review
- Unregulated (FCA has highlighted that)
- Unrealistic promises of returns (for example, 12% weekly return)
- Low ScamAdviser Trust Score: 1/100
- Negative reviews from users and employees
Compared to Globalyo reviews, there is clear evidence of bad customer service, unrealistic promotions, and a lack of communication from support.
Frequently Asked Questions (FAQ)
Is Globalfxcs a safe site?
No, it appears Globalfxcs is unsafe based on warnings from regulatory authorities and the experiences from users.
What sort of returns does Globalfxcs guarantee?
From what we can see some users mentioned returns of 12% weekly which is typically an indicator of a fraudulent investment.
Are there better alternatives?
Yes. Always utilize brokers that are regulated and that clearly communicate business practices. Conduct your due diligence and be cautious at the same time.
How to Recover Funds from Scam Brokers
If you’ve lost money to Globalfxcs, don’t panic -recovery is possible. Start by gathering all relevant documentation, including transaction records, emails, and chat logs. Then, contact Fraud Recovery Experts, a trusted recovery service that specializes in helping scam victims reclaim their funds. Our experienced team offers legal guidance and hands-on support throughout the process. Don’t let scammers win – contact us today and take the first step toward getting your money back.
For updates and discussions, follow us on:
Stay informed and trade wisely!