This Globe Bitstrade review will analyze the broker’s operations, focusing on red flags and tips for recovering lost funds if scammed.
Globe Bitstrade Broker Overview
- Website: https://www.globebitstrade.com/
- Website Availability: YES
- Headquarters Country: Sweden
- Owned By: Globe Bitstrade
- Blacklisted by: Finansinspektionen (Sweden)
- Domain Age:
- Name: GLOBEBITSTRADE.COM
- Registry Domain ID: 2855402615_DOMAIN_COM-VRSN
- Registered On: 2024-02-15T13:04:28Z
- Expires On: 2026-02-15T13:04:28Z
- Updated On: 2025-02-14T07:33:00Z
Globe Bitstrade is described as an online cryptocurrency trading website that offers customers with investment plans that promise returns from 10% after a day to up to 80% after 30 days. It claims that it is a company based in Sweden with major trading offices at Wallingatan 2, 111 60 Stockholm, Sweden.
Signs of Warning and User Complaints
There are many warning signs surrounding Globe Bitstrade. The platform offers quite a crazy return within a very short time-a feature of scam investments. Also, the company’s website domain was recently registered on February 15, 2024, which indicates a newly established setup. Then it has failed to be transparent about its team members and the regulatory compliance. It would appear that no particular user complaints have been found in the available resources, but all these factors raise a very big red flag regarding the legitimacy of this platform.
Finansinspektionen Warned Globe Bitstrade
The warning from Finansinspektionen (FI), took place on March 28, 2025, upon issuing a warning against Globe Bitstrade. According to FI, the company is neither permitted under any circumstances to perform securities business or any other financial service in Sweden nor be under FI supervision. It has found no evidence of legitimacy in Globe Bitstrade during its investigation.
New Domain Registration
The domain globebitstrade.com was registered on February 15, 2024. With so fresh registration, high returns promised by the platform, and no regulatory authorization, Globe Bitstrade is representative of a fraudulent operation.
Due to these reasons, all potential investors must stay alert and exercise complete caution while going through the research before investing in Globe Bitstrade or other platforms.
Avoid These Popular Online and Financial Scams
Scammers have various ways to get into the minds of people and take away money from them. Here’s the list of scams:
- WhatsApp Scams: Scammers pretend to be officials, friends, or investment consultants. Their task is to lead the victim to invest in fake schemes or attempt phishing.
- Telegram Scams: Scammers create bogus groups and pose as real businesses to promote fraudulent investments, fake giveaways, and Ponzi schemes.
- Ponzi Scams: Their promise is of high returns and low risk, which is paid by new investors to earlier ones until the scheme collapses.
- NFT Scams: Scammers create bogus NFT projects, artificially inflate the price of NFTs, or simply dupe buyers into purchasing worthless digital collectibles.
- Amazon Scams: Fake Amazon representatives trick users into leaking personal details via fake order confirmation emails, refund scams, or phishing websites.
Is Globe Bitstrade Broker Legitimate?
Using the following aspects, we try to confirm the legitimacy of Globe Bitstrade Broker:
- Regulation Status: Legitimate brokers are regulated by the SEC, FCA, or ASIC. The lack of regulatory information is a big red flag.
- User Reviews and Complaints: Complaints from dozens of investors regarding lost funds and withdrawal issues point to scamming.
- Transparency and Credibility: Lack of company data, hidden fees, and misleading terms are signs of fraud.
How to Get Funds Back from Globe Bitstrade Broker?
If you got scammed by Globe Bitstrade Broker, these steps might help you recover your funds:
- Report to Your Bank or Payment Provider: Refer to transactions made without your permission and file a chargeback request.
- Collect All Evidence: All communications, transaction receipts, and screenshots should be consolidated as proof of the scam.
- Complaint Registration with Financial Authorities: Report the scam to the regulator within your country.
- Consider Seeking Professional Help: Recovery experts can follow the money trail and launch a lawsuit against the fraudulent brokers.
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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Stay informed and trade wisely!