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Global-Solution Review: Avoid This Scam Broker at All Costs
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Global-Solution Review, When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification.
Then you will know if they are regulated or not. And as you might have guessed Global-Solution is not a regulated broker.
Global-Solution invites you to join their platform and journey together towards a better financial future. And they are presented as a reliable broker, offering forex pairs and CFDs on over 200 assets, including digital currencies, commodities, shares, and indices, with a choice of seven account types, leverage as high as 1:100, and a web-based platform.
And this could have been a perfectly legit and attractive offer if only Global-Solution was a legit and regulated broker, and the Financial Conduct Authority (FCA) in London had not issued a warning against the website for obviously trying to scam traders.
|Headquarters||Cnr Old and Church Street, P.O. Box 2290, Roseau, Commonwealth of Dominica|
|Review Rating||1 out of 5|
Regulation of Global-Solution and Funds Security
We already said that Global-Solution isn’t regulated. They are nothing but an unregulated website, which has already been exposed as a scam, by the financial authorities in the UK. Global-Solution is allegedly headquartered in the Commonwealth of Dominica, a shady tax haven that’s not at the least transparent.
The companies registered there are anonymous, and it’s too challenging to find anything about the people standing behind them. FSU, the local financial authority, does not even bother to regulate its Forex market, so the Dominican brokers operate under no supervision.
The absence of control and regulation makes them risky to deal with because they can be involved in fraudulent or other criminal activities, thus inflicting harm on the clients. So with that being said you should stay away from this broker and many others alike.
Global-Solution Trading Software Reviews
Global-Solution’s trading software is presented as a top-notch platform, but that can’t be further from the truth. It’s a web-based terminal named Webtrader, which we’ve seen many times before. It’s unreliable, having too few indicators, not enough charting tools, and no advanced features whatsoever.
The EUR/USD spread is 3 pips, which is no longer a competitive Buy/Sell difference, so Global-Solution’s services are costly, which is a good reason alone to stay away. The spread forms some trading costs, so the lower it is, the better for traders.
What Account Types Does Global-Solution Offer?
When it comes to account types Global-Solution has many. They offer seven different types of accounts. Types of accounts that Global-Solution offers:
- Basic: The deposit range for this account type is from $250 to $5,000. Traders are given access to more than 100 types of assets.
- Bronze: The deposit range for this account is from $5,001 to $15,000. Traders are given access to more than 100 types of assets.
- Silver: The deposit range for this account is from $15,001 to $50,000. Traders are given access to more than 300 types of assets.
- Gold: The deposit range for this account is from $50,001 to $150,000. Traders are given access to more than 500 types of assets.
- Platinum: The deposit range for this account is from $150,001 to $500,000. Traders are given access to more than 1,000 types of assets.
- Diamond: The deposit range for this account is from $500,000 to $1 million.
- Black: For this account, the minimum deposit to be made is $1 million. Traders are given access to more than 5,000 types of assets.
What Can Be Traded on Global-Solution Market?
On their web-based platform, they offer five different types of trading. First, you can trade with forex. You can also trade commodities and indices. On top of that, you can trade shares and even cryptocurrencies.
All of this is great and even some top brokers don’t offer this many trading options. That being said, we can’t trust anything they say because they are not regulated.
How Can I Get a Refund If Global-Solution Scammed Me?
Unfortunately, no one is immune to scams. If this unfortunately happens, the first thing to do is to protect yourself from further risk. Contact your bank and explain what happened to you so that they can give you instructions and help you, if possible, recover your money.
Remember, it’s crucial not to rush blindly trying to recover your funds because many scam chargeback agencies and individuals are trying to double scam the victims. They ask for upfront payment, and take the money but won’t do anything to help you.
Global-Solution Deposit and Withdrawal Process
As we said the minimum deposit is $250. This is okay but many regulated brokers would open up an account for just $5 or $10. The funding methods are supposedly Credit/Debit cards, Wire Transfers, and e-wallets.
The minimum withdrawal amount depends on many factors, including transfer methods and bonuses, if accepted. According to the clauses, a minimum withdrawal is $250 for Wire Transfers and $100 for other methods. The other methods are cheaper, but not as much- $25 plus another $10 processing fee.
However, the broker will eat another 10% of the sum of traders who do not meet the minimum trading requirements which are 200 in turnover. This all just tells you that you are dealing with a scammer.
In this Global-Solution review, we tried our best to warn you about how this scammer operates and how dangerous it can be to deal with them.
This scam broker not only lies about its address but also has no license and follows no regulations, therefore, posing a big threat to your funds and personal data.
They allegedly allow their clients to invest in forex, crypto, indices, and shares, but in reality, what they are doing is just stealing your money. All in all the best thing you can do is to stay away from them as far away as you can.
FAQs About Global-Solution Broker
Is Global-Solution A Good Broker?
No, they are the opposite of that.
What Are The Funding Methods For Global-Solution?
The funding methods are supposedly Credit/Debit cards, Wire Transfers, and e-wallets.
Does Global-Solution Offer a Demo Account?
Global-Solutions offers 7 different types of accounts, but they don’t have a demo account.