General Information & The Global FX scam
The Global FX (theglobalfx.com) launched recently. It claims regulation under Seychelles FSA. However, FSA has no listing for them. A client filed a complaint over withdrawal delays. BrokerChooser warns of no top-tier regulation.
Claimed Licenses and Regulation: The Global FX scam
The firm asserts Seychelles FSA regulation. Official FSA records dispute that claim. They operate unregulated under an offshore label. Lack of valid license poses high investor risk.
Trading Conditions
The site offers copy‑trading and social investment. It shows no info on spreads,Commission, or leverage. Withdrawal rules are vague and unclear. A client reported two‑month withdrawal freeze. This lack of transparency raises major concerns.
Trading Platform and Technology
The Global FX provides an unclear trading interface. They mention a “Client Terminal,” not MetaTrader. No screenshots or platform demo are available. That obscures trade execution and reliability.
Client Reviews and Feedback
BrokersView labels them as “SCAM” and unregulated. One user lost access to funds after using copy‑trading. Reviewscamzonline warns of fake returns and hidden fees. Social media comments mention additional fee demands.
Potential Scam Strategies
The Global FX may enforce bogus regulation claims. They lure clients with copy‑trading success stories. Then freeze withdrawals citing vague investigations. They likely impose arbitrary fees to delay payouts. These tactics align with The Global FX scam patterns.
Expert Opinion
Experts emphasize the missing regulation and license. The fake Seychelles license claim is a classic scam tactic.
Frozen withdrawals under investigation is a major warning. Overall, this broker fails all safety and transparency checks.
Conclusion
The Global FX shows many signs of a scam. It falsely claims FSA regulation while unlicensed. Withdrawal delays and lack of platform transparency alarm. Investors should completely avoid theglobalfx.com. Only trade with brokers regulated by FCA, ASIC, or CySEC.
