Warning: Is Global FX Trade a Scam?

Global FX Trade (global-fx-trade.com) Review

Global FX Trade (global-fx-trade.com) has been identified as a potential scam broker.

We found that it is located at 294 West 57th Street #289, New York, NY 10019, the phone number is '+16616376459, and the support email is theglobalfxtrade@gmail.com.

Global FX Trade appears to be a investment platform, but it appears unregulated by any major authority, like the ASIC or CySEC.

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Regulatory Check: Global FX Trade

The major issue is that Global FX Trade (global-fx-trade.com) is unauthorized from a credible authority.

Investing with unlicensed entities is highly dangerous. Legitimate firms are always licensed with agencies like the FINRA or FCA for your protection.

Global FX Trade operates without this supervision. As a result, there is no safety net if they steal your funds. Most online scams involve unregulated actors, and getting back funds from them is challenging without professional assistance.

For example, in Europe, unlicensed firms are not covered by the Financial Ombudsman. In America, they are not members of SIPC, meaning your money is at risk.

How They Steal Money

Investment fraud is evolving. Fraudsters use psychological tricks to take your savings. Here are typical methods seen in sites similar to Global FX Trade (global-fx-trade.com).

Dating App Scams

"Pig Butchering" is a common tactic where scammers groom victims over months. They fake a relationship online. Once trust is built, they introduce a "lucrative" investment. It is a lie to lure you onto a scam site like Global FX Trade.

Rigged Platforms

Scammers create websites that look exactly like real trading apps. You see graphs and profits that increase. But it is a simulation. The scammer manipulates the numbers to make you feel rich to deposit more. When you try to withdraw, the "profits" disappear.

Red Flags

• Unsolicited Contact: They call you from "brokers" you don't know.
• No License: The company has no authorization.
• High Returns: They promise huge profits with no risk.
• Withdrawal Issues: They refuse withdrawals. They demand "tax fees" first.
• Aggressive Sales: "Account managers" push you to invest bigger amounts.

Do not trust fake reviews. Fraudulent brokers often write their own 5-star reviews to appear real.

Final Thoughts

Our verdict is to block Global FX Trade. It is likely a scam. Protect your money and find a regulated broker. Avoid global-fx-trade.com at all costs.