Globalbtcwallet.com is an online crypto broker that claims to offer trading services on a wide range of financial instruments. However, there have been numerous allegations of fraud and scamming against them. As such, this review aims to delve into all the aspects of this company to determine if it is a scam or legitimate.
Overview
Globalbtcwallet.com is an online broker that deals with cryptocurrency trading. The company is relatively new in the industry and has not gained much popularity in the trading community. Globalbtcwallet.com has been alleged as a scam broker, and it is advisable always to read reviews before investing. Their website shows that they have a user-friendly platform that allows traders to access various trading markets.
Is Globalbtcwallet.com Regulated?
One significant way of identifying a fraudulent company is by checking if the broker is regulated by financial regulatory bodies. Globalbtcwallet.com is an unregulated broker, meaning there is no oversight from any financial regulatory body. Additionally, they do not have any licenses or permits that enable them to offer trading services. Therefore, the trader is sometimes left with no protection, and the broker is at liberty to run away with the trader’s money.
Warnings From Financial Regulators
Because of their lack of regulation, financial regulatory bodies such as the Financial Conduct Authority (FCA) have issued warnings to the public, advising them to be cautious when dealing with Globalbtcwallet.com. The financial regulator claims that the broker has been operating in the UK market without proper authorization. Swiss Financial Market Supervisory Authority (FINMA) and Australian Securities and Exchange Commission (ASIC) have also issued warnings against them.
What Currency Pairs Do They Offer?
Globalbtcwallet.com offers a wide range of currency pairs such as EUR/USD, USD/JPY, and GBP/USD. They also provide crypto trading pairs such as Bitcoin, Litecoin, and Ethereum. It is important to note that some traders have raised concerns about the spreads provided by the broker. The spreads are said to be quite high, which may lead to significant losses for traders.
Customer Support
Globalbtcwallet.com claims to offer excellent customer support services, including 24/7 live chat, email support, and phone support. However, some traders have claimed that the customer support team is unresponsive and non-helpful.
Trading Platform
Globalbtcwallet.com provides a web-based trading platform that enables traders to access trading markets from anywhere with an internet connection. The platform has a user-friendly interface, and traders can easily navigate it even if they are new in the trading industry. The platform comes equipped with analysis tools to aid traders in making informed trading decisions.
What Do Traders Think About Globalbtcwallet.com?
The general consensus among traders is that globalbtcwallet.com is a scam broker. Many traders have reported that they have lost their funds, and the broker is unresponsive to their complaints. The vast majority of reviews from trading forums, trust pilots, and other review websites describe the broker as a scammer. This should serve as a warning sign for traders who are considering investing with them.
What To Do If You Get Scammed?
In case you get scammed by Globalbtcwallet.com or any unregulated broker, you should seek legal and financial counsel immediately. It is important to report the scam to the relevant authorities, including the FCA. Additionally, you should not invest more than you are willing to lose in the trading markets.
Also, you should contact us to get a quick response. We will analyze your case and will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
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Final Thought
Globalbtcwallet.com is an unregulated broker that has been accused of scamming traders. The financial regulatory bodies have issued warnings against them, and traders have reported significant losses due to their operations. Therefore, it is advisable to avoid them and choose a regulated broker with a good reputation for safe and secure trading.
