Beware! Globalexclusivemarkets.com is an offshore broker! Your investment may be at risk.

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Globalexclusivemarkets.com wants us to believe it represents an award-winning and strictly regulated forex and CFD broker. But even a basic fact check reveals that these claims are a lie. Globalexclusivemarkets.com could only be useful for one thing – providing us with a graphic example of how to spot online scams and fake brokers.

Globalexclusivemarkets.com Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Globalexclusivemarkets.com
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

If a financial services provider is legitimate, you will find on its website clear and detailed information about the company that owns and operates it, where it is based, and what licences it has. Genuine brokers also provide access to a comprehensive set of legal documentation. The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

Globalexclusivemarkets.com claims that the companies behind this website, Exclusive Markets Ltd and Exclusive Markets (Cyprus) Ltd , are licensed by Cyprus Securities and Exchange Commission (CySEC) and by the Financial Services Authority of the Seychelles (FSA).

But we find no such broker in the Cyprus regulator’s register, and the FSA specifically warns that Globalexclusivemarkets.com is not affiliated with a licensed company.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.

Instead, it is advisable to approach one of the licensed brokers that are truly regulated by institutions such as CySEC. They must maintain a minimum net capital of at least EUR 730 000, which guarantees that the company is financially stable and has a serious long-term approach. When clients deposit money in their trading accounts, they are kept segregated from the broker’s operating funds in separate bank accounts. Thus the clients’ money remains shielded in case of mishaps like a broker’s bankruptcy.

All brokers licensed in Cyprus and other EU countries are members of the Investor Compensation Fund, which may cover a maximum of EUR 20,000 per person in the event of broker insolvency. EU forex brokers are required to report their clients’ transactions on a regular basis. This requirement is designed to improve investor protection and promote market integrity and transparency.

Globalexclusivemarkets.com Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Globalexclusivemarkets.com platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

The website promises the two most popular trading platforms in the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). But nowhere did we find links to download the software, and at the time of writing this review the new account registration form was not functional. Because of this, we were not able to determine if Globalexclusivemarkets.com has any trading software.

There are plenty of legitimate, regulated brokers who enable their clients to take advantage of MT4 and MT5‘s capabilities. These platforms have established themselves as leaders because they offer a wide range of features, including a wide variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Globalexclusivemarkets.com Trading instruments

CurrencyStocksIndicesCryptoCommodities
Globalexclusivemarkets.com
XMYesYesYesNoYes
FBSYesYesYesYesYes
FXTMYesYesYesYesYes

Globalexclusivemarkets.com claims to offer trading in forex, indices, ETFs, bonds, commodities, stocks and cryptocurrencies. But we have no good reason to believe this fishy website offers real trading.

Globalexclusivemarkets.com Spreads and cost of trading

Globalexclusivemarkets.comXMFBSFXTM
Spread EURUSD1.50.611.1
Spread GBPUSD1.51.31.21.4
Spread USDJPY1.51.31.21.4

The descriptions of the trading account types promise an industry standard spread of 1.5 pips. But again, we must emphasise that this website full of false information cannot facilitate trading in financial instruments.

Globalexclusivemarkets.com Maximum leverage

ForexStocksCryptoGoldIndices
Globalexclusivemarkets.com
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

Globalexclusivemarkets.co provides no information on one of the main parameters of trading, leverage. High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

Globalexclusivemarkets.com Deposit and withdrawal methods

Due to our inability to register an account, we were unable to ascertain what payment methods Globalexclusivemarkets.com uses. Experience has shown that fraudsters direct their potential victims to cryptocurrency transactions that do not allow refunds to be requested.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

Globalexclusivemarkets.com Minimum deposit

Globalexclusivemarkets.comXMFBSFXTM
Minimum deposit$250$5$10$5

Globalexclusivemarkets.com specifies a minimum deposit of 250 USD, which is the industry standard. But this means that for the same amount you could open a trading account with an established and duly licensed forex broker. Some of the leading brands in the industry offer Micro and Cent accounts with a very low entry threshold that are suitable for novice investors.

Globalexclusivemarkets.com Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Globalexclusivemarkets.comNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

Since Globalexclusivemarkets.com  does not provide proper legal documentation, it is unclear what traps the fraudsters may have set. Typically, fake brokers make withdrawing money impossible through huge fees and impossible-to-fulfil traded volume conditions.

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