Is GLE Markets a scam or legit broker? Read GLE Markets Review
At first glance, GLE Markets appears to be a trustworthy broker. Its website, https://glemarkets.com/ seems to be attractive and guarantees security and dependability. But this is an unlicensed business that advertises terms that no broker in the same country as GLE Markets could offer.
GLE Markets is based in Saint Vincent and Grenadines and the United Kingdom. Its address is First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown Street, Saint Vincent, and the Grenadines & 1 Canada Square, London E14 5AX, United Kingdom.
The fact that this firm offers rewards and very high leverage to traders violates several important UK legislation. Furthermore, they don’t appear to be currently subject to regulation by the FCA, the UK’s financial authority.
Its main objective is luring consumers from Europe, and it mainly targets FX traders. To appeal to investors having different priorities, the broker also provides CFDs on a wide range of diverse assets.
The 100% deposit bonus may also be of interest to you. Given that it is practically the same as receiving gifts of money, we don’t need to justify why we prefer that. Additionally, it non-intrusively promotes bigger investment costs, which we also value from the perspective of the client experience.
The Financial Services and Markets Authority (Belgium) placed the broker on a blacklist for providing financial services without a license. It is yet another sign to avoid this broker.
Possible scam activities of GLE Markets
Forex trading scams, Binary OPtions trading scams, Cryptocurrency trading scams and other investment trading scams are harder to spot. But there are some signs.
Here are some of the very possible reasons why we have flagged this broker as a scam broker in this GLE Markets review.
- The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
- The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
- The broker may have made a number of false claims through its website.
- The broker promises returns that are too good to be true.
- The risk warnings may not be disclosed on their webpage or would be hidden.
- The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
- The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
- This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.
Negative GLE Markets Reviews and Complaints
GLE Markets has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.
Example of Negative GLE Markets Review
After Searching internet you will find many negative GLE Markets Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and GLE Markets reviews are negative. Instead we recommend looking for regulated and reputed brokers who can really help in growing your investments.
Scammed by GLE Markets? How to get your lost money back from GLE Markets?
The best solution recommended for getting your lost money back from GLE Markets is Report Scam Community
It is one of the few legit recovery assistance organizations which are actually concerned with a victim’s recovery from losses. They are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free Consultation and anyone can register by filling a very short complaint form.
GLE Markets Review: Conclusion
To begin with, GLE Markets is a mysterious site that needs validity. It isn’t authorized to offer trading services as it does not hold any valid license and is targeting clients of different nations. So, we advise you to stay away from a such brokers as your money may be at high risk with them.
Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions. These small details will prevent you to become a victim of broker scams.
To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.
Facebook Page – Visit – ReportScam Community
Twitter – Report Scam Forum
Instagram – Reportscamcommunity
Note: Report Scam Community has conducted many researches before flagging GLE Markets as a possible scam in this GLE Markets Review.Are you planning to trade with GLE Markets and invest your money? Report Scam suggests you to read this GLE Markets Review first.
Report Scam! as we have experience!