Overview of Global Alliance Review:
Global Alliance cleverly hides its scam behind its well-built website built-in with advanced features. The company purports irresistible trading conditions, beneficial bonuses, and offers for the customers. The company, like every other scam broker, claims to be one of the leading brokerage firms in the industry. However, all of their claims were soon proved to be completely false as we came to know that several regulators have issued warnings and blacklisted Global Alliance. Read our detailed review on the Global Alliance scam to know more about it.
About Global Alliance:
In this section, we will be specifically reviewing all the demands and offers put forward by Global Alliance. We will be planting the red flags as well.
Global Alliance Regulation:
Global Alliance claims to be operated out of three different places, namely, the United Kingdom, Europe, and Saint Lucia. Despite being present at three different locations, the company fails to acquire at least one license from any of the regulators. This is certainly suspicious as a company that is claiming to be famous must have many licenses from top-tier regulators around the world. The Financial Conduct Authority or the FCA of the UK, which is considered as one of the top tier regulators around the world has not issued a license to Global Alliance despite the company being operated there. This certainly raises a red flag against Global Alliance.
Furthermore, Global Alliance also has been blacklisted by Belgium’s Financial Services and Market Authority or the FSMA and Netherlands Authority for Financial Markets. Being Blacklisted by two regulators is enough to prove that there is something fishy about this company.
Global Alliance Minimum deposits, Leverage, and Spreads:
Despite pretending to be a legitimate brokerage, this is where they went wrong. Global Alliance demands a minimum deposit of $250 as compared to the average of $5 to $10. This is very high and no legitimate broker would ask for such a huge amount. This raises yet another red flag against the Global Alliance scam.
Regarding the leverage, the company reveals no information regarding the offers. Even though it has claimed attractive offers everywhere, Global Alliance has not exactly revealed these attractive offers. This raises yet another red flag against the Global Alliance scam in this Global Alliance review. Furthermore, Global Alliance offers a spread of up to 2.5 pips on EUR/USD as compared to the average of 1.5. This yet again puts the company in doubt regarding its legitimacy.
Global Alliance Trading Platform:
At this point, most companies prefer using new and advanced trading software such as MetaTrader 4 or MT4 as their trading platform. In our case, Global Alliance provides its client with a web-based trading platform that is full of mistakes. From this, it is clear that Global Alliance is up to no good.
Conclusion: Is it Scam or Legit?
In order to sum up all that has been said above, we can safely conclude that Global Alliance is a complete scam. We request our readers to stay away from this scam company. If you have been scammed by Global Alliance, file a complaint now and, we will help you through fund recovery.