Global-Tradinglimited is an unregistered broker based in Walton Summit, Preston, United Kingdom (PR5 8AS). It has emerged as a major player in the world of cryptocurrency investment and bitcoin mining. Through its website, www.global-tradingltd.com, the broker claims to offer various investment opportunities, including bitcoin mining, promising significant returns. However, despite its attractive offers, Global-Tradinglimited is nothing more than a fraudulent operation.
Unauthorised firm details
Name: GLOBAL-TRADINGLIMITED
Address: Walton Summit Road, Walton Summit Preston, UNITED KINGDOM, PR5 8AS
Mobile: +447586325091
Email: admin@global-tradingltd.com
Website: www.global-tradingltd.com
Deceptive Investment Plans of Global-Tradinglimited
Global Trading Limited entices potential investors with a range of investment plans that cater to different financial capabilities. These plans are labeled basic, standard, silver, ultimate, and investor plan. They are tailored to suit investors with varying levels of capital. Let’s take a look at what each plan claims to offer:
- Basic Plan: This plan targets beginners who have limited capital to invest. It requires a small initial investment of $(100-499). Hence, making it seem accessible to new investors looking to test the waters in cryptocurrency trading and mining.
- Standard Plan: This plan targets more experienced traders. Those who are willing to invest a bit more capital of $(500-999). It promises higher returns and additional features compared to the basic plan.
- Silver Plan: This plan targets intermediate investors who are looking to invest larger sums of (1000-9999). It promises more advanced features, better returns, and access to better trading tools.
- Ultimate Plan: This plan targets experienced investors who have a significant amount of capital to invest, ranging from $10,000 to unlimited amounts. The broker advertises much higher returns with claims of more advanced trading strategies and personalized services.
- Investors Plan: Finally, this is the highest-tier plan, reserved for institutional investors or large-scale individual investors. The plan promises massive returns on investment and claims to offer the most advanced tools for trading. Minimum capital of $50000 and maximum is unlimited.
Although these plans seem legitimate, they form part of a carefully crafted scheme aimed at luring unsuspecting clients. Once an individual invests, they quickly find that their money has disappeared, making it impossible to withdraw funds or see any returns.
Global-Tradinglimited FCA Warning and Lack of Regulation
The Financial Conduct Authority (FCA), which is responsible for regulating financial institutions in the United Kingdom, has flagged Global-Tradinglimited for operating without proper regulation. Unregistered brokers like Global-Tradinglimited operate outside the scope of regulatory oversight. Therefore, they are not held accountable to any laws or standards that protect investors.
https://www.fca.org.uk/news/warnings/global-tradinglimited
This lack of regulation is a major red flag. Legitimate brokers register with regulatory bodies like the FCA and follow strict rules that protect client funds. Regulated brokers also provide insurance protection in case of company bankruptcy or financial mismanagement. Unfortunately, Global-Tradinglimited offers none of these protections, leaving clients at serious risk of financial loss.
Luring Unsuspecting Clients with Promises of High Returns
Global-Tradinglimited employs several tactics to lure in unsuspecting clients. One of the most effective methods is the promise of high returns on investment. Particularly in bitcoin mining and cryptocurrency trading. Mostly, the rise in popularity of digital currencies, many people are eager to invest in this lucrative market, but they often fall to fraudulent schemes like this one.
The website features polished testimonials and success stories from alleged clients. Moreover, they claim to have made substantial profits through their investments with Global-Tradinglimited. These stories actively build trust and convince new investors to sign up. However, many of these testimonials are fake, and the real experiences of most clients is loss of money and unreachable customer service.
The Importance of Investing with a Regulated Broker
The case of Global-Tradinglimited is a clear reminder of why it is essential to only invest with regulated brokers. Regulated brokers follow strict guidelines set by financial authorities to ensure they operate fairly and transparently. They also provide guarantees and protections that can help safeguard your investments.
For example, regulated brokers must keep client funds separate from their own operating funds. Additionally, they must maintain a certain amount of capital to ensure their financial stability. In the event of a company collapse, regulated brokers often participate in compensation schemes that can reimburse clients up to a certain amount.
Unfortunately, Global-Tradinglimited, being an unregistered broker, offers none of these protections. Once an individual invests money into their platform, there is little to no chance of recovery if things go wrong.
Conclusion: Stay Away from Unregistered Brokers
In conclusion, Global-Tradinglimited may present itself as a legitimate investment opportunity, offering various investment plans and promising high returns. However, its unregistered status and flagging by the FCA make it clear that this broker is running a scam operation. Investors should avoid this broker at all costs, as they risk losing their money to fraudulent schemes.
To protect yourself from falling into the trap of unregistered brokers like Global-Tradinglimited, always do thorough research before investing. Ensure you register with a broker that has proper authorization from a recognized regulatory body. It’s also important to be wary of any promises of guaranteed or unusually high returns, as they are often signs of fraudulent schemes.