Reading Time: 4 minutes SCAM RECOVERY

Glare Markets Review – Regulators Warn Against Scam

Jul 23, 2021
Glare Markets Crypto and Forex Scam

Our detailed Glare Markets review has turned up little to no reliable information about this broker. The broker is a complete ghost, without even a claimed physical presence anywhere in the world.

The only thing we could find that points to anything is a UK phone number, but you can get one without being anywhere near the UK. Of course, this complete lack of any information is because this is an unauthorized and unlicensed broker.

Broker status:Unregulated Broker
Regulated by:No Regulators (No License)
Operating Status:Forex Scam Broker
Blacklisted as a Scam by:FMA
Broker Owner:Glare Markets Company
Headquarters Country:Undisclosed Location
Foundation year:Undisclosed
Supported Trading Platforms:WebTrader
Minimum Deposit:$250
Cryptocurrencies (Crypto Assets):Bitcoin, Ethereum, and More
Available Trading Assets:CFDs, Forex, Crypto
Maximum Leverage:1:400
Islamic Account:Not Available
Free Demo Account:No
Accepts US clients:US traders are not accepted

Glare Markets Regulation & Licensing Details

We checked all the major regulator databases for any trace of the Glare Markets broker, but there isn’t any. The FCA, ASIC, BaFIN, and more have no record of them existing, much less holding a current license.

Is Glare Markets Regulated by Any Tier 1 Regulator?

No, they aren’t even regulated by less reputable organizations. They have no license to operate anywhere in the world, and any Glare Markets regulation is non-existent.

Moreover, AussieTrust, Seven Capitals & Octangle FX are also not regulated or licensed.

Scam Warnings Against Glare Markets

One of the biggest pieces of evidence against the Glare Markets scam is a scathing warning from Austria’s Financial Market Authority. This regulator engages in regular monitoring and has determined that this broker is a scam after following up on complaints.

The warning clarifies that this brokerage company has no authorization to provide any financial services within Austria because they are completely unlicensed. In response to complaints about the broker, the FMA warns that all potential customers should stay away from this scam

The Truth Behind the Glare Markets Scam

We delved into some reviews from their past clients to see what’s really going on. The majority of clients claimed to have been scammed by Glare Markets. After signing up, they received constant calls from so-called “account managers” to get them to deposit more and more money. Many did, hoping to make huge profits. But once the money ran out, the broker went utterly silent.

Users Face Ongoing Withdrawal Issues

The most common complaint was regarding withdrawal issues. Glare Markets would deny withdrawal requests for seemingly no reason. These users hadn’t violated any terms and conditions put in place by the broker.

They had done nothing wrong, but broker refused to process their withdrawals. It’s clear that this broker has no intention of ever paying out profits to their traders.

Glare Markets Trading Instruments

Glare Markets Trading Platform Review

Broker trading platform is a variant of a WebTrader platform commonly used by many disreputable brokers and outright scams. They added some light branding, but all the core functions are the same. There are minimal tools and indicators available, and navigation is difficult.

Does Broker Support Mobile Trading?

Not really. Broker only supports a browser platform. This platform isn’t very good, but they advertise it as mobile-friendly. Trying to use it on a mobile device is a nightmare.

It was clearly designed for a desktop, and even then, it isn’t very well made. They don’t have any direct apps available for iOS or Android.

Countries Allowed and Prohibited by This Broker

Glare Markets owner has not outlined any countries with which they refuse to do business. This would be strange if they were a legitimate CFD and forex broker, who generally refuse customers from the USA, Japan, and other countries with strict regulations.

The simple answer is that Glare Markets isn’t operating as a legitimate broker but trying to scam as many people as possible.

  • We want to invite you to read our recently updated Primefin review.

What Can You Trade With a Broker? – Trading Instruments

There are many assets available, including forex and CFDs. Their CFDs cover several categories, including:

  • Indices
  • Stocks
  • Cryptocurrencies
  • ETFs

Glare Markets Account Types

The broker minimum deposit that traders put down determines which of the company’s many account types they’ll be able to access. Their options are:

  • Basic
  • Bronze
  • Silver
  • Gold
  • Platinum
  • Pro
  • VIP Leverage

The required Glare Markets minimum deposit starts at $250 and goes all the way up to $250,000 for the highest tier.

Higher levels offer higher leverage, customized financial advice, trading signals, and other common incentives put out by the Glare Markets trading scam and many similar organizations.

Have You Been Scammed by Glare Markets? We Can Help.

Online financial fraud can affect anyone. There’s no need to feel ashamed. These scammers are professionals, and your complaints will help us spread awareness and disrupt their scams.

If you are a victim of the Glare Markets scam, you can reach out to us through our Online Chat to start your free chargeback consultation today.

Don’t Let the Scammers Go Away for Free!

What is Glare Markets, and Should I Invest Money in it?

It is an unregulated CFD and forex broker. Investing would be poorly advised.

Is Glare Markets Legit or a Scam?

Based on client reviews, regulator warnings, and no license, they seem to be a scam.

Does Glare Markets Offer a Demo Account?

No, they do not. You must put down the minimum deposit of $250 to start.

Does Glare Markets Have a Downloadable Mobile App?

No, they have no mobile apps, and their browser platform works poorly on mobile devices.