Unless you’re interested in shady online brokers without a license, you should avoid GlobDeChain by all means. However, we wouldn’t like you to trust our word.
So here’s a detailed explanation for the statement in our unbiased GlobDeChain review.
|Broker Status:||Unregulated Scam Broker|
|Regulated by:||Unlicensed Company (No Regulation)|
|Operating Status:||Active Forex Trading Scam|
|Blacklisted as a Scam by:||FMA (Austrian Financial Watchdog)|
|Online Trading Platforms:||WebTrader|
|Deposit Bonus:||Surprisingly, no|
|Crypto Asset Trading:||Available|
|CFD Trading Option:||Yes, you can trade CFDs|
|Available Trading Instruments:||Cryptos, Forex (FX), Commodities, Indices, Shares|
|Islamic Account:||Not Available|
|Free Demo Account:||No, olny real trading accounts|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Experts’ Verdict:||Don’t Invest in This Scam Broker!|
Is GlobDeChain Safe or Scam?
To begin with, GlobDeChain is an anonymous brokerage without headquarters. As is the case with many others, we cannot determine governing law, implying we have no regulatory jurisdiction.
Just in case, we’ve checked FCA, ASIC, BaFin and several other Tier1 registers searching for GlobDeChain regulation.
What’s Wrong With License?
Meanwhile, since the broker is anonymous, no wonder we found nothing on the license. This means you’re dealing with an unregulated entity and have no right to access any compensation funds in case of scams.
When starting online trading, always look for brokers with a Tier 1 license as they have compensation funds of around 700,000 EUR for reimbursements.
Scam Warnings From Financial Regulators
We’re not the only ones who noticed the GlobDeChain trading scam. Austrian regulatory body, FMA, issued an official scam warning against the brokerage stating that it’s an unregulated firm and provides services illegally.
GlobDeChain Reviews – Trading Opportunity or Forex Scam?
Based on numerous GlobDeChain reviews we’ve found, this brokerage is a neat scam. It’s not just that there is no address, governing law, license, or the owner, but clients are unable to withdraw their funds.
Once they start investing, everything is smooth, but asking for a payout brings problems. It shows what kind of a scam GlobDeChain broker is and why you shouldn’t be involved with such.
From what we saw, the broker is mainly active in Ireland, Germany, and Canada, so pay special attention.
What Are Trading Platforms Available? – Trading Software
GlobDeChain trading platform is a WebTrader along with the desktop app corresponding to it.
Instead of offering reputable trading software such as MT4, the broker provides only a web-based terminal. It has several charts and indicators and looks like a TradingView chart at first glance. The issue is unregulated trading conditions, such as leverage going up to 1:200 despite regulatory limitations on 1:30 for the Forex market.
Mobile Trading App
Besides a desktop app based on the Web trader, GlobDeChain forex brokerage offers the same mobile app version. It’s available for both Android and iOS and can be downloaded using the link on the broker’s website.
GlobDeChain Trading Instruments – What Can I Trade?
The broker offers access to 5 biggest markets, including:
- Forex market
Furthermore, all this with unregulated leverage and the spread starting from 0.7 pips. Also, the number of trading assets is limited by the account type, and only Platinum account users have access to all of them.
GlobDeChain Trading Accounts – Account Types
There are 3 different GlobDeChain account types:
- Silver – $250
- Gold – $5,000
- Platinum – $50,000
Besides the initial amount, the difference is in the leverage, spread, and some perks such as personal financial advisers and access to webinars. As you can tell, GlobDeChain’s minimum deposit is $250, considered a standard for the industry.
Free Demo Account Service
When it comes to the GlobDeChain Demo account, we can say there is none. You can view the platform via the website but cannot place any trades before depositing funds.
GlobDeChain Deposit Methods – How To Deposit?
GlobDeChain doesn’t explicitly list any of the payment methods. Assumingly, you can invest using your debit/credit card. However, what we know is that the broker offers bonuses on the initial deposit and prevents you from withdrawals this way.
Also, you will need to pay significant fees if you request a payout since every withdrawal costs $35 regardless of the amount.
Beware of GlobDeChain bonus scams and do not accept any offers coming from this fraudulent trading firm.
Scammed By GlobDeChain Broker? – Talk To Our Recovery Experts
So don’t wait until it’s too late and the broker is untraceable. File a dispute now and let’s get your hard-earned money back!
Contact us via online chat to book a free consultation with our experts.
Don’t Let the Scammers Go Away for Free!
What Is GlobDeChain, And Should I Invest Money In It?
Basically, it is an unregulated CFD and Forex trading provider. So be careful about easy earnings with this scam project!
What Is The GlobDeChain Minimum Deposit?
Company requires a minimum of $250 for the Silver account.
Are My Funds Safe With GlobDeChain?
The broker has been blacklisted in Austria, meaning your funds are not safe. So don’t fall for this fraudulent project!