Reading Time: 4 minutes SCAM RECOVERY

Gloffix Review – Why is the Broker a Scam?

Gloffix Trading Scam

Have you had a chance to visit the Gloffix website? You will notice that it looks average — nothing special about this brokerage.

However, since many users filed a complaint, we’ve decided to do a Gloffix review and check why the broker is so badly rated.

Broker status:Offshore Scam Broker
Regulated by:Unlicensed Brokerage (No Regulation)
Operating Status:Forex Scam Broker (Forex Trading Scam)
Blacklisted as a Scam by:FCA (UK)
Broker Owner:Advaniq Ltd
Headquarters Country:Marshall Islands
Foundation year:N/A
Supported Trading Platforms:WebTrader
Minimum Deposit:$250
Cryptocurrencies (Crypto Assets):Available (BTC, ETH, XRP)
Available Trading Assets:Forex (FX), Commodities, Indices, Shares, Cryptocurrencies
Maximum Leverage:1:400
Islamic Account:Not Available
Free Demo Account:Yes
Accepts US clients:US traders are not accepted

Gloffix Regulation – Is the Broker Authorized?

Since there are many contradictory stories related to the Gloffix broker, we’ve checked what’s the truth. As per traders, the broker claims to be a UK-based entity belonging under their regulatory jurisdictions. That’s probably how they earned an FCA warning. 

We’ve checked is Gloffix regulated and by whom, so we can provide you with accurate details.

Questions about License and Regulation – Reputation Problems

As per current claims, the brokerage is owned by Advaniq Ltd from the Marshall Islands. Since this country has a fictitious regulator, we can immediately say that Gloffix regulation doesn’t exist, and it’s yet another bogus broker you should be aware of.

On the other hand, a broker has too many negative reviews and regulatory warnings, so if you ever thought of starting an account with them, we believe you’ve changed your mind by now.

Warnings Against Gloffix Trading Scam

Gloffix FCA Warning

Warning Issued by FCA

As mentioned, since the broker claimed to be UK-based, the FCA issued an official warning. According to them, this broker operates illegally and has no authority to provide financial services, while scammed clients are not entitled to the FSCS compensation scheme.

Beware of the Gloffix trading scam. Also, think twice before taking any risks while investing money in FXGM, Capixal or OptiMarkets brokers.

Gloffix Reviews – Is Gloffix Scam Broker?

Well, here we had to see a lot. Gloffix reviews are full of desperate clients wanting their money back. Suppose you’ve started an account with Gloffix forex brokerage. You will never be able to withdraw your funds. Moreover, the broker asks for you to pay administration fees for withdrawal, but you cannot make a payment out of the profit. A request is to deposit more money. And once you do, you can forget about your account since it’ll be suspended.

Here is just one of the examples.


 Its scam, Matt Lee will always try to make you double your investment according to “get a better account” (Gold Acc. , etc.) once you stop reinvest, nobody will call you back anymore. Moreover, he told me about a “swap-free” Account, if i invest more Money but they never gave me the swap-free account. In the end i payed a “rollover kommission” which was almost as high as a SWAP. After all my trades have been closed, I wanted to withdraw the rest of my funds but Acc. verification denied it.


 …But they have good liers for their calls. – Take Care.


On Trustpilot and similar websites, you can find complaints against numerous financial advisers from Gloffix.

What Are Trading Platforms Available? – Trading Software

Apparently, while claiming to have an FCA regulation, the broker tried hard and had an MT4. Nowadays, the Gloffix trading platform is a proprietary web trader that offers nothing but a few indicators attached to a trading chart. If you are looking for professional trading experience their support is promising, you won’t find it here.

Moreover, the company offers leverage of 1:400, which is higher than any regulator allows.

  • Additionally, we recommend that you read our recently updated Primefin and AlpsMarkets trading broker reviews.
Gloffix Trading Assets

Gloffix Trading Instruments – What Can I Trade?

The list of trading assets with Gloffix broker is rather average. Clients have at their disposal:

  • 55 currency pairs – majors and minors
  • 40+ stocks, including all the big ones such as Adidas, Pfizer, and more
  • 7 commodities – standards and energies
  • 11 indices – CAC40, FTSE100, NASDAQ
  • 9 cryptocurrencies

To even start trading, Gloffix’s minimum deposit is $250, which is too high for an unregulated offshore scam.

Gloffix Scam – Don’t Put Any Money Into This Broker

As you had a chance to see, Gloffix is everything but a regulated company. First of all, they do not have any trading regulations, and headquarters are in an offshore country. Moreover, the company has been blacklisted by the UK FCA.

Also, if you have already invested in a Gloffix scam, let us know immediately. You need to start the chargeback procedure and get your funds back before it’s too late!

Scammed by Gloffix broker? – Talk to Our Experts!

If you were scammed by Gloffix or any other illicit operation, contacting authorities won’t help much. Since these companies are mostly unregulated, the only way to get your money back is via chargeback. We can assure you that you’re not the only victim of the Gloffix trading scam.

Global Fraud Protection recently received numerous complaints about this fraudulent operation and has helped many.

So, contact our support via online chat and let’s get what’s rightfully yours!

Don’t Let the Scammers Go Away for Free!

What is Gloffix, and Should I Invest Money in it?

This is an offshore trading brokerage without regulation and not worth your money.

Is Gloffix legit or a scam broker?

Gloffix is not a legit trading broker and has many issues related to withdrawals.

Does Gloffix Offer a Demo Account?

Unfortunately, Gloffix does not offer a Demo account. The only way to test the platform is by investing a minimum of $250.

Is it Safe to Invest With Gloffix Broker?

Since the UK FCA has blacklisted the broker, it’s not safe to invest with such a company.