Globe Invest Hub is an anonymous trading brokerage with no license. Often, brokers hide their headquarters to cover for the fact that they don’t follow regulatory demands. Furthermore, they operate from fictitious offshore entities, while real owners can reside anywhere in the world.
Since this is the case, we have collected as much information as possible and presented it in this detailed Globe Invest Hub review. Let’s see what we know.
In its obscure legal documents, the Globe Invest Hub says the contract is between the customer and the “Company.” However, they don’t precise which company or under which legal jurisdiction it belongs. There’s no email or phone number to call in case of an emergency. The only way to get in touch is through a website form. Once you fill it up, you should sit tight and wait for the employees to contact you.
Knowing that the brokerage mainly onboards EEA zone residents, we checked whether it complies with regulatory regimes of Tier 1 regulators, such as FCA, BaFin, and CONSOB. Furthermore, we verified if it follows ESMA rules regarding leverage cap.
As you can guess, all these questions turned out negative. There’s no Globe Invest Hub regulation, and the company offers leverage up to 1:400 instead of placing a limit for retail traders at 1:30.
Let us know if you have any information about Globe Invest Hub and its employees. Your story can help us pressure the authorities to react.
Globe Invest Hub is an unregulated anonymous trading brokerage. The firm has a low trust index, indicating issues with withdrawals and an overall lack of trust in its services.
Globe Invest Hub has been active since the 22nd of September, 2022. This was when the domain globeinvesthub.com was registered with the GoDaddy WHOIS database. According to SimilarWeb results, the site has less than 5,000 unique visits per month, which is good as it means they didn’t spread their scheme too far.
However, we did receive a number of complaints, mainly coming from:
As all these are EU countries, you should be cautious and know that you cannot count on the assistance of the EU Financial Ombudsman.
While luring customers by allegedly offering MT4, the only Globe Invest Hub trading platform on offer is WebTrader. It’s the standard software used by numerous other financial swindlers.
Customers can access their accounts and trading news and use several charts and indicators. However, advanced features, such as EAs or social trading, are missing. This browser-based software cannot compare with the industry standard MetaTrader 4 and its successor, MT5.
Allegedly, on-the-go trading is enabled through the MT4 mobile app. Since we registered an account and got access only to WebTrader, we can conclude that Android and iOS apps are not provided. Instead, clients will need to use a web browser each time they want to log in to their investment account.
The company has listed the following investment options:
However, shares are not on this list. It’s rather odd considering their popularity with investors and a reason more to avoid Globe Invest Hub trading scams.
The spread on the platform was 2.2 pips for the EUR/USD benchmark. This is higher than the average of 1.5 pips. Simply put, this broker is unregulated and pricey. What more do you need us to say before you finally give up on the idea of investing?
Let’s look at the types of brokerage accounts and their benefits.
Only the Platinum account can be swap-free and suitable for Islamic customers. The leverage ranges from 1:100 to 1:400, while each higher account brings more education and assistance. As you can tell, the minimum deposit stands at a whopping 10,000 EUR, meaning you will have to risk a lot to review the system.
The Globe Invest Hub Demo account is not enabled. While you can register and gain access to their WebTrader, you cannot place any trades. You will be informed that your account has an insufficient balance and you should deposit the funds first.
Scam brokers rarely give their potential clients a chance to review the system. If they did, they would lose lots of money since nobody with a bit of market knowledge would fall for the WebTrader when promised MetaTrader 4.
The broker only accepts debit/credit card deposits. Following AML policies, the withdrawal must be performed using the same payment method.
However, this firm uses various tricks to prevent you from getting a payout. Once such is deposit bonuses. You will be offered an incentive if you fund your account with the initial sum, but nobody will tell you about the terms.
According to T&C, retail traders cannot submit a withdrawal request before reaching the bonus amount divided by four in lots. For a $200 bonus, you must trade 50 lots, equal to $5 million. Furthermore, you must fulfill the request within 60 days or the bonus will be removed.
If you’re wondering whether Globe Invest Hub withdrawal is possible, the short answer is no.
If you fall victim to the Globe Invest Hub scam, let us know. Global Fraud Protection has dedicated chargeback specialists dealing with scam brokers and monetary recoveries.
Globe Invest Hub is not a licensed trading firm. If you deposited and cannot get your money back, allow us to assist you with the recovery procedure.
No, Globe Invest Hub doesn’t offer a risk-free Demo accounts for its clients.
The brokerage requires a minimum deposit of 10,000 EUR.
Globe Invest Hub is not a licensed trading firm. If you deposited and cannot get your money back, allow us to assist you with the recovery procedure.
No, Globe Invest Hub doesn’t offer a risk-free Demo accounts for its clients.
The brokerage requires a minimum deposit of 10,000 EUR.
The post Globe Invest Hub Review 2023 – Who Is GlobeInvestHub.com.com Broker? appeared first on Global Fraud Protection.
