If you got the same impression as us that Net Global Markets doesn’t seem like a legit Forex trading platform, you’re on the right track. There is plenty of wrong with this brokerage.
Bear with us as we expose the cunning plot in our Net Global Markets Review. We will also tell you a bit more about how you can recover your funds from offshore trading scams.
Net Global Markets Ltd does not appear to be a regulated provider. The shady website claims that the company is registered in the offshore jurisdiction of SVG. That’s bad news because Forex trading is not regulated there. SVG’s Financial Services Authority regulates only the banking sector.
If you’re having issues with Net Global Markets, we can help you get your money back.
To reiterate, Net Global Markets is an offshore platform, operating without a Forex trading license. The laws in force in these countries are pretty strict, prohibiting the operations of suspicious providers like Net Global Markets.
Net Global Markets offers an online trading platform, designed to offer elementary tools such as graphs, elementary charts, and indicators. This browser-based terminal looks pretty unpolished and oversimplified, lacking depth and advanced features.
It supports various types of financial trading instruments from popular asset classes such as Forex currency pairs, indices, commodities, and cryptocurrencies. Net Global Markets stocks are also available.
However, Net Global Markets’s website does not offer a demo account option, which means you cannot trade for free for a trial period.
Don’t let this broker get away with your money. Get a chargeback today!
Net Global Markets offers five live account types:
The maximum leverage that Net Global Markets offers ranges from 1:100 to 1:500, which is extremely high and risky. High leverage can amplify profits but also losses. Hence, reputable jurisdictions such as the US (1:50) and Europe (1:30) have safe leverage caps in force.
The spreads are pretty competitive for trading but we’re not sure whether the broker charges any additional commissions.
Net Global Markets listed three methods that can be used to deposit and withdraw funds:
The minimum deposit requirement is 250 USD for credit/debit cards and cryptocurrencies while for wire transfers, it is 1,000 USD. If Net Global Markets does not answer your withdrawal request, you need to seek out professional help.
If you deposited funds via MasterCard and VISA credit/debit cards or wire transfers, you can request a chargeback, i.e. a recall. It can be done at the issuing bank within 540 days of the transaction. We can guide you through the process but first, you must book a consultation with us.
To sum up, Net Global Markets is an unlicensed offshore Forex trading platform. This unreliable brokerage has mainly been targeting traders from the UK, India, Malaysia, Mexico, and Turkiye.
Several traders wrote complaints against the fraudster. In case you cannot withdraw your funds from your account, book a free consultation with Global Fraud Protection. We have a team of skillful professionals who can assist you with the chargeback procedure and expressly get your money back.
Book your free consultation today and start the chargeback process.
No, the broker is not legit at all. This company is not licensed to provide Forex trading services.
Yes, Net Global Markets does offer an Islamic account but the broker unnecessarily charges much more for it.
The broker’s web platform supports Forex currency pairs, indices, commodities, stocks, and cryptocurrencies.
Net Global Markets didn’t disclose the withdrawal fee. Contact us so we can help you get your money back!
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