Caution! Globalfxteam is an offshore company! Your funds may be at risk.
Globalfxteam Key Features
🔴 Globalfxteam services are not trustworthy – a warning sign!
🔴 Globalfxteam is under no regulatory oversight and has a warning issued against it – a red flag!
🔴 Globalfxteam is not transparent with its contact information- a red flag!
🔴 Globalfxteam creates irrational expectations – a red flag!
Globalfxteam Products and Services
Globalfxteam is yet another HYIP scam in a market that is filled to the brim with them. These kinds of scams rely on the generally low amount of information on what is available on the FX markets that the average person operates with. The scammers are therefore able to offer investment pans with insane return rates, with the ones Globalfxteam offers being available below:
Of course, there is no way that any company can achieve a return rate of 35% – which is the least Globalfxteam claims it is possible to achieve. And the proof that it is not possible for the scammers to be so profitable can be found right into the fact the company even offers these kinds of investment plans to begin with! There is no way that, if it were possible for it to be so lucrative, the people behind Globalfxteam would have offered their services to a random person online at all – they would have taken a loan and become incredibly rich without needing to worry about paying any middlemen a cent!
HYIP stands for High-Yield Investment Programme and these businesses usually promise higher ROIs (return on investment) than usual. In some cases, the offers are just ridiculous- up to hundreds and thousands of percentages per day, which certainly can’t happen. To draw a comparison, even the wealthiest banks or investment funds are not capable of delivering more than 10% per year, let alone per day or week. Therefore, the products and services assessment suggests that you’ll be at risk if you deposit.
That being so, it’s worth considering trendy alternatives that can help you build an extra income, such as Forex brokers PAMM managed accounts, social trading or crypto services that may as well fulfil your investment needs. For example, many cryptocurrency exchanges already provide passive income opportunities like BTC and ETH staking but make sure to subscribe to well-known, proven networks.
Globalfxteam Company and Regulation
Globalfxteam has a warning published against it by the British market authority – the FCA. This means that not only is Globalfxteam unlicensed, but it is confirmed to be a scam!
The lack of regulation implies that the people operating this HYIP are working unchecked, meaning they can misuse or misappropriate your funds, eventually bearing no responsibility for their actions. To draw a distinction, regulated investment companies are forced by law to follow certain rules that guarantee the safety of clients’ funds. For example, to get a license, a firm should meet minimum capital requirements that vary from country to country and may also depend on the product specification as there are many types of investments possible- stocks, bonds, mutual funds, banking products, fixed-income, retirements and so on.
In the US, the minimum capital requirement is 20 million USD, which happens to be among the heftiest in the world. Other than that, US financial services companies are also required to keep accounts segregated, thus ensuring that clients’ money can’t be exposed to unnecessary risks or stolen. However, it’s worth noting that the US regulatory framework is very complex as there are numerous financial authorities, among which NFA, CFTC and SEC, to name a few, and all of these monitor companies in one way or another. The US markets may be tricky for the ordinary investor, so make sure to acquaint yourself with the environment before you’ve wasted money on potential scams like the one under review. And you’d better avoid unregulated investment businesses at all times.
Globalfxteam Address and Contacts
|Address:||66 Great Suffolk Street, London, United Kingdom, SE1 0BL|
Globalfxteam is not operating from the UK address it has on its website – the FCA has stated the firm is not overseen by it, so there would be no legal way for it to offer any kind of service from London!
When it comes to investing, transparency is crucial as you should know who’s running the investment and where your money actually is. Legit firms always operate transparently and are bound by law to provide the public with basic corporate information, including addresses, contacts and legal documents disclosing all provisions related to the service. And our experience shows that it’s most probably a scam if you can’t reach anyone over the phone given, can’t validate the addresses or can’t in any other way prove that the investment provider has the authorisation to offer financial products.
Globalfxteam.com Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2021-03-11|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Globalfxteam is not even the first scam company covered by us on the IP address it uses – the possibility of a connection between it and the other scammers on the address, reviewed below, is quite high!
Is Globalfxteam Safe?
Globalfxteam is nothing but a scam firm – stay away from it at all cost, and stick to legitimate firms if you wish to avoid scams!
Dealing with HYIPs and other unregulated investment providers is not recommended for many reasons. Above all, the absence of regulation strongly suggests a scam as only regulated firms are authorised to provide investment services. As you probably guess, scams can’t flourish in a strong regulatory environment, so you’d better think twice before you’ve deposited with unregulated investment schemes.
The authorisation is only granted when the firm complies with the requirements and standards, which guides how the entities should treat you as a customer and what sort of information they should give you. Each country’s regulator maintains a register of licensed firms and the investment services that each licensee is authorised to provide. On the other hand, unauthorised firms aim to avoid complying with the controls that legal, authorised entities are subject to, thus leaving investors entirely unprotected. Needless to say, scammers want to get you totally unprotected, and that’s why they always work without a license.
As for HYIPs themselves, many of these schemes operate precisely as a Ponzi because many investors can actually withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities said to deliver unrealistically lucrative gains. 10% or 100% per day certainly isn’t a legit offer.