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Glovefx Trade

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Operating status: SCAM

Website: http://www.glovefxtrade.com/

Broker violations and abnormal records
  • 2022-11-23 The UK FCA Added Glovefx Trade into Its Warnings

    On 24 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Glovefx Trade was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/glovefx-trade

    On 24 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Glovefx Trade was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/glovefx-trade
  • 2022-11-24 BrokersView has Reviewed that Glovefx Trade is an Unregulated Foren Broker

    Glovefx Trade claims to be registered with Companies House of United Kingdom (CH), No. 494367833, and "licensed" by the U.S Department of Homeland Security. And the broker also presents a document issued by the Texas City government, without clearly showing the details. 

    First, we did not find any matching results in CH and the company (GLOVEFX TRADING CORPORATE COMPANY LIMITED) is not registered with it. Besides, CH is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services.

    In addition, the U.S. Department of Homeland Security is neither a forex regulator, nor has the authority to issue a forex license. 

    We searched National Futures Association (NFA) of the United States but found no matching results. And there was no financial reports of this company in U.S. Commodity Futures Trading Commission (CFTC). All in all, this broker is not regulated in the USA. 

    The truth is that Glovefx Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    Glovefx Trade claims to be registered with Companies House of United Kingdom (CH), No. 494367833, and "licensed" by the U.S Department of Homeland Security. And the broker also presents a document issued by the Texas City government, without clearly showing the details. First, we did not find any matching results in CH and the company (GLOVEFX TRADING CORPORATE COMPANY LIMITED) is not registered with it. Besides, CH is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services.In addition, the U.S. Department of Homeland Security is neither a forex regulator, nor has the authority to issue a forex license. We searched National Futures Association (NFA) of the United States but found no matching results. And there was no financial reports of this company in U.S. Commodity Futures Trading Commission (CFTC). All in all, this broker is not regulated in the USA. The truth is that Glovefx Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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