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Is Globaltradecommunity reliable?
Patrick Samourides
Tanzania
2023-11-08
ANSWER No, Globaltradecommunity is not reliable. It doesn't provide specific regulatory information and we also cannot find any evidence supporting its legitimacy in forex trading. Thus, we strongly suggest you avoid this unlicensed platform.Globaltradecommunity simply gives vague statement about its regulatory status, without further clear and specific details, making its claim suspicious. Since it claims to be headquartered in Cayman, we conducted a search in the registry of the Cayman Islands Monetary Authority(CIMA). However, nothing related to this company exists in the database. It appears to be an unregulated broker.Furthermore, it also purports to be registered in the US, which is why we checked its registration on the National Futures Association (NFA) website. Unfortunately, it is not subject to the oversight of the NFA either.Therefore, given its dishonest claims and unlicensed status, Globaltradecommunity is unreliable. Entrusting it with funds and personal information could lead to financial losses and identity theft, and no regulatory framework can protect them. To minimize such risks, it is advisable to choose fully regulated brokers only.
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