Global Experts broker is a fraudster, be careful
The online broker Global Experts, operating in England, is a scammer with a bad reputation.
If we get to the official website of Global Experts - Weglobalexperts.com , then we will read that this organization offers intermediary services for Forex trading in Britain. In addition, Global Experts provides software for financial transactions.
We researched the Global Experts website, got acquainted with the working conditions, made attempts to get test access to services, looked at the existence of securities, the place of registration of the company.
With the help of this information, we will find out: Is Global Experts a fraud or not?
We will also tell you how not to fall into the trap of scammers, about their algorithms of actions. We will tell you the necessary data in order to keep your finances safe.
Global Experts is based offshore
The main call that says that Global Experts are scammers is the country of residence. According to the documents, the company is registered in the Marshall Islands, which is already suspicious, since the company operates in the UK. Offshore regions attract the attention of fraudsters due to the lack of laws and controls.
Also, this region does not have full-fledged opportunities for trading on Forex.
Moreover, when we tried to identify the legal address, information about the owners and directors of Global Experts, we could not find anything.
This hints at the fact that Weglobalexperts.com - a criminal online broker, cooperation with which can result in significant monetary losses.
I couldn't find any information about the manual Weglobalexperts.com
Having studied the official website, our employees have not been able to find reliable information about the owners of the organization Weglobalexperts.com . No address, no phone number or other means of contact.
We assume that this means that the current owners are trying to hide information about themselves in order to escape responsibility for their crimes. And even if it turns out to identify one of the employees of Global Experts, then everything will end with this, and the owners of the criminal organization will remain at large.
Global Experts has a website, Global Experts, for less than 30 days
The Global Experts website talks about serious Forex experience.
The most common way to explore a website is to get information about the domain. Usually, they record the age of the existence of the domain name, the contact information of its owner.
In the specific case, the domain name Weglobalexperts.com it works for less than 30 days, and all data about the legal entity that owns it is hidden. Another evidence that the management of Global Experts is trying to keep its incognito.
Such an aspiration can be accepted, but not when it comes to a firm working as an intermediary between a trader and the Forex market.
In addition to this, Global Experts themselves assure potential users that they have been successfully operating in the Forex market for many years.
Global Experts has no test period
It is a common practice for online brokers to provide clients with a demo version of the software so that they can familiarize themselves with the interface, try out their skills in Forex operations with fake money.
Unfortunately, on the Global Experts website, we did not find any mention of the demo period, the opportunity to test the rograms.
We assume that the owners of the organization Weglobalexperts.com , simply does not plan to provide users with demo access to the service, since someone is able to suspect something is wrong.
Global Experts online broker operates with a negative account
Registered organizations that operate in the Forex market do not use a negative account in their work. According to the law, the client of an online broker is not able to spend more now on his account. In those rare situations when the balance still goes into negative, its debts should be repaid not by the user, but by the company that provided its services.
Because of this, honest online brokers do not use a negative account in their activities.
Nevertheless, Global Experts provides its traders with a negative account, that is, on loan.
Why is this necessary?
In order to drive the user into debt and extort to pay the debt. This is one of the most common methods of deception used by scammers.
If this has already happened, you need to remember that scammers have no ways to knock out finances under British law. Absolutely all methods of pressure on users are considered illegal. The maximum that scammers are able to do is to call, send messages with demands.
With Weglobalexperts.com it is impossible to cooperate, because any agreements will turn into losses.
Global Experts operate with a credit ratio of one to 400 or more
At this point, it becomes clear that Global Experts are scammers. Nevertheless, let's pay attention to another nuance, namely the presence of too much leverage.
A credit lever is the ratio of money between users and online brokers when making a transaction. This allows for large transactions to be carried out by traders who do not have access to sufficient money.
In order to protect traders in the Forex market, in civilized countries, legislation assumes the use of a credit ratio with the highest ratio of 1 to thirty, sometimes 50.
At the same time, Global Experts applies a leverage of one to 400 for trading operations on the financial Forex market.
Such a ratio is allowed in Switzerland, as firms registered in this country enjoy high confidence. However, Global Experts is not registered in this state.
In fact, Global Experts do not have permission to trade on the Forex financial market with such leverage, due to the high risk to customers. So, this is done only to force the client to invest more funds, but also to drag him into debt.
Local offices of Global Experts
It is considered respectable for any financial organization to have regional divisions in civilized regions, even if the work is carried out exclusively on the territory of England. Therefore, Global Experts says that in addition to many awards, they have local branches in Britain, Australia and other civilized countries, and about thousands of experienced employees.
It is elementary to check the presence of these representative offices. After all, there are profile organizations that control the actions of online brokers. In England it is FCA, and for example in Australia it is ASIC.
Therefore, a law-abiding organization must have supporting papers from these or other organizations that will prove their authorized right to provide services for Forex trading operations, indicate the degree of responsibility.
However, after checking the industry official websites, our employees did not find them. This once again confirms our suspicions.
For registration on Weglobalexperts.com it is required to transfer personal data
As we mentioned earlier, Global Experts does not have a test period and because of this, in order to gain access, you need to immediately transfer the minimum payment to Global Experts fraudsters. Also, get access to your personal account Weglobalexperts.com , possible only if the user's verification is successful.
This means that Global Experts requires its users to transmit such information as
- Information about an individual (passport, etc.);
- Data on permanent residence (scans of utility bills);
- Information about qualifications, length of service, place of work.
In addition, with the initial transfer, bandits are able to access the card information.
Together, this information can allow bandits to issue a loan to the deceived user, or to implement other illegal frauds.
Since for registration on the official website Weglobalexperts.com , it is necessary to transfer your personal information, we could not get access to the Global Experts personal account and the Forex earnings software.
Reviews of Global Experts
A very important point of exposing Global Experts is the analysis of customer feedback.
The analysis of search results in search engines gave us the following information
- Most of the reviews and mentions of Global Experts on the Internet are fake. These are the same positive mentions and comments of the paid type;
- All real mentions of Global Experts are negative. Our experts failed to find truthful reviews and mentions from users Weglobalexperts.com, in which it is reported about a lot of earnings, effective trading.
- Negative mentions are associated with illegal actions, theft of funds, special debt creation.
Therefore, real reviews of Global Experts indicate that the online broker in question is a fraudster.
Contact information and official documents of Global Experts
After analyzing the information on Weglobalexperts.com our experts have found a lot of dubious digital papers that can be easily made using a graphic editor. They are not confirmed by official organizations, which means they cannot be trusted.
If the broker is not affiliated with regulatory organizations, then users simply have nowhere to turn for help.
On the "Contacts" page, we found a phone number. It turned out that it had already been used by an illegal online broker. There are also many reviews on the web about fraudulent activities related to the phone number indicated on Weglobalexperts.com .
Withdrawal of money from Weglobalexperts.com
Are you going to make money using an online Forex broker? Make sure that investments can be taken away from him.
After studying the trading agreement on the Global Experts website, our employees did not see clear information about the withdrawal methods. In addition, our experts found a description of the penalties for the inactivity of a personal account, but did not find information about their size. Since criminals do not conduct activities in the official field, it is impossible to protest these fines.
That is, even if a trader has completed cooperation with Global Experts, they may start calling and sending messages demanding payment of a fine.
How does Global Experts work?
The method of searching for users, which Global Experts uses, also raises concerns.
False accounts on social networks are used for promotion, in which non-existent users broadcast how they instantly managed to earn income by trading Forex with the help of Global Experts. Advertising profiles display expensive cars and clothes, holidays at resorts and other signs of a prosperous life.
They promise instant earnings, for which you do not need to study or make a lot of effort.
If a client contacts them, Global Experts employees report about the reality of instant earnings, as well as about some unique features of their software that will allow them to earn serious profits immediately.
After that, various manipulations are used to get as much money from the client as possible. For example, you can arrange a fake profit in order to inspire you to transfer more funds.
If trading on Forex turns out to be unprofitable, the manager will recommend investing more in order to compensate for the losses.
Employees of Global Experts, act according to the manuals that were developed by experienced manipulators. They analyze information about the trader in order to act on specific places, get more investments.
As a result, all this will come down to one of the results:
- When you decide to get the money before you find yourself in debt, you will be fined, banned from using the account, and will do everything to make you pay even more;
- If you let the scammers drive the account into the negative, threats will begin, bandits will demand to repay the fake debt.
Another way for Global Experts to earn money may be to transfer your personal data to third parties. We think that, after that, it will be possible to buy comprehensive information about you for a small amount on some anonymous community on the shadow Internet.
Most likely, after that, various bandits, sellers, etc. will call you more often. You can also wait for calls from colleagues Weglobalexperts.com, which will offer the "return" of lost finances, of course for the breastplate.
Since Global Experts does not work in a regulated field and remains incognito, they will not be able to be forced to answer according to the current laws in England. The organizers of the shadow organization diligently disguise themselves and, at best, police officers will be able to figure out someone from the "workers".
Should I trust Global Experts?
No way!
If you are going to transfer finances to scammers, then it is better to transfer them to a good cause.
Let's briefly voice the evidence that Global Experts are scammers
- Lack of official registration;
- No trial period;
- There is no information about the owners of the company;
- Phone detected in shadow schemes;
- Negative score;
- The credit ratio is more than one to fifty;
- Bad reviews;
- False information on the website.
This is the end of the Global Experts review. It is clear that Global Experts are scammers.
You can also familiarize yourself with fraudulent brokers.
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