Warning Glamourfxtrade.com Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
If you are looking for a reliable and trustworthy crypto broker, you should avoid glamourfxtrade.com at all costs. This website is an offshore and unregulated platform that has been flagged by the Financial Services Commission (FSC) of the British Virgin Islands as an unauthorized entity that may engage in fraudulent practices. Here are some of the reasons why glamourfxtrade.com is a scam and why you should not invest your money with them.
No regulation or license
Glamourfxtrade.com claims to be a US-based crypto broker, but it does not have any license or registration from any reputable authority. In fact, it is operating illegally and without any oversight from any regulatory body. This means that if you deposit your money with them, you have no guarantee that they will honor your withdrawal requests, protect your personal information, or comply with any rules or standards. You are basically trusting your funds to a shady and anonymous entity that can disappear at any time with your money.
Fake trading platform
Glamourfxtrade.com does not offer a real trading platform, but rather a basic charting software that does not allow you to execute any trades or experience any profits or losses. The website claims to offer advanced tools, auto trading, and custom indicators, but these are all false promises. The platform is nothing but a simulation that does not reflect the actual market conditions or prices. You will not be able to trade any cryptocurrencies or other instruments with glamourfxtrade.com, only watch some fake charts and numbers.
Limited payment methods
Glamourfxtrade.com only accepts payments made through cryptocurrencies, such as Bitcoin, Solana, Litecoin, and USDT. This is a red flag because crypto transactions are irreversible and untraceable, meaning that once you send your money to them, you will not be able to get it back or track where it went. Moreover, crypto payments do not offer any protection or recourse in case of fraud or dispute. You will not be able to chargeback your money or file a complaint with any authority if you get scammed by glamourfxtrade.com.
Unrealistic returns
Glamourfxtrade.com promises its customers high returns on their investments, ranging from 10% to 50% daily. These are unrealistic and impossible claims that no legitimate broker can guarantee or deliver. The crypto market is volatile and unpredictable, and no one can predict its movements or outcomes with certainty. Moreover, glamourfxtrade.com does not provide any proof or evidence of its trading performance or results. It is likely that they are using a Ponzi scheme model, where they pay old investors with new investors’ money until the scheme collapses.
Conclusion
Glamourfxtrade.com is a scam website that you should avoid at all costs. It is not regulated or licensed, it does not offer a real trading platform, it only accepts crypto payments, and it promises unrealistic returns. It has been warned by the FSC of the British Virgin Islands as an unauthorized and fraudulent entity. If you value your money and your safety, do not invest with glamourfxtrade.com.
https://www.forexbrokerz.com/brokers/glamourfxtrade-review
https://scamwatcher.org/glamourfxtrade-review/
https://scambrokersreviews.com/crypto-scams/glamour-fx-trade-review/
