Have you visited the Gloffix website? You’ll see that everything appears to be okay; this brokerage is not reliable.
However, after receiving many complaints, we conducted a Gloffix investigation to see why the broker had such a low rating.
Gloffix Flaws and Reports
We investigated the Gloffix broker since there are so many conflicting reports about them. According to traders, the broker claims to be a UK-based company that is licenced by the Financial Conduct Authority. This is the most probable scenario in which they got an FCA warning.
We investigated if Gloffix is governed, and if so, by whom, in order to present you with correct information.
According to recent allegations, the brokerage is controlled by Marshall Islands-based Advaniq Ltd. We can state categorically that Gloffix is not regulated, and it is another fake broker to be wary about, given that this nation has a fictional regulator.
On the other side, if a broker receives a large volume of bad reviews and regulatory warnings, we think you’ve already decided not to open an account with them(that’s the best thing to do).
The FCA issued an official warning because the broker purported to be located in the United Kingdom. They claim that since this broker is working unlawfully and without a financial services licence, deceived customers are ineligible for FSCS compensation.
Trading Software
Trading Software Despite claiming to be FCA-licensed, the broker seemed to make an attempt and offered a MT4 platform. Gloffix is a closed-source online platform at the moment, with just a few indicators connected to a trading chart. If you’re searching for expert trading guidance, their assistance seems to be enticing on paper; nevertheless, you will not find it anywhere.
Additionally, the company provides leverage of 1:400, which exceeds the government’s permissible level.
Asset Class
The trading assets of the Gloffix broker are fairly standard. The following services are available to clients:
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- There are 55 currency pairs
- Over 40 stocks are accessible, including all major names
- Commodities.
- The CAC40, FTSE100, and NASDAQ are among the 11 indexes that are available
Gloffix requires a $250 minimum deposit to get started, which is much too expensive for an unregulated offshore fraud.
User Feedback
We saw a lot here. Gloffix reviews are replete with customers requesting a refund. Assume you’ve registered with Gloffix FX for a trading account. You can never recover your losses.
Additionally, the broker requires you to pay administrative costs for withdrawals that cannot be deducted from your earnings. Additional funds are being sought. Your account will then be suspended and you may forget about it.
Have you been duped by a Gloffix broker?
If you have been a victim of a scam by Gloffix or another illegal business, alerting authorities would not assist much. Due to the fact that these businesses are usually unregulated, the only method to get a refund is via a chargeback. We can confirm that you are not the only victim of the Gloffix trading scam.
FAQ
why should I invest with this broker?
This is a dubious offshore trading firm that is not worth your time or money.
Is this platform a legitimate broker or a Trap?
Gloffix is a shady trading site that has a history of withdrawal problems.
Is there a demo account available?
This platform does not provide a free trial period. The platform is available for trial only after making a payment of at least $250.
Is Investing Through Gloffix Brokerage Risky?
Investing with a broker who has been suspended by the Financial Conduct Authority of the United Kingdom is risky.
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