Global Experts Scam why it's not worth working
The online broker Global Experts, which operates in the UK, is considered a scammer with an unclean reputation.
If we go to the official website of Global Experts - Weglobalexperts.com , then we will read that our company offers brokerage services for Forex market operations in Britain. In addition, Global Experts offers software for trading actions.
Our specialists examined the Global Experts website, got acquainted with the terms of operations, made attempts to get at least demo access to the services, analyzed the existence of documents, the place of registration of the organization.
With the help of the information received, we will find out: Is Global Experts a scam or not?
Additionally, we will explain to you how not to fall for the hook of deceivers, about their methods of operations. We will provide the necessary data to keep the money safe.
Global Experts company is located offshore
The main call indicating that Weglobalexperts.com these are criminals – the state of residence. The organization is documented in the Marshall Islands, which is already suspicious, since it operates Weglobalexperts.com in Britain. Offshore states are popular with criminals due to the absence of the need to comply with the law and control.
In addition, this country does not have the authority to work on Forex.
In addition, when our experts tried to find the real address, data about the owners and directors Weglobalexperts.com , then failed to detect anything.
This hints at the fact that Global Experts is a criminal online broker, interaction with which can result in large financial losses.
Lack of information about the owners of Global Experts
After analyzing the official website, our experts could not find reliable information about the management of Global Experts. No physical or legal address, no phone numbers or other communication methods.
Basically, this means that managers are trying to hide information about themselves in order to hide from being held accountable for their actions. If it turns out to reach someone from the Global Experts employees, then that will be the end of it, and the actual leaders of the shadow company will remain free.
At Global Experts, the official website - Weglobalexperts.com, valid for less than a month
The official website of Global Experts talks about the significant experience of operations in the Forex financial market.
The main way to analyze any website is to obtain information about its domain. Most often, they record the period of operation of the domain name, the contact details of its owner.
In our case, the Global Experts domain name has existed for less than thirty days, and information about the person who possesses it is hidden. Another evidence that the management of Global Experts is trying to protect its incognito.
This desire can be accepted, but not when it comes to a financial company acting as an intermediary between the client and the Forex market.
At the same time, themselves Weglobalexperts.com they assure users that they have been effectively operating in the Forex market for many years.
Weglobalexperts.com there is no demo period
It is a common practice for Internet brokers to give clients a test version of programs so that they can get acquainted with the interface, try their hand at operations in the Forex financial market with virtual money.
Unfortunately, on the official website Weglobalexperts.com , we did not find information about the trial period, the opportunity to try out the software.
Probably the organizers of the company Global Experts, most likely, are not going to provide customers with test access to the software, because some of them may suspect something is wrong.
Global Experts online broker operates with a negative balance
Legal firms that operate in the financial Forex market do not use a negative account in their activities. According to the legislation, the broker's trader is not able to spend more than he currently has on his balance sheet. In those cases when the account still goes into negative, its debts will have to be repaid not by the client, but by the company that provided the services.
Because of this, honest online brokers do not use a negative account in their activities.
However, Weglobalexperts.com offers traders Forex transactions with a negative balance, that is, on credit.
Why is this necessary?
In order to drive the client into the negative and start extorting debt. This is one of the most common fraud methods used by financial criminals.
If this happens, you need to know that scammers have no way to recover investments under UK law. Any methods of pressure on users are considered criminal. The most that criminals are able to do is to call, send letters with demands.
It is impossible to cooperate with Global Experts, since any agreements will result in new losses.
Weglobalexperts.com they operate with a credit ratio of 1 to four hundred or more
Already now, it becomes clear that Global Experts are scammers. Nevertheless, we will point out one nuance, namely, the presence of too large a credit ratio.
Leverage is the ratio of money between clients and brokers when performing a trading operation. The leverage allows traders to make significant transactions who do not have access to large finances.
In order to protect traders in the Forex financial market, in developed countries, the current legislation provides for the use of leverage with a maximum ratio of one to 30, sometimes 50.
At the same time, Global Experts applies a leverage of one to four hundred for trading operations on the financial Forex market.
Such a ratio is allowed in Switzerland, since organizations registered in this state enjoy considerable trust. However, Global Experts is not registered in this country.
In fact, Global Experts does not have the right to conduct operations on the Forex financial market with such a credit ratio, due to the high risk for users. Accordingly, this is done in order to force the user not only to invest more money, but also to drag him into debt.
Local divisions of Global Experts
It is considered important for any financial firm to have local offices in developed regions, even if the work is carried out exclusively in the UK. Therefore, Global Experts says that in addition to an impressive number of awards, they have regional offices in Britain, Australia and other civilized regions, and about thousands of experienced employees.
It is quite simple to check the availability of these branches. Because there are industry organizations that monitor the work of brokers. In Britain it is FCA, in Australia it is ASIC.
Therefore, a law-abiding firm must have official documents from these or other organizations that will confirm their ability to provide services for trading in the financial Forex market, determine the level of responsibility.
And yet, after analyzing the profile websites, our employees did not find them. This once again confirms the fears.
For registration on Weglobalexperts.com confidential data needs to be transmitted
As we said earlier, Global Experts does not have a trial period and because of this, in order to gain access, you must immediately pay the minimum payment to Global Experts bandits. In addition, access to your personal account Weglobalexperts.com, really only with the successful completion of user verification.
This means that Global Experts requires its clients to transfer such data as
- Data about an individual (passport, driver's license, etc.);
- Information about permanent residence (scans of utility bills);
- Information about qualifications, length of service, place of work.
Also, at the first transfer, fraudsters can get access to bank account information.
As a result, this data may enable scammers to spend a loan on a deceived trader, or to implement other criminal operations.
Since for registration on the official website Weglobalexperts.com , you need to transfer your personal information, we could not get access to the Global Experts personal account and Forex trading programs.
Real reviews about Global Experts
An extremely important stage of exposing Global Experts is the study of user reviews.
The study of search results in search engines gave us the following data
- Most of the reviews and mentions of Global Experts on the web are fake. These are template positive mentions of a paid character;
- All real mentions of Global Experts are bad. We have not been able to find mentions from former users Weglobalexperts.com, which would mention a large income, successful activity.
- Bad mentions are caused by fraudulent actions, theft of funds, artificial creation of credit.
Because of this, reviews of Global Experts indicate that the Internet broker in question is a fraudster.
Global Experts Contact information and Documents
Analyzing the information on Weglobalexperts.com our experts have discovered a lot of dubious digital official documents that can be easily made using a graphic editor. They are not confirmed by official organizations, which means you cannot trust them.
If an online broker is not affiliated with regulatory firms, then its traders simply have nowhere to turn for help.
On the "Contacts" page, our experts 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 earn money using the Forex market of an online broker? Make sure that you can take away his finances.
Having studied the user agreement on the official website of Global Experts, our experts did not find clear information about the methods of money withdrawal. In addition, our employees saw the mention of fines for the lack of activity of a personal account, while there was no data about the amount. Since criminals do not act in the official field, it is impossible to cancel these levies.
Because of this, if a trader has completed cooperation with Global Experts, he may be disturbed by calls and write messages demanding to repay the fine.
How does Global Experts work?
The method of finding new users, which Global Experts uses, is also alarming.
Fake social media accounts are used for advertising, in which fake bloggers broadcast how they instantly managed to get rich working on Forex with the help of Global Experts. Bots demonstrate expensive cars and clothes, trips to resorts and other indicators of a well-off life.
Bots guarantee instant earnings, for which it is not necessary to study or make a lot of effort.
When a client gets in touch with scammers, Global Experts employees report about the reality of rapid earnings, as well as about the unique features of their programs that will allow you to immediately get a big profit.
After that, all sorts of manipulations go into operation, making it possible to get the maximum number of deposits from the trader. For example, a client can arrange a small profit to inspire him to invest even more money.
If the work on Forex is unprofitable, the personal manager will recommend transferring more in order to compensate for the minus.
Global Experts managers operate according to methods that have been developed by experienced deceivers. They analyze information about the trader in order to put pressure on specific places, to get even more money.
In any case, it all comes down to one of the results:
- If you are going to withdraw money before you find yourself in loans, you will be fined, banned from using the balance, and will do everything to make you pay more;
- If you let the scammers drive the account into the negative, threats will come, scammers will demand to repay the fictitious debt.
Another way for Global Experts to earn money may be to transfer your personal information to third companies. Probably, as a result, it will be possible to purchase comprehensive information about you for a moderate amount of money on an anonymous community on the darknet.
It is likely that as a result of this, various scammers, sales managers, etc. will write to you more often. You should also wait for messages from colleagues of Global Experts who will offer a "refund" of lost finances, of course for payment.
Since Global Experts does not operate in the official field and maintains anonymity, they will not be forced to answer according to the current laws in England. The owners of the fraudulent company are diligently hiding and in the best case, law enforcement agencies will be able to figure out someone from the "employees".
Can Global Experts be trusted?
Only if you are going to give the criminals finances, it is better to transfer them to a good cause.
Let's briefly list the evidence indicating that Global Experts are criminals:
- There is no official residence permit;
- No trial period;
- There is no information about the owners of the organization;
- The phone number is noticed in fraudulent frauds;
- Negative score;
- Credit ratio of more than 1 to 50;
- Negative reviews;
- False information on the official website.
A detailed review of Global Experts is over. It is clear that Global Experts are scammers.
We have compiled a complete list of brokers that you cannot work with.