Who is Global Experts and why it is not worth working
The Internet broker Global Experts, operating in England, is a fraudster with a bad reputation.
If we get to the official website of Global Experts - Weglobalexperts.com , then we will find that the organization under study provides services for operations on the Forex market in England. Global Experts also provides services for trading activities.
Our experts analyzed the Global Experts website, got acquainted with the working conditions, made a trip to get at least demo access to programs, investigated the availability of official papers, the place of registration of the organization.
With the help of this data, we will figure out: Is Global Experts cheating or not?
In addition, we will tell you how not to get hooked by scammers, about their working methods. We will give you all the necessary information to keep the money safe.
The Global Experts organization is located in an offshore zone
The first signal saying that Weglobalexperts.com these scammers are the state of registration. The company is documented registered in the Republic of the Marshall Islands, which is already doubtful, since the company operates in the UK. Offshore states attract the attention of scammers due to the lack of legislation and executive power.
In addition, this region does not have permits for activities in the financial Forex market.
In addition, when our experts tried to find the real address, mentions of the owners and management of Global Experts, they failed to find anything.
Similar shows that Weglobalexperts.com - an illegal broker, interaction with which can result in large monetary losses.
No information about the organizers was found Weglobalexperts.com
After analyzing the site, we have not been able to find true information about the directors of Global Experts. No physical address, no phone numbers or other ways to get in touch.
We assume that this means that the real directors are trying to hide their identities in order to avoid punishment for their actions. If it turns out to expose one of the employees of Global Experts, then this will end everything, and the real owners of the fraudulent company will remain free with money.
Global Experts, the official website - Global Experts, has been in existence for less than a month
The Global Experts website talks about a lot of experience working on Forex.
The most common way to analyze a site is to get information about its domain. As a rule, they record the period of operation of the domain name, the contact information of its owner.
In this case, the domain name Weglobalexperts.com it is valid for less than one month, and all data about the individual who possesses it is hidden. Another evidence that the owners of Global Experts are trying to remain anonymous.
This desire can be understood, but not when it comes to an organization acting as an intermediary between a trader and the Forex market.
At the same time, Weglobalexperts.com they assure their users that they have been effectively operating on Forex for many years.
Global Experts does not have a test period
For online brokers, it is a common practice to give clients a test version of their software so that they get acquainted with the interface, try out skills in Forex trading with a fake currency.
Unfortunately, on the Global Experts website, we could not find any mention of the trial period, the opportunity to try out the rograms.
We assume that the management of the Global Experts organization is most likely not going to give traders test access to their service, because some of them are able to start suspecting something is wrong.
Broker Weglobalexperts.com works with a negative balance
Registered organizations that trade on the Forex financial market do not use a negative account in their work. According to the legislation, the broker's trader is not able to spend more than he currently has on his balance sheet. In those situations when the balance goes into negative, it is not the client who is obliged to repay his debts, but the company that provided the services.
Therefore, honest Internet brokers do not use a negative balance in their work.
However, Global Experts gives its clients Forex transactions with a negative balance, that is, on credit.
Why is this necessary?
In order to drive a trader into a loan and start demanding a loan from him. This is one of the most commonly used methods of deception used by scammers.
If this happens, you need to know that fraudsters have no way to recover finances in accordance with the laws of England. All methods of influencing users are considered illegal. The most that scammers can do is call, write letters with demands.
It is impossible to cooperate with Global Experts, as any agreements will result in expenses.
Global Experts operate with a credit ratio of one to 400 and more
At this point, it's clear that Global Experts are criminals. Nevertheless, we will point out another fact, namely the presence of extremely high leverage.
The credit ratio is the ratio of the finances of traders and brokers when performing a trading operation. It allows significant trading operations to be carried out by traders who do not have free access to the corresponding money.
In order to protect traders in the Forex market, in developed countries, laws require the use of leverage with the highest ratio of 1 to thirty, sometimes fifty.
At the same time, Global Experts applies a credit ratio of 1 to four hundred for operations on the Forex market.
This ratio is legalized in Switzerland, as companies registered in this state enjoy high confidence. However, Global Experts is not registered there.
In fact, Global Experts cannot work in the Forex financial market with such leverage, due to the high risk for users. So, this is used solely to force the trader not only to transfer as much of his own finances as possible, but also to drive him into debt.
Regional offices of Global Experts
It is considered prestigious for every financial firm to have regional divisions in developed regions, even if the activity is carried out only in the UK. Therefore, Global Experts informs that in addition to an impressive number of awards, they have regional offices in Britain, Australia and other developed countries, as well as a large number of competent specialists.
It is elementary to check the availability of these offices. After all, there are industry structures that are engaged in monitoring the work of Internet brokers. In Britain, this is FCA, and in Australia, for example, ASIC.
That is, an official organization is obliged to have official documents from these or other structures that will confirm their right to provide services for trading on the Forex market, indicate the level of responsibility.
Nevertheless, after analyzing specialized websites, our experts could not find them. Which once again reinforces fears.
For registration on Weglobalexperts.com it is necessary to transfer personal data
As we mentioned earlier, Global Experts does not have a test period, and therefore, in order to gain access, you must immediately pay the Global Experts bandits a minimum contribution. Also, access to your personal account Weglobalexperts.com, really only at the completion of identity verification.
This means that Global Experts requires its users to transmit such information as
- Data about an individual;
- Data on the permanent place of residence (scans of utility payments);
- Information about the place of work, qualifications, experience.
In addition, during the initial payment, fraudsters can gain access to card data.
In combination, this information can allow scammers to spend a loan on the user, or to implement other illegal actions.
Since for registration on the official website Weglobalexperts.com , it is necessary to transfer confidential data, our experts have not been able to get access to the Global Experts personal account and services for working on the Forex market.
Reviews of Global Experts
A very important stage in exposing Global Experts is the study of feedback from traders.
A detailed analysis of the search results in search engines gave the following data
- The main part of Global Experts reviews on the Internet is false. These are the same type of positive reviews of a paid nature;
- All true reviews about Global Experts are negative. Our staff failed to identify reviews and mentions from users Weglobalexperts.com, which talk about a large income, successful trading.
- Negative mentions and comments are associated with criminal acts, theft of money, special debt creation.
In accordance with this, reviews of Global Experts indicate that the online broker in question is a scam artist.
Contact details and official documents of Global Experts
Studying 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 connected with regulatory companies, then his clients 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 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 you can take away his finances.
After analyzing the client agreement on the Global Experts website, our employees did not find any available information about money withdrawal methods. We also saw a description of the penalties for the lack of activity of a personal account, but we did not find information about their size. Since criminals do not work in the legal field, it is impossible to challenge these fines.
Because of this, if a user has finished working with Global Experts, they can call and write messages demanding to pay a fine.
How does Global Experts work?
The method of searching for users, which Global Experts uses, also raises concerns.
Fake profiles on social networks are used for advertising, in which fake bloggers spread information about how they instantly managed to earn income by working on Forex with the help of Global Experts. Non-existent people put on display expensive cars and real estate, travel to resorts and other indicators of a rich life.
Bots promise instant profit growth, for which it is not necessary to study or put a lot of effort.
When a client comes into contact with criminals, Global Experts employees talk about the possibility of instant profit, as well as about some unique features of their programs that will make it possible to immediately earn serious income.
Then all sorts of tricks go into work, allowing you to get maximum money from the user. For example, you may be drawn a fake profit in order to motivate you to give more money.
When the work on the Forex market turns out to be unprofitable, the representative of the company will recommend transferring even more to cover the minus.
Employees of Global Experts, act according to the guidelines that are created by qualified manipulators. They analyze information about the trader in order to influence specific places, pull out more finances.
One way or another, everything will come to one of two ends:
- When you are going to pick up finances before you find yourself in the red, you will be charged, banned from using assets, and will do everything to force you to pay even more;
- When you give the scammers to drive the balance into the loan, threats will come, scammers will demand to return the fictitious loan.
Another way to make a profit for Global Experts may be to sell your personal data to third companies. Most likely, as a result, information about you will actually be purchased for a moderate amount of money on an anonymous telegram channel on the shadow Internet.
Most likely, because of this, various scammers, sales managers, etc. will call you more often. In addition, it is worth waiting for messages from accomplices of Global Experts, who will begin to offer the "return" of the lost money, of course for a reward.
Since Global Experts does not act in a legitimate field and maintains anonymity, then Weglobalexperts.com it will not be possible to force to answer according to the law in the UK. The owners of the shadow firm are diligently hiding and, at best, the legitimate authorities will be able to figure out one of the "employees".
Is it worth working with Global Experts?
No way!
Only if you plan to transfer finances to bandits, it is better to spend them on a good deed.
Let's briefly list the facts that say that Global Experts are criminals
- Lack of official registration;
- No trial period;
- There is no information about the owners of the organization;
- The phone has been detected in fraudulent transactions;
- Negative balance;
- Leverage greater than 1 to 50;
- Negative reviews;
- False data on the website.
A detailed review of Global Experts is over. It is clear that Global Experts are criminals.
For your peace of mind, we have compiled a complete list of unscrupulous brokers.
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