Globalinwest

Globalinwest is a CFD broker that is doing everything possible to convince traders that they can work with them and earn well. The website tells potential clients about activities under the control of regulators, super-fast order execution, and experienced support capable of addressing any issues. However, experienced trading participants need only a superficial look to understand that the project’s sole purpose is to gather as much money from users as possible. Disagree with us? Read on in the review, where we tell the truth about these scammers.

Overview of Globalinwest

To get the first impression of a broker, traders turn to its official website. This is where you can find maximum information about any project. We will also follow such a tradition and start the review.

Broker History

Globalinwest can rightfully be considered a champion of brevity, as it provides almost no information on its official website. However, some details from the company’s history have been found. On the homepage, we are informed that the broker has been operating since 2015 (8 years), with three years under the control of regulator(s), though unspecified. During this time, the platform claims to have attracted over 1 million clients from 13 countries. These are quite respectable results, but we have reasons to doubt the accuracy of such statements. Therefore, we will later verify the published information from founders.

Globalinwest.com Website

The broker’s official website looks quite presentable in terms of design. Web designers managed to choose successful color combinations and use graphics moderately to illustrate the content of textual blocks.

Unfortunately, not everything went smoothly. For instance, statistics don’t update after switching from Polish to English, and some links on the homepage lead nowhere. However, these issues almost don’t spoil the overall impression.

Content managers, on the other hand, did much worse with their tasks. We have already mentioned that Globalinwest could confidently receive an award for brevity. However, this is by no means a compliment. The developers created a website of less than a dozen pages and tried to give the impression that the information on them was sufficient for any trader. However, we know for sure that this is not the case:

• Information about payment methods, as well as the parameters of financial operations (depositing and withdrawing funds), is completely absent.
• There’s no description and specifications of contracts for available asset groups.
• Traders are not offered any analytical materials, not even basic ones like an economic events calendar.

There’s a persistent impression that the creators of the Globalinwest website pursued the sole goal of making a mark on the internet. No one even thought about the necessary and useful content. This is exactly how scammers behave for whom the official website is not a source of new clients.

Registration Process and Personal Account

The registration process with Globalinwest is also not in order. More precisely, users don’t have the ability to create an account themselves. All links to open an account lead to the login form. The registration form is completely absent.

This once again confirms that Globalinwest not only doesn’t encourage but also doesn’t accept self-registration of clients. It seems that individuals can become account owners in the company in two ways:

• Users invited by the broker’s representatives, for example, during cold calling based on phone numbers (often obtained illegally).
• Traders who, unable to find a registration form, contact ‌platform support and demonstrate their willingness to fund accounts and trade specifically in this project.

In both cases, the company gains loyal clients who will bring “live” money to platform owners. However, it can be stated with certainty that there won’t be experienced traders who can identify a fraudulent project among them. The main audience will consist of newcomers, driven by the desire to earn quickly and abundantly. It’s needless to explain how cooperation with Globalinwest will end for them.

Naturally, the inability to undergo registration deprives traders of the opportunity to explore the functionality of the broker’s personal account. What personal data is required, how their verification process works, whether the security system functions — remains unknown.

Trading Platform

Globalinwest claims to provide traders with the opportunity to execute trades on one of the most popular platforms for trading currency pairs and CFDs — MetaTrader 5. Its advantages are well-known to everyone. However, we have doubts about whether a user will actually have access to this terminal.

There are very weighty reasons for this:

• On the main page of the website, there are links to download the platform. However, they only allow downloading versions for mobile devices (leading to Google Play Market and the App Store). However, only one of them works for Android-equipped devices. Why the link for iOS does not work, and why desktop and browser applications are unavailable, remains unclear to us.
• Connecting the application to the Globalinwest trading server after installation seems impossible. The reason is simple — it is not listed among the MetaQuotes server options. It appears that either the broker is using an illegal copy of the software, or (more likely) its actual trading platform has no connection to MetaTrader 5.

The latter fact finds indirect confirmation in the fact that the official website does not even mention the possibility of using a demo account. All owners of legal software copies receive this option as part of the basic MetaQuotes package.

Contacts

On “Contact page”, the company provides all the communication options for visitors or clients to connect with its representatives. It is worth noting that the set is quite ordinary. Traders can use:

• A feedback form.
• Email support@globalinwest.com.
• A phone call at +48725968344.

In the page footer, you can easily find the address of the organization that owns the broker: 22 Kildare Street, Dublin 2, Ireland. However, its presence not only does not clarify the situation but further complicates it: the Irish registration address and the Polish phone number look quite unusual.

The only positive aspect is that the phone number belongs to the country mainly targeted by Globalinwest (Poland). At least someone here cared about traders, not forcing them to pay extra for communication services.

Analysis of Services Offered by Globalinwest

A superficial acquaintance with the broker has shown that in its dealings with traders, it employs approaches typical of scammers. Let’s evaluate what Globalinwest can offer ‌its clients.

Funding and Withdrawal

On the official website, questions regarding the execution of financial transactions are not reflected at all. While one could examine the organization of payments in the Personal Account, it’s also inaccessible because we were unable to obtain a valid account.

Therefore, we have a very rare case where we can’t say anything about the methods of depositing and withdrawing funds, the conditions of operations (limits, durations, etc.). We don’t even know if Globalinwest shows its own requisites. Although something tells us that the broker prefers to keep them secret to avoid coming under the scrutiny of financial and, more importantly, tax authorities.

Globalinwest Trading Conditions

Regarding trading conditions, the broker is not too generous with information here either. The only source of this data is the table with types of accounts published on the Globalinwest website. However, the trading conditions are covered quite modestly here.

So, traders are offered only three tariff plans:

• Basic.
• Platinum.
• Premium.

The broker didn’t bother to specify even the minimum deposit for them. The only mention of it is on the same main page, where it’s stated that trading can start with $250.

However, in the table of account types, you can see the maximum leverage for each: 1:100, 1:200, and 1:400, respectively. There are also spreads and swaps, expressed in percentages. However, this information won’t tell the trader anything — a 20% spread or a 10% swap with an unknown initial value remain useless figures.

Unique Features

On the other hand, Globalinwest’s service package includes bonuses. Their size for Platinum accounts is up to 30% of the deposit amount, and for Premium accounts — up to 100%.

However, traders should not rejoice — these funds will need to be worked off, and with a fairly high coefficient. For every $1,000 bonus, a trading turnover of 250 standard lots must be provided.

In addition, all withdrawals from the trading account remain blocked until the bonuses are worked off. However, the most “pleasant” thing is that traders are not asked whether they want to receive such “gifts” — the accrual is made automatically.

It should also be noted that the presence of bonuses completely contradicts Globalinwest’s claim to operate under the control of reputable regulators. These organizations prohibit the use of bonus funds to attract clients.

Is Globalinwest Trustworthy and Reliable?

In fact, there’s no doubt that we are dealing with a scam project. However, official information about it should make the final judgment.

Assessing Legitimacy

We have already mentioned the information placed in the footer of the official Globalinwest website about the registration address in Ireland. Moreover, the registration number of the company is also provided here. We just need to verify the provided information.

Checking in the Irish registry yielded no results (neither by number nor by the name of the company, Business Investorsado Inc). As a precaution, we even looked into the Polish registry (after all, the Polish language on the website and the phone number in Poland hinted at the main field of activity in this country). However, the search results were not found here either.

Thus, Globalinwest is another virtual broker existing only online and without official registration. Accordingly, there’s no talk of any licenses either — regulators don’t issue permission documents without an official legal entity. In addition, neither liquidity providers nor quote providers work with such “brokers”. Consequently, trading on this platform is only simulated. In reality, the trader concludes deals with an unknown counterparty.

Established Track Record

We promised to return to the history of Globalinwest, which, according to legend, has been going on for 8 years. We just need to check the authenticity of this data. And it’s very easy to do this — just use Whois service, which stores information about the date of domain registration.

The obtained information completely contradicts the legend of Globalinwest. It turns out that the domain for this service was registered only in September 2023. Accordingly, this pseudo-broker has been operating for about three months, not 8 years, of which 3 are under the control of regulators.

Judging by how things are going on this platform, it is not destined to exist for long. Three months of operation are already more than half of the term, so the likelihood of a scam increases with each passing day.

Implications for Traders

Globalinwest is a typical representative of virtual platforms masquerading as CFD brokers. It lacks official registration and licenses, and the information on the website is either useless or unreliable. The funds sent by traders will undoubtedly be securely kept for the platform’s own needs, but there are no plans to return them. To avoid disappointment and stress from a scam, it’s strongly recommended not to engage with this platform.

Strengths and Weaknesses