Globe Invest Hub Review – Uncovering the Issues of the Broker

Globe Invest Hub Review

Heard of online scams? Given how common they have become, everyone is aware of them, but the scammers behind them are also quite smart. They have upped their game over the years, which means it is not that easy for people to be able to avoid them.

Setting up fake brokerages is one of the top tactics that are used these days, considering the millions of people who are involved in online trading, as this means the scammers have plenty of victims to take advantage of.

They mislead people with their offerings and then leave them high and dry after they have signed up, as evident in this Globe Invest Hub review.

What does this tell you? It shows that when you are looking for an online brokerage to sign up with, you need to do it with the utmost caution. Even one slight miscalculation can get you in trouble, so you should not be in a lot of hurry when you are doing your research.

Most of the time, people do not realize they are dealing with a scam because they are eager to get started and just skim the details, thereby missing out on some important facts.

This is one mistake you should not make because you will be depending on the brokerage to keep your funds and information safe, while providing you excellent trading services. If you opt for a fraudulent brokerage, they would obviously not do so, which could lead to disaster.

The only way you can mitigate these risks is by doing your homework and opting for a genuine company. Those do exist and you can find them, as long as you are willing to work for it.

No matter how hard the fraudulent platforms try, they cannot hide their true nature and it will become apparent when you do your homework.

They have some major issues, as in the case of Globe Invest Hub, which presents itself as a reliable and safe broker that has a lot of issues underneath the surface that it tries to hide. What are they? Check them out below:

Lack of licensing and regulation

There are different elements of an online broker that are important, but no matter as much as its license and regulation. To obtain a license, the brokerage has to meet a number of requirements of the regulatory body in the region where it wants to operate.

This may be a complex and time consuming process, but the license is the confirmation of its legitimacy. It ensures that the company can be held accountable, is willing to maintain a certain standard of services and offers transparency and security to its clients.

The easiest way for you to distinguish between quality and mediocre or fraudulent platforms is by checking their licensing and regulation. The former will always have a license, while the latter will not, or they will lie about having it.

The problem with Globe Invest Hub is that the brokerage has chosen not to mention anything about regulation on its website. Rather than making false claims, it has opted to gloss over the topic of licensing, but this does not help its credibility either.

An authentic and professional brokerage will always be open about its licensing and regulatory status, which you can verify, but Globe Invest Hub does not belong in this category. Not only has it not shared any information about its licensing and regulation status, it has not disclosed any detail about itself at all.

At the end of the day, it is an anonymous brokerage that you know nothing about. There is no corporate background, company address, or any contact information. There is not even a phone number, or an email address on their website.

Malicious bonus policy

For a long time, trading bonuses were very popular because they were thought to offer you an advantage. But, it eventually became evident that these bonuses were used to exploit traders, so regulatory bodies decided to ban them in a lot of jurisdictions.

You will find that Globe Invest Hub is offering you a trading bonus, which is common for scammers because they want to attract people to their platform. When you check its bonus policy, you will come to see exactly why this practice was forbidden.

This is because Globe Invest Hub has a very malicious bonus policy. It states that you have to meet a certain trading volume requirement before you will be permitted to make a withdrawal.

If you check the requirement, you will find that it asks you to conduct trades of at least $5 million for a bonus of $200, which is neither proportionate, nor possible. It is just a trick to prevent you from making withdrawals from your account and they can keep your money.

Lies about trading platform

The biggest offering that will draw you to Globe Invest Hub is that it is offering the MT4 trading platform. It is recognized as one of the best trading solutions in the market due to the technology and the trading tools it offers.

But, this is just a lie on the part of Globe Invest Hub because when you do register yourself, you will find that it does not have the MT4 available at all.

In its place, it offers a rather lackluster web trading platform that cannot even remotely compete with the MT4. This shows that Globe Invest Hub is just using the MT4 name to fool people.

Troubling trading conditions

The trading conditions that are offered at Globe Invest Hub are downright terrible. The spreads offered by the broker start at 2.1 pips and these are not competitive at all because legitimate companies will offer you spreads under 1 pip.

As far as leverage is concerned, you will find ratios as high as 1:100, which is just too high. The minimum deposit that Globe Invest Hub asks you to make is a whopping $10,000 and this is also excessive.

Wrapping Up

Once you uncover the issues with Globe Invest Hub, it is evident that the brokerage is fraudulent and not to be trusted.