Global Coin FX Trade has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Market...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Global Coin FX Trade said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Detailed reporting|Multiple order types|Helpful community forum|Fast support response
Cons: Research section could be deeper|Desktop app not available on Linux
I experienced a security concern with my Global Coin FX Trade account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Copy trading available|Professional team|Portfolio tracking tools
Cons: Minor UI glitches occasionally|Limited demo account features
Opened my account with Global Coin FX Trade through my accountant's suggestion and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Intuitive for beginners|Helpful community forum|Full transparency|Social trading features
Cons: Wait times can be long during peak hours|Limited cryptocurrency options
I lost a significant amount because Global Coin FX Trade did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Transparent fees|Fast support response
Cons: Nothing significant
I am in a dispute with Global Coin FX Trade over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Professional team|Detailed reporting|Fast support response
Cons: Account statements could be more detailed|Alert system is basic
I requested my data from Global Coin FX Trade under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Professional team|Regular updates
Cons: Currency conversion fee exists|No integrated tax optimization
Several red flags with Global Coin FX Trade: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I was contacted by Global Coin FX Trade through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Blocked my account|No legitimate license|Fake returns
My withdrawal request from Global Coin FX Trade has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Good mobile app|Responsive team
Cons: Nothing significant