Global Markets Ltd. has been flagged by The Dutch Authority for the Financial Markets for "Fraud and Other Types of Misconduct". The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Global Markets Ltd.. This company is a suspected boiler room, a form of online investment fraud. Global Markets Ltd. has approached persons without being asked, to offer them investment proposa... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: https://globalmarketltd.com/.
I referred a friend to Global Markets Ltd. through a financial advisor. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Detailed reporting|Full transparency|Market news feed|Responsive team
Cons: Some tools only available on higher tiers
I gave Global Markets Ltd. a fair chance. After since I retired last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Multi-device support|Portfolio tracking tools
Cons: Limited social trading features|Account statements could be more detailed
I lost a significant amount because Global Markets Ltd. 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: Reliable uptime|Economic calendar|Good analytical tools|Social trading features
Cons: Website design could be more modern|No integrated tax optimization
After seeing ads for Global Markets Ltd. online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by The Dutch Authority for the Financial Markets. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Flagged by The Dutch Authority for the Financial Markets|Cannot verify credentials
Global Markets Ltd. changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Segregated accounts|Economic calendar
Cons: Minor UI glitches occasionally
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 Markets Ltd. said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Clean UI|Easy withdrawals
Cons: Website design could be more modern
The so-called education at Global Markets Ltd. is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since I opened my account last year thinking they would help me learn.
Pros: Fast support response|Customizable dashboard|Wide product range
Cons: No crypto staking|Minimum deposit could be lower
Do not be fooled by the professional-looking website. Behind the scenes, Global Markets Ltd. is disorganized and incompetent. I found them through a financial advisor and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Economic calendar|Multiple order types
Cons: Onboarding videos are outdated|Cannot customize dashboard fully
Tried to withdraw my funds from Global Markets Ltd. and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics