General Information & Regulation
Global Trading 247 is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with a variety of tradable financial instruments on the go, a choice of four different live account types and investment plan.
With a selection of four distinct live account types, Global Trading 247 ensures that traders have the flexibility to choose an option that aligns with their trading preferences and goals. Moreover, their customer support service operates 24 hours a day, five days a week, guaranteeing prompt assistance and guidance whenever needed.
Here is the home page of this brokers official site:
Is Global Trading 247 legit or a scam？
In order to determine the legitimacy of a broker, it is essential that they are regulated by reputable regulatory agencies such as the FCA or CYSEC. However, it has been verified that Global Trading 247 does not fall under any valid regulations. Global Trading 247 claims to be registered in the United Kingdom, but it is important to note that registration is not the same as being regulated. At the time of writing, there is no information on the website about any regulatory bodies overseeing Global Trading 247s operations. Therefore, it is advisable to exercise caution and do thorough research before opening an account with this broker.
Pros and cons
Global Trading 247 offers a wide range of trading instruments and multiple account types to satisfy the various needs of traders. The broker also offers bonuses for accounts and does not charge any commission fees. Moreover, there is a relatively abundant supply of educational resources available, including the economic calendar, Webinars, and Trading Academy.
One of the drawbacks of Global Trading 247 is the lack of regulation by any financial authority. Furthermore, the broker has high minimum deposit requirements, which could be a barrier for traders with limited capital. Additionally, it charges withdrawal fees and does not offer demo accounts. Lastly, the platform does not provide 24/7 customer support.
Market Instruments
Global Trading 247 provides a large range of market instruments, including Currencies, Stocks, Indices, and Commodities.
Currencies: Global Trading 247 offers trading in a wide range of currencies, including EUR/GBP, EUR/JPY, EUR/USD, and USD/RUB.
Stocks: Global Trading 247 offers trading in a wide range of stocks from some of the world's biggest companies, including Apple, COCA COLA, NIKE, and so on.
Indices: Global Trading 247 offers trading in a range of global indices, including the BOMBAY SE, CAC, FTSE 100, and MSM 30. This allows traders to gain exposure to the performance of a range of different markets.
Commodities: Global Trading 247 offers trading in a range of commodity markets, including gold, silver, and oil, which allows traders to gain exposure to the performance of different commodity markets.
Account Types
Global Trading 247 understands that each trader is unique and has their own trading needs and preferences. That's why they have created a diverse range of trading accounts to cater to all types of traders.
Mini Account: Global Trading 247 offers a Mini Account option, which requires a minimum deposit of $350. One of its features is a 10% bonus, which can provide additional value to traders. The withdrawal process typically takes around 10 business days, ensuring a timely and efficient transaction experience. It also provides 24/5 customer support, ensuring that clients receive prompt assistance whenever needed. Traders with a mini account also gain access to an exclusive eBook, providing valuable insights and educational resources. Additionally, Global Trading 247 provides daily market reviews, keeping traders informed about the latest market trends and developments.
Standard Account: Global Trading 247 offers the Standard Account option with a minimum deposit of $1000, With which, clients can enjoy an up to 50% bonus on their deposit. The withdrawal process takes 7 business days. Additionally, a Personal Account Manager reaches out with an introductory call to provide personalized guidance.
Executive Account: Global Trading 247 offers the Executive Account, characterized by a minimum deposit of $2500. This account comes with notable features, including up to 75% bonus, a withdrawal process that takes 5 business days, a Personal Account Manager, monthly trading sessions, 2 daily trading signals, and one session with an analyst.
VIP Account: Global Trading 247 offers a VIP account option with a minimum deposit of $5000, providing clients with exclusive benefits and personalized services. Some key features of the VIP account include custom-made bonuses, immediate withdrawal processing, a Personal Account Manager, weekly trading sessions, 5 daily trading signals, weekly sessions with an analyst, and the potential for up to a 10% payout.
The broker prioritizes customer satisfaction by offering services such as 24/5 customer support, an exclusive e-book service, and daily market reviews. These features aim to address clients' concerns and ensure that they receive timely assistance. What is a pity is that the broker does not provide demo accounts.
Investment Plans
According to the home page of Global Trading 247s website, the broker also offers its clients four different investment plans, namely Basic, Standard, Premium and Deluxe. Starting an investment plan requires a minimum initial deposit of $300, while the other three investment plans have much higher minimum capital requirements of $1,000, $5,000 and $10,000.
How to Open an Account？
Opening an account is a simple process. Please follow these concrete steps:
Visit the official website and locate the account opening section: Navigate to the official Global Trading 247 website, and then look for a prominent link or button on the website that says “Open account”.
2. Click on the account opening link: Once you find the account opening section, click on the provided link to begin the registration process.
3. Fill out the registration form: You will be directed to a registration form that requires you to provide personal information such as your full name, contact details, date of birth, and address. Ensure that the information you provide is accurate and up to date.
4. Choose the account type: Global Trading 247 may offer different types of accounts based on your trading preferences and requirements. Select the account type that suits your needs. Common options include individual accounts, joint accounts, and corporate accounts.
5. Provide identification documents: As part of the registration process, you will likely be required to submit identification documents for verification purposes. These may include a valid passport or driver's license, proof of address (such as a utility bill or bank statement), and possibly additional documents depending on your jurisdiction and the requirements of Global Trading 247.
6. Submit your application: Once you have completed all the required fields and provided the necessary documents, submit your application for review. Global Trading 247 will typically process your application and verify your information within a certain time frame.
7. Fund your account: After your account is successfully approved and activated, you will receive instructions on how to fund your account. Global Trading 247 may offer various payment methods, such as bank transfers, credit/debit cards, or electronic payment systems. Choose the method that suits you best and follow the provided instructions to deposit funds into your trading account.
Commissions & Non-trading Fees
Clients will be charged some fees if they are withdrawing for the first time. But all other withdrawals made from their accounts are free of charge, no fees or commissions shall be implemented except for charges made by banks or other financial institutions involved in the process.
Trading Platform Available
Global Trading 247 says to offer a fully functional mobile site that has all of the features of the desktop. Traders just need to enter the URL into the search engine, and then they can trade on the go with suitable devices like iPhone, Android or tablet devices.
In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
Global Trading 247 says to work with credit/debit cards, bitcoin and wire transfers. The minimum initial deposit requirement is said to be $300, and the minimum withdrawal amount is 50 units in your selected currency. The first withdrawal will be charged some fees. But all other withdrawals made from your account are said to be free of charge.
As for the processing time of withdrawal requests, it takes up to 7 business days to process. After your withdrawal has been processed it takes between 7-10 business days for a credit card withdrawal to show on your card and up to 5 business days for a wire withdrawal to appear in your bank account.
Bonuses
Global Trading 247 claims to offer some bonuses. Specifically, 10% bonus on the Mini account and Basic plan, 50% on the Standard account and plan, 75% on the Executive account and Premium plan, and custom made bonus on the VIP account and Deluxe plan, yet we cannot be sure if the bonus can be withdrawn without any limitation.
In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
Customer Support
Global Trading 247s customer support can be reached on Sunday through Friday, 8 AM-7 PM UK time by WhatsApp: +1 209-852-6835, email: info@globaltrading247.com or fill in Contact Form to get in touch. Head Office: Westfield Liverpool, Macquarie St, Liverpool NSW 2170.
Educational Resources
Global Trading 247 offers a range of educational resources to support traders in their journey toward success. One of these resources is the economic calendar, which allows traders to stay informed about market events and their potential impact. By utilizing the economic calendar as a trading tool, traders can identify key opportunities and maximize their profit potential.
In addition, Global Trading 247 has developed the Trading Academy, which is a comprehensive educational platform including a variety of resources such as video tutorials, eBooks, and other educational materials. These resources are designed to provide traders with the knowledge and skills they need to make informed trading decisions.
Furthermore, it offers free webinars conducted by trading professionals. These webinars are tailored to cater to traders of all levels of experience, from beginners to advanced. The webinars cover a wide range of topics, starting from the basics of trading and gradually progressing to more advanced strategies. With these webinars, traders can enhance their trading skills and develop effective trading strategies.
Conclusion
Overall, The Traders Domain is a broker that offers multiple market instruments, a wide range of account types, and relatively abundant education resources. However, there are also some potential drawbacks to consider, such as the lack of regulation, high minimum deposits of up to 350$, and the charge of withdrawal fees. Therefore, traders should carefully evaluate their options and conduct thorough research before deciding whether to open an account with Global Trading 247 or not.
FAQs
Q: What is Global Trading 247？
A: Global Trading 247 is a brokerage firm that offers a wide range of investment products and services to clients.
Q: How do I open an account with Global Trading 247？
A: Opening an account with Global Trading 247 is a straightforward process. Simply visit their website or contact their customer support team to initiate the account opening procedure. You will need to provide necessary identification and financial information as part of the registration process.
Q: What financial instruments can I trade with Global Trading 247？
A: Global Trading 247 offers a diverse selection of financial instruments to trade, including stocks, bonds, commodities, indices, and currencies.
Q: What trading platforms does Global Trading 247 offer？
A: Global Trading 247 offers robust and user-friendly trading platforms that cater to the needs of different types of traders.
Q: What are the fees and commissions associated with trading on Global Trading 247？
A: The fees and commissions charged by Global Trading 247 may vary depending on the specific product and trading activity.
Q: Can I get assistance from Global Trading 247's customer support team？
A: Absolutely. Global Trading 247 provides dedicated customer support to assist clients with their queries and concerns. You can reach out to their support team through various channels, such as phone, email, or live chat.
Q: Does Global Trading 247 offer educational resources for traders？
A: Yes, Global Trading 247 understands the importance of education in trading. They offer a range of educational resources, including articles, tutorials, webinars, and market analysis, to help traders enhance their knowledge and make more informed trading decisions.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
2023-02-22 09:49
2022-12-02 12:13
2022-12-02 10:10
