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Global exchange

Malaysia|5-10 years|
MT4 Full License|The server is only located in China.|High potential risk|

https://www.8qqh.com/tc/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
QuanqiuhuiTechnology-Server MT4
Server Location China

Contact

info@8qqh.com
https://www.8qqh.com/tc/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

全球汇科技有限公司

Company Abbreviation

Global exchange

Platform registered country and region

Malaysia

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Unable to Withdraw

Trading platform, unable to withdraw funds

I met a Singaporean man on a dating app and asked to add Line to chat. During the chat, the conversation became more and more joyful. After gaining trust, we talked about work. He said that he was doing IT-related work and asked to invest Usdt to help make himself more relaxed and not to work hard. At first, he did not want to involve money with each other, but he was told no. Trust and hard words asked for investment efforts, hoping that it would be easier in the future, so I invested one after another. The first and second time I invested a small amount, so I was able to withdraw money smoothly. After that, the amount increased to more than 60,000. That is, it is impossible to withdraw money. I was asked to pay tax, and some asked about the tax deduction directly, but the customer service said no, and netizens who asked about it also said they had to pay it back and asked whether they should handle it (because netizens also invested half of the money). I borrowed money to pay the tax under semi-pressure, but the customer service refused to withdraw the coins. It is required to pay a security verification fee, and there are more... I asked netizens and said that it is necessary to pay, and said that the regulations are different in each place, and that it must be paid from one's own account, and is not allowed to be paid on behalf of others. I am being oppressed to borrow more to pay the verification fee. , I wanted to withdraw the coins after paying, but the customer service again refused to withdraw the coins (withdraw money). They said that the account was at risk of being stolen and that account security verification must be installed for security verification. The risk amount was more, and I couldn’t get the money to pay around 100,000. Usdt, netizens also said that they could not get it, and they asked me to show my attitude towards handling it. After that, there was no contact. I... was defrauded and reported to the police. I hope someone can help me. Thank you. I hope it will be exposed so that no one will be deceived again.

chi5010
2023-12-26 11:02

Global exchange · Company Summary

Aspect Information
Company Name Global exchange
Registered Country/Area Malaysia
Founded Year 5-10 years
Regulation Unregulated
Market Instruments Forex, CFDs, Cryptocurrencies Indices, Shares, and Commodities
Account Types Micro, Standard, ECN, and VIP
Minimum Deposit $50
Maximum Leverage 1:500
Spreads Starting from 0.1 pips
Trading Platforms MT4, WebTrader, and cTrader.
Demo Account Yes
Customer Support Email and Phone
Deposit & Withdrawal Bank Transfer, Credit/Debit Card, and e-Wallets.
Educational Resources Tutorials, Webinars, and eBooks.

Overview of Global exchange

Global Exchange, a trading platform based in Malaysia with a 5-10-year history, offers a diverse array of market instruments, including Forex, CFDs, Cryptocurrencies, Indices, Shares, and Commodities. The platform operates without specific regulatory oversight, making it crucial for traders to carefully evaluate associated risks. Traders can choose from various account types, such as Micro, Standard, ECN, and VIP, with a relatively low minimum deposit requirement of $50 and a maximum leverage of 1:500.

Global Exchange supports popular trading platforms like MT4, WebTrader, and cTrader, providing users with flexibility and familiarity in their trading experience. The platform also features a Demo Account for users to practice and explore its functionalities without financial commitment.

Overview of Global exchange

Regulatory Status

Operating without regulatory oversight, Global Exchange functions as a trading platform that isn't subject to the authority of any financial regulatory body. Traders and investors must recognize that this lack of regulatory supervision can introduce additional risks. In unregulated settings, clients might find their options for resolution and protection limited in cases of disputes or unexpected problems. It is crucial for individuals contemplating involvement with Global Exchange to exercise prudence and thoroughly evaluate their risk tolerance when dealing with an unregulated broker.

Pros and Cons

Pros Cons
Diverse Market Instruments Unregulated Regulation
Multiple Account Types Potentially Variable Leverage Policies
Low Minimum Deposit Platform instability
Variety of Trading Platforms Limited customer support

Pros:

  1. Diverse Market Instruments: Global Exchange provides a wide range of market instruments, including Forex, CFDs, Cryptocurrencies, Indices, Shares, and Commodities. This diversity allows traders to explore various financial markets on a single platform.

  2. Multiple Account Types: With Micro, Standard, ECN, and VIP account options, Global Exchange caters to traders with different preferences and experience levels, providing flexibility in choosing account types that suit individual needs.

  3. Low Minimum Deposit: The minimum deposit requirement of $50 makes Global Exchange accessible to a broad range of traders, including those starting with a smaller capital.

  4. Variety of Trading Platforms: Supporting popular platforms like MT4, WebTrader, and cTrader, Global Exchange accommodates traders with different platform preferences, enhancing the overall user experience.

Cons:

  1. Unregulated Regulation: The lack of regulatory oversight may pose a risk to traders, as regulatory bodies often provide a level of consumer protection and ensure adherence to industry standards.

  2. Potentially Variable Leverage Policies: While the maximum leverage is specified as 1:500, the platform's policies regarding leverage, margin calls, and other risk management practices are not detailed. Traders should be aware of these policies to manage their positions effectively.

  3. Platform instability: Technical glitches or outages can disrupt your trading activity and lead to losses. Check for user feedback regarding platform reliability.

  4. Limited customer support: Global exchange only provides Email and Phone as ways for customer support. Lack of access to responsive and readily available customer support can leave you stranded in case of technical issues or account inquiries.

Market Instruments

Global Exchange offers a diverse array of market instruments, providing traders with a versatile platform to explore various financial markets.

Forex (Foreign Exchange): Traders on Global Exchange can engage in Forex trading, involving the buying and selling of currency pairs. This market is known for its liquidity and allows participants to speculate on the exchange rates between different currencies.

CFDs (Contracts for Difference): The platform supports Contracts for Difference, enabling traders to speculate on price movements without owning the underlying asset. This financial derivative offers flexibility, allowing users to potentially profit from both rising and falling markets.

Cryptocurrencies: Global Exchange includes cryptocurrencies in its market instruments, allowing traders to buy and sell digital currencies like Bitcoin, Ethereum, and others. Cryptocurrency trading involves speculating on the price movements of these decentralized digital assets.

Indices: Traders can access indices on the Global Exchange, representing a basket of stocks from a particular region or industry. Investing in indices provides exposure to broader market trends and movements.

Shares: Individual company shares are tradable on the platform, enabling users to buy and sell ownership in publicly listed companies. Share trading allows investors to participate in the performance and growth of specific businesses.

Commodities: Global Exchange facilitates trading in commodities, including physical goods like gold, oil, and agricultural products. Commodity trading allows for portfolio diversification and exposure to global supply and demand dynamics.

In summary, Global Exchange's market instruments encompass Forex for currency trading, CFDs for speculative flexibility, cryptocurrencies for digital asset trading, indices for broad market exposure, shares for individual company ownership, and commodities for diversified investment options. This diversity caters to the preferences and strategies of a wide range of traders on the platform.

Market Instruments

Account Types

Global Exchange offers various account types to cater to different trader preferences. The Micro account requires a minimum deposit of $50 with spreads starting from 0.5 pips and leverage up to 1:100, while the VIP account, requiring a $10,000 minimum deposit, features competitive spreads starting from 0.1 pips and a maximum leverage of 1:500.

Account Type Minimum Deposit Spreads Leverage
Micro $50 Starting from 0.5 pips Up to 1:100
Standard $500 Starting from 0.3 pips Up to 1:200
ECN $1,000 Variable according to market depth Up to 1:500
VIP $10,000 Starting from 0.1 pips Up to 1:500

How to Open an Account?

Opening an account with Global exchange is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:

  1. Choose your account type: Global exchange offers three account types, each tailored to different experience levels and trading needs.

  2. Visit the Global exchange website and click “Open Account.”

  3. Fill out the online application form: The form will request your personal information, financial details, and trading experience. Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.

  4. Fund your account: Global exchange offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.

  5. Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.

  6. Start trading: Once your account is verified, you're ready to explore the Global exchange trading platform and start making trades.

Leverage

Global exchange offers up to 1:500 leverage on all account types. Leverage allows traders to control a larger position size with a smaller amount of margin. For example, if you have a leverage of 1:100, you can control a position of $50,000 with a deposit of $100.

Leverage can amplify your profits, but it can also amplify your losses. It is important to use leverage wisely and to understand the risks involved.

Spreads & Commissions

Global Exchange offers varying base spreads for different account types. For Forex Majors, Micro accounts start at 0.7 pips, Standard at 0.5 pips, ECN with variable spreads, and VIP accounts at 0.1 pips. Similarly, for Forex Minors, Commodities, Indices, and Cryptocurrencies, the spreads vary across Micro, Standard, and VIP accounts, providing traders with options based on their preferred trading conditions and account types.

Account Type Base Spreads (Forex Majors) Base Spreads (Forex Minors) Base Spreads (Commodities) Base Spreads (Indices) Base Spreads (Cryptocurrencies)
Micro 0.7 pips 1.0 pip 1.5 pips 2.0 pips 3.0 pips
Standard 0.5 pips 0.8 pip 1.2 pips 1.5 pips 2.5 pips
ECN Variable, typically tighter than other types but dependent on market depth N/A (Commissions apply) N/A (Commissions apply) N/A (Commissions apply) N/A (Commissions apply)
VIP 0.1 pips 0.6 pip 1.0 pip 1.2 pips 2.0 pips
Spreads & Commissions

Trading Platform

Global exchange provides traders with a choice of three distinct trading platforms, each tailored to meet diverse trading styles and preferences.

MT4 (MetaTrader 4): Global Exchange offers the widely acclaimed MetaTrader 4 (MT4) as one of its primary trading platforms. MT4 is renowned for its user-friendly interface, advanced charting tools, and automated trading capabilities through Expert Advisors (EAs). Traders benefit from real-time market analysis, customizable indicators, and a comprehensive suite of trading tools, making MT4 a preferred choice for both novice and experienced traders.

WebTrader: Global Exchange provides WebTrader as a web-based trading platform, allowing users to access their accounts directly through web browsers without the need for downloads or installations. WebTrader offers flexibility and convenience, enabling traders to execute trades, manage positions, and analyze markets seamlessly from any device with internet access. This platform is particularly suitable for those who prefer trading on the go or from different devices.

cTrader: Another featured trading platform on the Global exchange is cTrader. Known for its intuitive interface and advanced trading features, cTrader provides a user-friendly experience with fast order execution. Traders using cTrader can access a wide range of tools for technical analysis, algorithmic trading, and risk management. The platform is designed to enhance the overall trading experience with its sleek design and robust functionalities.

In summary, Global Exchange caters to diverse trader preferences by offering MT4 for its comprehensive features and automated trading, WebTrader for convenient web-based access, and cTrader for a user-friendly interface and advanced trading capabilities. Traders can choose the platform that aligns with their preferences and trading style for a seamless and efficient trading experience.

Deposit & Withdrawal

Global Exchange offers a variety of deposit methods, each with its associated fees and processing times. Bank transfers incur fees ranging from $0 to $25 and take 1-3 business days, credit/debit card transactions have fees ranging from 1-3% with instantaneous to 24-hour processing, and e-wallet deposits with fees ranging from $0 to $10 are processed instantaneously to within 48 hours.

Method Fees Processing Time
Bank Transfer $0-$25 1-3 business days
Credit/Debit Card 1-3% of transaction amount Instantaneous-24 hours
E-Wallets $0-$10 Instantaneous-48 hours
Deposit & Withdrawal

Customer Support

Global Exchange provides customer support through Email and Phone channels. Traders and users can reach out to the support team via email for detailed inquiries and communicate directly through phone calls for more immediate assistance. This dual-channel approach aims to cater to diverse communication preferences, offering users the flexibility to choose the method that best suits their needs for addressing account inquiries, technical issues, or general assistance.

Educational Resources

Global exchange extends a robust array of educational resources to empower its users:

Tutorials: Global Exchange provides tutorials as part of its educational resources, offering detailed guides and step-by-step instructions to help traders navigate the platform effectively. These tutorials cover a range of topics, from fundamental concepts to practical aspects of trading, providing users with a structured learning path to enhance their understanding of the trading environment.

Webinars: Global Exchange conducts webinars as interactive educational sessions, led by industry experts. These live presentations cover a variety of topics, including market analysis, trading strategies, and platform features. Webinars allow traders to engage in real-time discussions, ask questions, and gain insights from experienced professionals, fostering a dynamic and interactive learning experience.

eBooks: The platform's collection of eBooks serves as a comprehensive resource for in-depth learning. Covering various aspects of trading, such as market trends, technical analysis, and risk management strategies, these digital publications provide traders with valuable insights. eBooks offer the flexibility to delve into detailed content at their own pace, making them a valuable resource for self-directed learning and skill development.

In summary, Global Exchange's educational resources encompass tutorials for structured learning, webinars for real-time interaction with experts, and eBooks for in-depth insights. These features aim to cater to different learning preferences and levels of expertise, empowering traders with the knowledge and skills needed to navigate the financial markets effectively.

Conclusion

Global Exchange has both positive features and concerns that traders should carefully consider. The platform offers a diverse range of trading options and account types, making it accessible to various users. The support for popular trading platforms is also a plus. However, the absence of regulatory oversight is a significant drawback, potentially posing risks for traders. Uncertainty about leverage policies and the possibility of platform instability are additional concerns that users should take into account.

In deciding whether to use Global exchange, traders should weigh the platform's accessibility and features against the potential risks associated with its unregulated status, technical concerns, and limited customer support.

FAQs

Q: Is Global Exchange a regulated trading platform?

A: No, Global Exchange operates without regulatory oversight.

Q: What market instruments are available on Global Exchange?

A: Global Exchange offers a diverse range of market instruments, including Forex, CFDs, Cryptocurrencies, Indices, Shares, and Commodities.

Q: What types of accounts does Global Exchange provide?

A: Global Exchange offers Micro, Standard, ECN, and VIP account options, catering to traders with different preferences and experience levels.

Q: What is the minimum deposit required to open an account on Global Exchange?

A: The minimum deposit on Global Exchange is $50.

Q: What is the maximum leverage offered by Global Exchange?

A: Global Exchange provides a maximum leverage of 1:500.

Q: Does Global Exchange have a demo account for practice?

A: Yes, Global Exchange offers a Demo Account for users to practice trading.

Q: Is there negative balance protection on Global Exchange?

A: The overview does not specify whether Global Exchange provides negative balance protection. Traders should inquire about this feature to manage risks effectively.

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FX1565313409
more than one year
I deposited money, but when I tried to withdraw, they told me I had to pay taxes first. It caught me by surprise, and the lack of upfront information was disappointing. Transparency matters, and it felt like Global Exchange fell short in that aspect.
2023-12-20 18:48
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