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GLE Markets Review | The Fastest-Growing Broker in the World or a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 3
GLE Markets - logo

GLE Markets presents itself as the fastest-growing broker in the world. It’s strange because we haven’t heard anything about such a company. There are also too few reviews about this project to draw any conclusions. Therefore, we are going to check all the data about it to make sure that it is not a scam.

Highlights

🏛️ Country Saint Vincent and the Grenadines
⚠️ Regulation
🖥️ Website https://glemarkets.com/
🎲 Demo Account No
⏳ Start Time 2022
💲 Minimum Deposit $10,000
⚖️ Minimum and Maximum Leverage
⚙️ Trading Platform WebTrader
📨 E-mail support@glemarkets.com
📞 Phone +441234919003, Whatsapp: +447799316536

First Impression of Glemarkets.com

The impression of the official GLE Markets website is not so good. The design is reminiscent of hundreds of other similar platforms. The creators did not come up with anything new. They used a standard template and added some pictures related to trading. At the same time, the broker does not hesitate to call its trading conditions the best. If everything that companies write on their websites were true, we would have no one to expose. Although there is a lot of self-promotion, there is not enough information about GLE Markets. To find out something worthwhile about it, you will need to read all the documents.

GLE Markets - website

Partnership and Bonuses

GLE Markets does not have an affiliate program. At least, nothing is written about it on the website. You can get a deposit bonus. Moreover, it reaches 100%. The company decides how much bonus funds to allocate. For some clients, it may make an exception and charge a no-deposit bonus. At the same time, GLE Markets can cancel the bonus or change its amount at any time.

Account Opening on Glemarkets.com

Registration on the site is very strange. As soon as you click on the get started button, you will be redirected to the authorization page. You won’t be able to open an account on the platform yourself. Most likely, you’ll first need to leave your contact details to the managers. They will solve this problem and help you create an account. Or GLE Markets has some technical problems, or the registration form has not yet been finalized. In any case, it is currently impossible to get into your Client Area. And this is a big disadvantage for the broker.

No registration form

Verification

GLE Markets requires the client to pass verification, but after the first deposit. You can fund your account without sending documents. Then, within five days, you will need to send:

  • Scans or photos of your passport or ID card to the broker’s email
  • Photo of a bank card, a copy of the utility bill
  • If you do not want to do this, then GLE Markets will charge a weekly commission from your account in the amount of 5%.
Pros
  • The verification process is described in detail.
Cons
  • You can fund your deposit without any verification.
  • There is a commission.

Trading Software

GLE Markets claims to provide an award-winning platform for trading. However, it is impossible to get acquainted with it without registration. Also, the broker has only a web platform. There is no smartphone app or downloadable version for PC.

Features GLE Markets Topinvesttrader  Oanda
Demo Account ✔️
Mobile App ✔️
Own Development ✔️

How Can I Trade With GLE Markets?

You will be able to trade CFDs on this platform. GLE Markets offers contracts for 6 types of assets. These include cryptocurrencies, currency pairs, stocks, metals, etc.

All Info About Accounts

The broker offers to choose from five types of accounts.

  1. Basic. However, the minimum deposit here is not at all minimal. You need to fund your account with at least 10 thousand dollars. At the same time, GLE Markets will provide only a basic set of services. You will receive a personal manager, a guide on the work of the platform, and a risk management strategy.
  2. Silver. The minimum deposit is 25 thousand dollars. Additionally, you can count on trading signals.
  3. Gold. You have to deposit 50 thousand dollars. Of the additional services here, only risk-free transactions, and practical guided sessions.
  4. Premium. The minimum deposit here is 100 thousand. In this account, you can transfer your money to trust management.
  5. Platinum. You have to deposit 250 thousand dollars. This account includes absolutely all previous offers and high leverage.
Pros
  • Additional services.
Cons
  • The minimum deposit is too high.
  • Detailed trading conditions are not described.
  • GLE Markets has no information about leverage, spreads, and other fees.

Market Analysis and Education With Glemarkets.com

Information about trading signals can be found in the description of additional services. Meanwhile, there is not a single mention of market analysis on the site.

Deposit, Withdrawal, and Fees

GLE Markets has a very interesting situation with the minimum deposit. The description of the accounts clearly states that the minimum deposit is 10 thousand dollars. In the FAQ section, the company replies that it accepts deposits of at least $300. At the same time, it recommends depositing in the amount of at least $2,500. That will supposedly give the client an advantage in trading. Among the methods of deposit, only a bank card is indicated. This question is also not covered in the FAQ.

Features GLE Markets Spotinvest IC Markets
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers
Deposit Fee
Withdrawal Fee ✔️ ✔️ ✔️

How Can I Contact It?

Among the contacts are an email address and a phone number. There is a live chat. Also, GLE Markets promises that support will respond to the request within an hour. However, traders complain that usually, the response takes much longer.

Pros
  • All contact details are indicated.
Cons
  • The support answer takes longer than promised.
  • The email address can only be found in company documents.

Is GLE Markets Dangerous?

The broker’s offers are very contradictory. GLE Markets says a lot of good things about itself, but it has not proved its exclusivity in any way. Let’s see if we can trust it.

How Long Does The Broker Work?

On the GLE Markets website, you can find statements that the broker already has more than 100 thousand clients. Don’t rush to trust them. We’ve only seen a few reviews online about it. Besides, they were left quite recently. No one wrote about such a company before 2022. Domain info confirms that it was created a couple of months ago. The site was registered on August 9, 2022.

Domain info

How Is GLE Markets Regulated?

The company says it is licensed in several countries around the world. However, the site does not include a single license number. That means that GLE Markets violates the law on disclosure of information. However, we would not rush to conclusions. Most likely, the company generally works illegally.

Legal entity check

The terms of use state that you are entering into an agreement with a legal entity, GLE Markets Management Ltd. According to legend, it is registered offshore in Saint Vincent and the Grenadines. However, the registry of this country is open. It is very easy to find a company there. And there is no legal entity, GLE Markets Management Ltd there. If the company has no registration, then it has not received a license.

Features GLE Markets Topinvesttrader  Vantage
European Zone ✔️
Asian Zone
American Zone
African Zone
Offshore ✔️

Frequently Asked Questions (FAQ)

How to Trade With GLE Markets?

You have to register and fund your account. If there are any problems at the stage of opening an account, it is better to contact the manager.

Is GLE Markets Legit?

No, this company is operating illegally. GLE Markets doesn't really have a legal registration and license.

How Risky Is It?

Trading with this broker is very risky. It has been working for only two months and has not received the necessary documents. In case of any problems, you will not be able to contact the regulator because GLE Markets works without supervision.
Kevin Berry
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Expert Opinion

You might think that GLE Markets has a good website unless you have read our other reviews. Of course, it is good only for those who are complete newbies to the world of online trading. Sometimes I think that the creators of thousands of scam sites use a random number and address generator to describe their brainchildren. And the texts are written by neural networks, by the way, now it is a very popular and promising direction! It is difficult to explain inconsistencies in dates and terms in another way, as well as the truly boundless fantasy of copywriters. Oh, sorry, I got a little carried away. This is absolutely a scam, no doubt about it.

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GLE Markets rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about GLE Markets

Bill December 8, 2022 - 10:34
Don't expect anything good from working with GLE Markets
The level of trust
Quick withdrawal of funds
Efficiency of technical support

These are scammers. They won’t even let you trade. As soon as you fund your account, they immediately disappear with your money, and your contacts will be blacklisted.

Reply
Amanda December 22, 2022 - 19:42
It's simple, they're scammers
The level of trust

God, how did I go into this… I believed in their fairy tale about beautiful life. I’m a complete zero in trading, and they promised that they would teach me everything. The manager said that they will show me how everything should be done and will help. Well, I believed that this was my chance to earn. I invested half of my savings and what do you think????? As soon as I transferred the money, they blocked my account.

Reply
Harvey January 6, 2023 - 04:20
$300 is the price of this scam
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Yes, I also decided to check out these unfortunate scammers. It cost me 300 euros. Managers require me to deposit the account for a large amount. The GLE Markets platform didn’t even open. In the end, they just started ignoring me.

Reply

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