Global Clearing Group Review

Is Global Clearing Group Scam or Legit Broker? 

It is not safe to trade with Global Clearing Group, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

What is Global Clearing Group?

2pipsforex.com is a brand and operated website by the Global Clearing Group Ltd, which has been located in Dominica since its establishment. The Broker provides Forex, Crypto trading platforms with fast executions and indeed a competitive offering, while all spreads are fixed to 1 pip (Find the lowest spread forex brokers by link, also check Zero Spread Forex Brokers). The brokers claim to operate over 500,000 clients while offering a free 5,000$ bonus on account opening an extreme level of leverage up to 1:1000 (Find high leverage forex brokers by link), which unfortunately all seem to be a tricky business.

• Meanwhile, the company is located in a known offshore zone, which does not require minimum capital requirements that show company sustainability, as well does not regulate Forex businesses yet. Therefore, that means that the company operates on its own risk and management style while the client may face some manipulations or will not be compensated by any international organization in case of insolvency.
• What is more, there was a warning issued against the Global Clearing Group or its website 2pipsforex.com, while the IFSC (Belize) commission warned investors to invest in the company due to its unlicensed nature. Likely, the reviews from the traders in internet sources are rather negative than positive, while the broker shows its failures to provide a stable and reliable trading environment.

Global Clearing Group Review Conclusion

We advise all investors and traders to avoid Global Clearing Group due to its lack of regulation. Traders should trade with well-regulated brokers such as FP Markets and XM. Rather than putting capital at risk, as well as overall trading experience, it is much better to choose among the companies that have a proven history of compliance with their registered license of reputable authorities. 

Global Clearing Group Update

We found that under the Global Clearing Group website, there is a completely different company with a different scope of activities. This may mean that the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.