Is Trade Global Market a scam or legit broker?

No, it is not safe to trade with Trade Global Market. It is owned and operated by TGM Financial LLC, and claims to be located in Tbilisi, Georgia.

Trade Global Market claims to be a leading online trading brokerage specialized to provide individuals and organizations with services in international financial markets. The broker offers to trade with various currency pairs, as well as in Gold (Spot), Silver (Spot) and CFD as well as indices.

According to the website, Trade Global Market is a regulated entity and it provides a registration number. Since the broker is located in Georgia, we have checked this number with its local regulator register, the National Bank of Georgia. There is no record of Trade Global Market or TGM Financial LLC being registered in Georgia. Also, the broker provides contact numbers with British phone code, which could mean the company is based or somehow associated with the UK and therefore should be authorized by the UK’s Financial Conduct Authority. However, it doesn’t hold FCA license and is not authorized to offer its financial services in the country.

We have also noticed that the company’s address provided on the website actually belongs to Zixipay Limited, a Georgian based Payment Service Provider registered and authorized by the National Bank of Georgia. It means that Trade Global Market has been using the address of the authorized entity to delude the customers.

We advise all investors and traders to avoid Trade Global Market and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and XM.com.

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4 responses to “Trade Global Market”

  1. the money is transferred to Bi stamp on a bit stamp account who ar relocated in the UK.
    What is the risk ? that your invested money will never been transfered agin to your own bank account?
    Are we insuranced for this?

  2. Przestrzegam z całego serca przed Glob-markets.com . Są to oszuści, który wydzwaniają po kilkanaście razy dziennie namawiając do wpłacenia na ich platformę pieniędzy. Obiecują stopę zwrotu w wysokości 300 – 500 % w jeden miesiąc ! . Nie dociera do nich, że nie jestem zainteresowany. W życiu nie spotkałem się z tak upierdliwymi ludźmi.

    Przestrzegam nie wpłacajcie żadnych pieniędzy. BIG SCAM !!!

  3. Be carefully. CTB stole my all money. Financial analist was stopped to contact with me after 3weeks from signed a document and sent money for Malta. It was 5.000euro. I lost it. Nobody care he lied me that i can cash my money back when i need. I controlled everything with my transactions and i had available 7,500USD so i sent a form about withdraw. I was waiting for confirmation. I called 100times to support CTB. What with my money?Saddenly i saw that somebody bought a lot of stocks and sold at a loss. This is theft. Liars.

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