Global Wealth Trade Scam Exposed | High Return Promises, No Regulation, and Failed Withdrawals

Conclusion in one sentence

Global Wealth Trade claims to provide foreign exchange and CFD trading, but it is not subject to any regulation. I personally experienced withdrawal failures, and my funds were frozen and required to pay additional fees, which completely exposes its fraudulent nature.

1. Platform Overview and Packaging Specifications

• Website : globalwealthtrade.xyz

• Business scope : Foreign exchange, CFDs, cryptocurrencies, stocks.

• Marketing highlights :

• "Global foreign exchange platform, low spreads and high returns"

• Multiple account types are available, with a minimum deposit of $250.

• It promises "2% daily returns" and provides "fund isolation protection".

Key points of differentiation : Unlike Fusion FX , which offers high leverage, Global Wealth Trade focuses on "high return promises" and completely ignores fund security and regulatory issues, seemingly attracting users through "false profit promises."

II. Account and Trading Conditions

III. Supervision and Compliance Verification

• FCA (UK) : No record found 👉 FCA official inquiry

• ASIC (Australia) : No records 👉 ASIC Connect

• CySEC (Cyprus) : No registration 👉 CySEC official directory

• Conclusion : There is absolutely no supervision, and all the propaganda about “fund isolation” and “global compliance” is false.

4. Personal Experience (Registration – Deposit – Withdrawal)

1. register

• You only need an email address to open an account, no KYC process.

• This is significantly different from the mandatory identity authentication required by compliant platforms (such as IC Markets ).

2. Deposit

• Supports bank card and cryptocurrency deposits.

• A test deposit of $250 USDT was made, and the arrival time was about 1.5 hours.

3. trade

• Using WebTrader, the functionality is simple and the market depth cannot be verified.

• There is slippage when placing orders, and execution is delayed by 2–3 seconds.

4. Withdraw

• Submitted a withdrawal of $100, but it has not arrived in 72 hours.

• Customer service requires payment of "withdrawal fee + unfreezing fee".

• The withdrawal failed and the funds cannot be retrieved.

Conclusion : Withdrawal interception and false promise of “high returns” fully expose its fraudulent nature.

5. Customer Service and Support

• Contact method : Only email and online form are available.

• Response time : Delayed 24–48 hours.

• Customer service attitude : Emphasizing that payment is required to unfreeze the account is a typical scam.

6. User Feedback and Public Opinion

• There have been complaints on forex forums (such as Forex Peace Army ) that "withdrawals have not been received and customer service is shirking responsibility."

• Reddit users pointed out that the “platform is similar to other scam sites and fails to deliver on its promises.”

• There was no coverage or positive reviews from any mainstream financial media.

VII. Summary of Risk Signals

• False promises : They advertised “high returns” of 2% daily profit, but these returns were not met.

• No Regulation : There is no registration with regulatory bodies such as FCA, ASIC, and CySEC, and there is absolutely no regulatory protection.

• Withdrawal failed : I personally experienced that a fee was added to the withdrawal and the funds could not be retrieved.

• Low-end technology : Using white label WebTrader, market liquidity cannot be verified.

8. Multi-dimensional risk scoring

• Transparency 2/10 : No company number, no regulatory disclosure.

• Regulatory Compliance 0/10 : Totally unregulated.

• Fund security 0/10 : Withdrawal failed and funds cannot be retrieved.

• Technical Execution 3/10 : White Label WebTrader, execution delays.

• Verifiability 2/10 : Only the domain name is available, lacking substantive information.

Overall rating: 1.4/10 (scam platform, high risk)

IX. Conclusions and Recommendations

Global Wealth Trade is packaged as a high-return promise, but it is actually an unregulated fraudulent platform. Withdrawal interception and false promises have clearly exposed its fraudulent nature.

• New users : Do not deposit.

• For users who have deposited funds : save all transaction records, apply for a chargeback, and report the case to regulators or the police.

• Alternatives : Give priority to platforms regulated by the FCA , ASIC , and CySEC (such as IC Markets and Pepperstone ).