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/10

GLOFEN

United Kingdom United Kingdom | 2-5 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://glofen.com

Website

Rating Index

Contact

https://glofen.com

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
United Kingdom
Operating Period
2-5 years
Company Name
Glofen Limited
Company Website
Account Info
Verified Site
About Us
News
Wiki Q&A
Comment

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Official Website

Verified Site

  • glofen.com
    154.49.142.60
    Server Location
    France France
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review summary

Glofen Review Summary
Founded2019
Registered Country/RegionUnited Kingdom
RegulationNo regulation
Market Instruments2,250+ CFDs, Forex, Commodities, Stocks, Indices, Bonds, Cryptocurrencies
Demo Account
LeverageUp to 1:1000
SpreadFrom 0.0 pips
Trading PlatformProprietary Platform
Minimum Deposit$500
Customer SupportLive chat

Glofen Information

Glofen is an unregulated broker that started in 2019 and is based in the UK. It offers trading on more than 2,250 CFD instruments with leverage up to 1:1000 and spread from 0.0 pips on its proprietary platform. The minimum deposit is as high as $500.

Glofen's homepage

Pros and Cons

ProsCons
2,250+ tradable CFD instruments across asset classesNo regulation
Multiple account typesUnclear fee structure
Demo accountsNo MT4/MT5
Live chat supportHigh minimum deposit
Unknown payment methods

Is Glofen Legit?

Glofen is registered in the UK, but it is not regulated by the UK's Financial Conduct Authority (FCA) or licensed by any other well-known global regulatory bodies, such as the Australian Securities and Investments Commission (ASIC) or the U.S. Commodity Futures Trading Commission. Please be aware of the risk!

No license

WHOIS records show that the domainglofen.com was registered on October 29, 2019, and is still live. The domain was last updated on October 30, 2024, and it will end on October 29, 2025. The status of the domain is “client transfer prohibited.”

Domain information

What Can I Trade on Glofen?

Glofen has more than 2,250 tradable CFD instruments in a wide range of asset types. There are 61 currency pairs, 25 indices, 24 commodities, 21 cryptocurrencies, 9 bonds, and over 2,100 stock CFDs.

Trading InstrumentsSupported
CFDs
Forex
Commodities
Indices
Stocks
Cryptos
Bonds
Options
ETFs
What Can I Trade on Glofen?

Account Type

Glofen has five categories of accounts, each with a higher necessary balance and daily return on investment (ROI). It also provides demo accounts for practicing.

Account TypeRequired BalanceDaily ROI
Silver (Trail)$5001.50%
Gold$5,0002.00%
Platinum$10,0004.00%
Platinum Pro$20,0004.50%
Diamond $100,0005.00%
Account comparison

Leverage

Glofen gives traders up to 1:1000 leverage, which means they can open trades that are up to 1,000 times the value of their actual investment. However, high leverage can greatly enhance possible earnings, but it also greatly increases the chance of big losses.

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
Proprietary PlatformDesktop, Web, Mobile/
MetaTrader 4 (MT4)Beginners
MetaTrader 5 (MT5)Experienced traders

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

News

 **Glofen.com: Elevating Global Standards with Swedish Excellence!**

News **Glofen.com: Elevating Global Standards with Swedish Excellence!**

Discover why Glofen.com is rapidly becoming a top recommendation in Sweden! Our platform is dedicated to fostering innovation and excellence, ensuring you gain the competitive edge you need in todays

Wiki Q&A

Can GLOFEN be considered a credible broker?

GLOFEN presents a highly concerning credibility profile. According to WikiFX data, the broker holds a very low overall score of 1.30, and its regulatory status is explicitly listed as 'No Regulation', meaning it operates without any valid, authoritative forex trading licenses. This absence of formal oversight, coupled with a 'Suspicious Scope of Business' classification, indicates a significant risk profile. Trading with an unregulated entity like Glofen Limited means forgoing standard client fund protections and formal dispute resolution channels typically associated with credible, licensed brokers.

04-02
United States

Is GLOFEN regulated?

Glofen Limited is not regulated. An analysis of its license portfolio confirms it operates without any valid licenses from major financial authorities such as the FCA, ASIC, or CySEC. This means there is no independent, authoritative oversight governing its operations, client fund handling, or business conduct, which is a critical consideration for traders evaluating its services.

04-02
United States

Where is GLOFEN registered?

GLOFEN is registered as Glofen Limited in the United Kingdom. The company has been operational for between two to five years. However, it is crucial to note that a UK registration does not equate to regulation by the UK's Financial Conduct Authority (FCA); this entity operates without FCA authorization.

04-02
United States

¿Cómo se calcula la puntuación de WikiFX?

La puntuación de WikiFX se calcula mediante un modelo multidimensional que incluye el índice regulatorio, el índice de licencias regulatorias, el índice de capacidad operativa, el índice de control de riesgos y el índice tecnológico de la plataforma. La escala oscila entre 0 y 10 puntos. Además, la puntuación se actualiza dinámicamente en función de cambios regulatorios, tratamiento de reclamaciones y rendimiento histórico.

Three days ago

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

¿Es posible recuperar fondos tras un fraude de inversión?

La recuperación de fondos tras un fraude de inversión puede resultar difícil, pero tomar medidas oportunas puede ayudar a recuperar parte de las pérdidas. Se recomienda conservar registros de transacciones y comunicaciones relevantes, contactar con el banco para intentar detener o congelar los pagos y presentar una denuncia ante las autoridades competentes. Además, los inversores pueden utilizar los canales de reclamación pública de WikiFX para aumentar la visibilidad del problema.

Three days ago

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

Apa itu WikiFX dan bagaimana membantu investor?

WikiFX adalah platform pihak ketiga yang menyediakan layanan pencarian informasi broker forex serta peringatan risiko. Platform ini mengintegrasikan informasi regulasi, umpan balik pengguna, dan riwayat operasional broker, serta melakukan evaluasi melalui model multidimensi untuk membantu investor memahami kondisi broker secara lebih menyeluruh.

Three days ago
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