Anthony, a graduate of a prestigious financial university, initially aimed to work at one of the country’s leading banks. However, his passion for travel and desire to explore global financial markets seemed to pull him in a different direction. Ultimately, Anthony chose not to confine himself to a conventional job and dedicated himself to studying global financial markets remotely. Anthony became a professional investor, and in his free time, he delights us with his engaging articles. We can’t decide which we enjoy more: his thrilling stock market stories or his adventures from various corners of the world.
Our Glofen review reveals a company that presents itself as an investment platform and Forex/CFD broker. We must disappoint those who think they can make a good profit here. The only realistic outcome for its clients is the irreversible loss of all their invested money. We have gathered numerous arguments to support this viewpoint. Want to see them? Read on.
It was hard to expect a company that aims to take as much money from its clients as possible to have a thoroughly developed website. Glofen fully confirmed this expectation.
Even its main page looks like a dumping ground for all the materials the webmasters could come up with. We found neither logic nor a clear system here.
Instead, we found numerous small and not-so-small flaws. For example:
If Glofen’s creators thought they could improve their reputation this way, they were deeply mistaken. After finding all these absurdities within two minutes, we would never consider cooperating with such a project.
Glofen has set a real record in terms of the number of contacts available to users. Potential and current clients can use Live Chat to reach company representatives. There are no other options.
Obviously, a company with a history of at least three years and a daily trading turnover of $1.3 trillion (nearly a quarter of the entire Forex market), working with 200,000 registered users, knows a lot about frugality. Otherwise, it’s hard to understand why it doesn’t even have a virtual office, phone number, or email address.
There are links to social media profiles placed in the footer of the pages (by the way, different on each page). However, as we mentioned, Glofen has no groups or channels, and all such links direct visitors to the main page or the About section.
We somehow think that the contacts of a reputable company should look different. Either our understanding is wrong, or Glofen is not quite a reputable company.
Glofen’s conditions look outstanding. For example, the company has developed five investment plans for clients with different starting deposits and levels of profitability:
In terms of annual profitability, this ranges from 350% to nearly 1500%. It turns out that all the world’s investment geniuses have gathered at Glofen, as they can guarantee clients such profits and still leave something for themselves. The rest can only marvel at these annual returns and receive prestigious awards for it. The employees of this company do not bother with such trivialities.
It’s worth noting that there is no mention of investor risks. Apparently, for the team working on this platform, they do not exist.
Those who wish to trade independently are also offered super conditions. Can you call a 1:1000 leverage anything else? Neither can we, especially when it comes to currency pairs or crypto futures.
We can say that Glofen has found a goldmine. With the conditions the company offers, clients will quickly lose their deposits. However, the platform will have the opportunity to make payouts to investors (but not to all, only to those with small deposits). This means improving its reputation and attracting new clients. This will work up to a certain point, but the outcome is clear — the firm will cease operations, taking all the invested money with it.
The company confidently assures users that it operates completely legally and traces its history back to 2019/2020. On the Company License page, it even displays a copy of a document in Swedish, likely expecting no one would bother to read or verify it.
However, we decided to take a look at this “license.” First, since the company presents itself as Glofen Limited and mentioned documents from Sweden, we checked if such an organization is listed in the local registry.
The negative search result didn’t surprise us. The document that the company calls a “license” turned out to be a certificate of registration for a private entrepreneur, an economist named G. Löf. What relation does he have to the company in question? None. His name doesn’t even appear on the team list.
No mentions of the company’s registration were found in any other registry. This means that the platform only exists online and cannot be called an investment company or broker. Moreover, it lacks a brokerage license (which cannot be issued without registering a legal entity), making its activities completely illegal.
Checking the company’s existence period also didn’t disappoint us. We already mentioned that the About page refers to a start date in 2019/2020. According to the whois service, the domain glofen.com was registered on October 29, 2019.
However, the creators’ joy over the successfully confirmed legend is quickly dampened by web archive snapshots. They show that the domain belonged to GTR Global Care, a company producing dietary supplements, for a long time. The current owner acquired it and launched their site only in early 2024. It seems the clients were again deceived with fake information about the company’s age.
Evidence that the project started very recently is the meager number of Glofen reviews online. For example, we only found such comments on Trustpilot. The dates start from June 13, 2024. Of course, the authors lavishly praise the company, stating it met all their expectations and that they trust it completely.
Opinions on thematic portals dedicated to domain and site analysis differ. Here, Glofen didn’t even score 10 points out of 100. We’re not surprised, having seen scammers hiring authors for positive reviews and image creation before.
Overall, the Glofen review showed that the company cannot be trusted. Working without registration and brokerage without a license puts an end to any notions of its legal activity. The conditions leading to extreme risk for clients unequivocally indicate that this is a scam. Client funds in the company’s accounts can quickly disappear. Therefore, we wouldn’t recommend depositing any money.
I’ve used Glofen for several years and have been consistently satisfied. Withdrawals and deposits have been smooth, support responds quickly, and my portfolio performance has met my expectations. Recommended for investors who want a managed, multi-asset approach.
Glofen is an amazing platform based on incredible performance and is absolutely unique.
With its impeccable safety record, glofen.com is the go-to platform for anyone looking for a seamless and secure online experience.
I’m impressed so far. Once I recoup my initial investment, I’ll start referring others.
The compensation plan is impressive. Glofen has received the highest reviews I have seen on any site, though I have only examined it superficially.
Yesterday, I had a problem depositing funds in my Glofen account. I immediately contacted support through live chat for assistance. Within a few hours, my issue was resolved. Excellent service and great job!
Honestly, I don’t fully understand the specifics, nor do I really concern myself with those details enough to worry about Glofen. As long as they maintain their position, remain transparent, and protect their assets, I am confident in the project. Given that the review covered everything comprehensively, it’s up to you, but as long as the community support remains strong, I don’t think it’s fair to label Glofen as a scam. It has been working perfectly for us and has significantly improved our trading experience. That’s why we chose Glofen.com for trading solutions.
I was very excited to easily make a deposit into my Glofen account using my CashApp account. The other day, for the first time, the deposit was confirmed instantly, allowing me to continue using the service. I then withdrew my profit and received it within minutes. I asked customer service how to get the most reliable service for larger amounts and successfully built my portfolio. Additionally, I’ve created a dedicated team of people who are passionate about investing in Glofen. The process was easy and saved a lot of time, eliminating the need for extensive explanations to my downlines. Thank you for providing this pathway to reinvest!
I didn’t quite understand what services they offer. It seems like they are a broker after all. Anyway, they didn’t respond to my inquiry about licenses, so they’re not suitable for me.