It is so easy to make money on the internet if you know how to go about it. This is why a lot of people are taking advantage of some basic knowledge about how the web works to grow their assets as we shall see with this Global Trades Club review.
The unfortunate happenstance is that many of the players are malicious, so they take advantage of the ignorance of investors to enrich themselves while many of the victims kick themselves why they didn’t know better.
This is the reason why every investor should make effort to run a background check on any investment offers seen online before committing their funds to the operators.
What is Global Trades Club?
This is a site that claims that it has the capacity to connect investors with investment strategies that enables them to fulfill their objectives. This is clearly an investment site that focuses on the vision of the investor according to the information on the site.
It claims that it changes the way people do business through its team that has developed revolutionary ways of getting results. The platform claimed that it was registered by the Australian Securities and Investments Commission (ASIC) and posted a certificate to buttress that.
We crosschecked the certificate and found it to be valid. That though does not make the business legitimate since we are aware that fraudsters routinely register businesses to use them as fronts to steal from people since most of these businesses are not directly registered in their names. It is a known fact that business registration is not regulated in most places.
An indictment of the Regulator (ASIC)
The ease with which fraudsters lay hold on business certificates in countries such as Australia and the UK is a source of concern. This has led to millions of dollars in losses because there are many investors that believe that sites with certificates are actually genuine.
There have been calls to scrap ASIC alleging that the agency has not regulated anything for years. According to ABC Net Australia,
“The Government should scrap ASIC and start over again. Even describing the body as a corporate regulator is stretching it, as the truth is it hasn’t regulated anything for years, writes Ian Verrender.”
This would give you an insight that you shouldn’t be convinced to invest with a site just because of a registration certificate. However, we conducted more research to gain insight into the validity or otherwise of the claims made by Global Trades club.
Disparity in Site And Certificate
Considering that the certificate of registration shows that the business was registered in 2014, it is a bit odd that the site was set up in May 2018. This is four years after the business was set up. This disparity makes it doubtful that it is actually the same business.
Why would a financial service company be without a website for four years? We suspect that the company was registered in advance with many others by the entity to be used in future. Fraudsters are known to follow trends and move from one scam to another when the previous one has collapsed.
False claim of Guaranteed Earnings
According to the site, the investor should:
“Trade cryptocurrencies and earn Guaranteed Return On Investment using our unique forex strategies”
Sites that promise guaranteed earnings are likely to have fraudsters behind them as seen from the warning from the Securities and Exchange Commission. According to SEC:
“Guaranteed returns” aren’t. Every investment carries some degree of risk, and the level of risk typically correlates with the return you can expect to receive. Low risk generally means low yields, and high yields typically involve high risk. …Most fraudsters spend a lot of time trying to convince investors that extremely high returns are “guaranteed” or “can’t miss.” Don’t believe it.”
Claims of High Stable Income
The investment plans available on the site shows that it claims that it would generate stable profits as high as 30 percent every month for every investor. This is very unlikely for the cryptocurrency and forex business.
Cryptocurrencies are volatile and fraught with risks. The claim that you are guaranteed to earn 30 to 50 percent monthly is meant to lure you to make the investment. You would likely lose the funds you invested in this scheme.
Board of Directors is Fake
Most fraud sites either do not place IDs on their sites or steal identities of others and present them as theirs. The reason is obvious: they do not want to be caught by law enforcement for stealing from investors.
The Board of Directors listed on this site is not valid, as all of them are not real identities, but images from the net have been posted with false names.
Michael Maxfield, who was designated the Senior Broker is actually Greville Pabst who is a high end real estate advisor. Jones Kimchi, listed as a junior broker though not found is likely to be a fake ID too.
However, Shirley Hancock, listed as Head of Customer Relations is the founder of BTL Group, Anna Petrova. They actually stole her image from the company’s website, http://btlgroup.net/why-2018-was-so-important-for-btl-group/.
The other member, Frank Scott, the Director of operations is a real estate agent from Australia whose name is Deej Babet.
Fraud sites mostly try to gain the trust of investors by presenting themselves as legitimate businesses. They stop at nothing to create the impression that you would make a lot of profit by sending your funds to them but their real intention is to defraud you.
This is why at Cryptoinfowatch, we advocate that you invest with only regulated companies that actually have licenses to sell financial services. Here is our top recommendation.
If you have had experience with Global Trades Club, please share them with us using the comment box below. You may also inform us of any sites that you’re thinking of making investments with for counsel.