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ForexTrade

Operating status: SCAM

Website: http://globalforexmart.com/

Broker violations and abnormal records
  • Aug 08, 2022 BrokersView has Reviewed that ForexTrade is an Unregulated Forex Broker

    ForexTrade claims it is one of the fastest growing online trading platforms in the world that provides real-time financial services and has more than 15 years of experience in this market. But when we checked its domain, we found it was newly created on 24 Jun 2022. So how could where are its 15 years of experience from? It is a red flag here.

    Besides, ForexTrade shows its company address is in Visakhapatnam, India. However, as per the information we hold, India does not have any regulatory bodies that issue licenses for forex trading or regulate entities engaging in forex services. That means ForexTrade is not under valid regulation by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.  


    ForexTrade claims it is one of the fastest growing online trading platforms in the world that provides real-time financial services and has more than 15 years of experience in this market. But when we checked its domain, we found it was newly created on 24 Jun 2022. So how could where are its 15 years of experience from? It is a red flag here. Besides, ForexTrade shows its company address is in Visakhapatnam, India. However, as per the information we hold, India does not have any regulatory bodies that issue licenses for forex trading or regulate entities engaging in forex services. That means ForexTrade is not under valid regulation by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • Oct 26, 2025 BrokersView has identified that ForexTrade's website is currently offline

    BrokersView found that the domain "http://globalforexmart.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

    BrokersView found that the domain "http://globalforexmart.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.