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Glenmore Investments Review – is glenm.com scam or good forex broker?
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T rading A ccounts and Conditions
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Average Spreads|
|Standard||$250||0.1||1:200||2.4 pips on EUR/USD|
The website of Glenmore Investments provides no indications of different trading conditions, so we assumed that there is a single account type . It is commission free, with variable spread, and leverage up to 1:200.
Glenmore Investments Advanatges:
One of the few good things we can say about Glenmore Investments is that it offers its services via the MetaTrader 4 platform, like more than 80% of the brokers we are reviewing, Although launched more than 10 years ago, the MT4 is still preferred by most traders. It is easy to use, fast and reliable. Also, it has great charting and automated trading options, and if you are handy with code, you can create your own indicators and EAs.
Unfortunately, Glenmore Investments does not offer demo accounts, so we could not test its MT4. However, we managed to download it, the company providing it is Titanium Tech Solutions Ltd, while the broker claims it is operated and owned by GoldTech Media Services OU. This seems a bit odd.
>>Find a better MT4 broker Glenmore Investments is 1:200. Although most brokers provide higher ratios, we believe this will satisfy most traders. Besides, leverage levels higher than 1:200 can easily lead to heavy losses, should the market move against you
Glenmore Investments disdvantages:
– Not regulated and likely a scam
The company allegedly owning and operating this brokerage, GoldTech Media Services OU , an Estonian company, which is not regulated by any appropriate agency. It is only registered in Estonia. In addition, this company operates another brokerage brand, S2Trade. Judging by the plethora of negative user reviews on our website and in other forums and sites, it is most likely a scam. So most likely the situation is no different with Glenmore Investments.
All the more so, considering that UK’s Financial Conduct authorirty has issued an official warning against this broker.
According to the information on its website, Glenmore Investments� typical spreads on EUR/USD amount to 2 . 4 pips, which is a very high value . Most brokers offer spreads within the range of 1.0 � 1.5 pips on EUR/USD, and some even lower. For example, FxPro �s spreads on cTrader accounts are averaged 0.3 pips and involve a commission of $4.5 per lot. This means that trading costs when using FxPro amount to 1.2 pips on EUR/USD per lot, which is twice lower than the cost of trading with Glenmore.
– No demo accounts
As we mentioned in the beginning, we downloaded Glenmore Investments� MT4 but could not register a demo account and test it for the purposes of this review. This raises yet another red flag about the credibility of this broker.
– Comparatively high initial deposit
Although an initial investment of $250 is not that high, nor uncommon in the forex world, a number of reliable and licensed brokers require less. For example, one can open an account with FxPro by depositing $100.
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– No micro lots
Now, this is not a major flaw, however trading in micro lots allows (novice) traders to put less at stake.
Although Glenmore Investments offers trading in forex and wide range of CFDs on the robust MT4 platform, claims it keeps clients’ funds in segregated accounts and that even provides Negative Balance Protection, among other things, we are not impressed with its offering.
First of all, its spreads are too high, and second (and more important), this broker does not appear reliable. It does not provide free demo accounts, and it is not regulated by the Estonian Financial Supervision Authority, but only registered in Estonia. Besides, it turns out that the company behind the brand, GoldTech Media Services OU, also operates another forex brokerage brand, which appears to be scam.
Even if you are based in Estonia, as it is part of the EU, you can also do business with well-regulated forex brokerages licensed in the UK or Cyprus. In the UK, for example, forex brokers are required to adhere to the highest standards � to maintain certain capital adequacy, to keep client funds in segregated accounts, tor report transactions on a regular basis, and much more. So, if you choose a broker licensed by the UK�s Financial Conduct Authority, you can trade with the ease of mind that your money is safe. All the more so, considering that deposits with brokers regulated in the UK are guaranteed up to ?50,000 per client by the Financial Services Compensation Scheme (FSCS).
|MT4 availableN||Not regulated, FCA warning|
|Reasonable leverage levels provided||Initial deposit required comparatively high|
|No choice of trading platforms and accounts|
|No demo accounts, no micro lots|
|MT4 provided by another company|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212�s customers enjoy fast execution a vast selection of trading instruments.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it�s EU-regulated and there�s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it�s regulated in the UK, offers Metatrader 4 (MT4) and cTrader � where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Traders` reviews for Glenmore Investments
Bastards all of you gorge you have destroyed my life you know of of me
why can thay not be traced by the Banks
I have been scamed by this website. They steal all your details. Don’t use. It’s full of nasty people
Keep away from Glenmore Investments. If you hear of a George Bradley or Henry Woods, Kayak Stone that will take all your money and want you to give more to recover you loss that they make sure you don’t get any back & they keep keep it
Don’t touch them if you hear of a George Bradley or Henry Woods thay have scammed me out of two hundred and fifty thousand and keep phoning for more
I received five plus calls a day from aggressive thugs wanting my money.
I invested around 2500$ with Glenmore Investments and was told it would give me profits and that a broker would be allocated to me and a few days later the broker came back and told me to invest more money I then decided to cancel and filled in the form they requested me to fill in and they keep on sending that form and telling me to do the same thing. I told them to refund my money to this day I have not been refunded. now they respond by telling me to send another request for refund I don’t what to do.
Se invirtio bajo una opinion favorable se perdio la inversion dejandome con la unica razon que se me dio es que la inversion no fue favorable
Que es una estafa por favor no les crean nada son puros ladrones que estan sacandole la plata a gente que somos unos ilusos
Translated by Google:
It was invested under a favorable opinion the investment was lost leaving me with the only reason I was given is that the investment was not favorable
What is a scam please do not believe anything are pure thieves who are taking money from people who are deluded
Glenmore Investment Scam! Stay Away!
This Glenmore are a scam company in the GTech/MIG/Blackrock cartel, linked to other big scams as S2Trade,Toroption, BinaryUno, Trade FW, Royal Capital. There are ruled from Israel, and pretend to have their origin In U.K , Estonia.
Same problem with all this websites. Very easy to deposit, but impossible to withdraw. There platforms are not linked to he real market!! Your deposits will directly be transmitted to bank accounts in Hungary, Bulgaria, Romania, and further to the leadership.Make a report to ActionFraud in U.K, or as me, to FBI.
I wish to withdraw my concern that Glenmore has not paid out my withdrawal request, I have since received the funds
Glenmore Investments scam & took deposit
Glenmore Broker Joschua Ackman are jerk & scam deposit, starting are trusted him for top up deposit USD250 ,He spoken not enough after top up deposit total USD6,250.00 after 2weeks my account total USD9,200.00 still not enough are urged with me request business plan USD50,000.00 totaly rejected him.
Meanwhile told me buy & sell not performance of loose all my money, May i claim back USD6,250.00 . Im hopefully company Glenmore investment can give me back.
Glenmore Investments rejects my withdrawal
After dealing with them l am sti not sure what they are doing and they never called and so finally l decided to cancel and leave they rejected my withdrawal. What should l do now?
Hundreds of nuisance calls
Initially I had positive impression, however when I decided to withdraw my money I started to receive everyday phone calls with hundreds of questions „why don’t you want to be rich?” I simply decided to stop trading and my decision wasnfinal, however they simply could not understand that. The calls became unpleasant and aggressive (3-5 calls within 10 minutes) and the person on the other side was insisting to speak russian to me although I was telling him that I only speak english. The same person calling me all the time but always giving diffrent name, Howard Howardson, John Johnson, Robert Robertson etc. The same with emails – first name and initial. No transparency whatsoever. Once I withdrew my money I wanted to close account but they insist it cannot be done and my account will stay there forever, therefore I will receive the calls until at some point I just change my number. They don’t care about data protection new law etc. I think they must be desperate trying to chase me for €250 and I hope one day they will just give up and get some life.. the most idiotic people I ever came across.. stay away of them!
Very high risk
This company is constantly phoning for money to be deposited into my account. I was threatened with account closure which I gladly accepted. Still recieving calls and refusal of account closure. Account only opened for information and research.
total scam took my money and ran I did not know I was trading was told on video nowt to do all automated
Glenm investments 2nd review
just few days ago i said they r scam they are not coz i just received my money 179 USD but i had to really fight for it to get back my money so my conclusion is they r not scam or i wont get my money back simple thx
Glenmore Investments is a scam trading platform.
1. the platform not user friendly.
Glenmore investment is a scam
Glenm investments scam
They took my money and now not even returning it i put $179 usd withdrawal n till now havent recieves a single cent these guys scam do not invest with them
Glenmore Investments – don’t go near it. A sheer scam
As soon as I opened an account the end of March with Glenmore Investments I realised they were fake. By then they already had in their possession a copy of my photo driving licence, a copy of my credit card (with some digits ‘concealed’) and my £254 (290 euros).
Opened account. Read reviews. I didn’t deposit any funds thankfully. Cancelled account based on reviews and unregulated. Now receiving five plus calls a day from aggressive thugs wanting my money.
Glenmore is nothing but fake. NO one should patronize them. It’s a scam and they are there to steal from people. Don’t believe them when they tell you all these negative reviews are business strategies. Please don’t invest your cent here.
I invested R3500 – No. 1085644
I invested R3500,00 with Glenmore Investments and was told it would give me profits and that a broker would be allocated to me and a few days later the broker came back and told me to invest more money I then decided to cancel and filled in the form they requested me to fill in and they keep on sending that form and telling me to do the same thing. I told them to refund my money to this day I have not been refunded. now they respond by telling me to send another request for refund I don’t what to do
EVELYN MMUTLE 0726630143
This is an unbelievable scam.
Do not go anywhere near this company. they hook you in with a really nice video with famous people and news presenters. You give them your email and phone number to sign in and they will just continue to CALL you and CALL you. When you ask them to stop they just CONTINUE. Why would I ever put money into a business that harasses potential clients.
Glenmore investment is sucking out innocent people’s money
Animals ..people at glenmore are animals sucking out innocent people’s money may you allrotin hell . You feed your family from fooling and scamming people
A gang of scammers
Банда аферистов изображают из себя ягнят а на самом деле волки как в басне Крыьова.
Translated by Google:
A gang of scammers portray themselves as lambs and in fact wolves as in Kryov’s fable.
Glenmore investments scam
One big scam company glenmore investment. Pressure me into investing can’t lose. And lost my money then more pressure for more money. And share your information with other company. My phone never stop ringing plus lots of junk mail, try to take more money out my account. The list is endless nightmare. keep clear of GLENMORE INVESTMENTS
Complete scam artists! Do not use for investments
My mother was looking for an investments company and saw Glenmore Investments advertising on Facebook. She researched the company and found that they were established in London and were a reputable investments company. She filled out a contact form and a few days later was contacted by Glenmore Investments. From a small amount, the investor pressured my 70 year old disabled mother to make more and more investments into Bitcoin, demonstrating in 2 days he had ‘made’ a profit of over 2000 GBP. After all the pressure my mother relented and made more investments as Maek Stone (the guy who was ‘investing’ for my mother) claimed her money was not working for her sitting in her bank. He basically wore my mother down. This scam artist then informed my mother that due to a speech that President Donald Trump made in Davos, the investment collapsed and she actually owed him over 1700 GBP. In fact, he informed my mother about this before President Donald Trump even arrived at Davos!! Realizing after investing just below 10,000 GBP she had been scammed, my mother rang the police and her bank to report this. I found out about this scam when I called her and she was in floods of tears. I proceeded to call Glenmore investments (based in London) and was told that the company advertising on Facebook had nothing to do with them, they had already reported this fake website to the police and they were in fact using Glenmore investments name illegally and were based in Estonia! The real Glenmore investments had also reported this to the Estonian authorities!! This website www.glenm.com looks the real deal and to a 70 year old disabled woman who wanted to invest her money rather than waste it was totally fooled. I realise the money is gone but I want to warn others not to be set up by this con artists. We have reported this to the police, the FCA and also will be seeking legal action. The bank will be investigating this as fraud and hopefully something will be done. Do not use this company at all. well not unless you are willing to loose all of your money! When Maek Stone called my mother today he actually had the audacity to inform her she could do the recovery/release programme if she invested more money. This man has no backbone, is a leech and a pariah! I hope his parents are sickened by their son scamming innocent pensioners! I hope he is caught one day and they lock him up and throw away the key.
Scam – How do you people ever live with yourself?
You’ll are a scam. You’ll wiped my bank account. I trusted you and thought that I was making a good investment in cryptocurrencies
bitcoin. You’ll asked me for a deposit of 250 to take out 3800 which got rejected because of insufficient funds, you then withdrew 3206.76. How do you people ever live with yourself when you rob innocent people of their little that they have.
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Forex Brokers Lab
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Regulators : �
Minimum Deposit: $250
Maximum Leverage: 1:200
My Score: 1.0
Glenmore Investments is one of the fairly new forex brokers established in January 2020. Since January, it has been serving forex traders. I can even say that they have a pretty good trend. In a short period of time they managed to reach a large number of investors. I have to say that they are successful for such a new broker.
Let�s come to the most important points� Is Glenmore Investments scam or a reliable broker? How can we understand that? Which criteria do you need to consider? What are the account types and spreads offered by Glenmore? What are the deposit and withdrawal methods? Are there any withdrawal problem? In this Glenmore Investments review you can find the answer to all of these questions.
Regulation is one of the most important issues for forex brokers. As you can see, many investors are still ignoring the importance of regulation. One of the reasons for this is that newly established brokers on the market have difficulties in obtaining licenses but offer advantageous offers in terms of trading conditions like lower spreads, better account types or higher leverage. Due to the advantage of these better trading conditions, investors may not care about regulation.
Despite all this regulation is a very important criteria. It may be difficult for a new broker to fulfill the conditions mandated by regulators such as FCA or CySEC. Because these regulators really have very strict rules. To get over this, new brokers have licenses that are more readily available. They are trying to offer better trading conditions to close the gap.
It is understandable to obtain a license from less reputable regulators. But being unlicensed is not acceptable. Because there is no regulator that investors can apply if they meet any problem. For this reason I always recommend you to work with licensed brokers. Glenmore Investments is a brand of GoldTech Media Services LTD registered in Estonia. But there is no license from any regulator.
Account Types in Glenmore Investments
There are 4 types of accounts offered by Glenmore Investments : Mini, Standard, Premium and VIP. As you can see in the table below, the main difference between these account types is the minimum deposit amount.
There is no significant difference except for differences in the minimum deposit amount. So you do not have a major advantage if you�re funding $ 2,500 to use a standard account or $ 10,000 to use a Premium account. The Mini accounts that is offered by other brokers is a kind of nano account, usually. However, there is no difference between the standard account and the mini account type offered by Glennmore. Therefore, this broker does not have a type of account that can be traded with nano lots, where investors can test themselves or the broker.
The minimum deposit is $ 250 for the Mini account type. I can say that the amount is quite high, especially for a new, unlicensed broker. The maximum leverage is 1: 200 for all account types. Average spreads in Mini account type are 2.6 pips on EURUSD. These spread are also far from competitive.
As you can see, although 4 different account types are offered, account types are not functional and efficient.
Deposit and Withdrawal Methods
The deposit and withdrawal methods offered by Glenmore Investments are quite limited. You can use credit / debit card wire transfer as you would any other broker to make a deposit. If you want to fund with wire transfer, the minimum amount is 250 dollars. The fastest method is to make funding with credit card as it is also in other brokers. In addition to these deposit methods you can also fund with bitcoin.
There are very few ways to withdraw money. You can withdraw via refunding to credit card or wire transfer. Popular e-wallet systems like Neteller, Paypal are not available in this broker.
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