GlobalX Review

About GlobalX

GlobalX (domain globalx.company) is not authorised by the United Kingdom’s Financial Conduct Authority (FCA); the FCA issued a public warning stating that it may be providing financial services or products in the UK without authorisation. The firm is identified on FCA’s warning list under the name “Global X / globalx.company” at the London address “Octagon Point, 5 Cheapside, London, ENGLAND, EC2V 6AA.” The warning advises avoiding engagement with this firm due to lack of access to the UK’s Financial Ombudsman Service or Financial Services Compensation Scheme.

The firm’s claims of holding licences from regulatory bodies such as the UK’s FCA (license number 940465), the Belize Financial Services Commission, or the Mauritius Financial Services Commission have not been verified in official registers. Searches in the FCA, Belize FSC, and Mauritius FSC found no matching records for GlobalX. This indicates that GlobalX is unregulated by those authorities.

Further regulatory concerns include warnings issued by other authorities: the Ontario Securities Commission (OSC) in Canada issued a warning that GlobalX is not registered to trade securities in Ontario, and the Belgian Financial Services and Markets Authority (FSMA) added GlobalX to its warning list as a fraudulent trading platform.

Pros and cons

Pros

• No substantiated positive facts found regarding regulation or account features.

Cons

• Unregulated broker with no verifiable licences from FCA, Belize FSC, or Mauritius FSC.
• Public warning by UK’s FCA for operating without authorisation; address provided is Octagon Point, 5 Cheapside, London.
• Warnings also issued by OSC (Ontario) and FSMA (Belgium) listing GlobalX as unregistered or fraudulent.