Zentrade and Global Premier Forex Broker Review - When I was looking for information about the Global Premier broker, I found an article related to this broker from the largest forum in my country and the article caught my attention, because the broker does not pay for the withdrawal of the trader's profit.
And the amount of profit that these brokers don't pay is quite large too.
After I read and understood the point of the article, then I was interested in rewriting the article into English, so I translated it and published it on this blog.
Want to know what happened? Please read more...
The story starts from here.
Zentrade & Global Premier Not paying Profit, watch out for you guys. (With Proof)
They pay with BTC, just withdraw 4x the account is blocked by grand premiere, while zentrade returns the capital.
Background: There are two brokers that are quite interesting, namely GLOBAL PREMIER and ZEN TRADE, interesting because they have been used by the trading robot/EA community named Net89 for 3 years and this forex trading broker reportedly pays traders' profits and can be withdrawn, so I tried trade with these brokers.
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| Global Premier Forex Broker Review |
Since December 16, 2020, several accounts have been opened until December 24, 2020, trading has generated a total of around $232,210.
On the 26th I made a withdrawal but there was no response.
Then I received an email explaining that an investigation is underway on all accounts.
Several times got an email just explaining, being frozen for investigation, but does not explain the investigation into what and until now there has been no payment for withdrawals.
Furthermore, all these accounts are frozen so that traders cannot access MT4 accounts and also cannot access trading room accounts through the website.
Until now the last withdrawal request has not received a response.
On that basis I conclude that the broker did not pay the withdrawal of my profit.
Because of this, I need to convey to all Indonesian people to be careful with Net89 businesses that claim their brokers can afford to pay.
My purpose of trading is only to verify that the broker is not able to pay, if this broker is not able to pay me, how is it possible to pay NET89?
If they say I violated the trading rules, which rule did I break?, yet all executions are accepted, both loss and profit.
Proof:
END...
Zentrade and Global Premier Broker Review 2021
I have a hard time finding the regulatory status of the Zen trade and Global Premier broker.
On its own official ABOUT US page (please check the Zen trade and Global Premier broker's website), the broker does not include information about its regulatory status.
So in this case I can not provide further comments regarding its security.
As my suggestion, Be, please use a broker that has a good and clear regulatory status.
The broker is located offshore. Global Premier Brokers is in St Vincent and the Grenadines, and the Zentrade broker is in the Marshall Islands. Both are not regulated by any regulator, nor are they licensed from any country.
For the safety of your trading and funds, we recommend choosing a broker that has been regulated by an internationally credible regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA.
A credible regulator is a regulator that has been tested and recognized by the world, and provides strict sanctions to brokers if they are found to have violated the agreed terms. The regulator is also responsible for the safety of client funds.
As long as the broker's regulations are not clear, it's better not to trade with the broker, rather than regret later because your money withdrawal is not paid by the broker. So, it's better to choose a broker whose regulations are clear.
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