You’re here because you’re looking to find out the truth about Global Wealth Trading Group. Good thing is that we already have the truth you’re looking for. You see, Global Wealth Trading Group app is a signal service. But the problem is that it is not a reliable signal service by all standards. It might look genuine from the perspective of an inexperienced trader. But we can tell you for sure that this is a scam. Therefore, this Global Wealth Trading Group review seeks to expose the fraud and also warn unsuspecting traders not to invest in this signal service, unless they want to lose their money.
Global Wealth Trading Group Review
Is Global Wealth Trading Group a scam? Of course it is a scam, and here are several scam elements that make this service look unprofessional.
We will start with the fake endorsements which actually mention Wall Street Journal, Yahoo Finance, Forex Magnates, Yahoo Planet, and Money Show as major endorsers of this scam service. This is a joke of a claim. There is not even a single news portal that has endorsed Global Wealth Trading Group signals.
Perhaps you should research it for yourself. These news portals have never mentioned Global Wealth Trading Group system, which makes us wonder why they are lying to the public. If this signal service was legit, there would be no need to lie because the media would have noticed it without so much effort.
The truth is that this signal service has no reputation or third-party endorsements. Even if you research this fact on the internet, you will discover that Global Wealth Trading Group software doesn’t actually have reviews from credible sources, yet the website continues to claim that the service is genuine.
And now the signal service itself looks shady; here’s why
We are not pleased with the way Global Wealth Trading Group is presenting their signals to traders. The exact SR (Strike Rate) is not given. Instead, they only send you a SR that is within a certain range. What this means is that traders will have to figure out where to enter a position as soon as the signal is dispatched in their phone.
This is very tricky and not user-friendly to newbies. What is more, opening a position inside the Strike Rate range doesn’t guarantee that the position will close in profits. For some, it will be profitable. But for others, it will turn into losses, depending on the exact spot they choose to enter the markets.
As for the first category of traders, they will be recording profits because they already know how to read the charts. Of course the losers will be gambling their money because they have no idea what they are doing with the estimated strike rate range. In other words, if you’re among the first category of traders, there will be no need to use Global Wealth Trading Group app or any other signal service since you already know how to read the charts and profit from market activities.
Now, the problem is that most traders seeking to use Global Wealth Trading Group software don’t know how to read the charts. And since the exact strike rate is not given whenever signals are sent to users, they are 90% likely to fail with this system.
The exact registration date of Global Wealth Trading Group scam
According to the Global Wealth Trading Group website, this signal service has been in operation since 2014. They actually market it as the best signal service in 2014 and 2015. However, what surprises as most is that we have never heard about it despite claims that it has been around for at least one and a half years.
Then a quick Who.is check reveals that this signal service and the website were launched in 2016. We were actually not surprised when we discovered the actual date that this website was registered. After all, it’s a common pattern followed by all other scams on the internet.
The owner of this scam service is a professional liar
By the way, this guy claims that his service can be tested for free when you sign up for the 14-day free trial offer. But when you attempt to do so, you will be shocked to discover that you actually have to deposit money with one of their shady brokers instead of just getting the signals as promised.
Until you deposit money with the scam brokers, you cannot use the so-called free signals. However, assuming that you went ahead and deposited money in your broker account, you would be given access to these signals (5-15 signals a day with a success rate of 80-85%).
But just in case you don’t know, you will lose the money in the first few days of trading it. You will never get to a point of subscribing for the premium signal service. Keep in mind that these guys still have nothing to lose even if you don’t upgrade after 14 days. The guy earns his commission and the broker keeps your losses. That’s not a fair game!
His Twitter feed
And now let’s focus on this strange guy called Lorenzo who also claims to be the owner of Global Wealth Trading Group Empire. We clicked the twitter feed on the website and we were actually redirected to a real Twitter page which allegedly belongs to him.
Sure, he has a significant number of following, plus that page appears to be updated on a frequent basis. Now, we wonder why he is hiding his eyes using dark glasses every time he poses for a photo. This guy flaunts wealth on his Twitter profile, and we think these are just pictures which he stole from the internet.
This could be a real Twitter account. There is no objection about that. But a lot of games may have been played here as well. The pictures don’t represent the kind of life he is living.
Our Top Rated Auto Trader System in 2016!
Check Our Top 5 Best Binary Options Signals
Sure, a success rate of 85% can be achieved. However, it’s not possible to achieve that success rate with a scam service like Global Wealth Trading Group system. The guy behind this system is greedy because he is taking commissions from your broker while still charging $60 a month or $365 (for 6 months) as fees for using his signal service. You cannot pay for something that will turn your trades into losses. So let’s just call it a scam guys.