April 2, 2020

Glenmore Investments Review – Trading Conditions & Reliability

glenmore investments review

Regulators: –

Cryptocurrencies: YES

Minimum Deposit: $250

Maximum Leverage: 1:200

Spreads: Medium

My Score: 1.0

Glenmore Investments is just one of those fairly brand new forex brokers created in January 2018. Since January, it’s been serving forex traders. I may also say they will have a pretty decent tendency. Within a short time frame that they were able to reach a high number of investors. I must express they are powerful for this a brand new broker.

Let’s come into the very essential points… Is GlenmoreInvestments scam or perhaps a trusted broker? Just how can we know? Which criteria does one have to consider? What are the accounts type s and spreads provided by Glenmore? Which would be the withdrawal and deposit procedures? Exist some withdrawal issues? During this GlenmoreInvestments review you’re able to locate the solution to each one these questions.

Regulation

Regulation is among the most important problems for forex brokers. Because you can observe, lots of investors are even dismissing the value of regulation. Some of the factors for it is that newly established brokers available on the store suffer from receiving permits but offer valuable offers concerning trading requirements such as lower spreads, even better accounts type s or greater leverage. As a result of the convenience of those trading requirements, traders might well not value regulation.

Despite this law is an essential criteria. It could be problematic for a brand new broker to match the requirements mandated by authorities like FCA or even CySEC. As these regulators genuinely have regulations. To obtain this over, fresh brokers have permits which are far more easily obtainable. They’re attempting to offer far better trading conditions to close the difference.

It is clear to acquire a permit from reputable labs. However, being un-licensed isn’t acceptable. While there’s not any regulator which traders may employ whenever they meet some issue. Because of this argumentation I always suggest that one works well with licensed brokers. GlenmoreInvestments is a new GoldTech Media Services LTD enrolled in Estonia. However, there isn’t any permit from virtually any ruler.

Account Types at Glenmore Investments

There are 4 kinds of accounts provided by Glenmore Investments: Mini, Standard, Premium and VIP. Because you can observe from the table underneath, the most important difference in the middle those accounts types may be your deposit sum.

Account Type Minimum Deposit Maximum Leverage Average Spreads on EURUSD
Mini 250 USD/EUR 1:200 2.6 Indicator
Standard 2,500 USD/EUR 1:200 2.4 Indicator
Premium 10,000 USD/EUR 1:200 2 pips
VIP 50,000 USD/EUR 1:200 1.6 Indicator

There isn’t any substantial difference with the exception of gaps in the deposit sum. This means that you don’t need a significant convenience in the event you’re financing $ 2,500 to make use of a typical account or $10,000 touse a Premium account. The Mini accounts which is given by different brokers is a kind of nano accounts, usually. But, there’s not any gap in the middle of your typical account and also the miniature account type provided by Glenmore. For that reason, this broker will not own some sort of accounts which might be traded together with nano a lot of where shareholders may examine the broker.

The deposit is $250 for your own Mini accounts type. I am able to declare that the total amount is fairly high, particularly for a fresh, unlicensed broker. The most leverage is just 1: 200 for many account types. The average spreads in Mini accounts type will be 2.6 pips on EURUSD. These disperse are also not even close to competitive.

As possible, even 4 unique account types have been available, account types aren’t functional and productive.

Deposit and Withdrawal Methods

The withdrawal and deposit procedures Provided by Glenmore Investments are rather restricted. It is possible to use debit or credit card cable move while you would any broker to produce a deposit. If you would like to invest in cable transport, the minimum sum will be 250 dollars. The fastest way is to produce financing with a credit card as it’s additionally in different brokers. Along with those deposit methods you might also finance bitcoin.

There are not many methods to draw money. You are able to draw via refunding to a bank card or wire transfer. Popular e-wallet systems such as Neteller, Paypal are unavailable within this broker.

Glenmore Investments

1

Trust

0.0/10

Commissions and charges

0.0/10

Customer Service

0.0/10

Platform & Tools

1.0/10

Product Portfolio

4.0/10

Pros

  • No

Cons

  • Unregulated broker, likely scam
  • Not governed broker
  • Payment approaches are restricted