Global Clearing Group Review (2023)

Is Global Clearing Group a scam or a legit broker? 

It is not safe to trade with Global Clearing Group, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

2pipsforex.com is a brand and an operated website by the Global Clearing Group Ltd, which is located in Dominica since its establishment. The Broker providing Forex, Crypto trading platforms with fast executions and indeed a competitive offering, while all spreads are fixed to 1 pip (Find the lowest spread forex brokers by link, also check Zero Spread Forex Brokers). The brokers claim to operate over 500,000 clients while offers a free 5,000$ bonus on account opening an extreme level of leverage up to 1:1000 (Find high leverage forex brokers by link), which unfortunately all seem to be a tricky business.

Meanwhile, the company located in a known offshore zone, which does not require minimum capital requirements that shows company sustainability, as well do not regulate Forex businesses yet. Therefore, that means that the company operates on its own risk and management style while the client may face some manipulations or will not be compensated by any international organization in case of insolvency.

What is more, there was a warning issued against the Global Clearing Group or its website 2pipsforex.com, while the IFSC (Belize) commission warned investors to invest in the company due to its unlicensed nature. Likely, the reviews from the traders in internet sources are rather negative than positive, while the broker shows its failures to provide a stable and reliable trading environment.

Conclusion

For that reason, we do always advise to commit and trade with the reputable regulated brokers only, since the trading itself is a risky business at least the operational standards of the regulated broker are set by the industry authority. The license always requires compliance to the necessary level of the client protection along to the participation into compensations and regular reporting. Thus, it is much safer to the trader or investor of any size to operate accounts and trading with the regulated broker.