Global Immense
Pros and Cons
Pros
- Diverse range of trading instruments including Forex, commodities, and cryptocurrencies
- Access to the MetaTrader 5 (MT5) trading platform
- Demo account available for practice trading
- Competitive spreads starting from 0.5 pips
- Flexible leverage options up to 1:400
Cons
- Not regulated by any recognized financial authority
- Reported instances of manipulation of client orders
- Limited customer support availability outside business hours
- Unclear fee structure with potential hidden costs
- Lack of educational resources for traders
Basic Information
User Reviews
Global Immense Overview
Global Immense Ltd is a forex broker registered in Hong Kong, operating for a period of 5-10 years. The broker does not currently hold any regulatory licenses from recognized financial authorities, which is a significant consideration for potential traders. This lack of regulation may pose risks associated with trading and investing, as it limits the protection and assurance often provided by regulated entities. As such, individuals interested in their services should proceed with caution and conduct thorough research before engaging in any trading activities.
Global Immense offers a variety of trading instruments, including foreign exchange, oil, precious metals, stock indices, and contracts for difference (CFDs). The broker utilizes the popular MetaTrader 5 (MT5) trading platform, known for its advanced features and user-friendly interface. Clients can access customer support via telephone and email, although the availability may not be around the clock. While Global Immense presents a range of trading opportunities and competitive spreads, the absence of regulatory oversight raises questions about the overall safety and reliability of the broker’s services.
Is Global Immense Safe? Regulation Analysis
Regulatory Information
Global Immense Ltd is not regulated by any recognized financial authority. This lack of regulation is a significant risk factor for potential traders, as it indicates that the broker does not adhere to the standard practices of accountability and transparency typically mandated by regulatory bodies. As a result, clients may face higher risks, including a lack of investor protection and an increased potential for fraudulent activities.
Is Global Immense Regulated and How Are Client Funds Protected?
Trading Products and Services
What trading instruments does Global Immense offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | |
| Commodities | Gold, Oil | |
| Indices | S&P 500, NASDAQ | |
| Stocks | US, UK | |
| Cryptocurrencies | BTC, ETH |
Global Immense offers a diverse range of trading instruments, catering to various trader profiles from novices to experienced professionals. The available products cover key markets, including Forex, commodities, indices, stocks, and cryptocurrencies. This diversity allows traders to implement various trading strategies and tailor their portfolios according to market conditions and personal risk appetites. The presence of multiple asset categories enhances opportunities for portfolio diversification, ultimately providing flexibility for both short-term and long-term traders. By offering a broad spectrum of instruments, Global Immense aims to meet the needs of different types of traders, ensuring they have access to the markets they wish to engage with.
Account Types and Trading Conditions
What Account Types and Fees Does Global Immense Offer?
| Account Type | Target User Group | Key Characteristics | Applicability Notes |
|---|---|---|---|
| Live Trading Account | All traders | Access to real market conditions | Requires identity verification and proof of address |
| Demo Account | Beginners | Practice trading without financial risk | No documentation required |
Account Opening Process
To open an account with Global Immense, clients must submit personal, employment, and financial information. This includes providing proof of identity, such as a government-issued ID, and proof of address, like a utility bill or bank statement. The process ensures compliance with necessary regulations. Clients can also upgrade their account type later, providing flexibility as their trading needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.5 | $0 | Competitive spreads for frequent trading |
| CFDs (Stocks, Indices, Commodities) | N/A | N/A | Varies by instrument |
| Cryptocurrencies | N/A | N/A | Check for specific instruments |
Other Fees
Global Immense may charge various additional fees, including deposit and withdrawal fees, inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees. It is advisable for clients to review these potential costs to understand the complete fee structure associated with their trading activities.
Trading Platforms and Apps
What Trading Platforms and Apps Does Global Immense Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | 2FA, market search, multiple order types, price alerts, technical indicators | Demo account available |
| Web Version | Any device with web browser | Encryption, symbol lookup, one-click trading, push notifications | None |
| Mobile App | iOS, Android | Biometrics, market search, price alerts, economic calendar | None |
Global Immense provides access to the MetaTrader 5 (MT5) platform, which is well-suited for both novice and seasoned traders seeking advanced features. The web version is accessible from any device with a browser, offering flexibility in trading locations. The mobile app supports on-the-go trading, allowing users to manage their accounts and receive real-time alerts. Overall, Global Immense emphasizes security with features such as two-factor authentication and encryption across its platforms.
Each platform’s core advantages cater to different trading needs, with MT5 offering a comprehensive suite of tools for advanced trading, while the web and mobile versions prioritize accessibility and convenience. The broker’s commitment to secure logins, combined with efficient order execution and real-time alerts, enhances the trading experience for its clients.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $50, Max $20,000/day | USD, HKD |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $10,000/day | USD, HKD |
| Cryptocurrency | Instant | No platform fee | Min $50, Max $10,000/day | BTC, ETH |
Minimum Deposit
The minimum deposit requirement for Global Immense is $50. This applies uniformly across all payment methods and account types, ensuring a straightforward entry point for traders.
How to Withdraw
- Log in to your Global Immense account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw.
- Confirm your withdrawal request.
- Monitor your account for processing updates.
Customer Support
Global Immense Customer Support Overview
Support Channels
Global Immense provides multiple contact methods for customer support, including:
- Email: Clients can reach out via info@giltd.co for assistance with inquiries or issues that may require detailed explanations.
- Telephone: Support is available through the phone number +64225350089, allowing direct communication with a member of the Global Immense team.
Service Availability
The customer support services are not available 24/7, which may limit accessibility for clients needing immediate assistance. The support is offered primarily during business hours, and multilingual support options are unspecified.
Frequently Asked Questions
The primary risks of trading with Global Immense include the lack of regulatory oversight, which can lead to higher risks of fraudulent activities and a lack of investor protection. Additionally, there have been reports of manipulation of client orders, which raises concerns about the reliability of the trading environment.
Global Immense allows clients to deposit and withdraw funds through bank transfers, credit/debit cards, and cryptocurrencies. The minimum deposit requirement is $50, and withdrawal processing times vary depending on the method chosen, with bank transfers taking 3-5 days and other methods being instant.
Global Immense provides customer support via email at info@giltd.co and telephone at +64225350089. However, support is not available 24/7, which may limit immediate assistance for clients.
Global Immense utilizes the MetaTrader 5 (MT5) trading platform, which offers advanced features such as two-factor authentication, multiple order types, price alerts, and technical indicators. MT5 is accessible on various devices, enhancing the trading experience for users.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.