Glenmore Investments (Glen Markets)

Glenmore Investments Essentials

 

The company GoldTech Media Services OÜ, only registered in Estonia. This company operates brokerage brand, S2Trade. Judging by the plethora of negative user in other forums and sites, it is most likely a scam.
Considering that UK’s Financial Conduct authorirty has issued an official warning against this broker.

Glenmore Investments brand belongs to Magna Technologies Ltd, a company which is registered by the address of 8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica.

Also known as Glen Markets, the company has been providing brokerage services since 1983. The broker deals exclusively with online Forex, commodities, indices, currencies, and stocks trading, executed on MT4, the highest-rated trading platform for today.

Focused on CFD transactions, the broker offers over 70 assets, including shares of 250+ big-name corporations like Fiat, Google, Gazprom, Siemens, Apple, Amazon, Dow Jones to name a few.

The official site of the company states that their main benefits are:

  • Leverage up to 200:1 (if you trade Forex)
  • Leverage up to 1:4000 (if you trade stocks)
  • No rejections or re-quoting
  • Instant order execution
  • Transparent commission system
  • Customer support 24/5

Glenmore Investments supports numerous payment systems such as debit/credit cards, e-wallets (Webmoney, Yandex.Money, Paysafecard), wire transfers, and even Bitcoin.

Having spent an hour, exploring their website, we could not find any information concerning their compliance. It is not very clear who gave Glenmore Investments a license, which authoritative bodies audit their activities, and where clients may file a complaint with should some conflicts with the broker arise.

Broker’s Strong Points

  • Segregated accounts are meant to protect the capital of every client who works with Glenmore Investments. Still, there is no information on their website where exactly these segregated accounts are located (banks, financial organizations or countries). Perhaps, this data is not available for a public view.
  • Insured customer capital. The broker claims to insure every dollar which clients deposit on their Glenmore Investments accounts.
  • Negative balance protection. It is stated that clients are protected against getting into debts, and they will not need any additional funds other than those which they invest.
  • Training center. Their website is full of free educational materials written in simple words. There are even electronic books on how to use Metatrader4. That’s a great advantage.
  • Daily market reviews. Field experts cooperating with Glenmore Investments publish their reviews and forecasts on trending assets.

It is strange that a broker with over 30 years of existence is reluctant to provide information about their legal compliance. There is also no information about their liquidity providers and the location of segregated accounts.  Still, it does not suggest that the broker is illegal, and this information may just be a corporate secret and cannot be presented in public. Always do your own research prior to opening an account with any broker, including Glenmore Investments.

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Kentrius

14/04/2019 Reply

Trading without any problems. Trading with this broker is satisfactory. I'm working with it for a year or more. There were no serious problems. Everything is good.

Glenmore Investments (Glen Markets)

Glenmore
Min. deposit

250$

Platforms

MetaTrader 4

Country

Estonia