• Global Trader 365

  • Bonus: 100
  • Options Payout: 65-75%
  • Rating: 1 / 10
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Broker Name: Global Trader 365
Platform: SpotOption
Founded: 2013
Bonus: 100
Return/Refund: 65-75%/0-10%
No. Of Assets: 100
Regulated:   No
Demo Account: Yes
Minimum Deposit: 200
US Traders:   Accepted

Global Trader 365 Review

by Martin Kay

Important Notice!!! GlobalTrader365 – Site is NOT Working! 4/2/2014


Editor’s Note – Why does Global Trader 365 Suck in 50 Words?

GlobalTrader 365 sucks because it gets a lot of complaints. About withdrawals. Withdrawals are a touchy subject and important to traders. Everything I read on the website seemed to be legit but the complaints say it’s harder to get your money out than they lead you to believe. In fact, you may not get it back at all. Funny thing their slogan is “Binary Options Trading Brokers you can TRUST” (Capital letters as seen on origin).


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Why Global Trader 365 doesn’t Suck?

This broker might not suck because it is a SpotOption white label. This means there is a good frame work for trading but it does necessarily mean the broker is good. GlobalTrader365 has all the options, assets and expiry choices you would expect to find of any broker in this class.



Global Trader 365 Full Review – Should Have Been a Good Broker

GobalTrader365 is yet another SpotOption based broker and comes with all the bells and whistles you would expect to find. The web site is set up with a clean and crisp look, the platform is easy to use and navigate. They have a full asset list including over 100 stocks, indices from around the world, a full listing of traded currency pairs and commodities.


Available options types and expiry is also good. This broker has all the features of a SpotOption broker including High/Low, OptionsBuilder, One Touch, 60 Second and ProTrader. The available expiry are also good. They have them ranging from 60 seconds through the end of the month, the end of next month and out for at least 6 months on most of their assets. Returns are said to be in the range of 80-85% but from what I have found most are closer to 71-72%. The Options Builder is only available for some of the assets, a few from each category, and expiration is limited to 24 hours out from time of purchase. The Pro Trader feature is a larger chart that traders can use to trade assets directly. It is OK but nothing worth switching brokers for.


The banking requirements, as listed on the web site, are pretty standard for the industry. Deposits can be made by credit card, wire transfer, MoneyBookers and Maestro. There is no fee for withdrawing to credit card or one of the on line wallets but there is a $50 fee for wire transfers. Withdrawals to credit cards are limited to the amount initially deposited but there are no limits to withdrawing by wire. When reading the terms and conditions I was alarmed to find no mention of withdrawal requirements but found what I was looking for under the FAQ’s. After meeting all the identity requirements which include an official ID, proof of address and proof of CC ownership it will take up to 3 business days for requests to process. After that it can take an additional 5 business days for the funds to show up in your account. This means it should take up to two weeks and no more to receive money after submitting withdrawal requests.



Is GlobalTrader 365 A Scam?

GlobalTrader365 might not be a scam but then again I have to take . It is a SpotOption white label, SpotOption is a reliable platform provider but unfortunately that does not mean GlobalTrader365 is a reliable binary options broker. The broker has a phone line for Cyprus customers, but that does not mean it is regulated or even based on Cyprus. I couldn’t find an address for them so I really don’t know (you can be sure I looked). Based on the reviews I have read the platform is good to use but you may have a hard time getting your money back from them.


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Global Trader 365 Complaints

The complaints I read are pretty bad. Most people tend to agree that there are problems with the platforms and getting your money. The platform seems to be have trouble working when traders want to trade; glitches and other errors lead to losses. The company does not seem to mind because their terms say you assume all risk caused by interface errors whether they are your fault or not. This leads to the other major complaint which is that you can’t get your money back.



Global Trader 365 Withdraw

According to the FAQ’s withdrawals should be pretty standard. Once you meet identification requirements all transactions are processed it will take up to two weeks to get your money. Withdrawals methods listed are standard for the industry and include credit cards, wire transfers and MoneyBookers. Credit card and MoneyBooker withdrawals are not charged a fee but all wire transfers incur a $50 charge.



Global Trader 365 Bonus

GlobalTrader356 has a “number of attractive reward features for new and regular customers”. The trading minimum is a low 20 times account value but this may not matter if you can’t make a withdrawal anyway. If you try to withdraw before meeting the minimum the bonus and proceeds from it will be canceled. So far as I can tell there is no time limit listed but each bonus may also have individual stipulations.



GlobalTrader365 Ratings

User Friendly 18/20

This is a very nice looking web site and platform. It is easy to use, easy to navigate and offers a full listing of assets, expiry and types of trading.  They have a good education center for newbies that includes videos and an ebook. Only English,  French and Chinese.


Number Of Assets And Expiry’s 18/20

This is another area where this broker stands out. Of course it is nothing more than you can find on any other SpotOption based platform. They have over 100 stocks and indices from around the world including Russia, Israel, Turkey, China and Japan. The list of forex options includes all the traded pairs and the commodity list is complete as well. Like other SpotOption brokers expiry ranges from the shortest 60 second trades up to end of day, tomorrow, end of week, next week, end of month and next month up to about 6 months out for most assets.


Commission, Support and Returns  12/20

This is where this broker begins to fall short. Of course, there are no commissions on trades but the effective returns make up for this. Some places advertise returns up to 85% on “most trades” but what I found where returns averaging 70-71%. The Options Builder offers some protection for bad trades. Live support is available but I got the same automated responses I have gotten from other brokers. Additionally, there are too many complaints about poor service, especially about withdrawals, for me to trust them.


Deposit, Payments and Bonus  7/20

Again, it’s the complaints that are burning this broker here. Deposits are easy, no problem there. It’s the withdrawals that are giving them problems. According to the website FAQ’s it should only take 2 weeks for withdrawals one conditions are met. The reality is that traders are having a hard time meeting those requirements because the broker is dragging it’s feet and not providing good support. The bonus is OK and varies by account but the trading minimum is fairly low, 20X account size, and comes without a time limit.


Website Extra’s  5/20

There really aren’t any “extra’s” here. It is a white label so there are tons of brokers out there with the same features. One thing that might have been an extra was their market updates. Of course when I went to check it out the posts were from last year, very current and useful for traders in my opinion (that was sarcasm FYI).



Global Trader 365 Overall Ratings: 60/100

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