Glenmore Investments is a Forex and CFD broker owned and operated by B.S.M Services LTD, with an address at Business Park Varna, Building 8, 9009 Varna, Bulgaria. Glenmore Investments contact phone number is +44 203 670 4589 and email address is [email protected]
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Glenmore Investments Trading Platform
Trading platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are done. A good trading platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades. GlenmoreInvestments broker offers the MT4 Trading platform. Their max leverage is 1:200
Withdrawal and Deposit Method
Glenmore Investments withdrawal and deposit methods could be carried out by the following means: Visa, Bank Wire transfer, MasterCard. The minimum deposit is $250
License and Regulation
Glenmore Investments is NOT a licensed broker. This means there are no regulatory bodies that monitors their activities to ensure they stick to best practices. Complaints about most unlicensed brokers are withdrawal issues(not being able to withdraw your money) and since they are unlicensed and unregulated, no regulatory bodies can fight for you, so you are left helpless. This is a source of major concern.
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As soon as I opened an account the end of March with Glenmore Investments I realised they were fake. By then they already had in their possession a copy of my photo driving licence, a copy of my credit card (with some digits ‘concealed’) and my £254 (290 euros).
Everything about this company is a lie – the name, the nature of its business, the staff ID. My account manager is supposedly called George Bradley. In less than 30 minutes over 2 training sessions he made me lose my deposit. During the second session that lasted 5 minutes he opened trading by buying two currencies simultaneously and instructed me to leave the position open until our next
session the following morning!! The next morning I had a balance of 9 euros in my account. When I complained about his carelessness and the consequent loss of the deposit he reacted by saying I didn’t lose £5000 but only £250 – the cost of a meal in London restaurants. He also had the audacity to suggest I invest in Facebook or Amazon so I could recoup my loss and make a huge profit … I reported his negligence to the complaint department and within four days I received a reply by a Robert N (!). Mr N gave me a lecture on how volatile the financial market could be and of course recommended that I continue trading with a new deposit. I replied to his email demanding some kind of compensation before I put more money into the account. My email was followed by phone calls from different people blaming me for the loss and pushing for more investment.
This is a sickening mega scam. I’ve reported it to my credit card company.
Dear Radia,
We are very concerned regarding the situation you described.
We identified you in our system and currently investigating the case with the highest priority.
You can also contact us at [email protected] or call +44 203 670 4589.