Nice to meet a CFD broker, Glenwell Corporate LTD, which is based in Poland. At least, that is what is stated on the official website, however, no registration documents or links to legal registries are provided, which could have served as excellent confirmation of this fact. Moreover, the firm does not disclose any license, date of establishment, or business model, which raises even more suspicions. Judging by the small number of reviews on the internet, the platform is very young. So, should it be trusted then? Or is it better not to take such a huge risk?

How to Trade

Glenwell Corporate LTD offers several types of accounts to its clients, with a low minimum deposit of $100. The deposit can be funded after registering an account using one of the proposed methods.

The additional service depends on the type of account the client chooses:

  • Daily news.
  • Financial expert.
  • PAMM and IPO.
  • Webinars and CME reports.
  • Arbitration.
  • Account insurance.
  • And many others.
Traders can use a leverage of 1:200 to increase the volume of their orders. The size of commissions and spreads by Glenwell Corporate LTD is not specified, leaving this under a veil of secrecy.

A web-based platform, which is also adapted for mobile phones, is used for trading. An application for Android/iOS has not been developed. Furthermore, Glenwell Corporate LTD does not offer a demo account.

Glenwell Corporate LTD Vital Info

Why does the company not disclose its founding date? Does it have something to hide? Logic suggests that if a broker hides its founding date, it means it was launched very recently. And judging by the domain registration date, Glenwell Corporate LTD was launched in January 2024, or possibly even in February. Now it’s clear why this important fact is being ignored.

Regulation is also not mentioned, while every broker, including Glenwell Corporate LTD, is required to obtain a license, at least from the regulator that is in its jurisdiction. A verified firm will always indicate licenses, and prominently, as it is important. 

As this is a Polish organization, it should obtain a license from the KNF, but we do not observe this. Glenwell Corporate LTD is not listed on the register of this financial commission.

FAQ

What are the key facts about Glenwell Corporate LTD?

We have found that the domain of the official website was only registered at the end of January 2024. This indicates the young age of the company, which also does not specify its founding date. The office in Poland is likely fictitious, as the broker was not found in Polish registries, including the KNF. This suggests illegal activity. What business model? Also unknown, but we can undoubtedly say - 100% B-Book, so client success is disadvantageous for the platform. Overall, the organization can be characterized as secretive and opaque.

What's the risk to my wallet when working with this broker?

First and foremost, we want to remind you that the use of leverage is a high risk, as it not only increases potential profit but also loss. Many traders lose their money on margin trading. Meanwhile, Glenwell Corporate LTD operates illegally, which escalates the risks to critical levels. Such firms often turn out to be fraudulent; they do not allow funds to be withdrawn, so here lies the primary risk. Clients may deposit funds, but cannot withdraw them.

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