Glofen Review and Website Analysis

Our Glofen review reveals a company that presents itself as an investment platform and Forex/CFD broker. We must disappoint those who think they can make a good profit here. The only realistic outcome for its clients is the irreversible loss of all their invested money. We have gathered numerous arguments to support this viewpoint. Want to see them? Read on.

Brief Overview

• 🖥Official Website: https://glofen.com/
• ✈️Contact Addresses: not specified
• 📞Customer Support: live chat
• 🔐Licensing and Accreditation: none
• ⏳Track Record: 2019
• 🧰Specialization: investments, Forex/CFD brokerage
• 🤝Terms of Cooperation: from $500 up to $100,000, ROI 1.5%-5% daily. Leverage for trading up to 1:1000
• 💰Additional Services: none

Glofen.com Examination

It was hard to expect a company that aims to take as much money from its clients as possible to have a thoroughly developed website. Glofen fully confirmed this expectation.

Even its main page looks like a dumping ground for all the materials the webmasters could come up with. We found neither logic nor a clear system here.

Instead, we found numerous small and not-so-small flaws. For example:

• The trading platform here has turned into a “plateform,” widely used in manufacturing.
• None of the links to social media profiles include addresses for the company’s channels and groups.
• The Market page contains a widget from a third-party resource Cryptohopper.
• In the team section, under the name DANIEL WILLY BOLTON, is a picture of Sir Ken Robinson, and he’s not the only one (photos of team members are randomly taken from the internet, and the names are made up).

If Glofen’s creators thought they could improve their reputation this way, they were deeply mistaken. After finding all these absurdities within two minutes, we would never consider cooperating with such a project.

Company Contacts

Glofen has set a real record in terms of the number of contacts available to users. Potential and current clients can use Live Chat to reach company representatives. There are no other options.

Obviously, a company with a history of at least three years and a daily trading turnover of $1.3 trillion (nearly a quarter of the entire Forex market), working with 200,000 registered users, knows a lot about frugality. Otherwise, it’s hard to understand why it doesn’t even have a virtual office, phone number, or email address.

There are links to social media profiles placed in the footer of the pages (by the way, different on each page). However, as we mentioned, Glofen has no groups or channels, and all such links direct visitors to the main page or the About section.

We somehow think that the contacts of a reputable company should look different. Either our understanding is wrong, or Glofen is not quite a reputable company.

Key Conditions

Glofen’s conditions look outstanding. For example, the company has developed five investment plans for clients with different starting deposits and levels of profitability:

• Silver. $500 deposit, ROI 1.5% daily.
• Gold. $2,000 deposit, ROI 2% daily.
• Platinum. $10,000 deposit, ROI 4% daily.
• Platinum Pro. $20,000 deposit, ROI 4.5% daily.
• Diamond/Prof. $100,000 deposit, ROI 5% daily.

In terms of annual profitability, this ranges from 350% to nearly 1500%. It turns out that all the world’s investment geniuses have gathered at Glofen, as they can guarantee clients such profits and still leave something for themselves. The rest can only marvel at these annual returns and receive prestigious awards for it. The employees of this company do not bother with such trivialities.

It’s worth noting that there is no mention of investor risks. Apparently, for the team working on this platform, they do not exist.

Those who wish to trade independently are also offered super conditions. Can you call a 1:1000 leverage anything else? Neither can we, especially when it comes to currency pairs or crypto futures.

We can say that Glofen has found a goldmine. With the conditions the company offers, clients will quickly lose their deposits. However, the platform will have the opportunity to make payouts to investors (but not to all, only to those with small deposits). This means improving its reputation and attracting new clients. This will work up to a certain point, but the outcome is clear — the firm will cease operations, taking all the invested money with it.

Exposing Glofen

The company confidently assures users that it operates completely legally and traces its history back to 2019/2020. On the Company License page, it even displays a copy of a document in Swedish, likely expecting no one would bother to read or verify it.

However, we decided to take a look at this “license.” First, since the company presents itself as Glofen Limited and mentioned documents from Sweden, we checked if such an organization is listed in the local registry.

The negative search result didn’t surprise us. The document that the company calls a “license” turned out to be a certificate of registration for a private entrepreneur, an economist named G. Löf. What relation does he have to the company in question? None. His name doesn’t even appear on the team list.

No mentions of the company’s registration were found in any other registry. This means that the platform only exists online and cannot be called an investment company or broker. Moreover, it lacks a brokerage license (which cannot be issued without registering a legal entity), making its activities completely illegal.

Checking the company’s existence period also didn’t disappoint us. We already mentioned that the About page refers to a start date in 2019/2020. According to the whois service, the domain glofen.com was registered on October 29, 2019.

However, the creators’ joy over the successfully confirmed legend is quickly dampened by web archive snapshots. They show that the domain belonged to GTR Global Care, a company producing dietary supplements, for a long time. The current owner acquired it and launched their site only in early 2024. It seems the clients were again deceived with fake information about the company’s age.

What Reviews Do Users Leave?

Evidence that the project started very recently is the meager number of Glofen reviews online. For example, we only found such comments on Trustpilot. The dates start from June 13, 2024. Of course, the authors lavishly praise the company, stating it met all their expectations and that they trust it completely.

Opinions on thematic portals dedicated to domain and site analysis differ. Here, Glofen didn’t even score 10 points out of 100. We’re not surprised, having seen scammers hiring authors for positive reviews and image creation before.

Conclusions

Overall, the Glofen review showed that the company cannot be trusted. Working without registration and brokerage without a license puts an end to any notions of its legal activity. The conditions leading to extreme risk for clients unequivocally indicate that this is a scam. Client funds in the company’s accounts can quickly disappear. Therefore, we wouldn’t recommend depositing any money.

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