Global PLM broker review – advantages and disadvantages

‘The leading provider of financial services’ Global PLM has become the subject of discussion among traders relatively recently and has already managed to get mixed reviews from users. The service offers a large number of trading instruments along with innovative trading technologies and simple investment solutions. Why Global PLM is just another scam project, let’s look at it in the detailed review.

Legal information about Global PLM platform

No specific information about itself is disclosed by Global PLM. It is extremely secretive about its founding date and dislocation, but it already confidently declares its reliability and efficiency. Where it is registered, and whether it was registered in principle, is unknown, but the domain history showed that the fraudulent office was ‘founded’ in April 2020.

Investors working with Global PLM broker are not protected in any way. Firstly, apart from the risk notification, privacy policy and client agreement, the website does not contain any data on user rights, personal data security and regulation. The service has neither a supervisory body nor the more so the right to carry out brokerage activities – it is a one-day Forex-kitchen, and you will not be able to make money on it.

Interestingly, the broker calls client-orientation one of its main advantages. There is absolutely no contact information on the website, let alone a feedback form or at least an online chat. How then Global PLM service is going to provide 24/7 support and instantly respond to user queries?

Trading tools of Global PLM platform

Global PLM official website is made simply and cheaply – it is a one-page landing page without any specific and even more useful information. Free pictures from the internet also speak about it. There is no mention of whether you need to go through a verification procedure to deposit or withdraw funds. You can trade and earn money immediately after depositing money on the balance.

‘Innovative’ trading technologies are presented in the form of one trading platform for browsers. By default, 10,000 units of virtual currency are placed on it, and any user can try working with it without registration. No analytical tools are presented, not to mention training materials. And what is the minimum threshold for entry? This is not mentioned even in the reviews describing the activities of Global PLM.

Trading conditions are presented in the form of three types of accounts.

Taking into account that the fraudster does not even specify the size of the minimum account replenishment, it can be understood that any amount suits him. It is noteworthy that there is no trace of the promised 1000 trading assets – the accounts contain only Forex currency pairs and CFD contracts, the number of which is described in a very strange way. The broker does not understand the services that it tries to pass off to clients as quick and easy earnings, and this will be especially noticeable to experienced traders.

Whether it is possible to successfully make a withdrawal with Global PLM is highly doubtful. Firstly, the broker mentions only payment methods, but says nothing about withdrawal conditions. Secondly, on the footer of the site you can find icons of PayPal, credit and debit cards, as well as bitcoin wallet.

Negative sides of the broker

Global PLM has far more disadvantages than advantages, for example:

• Lack of licence and regulation;
• lack of detailed trading conditions;
• Indication of untrue information – the services and tools presented on the Global PLM website do not correspond to the description;
• lack of training and analytical tools.

The list can go on for a long time, but the best thing to say about Global PLM is the reviews. For a small period of work, the pseudo-broker was able to get very few reviews. In no case should a trader open an account on this platform.