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GLEX

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Operating status: SCAM

Website: https://www.glex24.com/

Broker violations and abnormal records
  • Feb 21, 2023 BrokersView has reviewed that GLEX is an Unregulated Forex Broker

    GLEX claims to be a professional company providing a full range of financial while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.

    Besides, GLEX shows two company addresses in Mauritius and the United Kingdom. However, we did not find any match results to this company in the Mauritius Financial Services Commission (Mauritius FSC) and the United Kingdom Financial Conduct Authority (FCA). The truth is, GLEX is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

  • Jul 16, 2025 BrokersView has identified that GLEX's website is currently offline

    BrokersView found that the domain "https://www.glex24.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

    BrokersView found that the domain "https://www.glex24.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Related Complaints

Q&A

Does anyone trade with GLEX before? Is it good?

fari
Gaithersburg
Apr 07, 2023
ANSWER GLEX is an unlicensed broker despite offering seemingly attractive deals.GLEX claims to be a reliable broker but provides no information about its regulatory status. This is a red flag because legitimate brokers always present their accreditation and licenses prominently. As per UK law, brokers operating in the UK are legally required to obtain authorization from the Financial Conduct Authority (FCA) in order to offer financial services or products. However, when searching for this UK-based broker in the FCA's registry, we found no results matching to it. That means GLEX is not regulated.Regarding your question, we advise against dealing with GLEX since it is an unauthorized broker. Letting it hold and control your funds or trading with it is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid unlicensed brokers like GLEX and choose fully regulated ones instead.
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