Review on Globallivetrade

The website in question, globallivetrade.com (branded as “Global Live Trade”), positions itself as an online trading and forex broker offering access to currency pairs, cryptocurrencies, precious metals, share indexes and energy markets. Its marketing suggests traders can gain access to indicators for the MetaTrader 5 (MT5) platform, thereby enabling serious trading from home. According to publicly available data, the domain was registered very recently (in August 2024) and is reportedly owned by an individual in Lagos, Nigeria under the name “Tidam Hamish” with address listed in Lekki, Lagos. 
The broader claim is that users will be able to deposit funds, execute trades, earn returns and withdraw profits — standard messaging for an online broker. However, independent evaluation sites assign it a very low trust score (10.4 out of 100) and flag major concerns including risk of phishing, unverified ownership, lack of credible regulation and domain youth.
In short: the site presents as a trading broker, but the underlying facts raise significant doubts about legitimacy.

More Details

Let’s examine why, in our judgment, the website globallivetrade.com is considered likely a scam rather than a legitimate broker.

Regulatory Status

One of the first markers of a legitimate broker is oversight by a reputable financial regulator. The lack of such a regulator listed on the site is a significant red flag. A credible broker will usually display licence number(s), regulator name(s), client fund protection mechanisms, etc. Here, those details are absent or unverifiable. Independent safety evaluations of similarly named brokers (e.g., “Global Trade”) state: “Global Trade is not considered a trusted service provider … it is not regulated by a top-tier regulator” and therefore “we wouldn’t trust it with our own money”.  Without visible regulation, users have minimal protection if the broker misbehaves.

Track Record & Transparency

A broker with years of operation, verified account openings and transparent financial statements is far more trustworthy. In this case, the domain was only recently created (August 2024), with no long history of service.  The owner details are minimal and not evidently linked to a publicly traded or well-regulated entity. The minimal transparency is a red flag.

Trust Scoring & External Warnings

The specialist site Scam Detector gives a trust score of just 10.4 out of 100, marking the site as “Untrustworthy. Risky. Danger.” based on automated analysis of domain factors: domain age, phishing score, proximity to suspicious sites, blacklists.  Such a low score means many warning factors are present: high risk of phishing attacks, potential malware links and spam.

Business Model & Withdrawal Risk

Scam brokers often lure users with attractive offers, allow deposit, encourage increasing investment, but then make withdrawal impossible or laden with excessive fees. Though I did not locate a wide set of user testimonials for this specific site, the overall pattern of new-domain, unregulated brokers suggests the risk of this behaviour is high. Also, no clearly defined withdrawal process or publicly verifiable user experiences of successful withdrawal were found.

Conclusion of Legitimacy

Putting all the above together: no credible regulation, very short operational history, very low trust rating, and the typical “too good to be true” marketing all point toward the likelihood that this website is operating as a scam broker. That doesn’t absolutely prove every user will lose money, but it strongly suggests high risk and minimal protection. In the context of forex trading — where leverage, volatility and counter-party risk are already high — using an unregulated broker is especially dangerous.