Glare Markets – The alleged online trader Glare Markets offers online trading with various assets on its website. In addition, Glare Markets offers various investment plans for the whole family. However, there is a public warning about Glare Markets from the Financial Supervisory Authority of Finland.
Are you currently a client of Glare Markets or are you considering investing funds in the near future? Then the following questions are definitely of central importance to you:
- Is the company Glare Markets trustworthy?
- What experiences have investors had with Glare Markets so far?
- What, if anything, can Glare Markets clients do in the event of losses?
The lawyers of the Herfurtner law firm have compiled answers to these questions in this article.
Table of contents
- Glare Markets experiences
- Glare Markets on the net
- Contact information of Glare Markets
- Glare Markets Licensing
- Regulatory warning from supervisory authorities about Glare Markets
- Online trading guide
- What to do in case of losses?
In addition to the question of whether Glare Markets offers a suitable offer, it is relevant to deal with the basics for promising action. We will also comment on how Glare Markets compares to other financial services. Furthermore, we will assist investors and support them in case of ambiguities and problems in connection with Glare Markets.
Glare Markets experience
According to the Glare Markets website, with the help of financial specialists, you can achieve your goals regardless of your experience and knowledge. This is because Glare Markets offers professional trader support to every client and creates customised financial programmes and investment plans.
In addition, Glare Markets offered training programmes for beginners and experienced traders who wanted to learn the skills of professionals. In doing so, experts provided all the necessary information and help to improve the investor’s trading skills in a short time.
Moreover, according to Glare Markets, functional and technical problems of the account would be solved immediately. This is because as a client of Glare Markets, one receives support from the technical customer service at any time.
In addition, every client has a personal manager who can be contacted for help in managing their account. Furthermore, Glare Markets offers a wide range of financial instruments for the most profitable investment of funds.
Accordingly, one can choose assets, trading instruments and investment plans in one’s personal account and request customised programmes to suit one’s goals and abilities. In addition, Glare Markets’ experts would select the best financial plans for each client.
In doing so, Glare Markets takes into account the client’s goals and optimal timing, as well as trading experience, to create the best conditions for capital development. The Glare Markets team creates financial plans for all family members, including minors and the elderly.
Moreover, according to the company’s website, Glare Markets offers different account types to choose from:
- Basic account: Minimum deposit 250
- Bronze account: Minimum deposit 3,500
- Silver account: Minimum deposit 10,000
- Gold account: Minimum deposit 25,000
- Platinum account: Minimum deposit 50.000
- Pro account: Minimum deposit 100,000
- VIP Leverage Account: Minimum deposit 250.000
Glare Markets online presence
The provider Glare Markets can be reached via the English website https://glaremarkets.com.
In Germany, §5 of the German Telemedia Act (TMG) stipulates general information obligations and mandatory details for the imprint. Accordingly, this obligation for “provider identification” applies to all commercially operated websites. This is because this data is intended to inform the user of an Internet presence who he or she is dealing with.
In addition, the address of the website owner plays a role if legal claims are to be enforced against the owner. In this context, it is also important to note that the obligation to maintain an imprint also applies to foreign providers who carry out their business activities in Germany.
As of July 2021, no legally binding imprint could be found on the website of Glare Markets.
According to §6 of the German Media State Treaty (MDStV), the name of the person responsible for the content of the website must be displayed in the imprint. In most cases, this is a member of the company’s management. Identifying the persons responsible by name is not only an obligation, but also a sign of transparency.
On the website of Glare Markets, there is no data on persons responsible for the content in July 2021.
Operating company and trademark
The name of the website or platform or offer is not necessarily identical with the operating company. In the past, it has often happened that providers operate with many different trademarks at the same time.
Furthermore, it is a common practice of certain providers to remove the websites of discredited trademarks and to return to the market promptly using a new trademark.
Therefore, when researching news and information about a provider, it is always a good idea to include the operating company in addition to the trademark. The relevant information can be found either in the imprint or often also in the footer of a website.
On the Glare Markets website, no distinction could be made between a trademark and an operating company at the time of observation.
Various financial providers use their many years of practical experience to suggest trustworthiness. However, the registration date of the domain always stands in the way of such declarations. Consequently, it must be questioned who the domain owner is and at what time the domain was registered.
Our lawyers retrieved the data on the provider Glare Markets on 6 July 2021 with the following result: Domain Information Name: GLAREMARKETS.COM Dates Registry Expiration: 2021-09-17 12:55:45 UTC Created: 2020-09-17 12:55:45 UTC Registrar Information Name: Internet Domain Service BS Corp
Glare Markets Contact Information
The following information was available on the Glare Markets website at the time of writing:
- Glare Markets email address: support[a]glaremarkets.com
- Address of Glare Markets: n. A.
- Telephone number of Glare Markets: 0044 2037694546
Glare Markets Authorisation
The existence of a valid authorisation from an official European financial supervisory authority can be an important criterion for determining whether a company is a trustworthy financial provider. This is because the granting of a licence requires considerable economic effort on the part of the company.
Nevertheless, it does not necessarily have to be a case of investment fraud if a broker omits data on its licence or its regulatory status. The following financial supervisory authorities, among others, are responsible for granting authorisations and supervising financial service providers such as Glare Markets:
- Commissione Nazionale per le Società e la Borsa (CONSOB, Italy)
- Federal Financial Supervisory Authority (BaFin, Germany)
- Malta Financial Services Authority (MFSA, Malta)
- Autorité des marchés financiers (AMF, France)
As of July 2021, there is no evidence of regulatory licensing on Glare Markets’ website. Investors can discuss what this means with a lawyer from our law firm.
Regulatory warning on Glare Markets
The Financial Supervisory Authority of Finland, FIN-FSA, has issued a public warning on Glare Markets dated 23 June 2021. This is because the authority has reason to believe that the company is offering investment services in Finland without the appropriate authorisation.
Online Trading Advice
Online trading like Glare Markets is the extension of traditional trading in financial instruments to the internet. Here, as there, capital investors act with the aim of generating profits by buying and selling assets. Trading is no longer limited to securities. Rather, exchange traders can also choose from the following options, for example:
- Investment funds
- listed index funds
- Foreign exchange
- Corporate bonds
- Crypto trading with Bitcoins and Altcoins, for example Binance Coin
- Bank deposits
- Money market funds
Online trading is carried out via interfaces such as online brokers (such as Glare Markets) or banking houses that provide their clients with a special trading software solution. It is to be expected that in the future there will be more and more private investors who discover online trading for themselves.
All you need is an internet connection and a computer or tablet or smartphone.
Advantages of online trading
Digitalisation has also had a considerable impact on the financial world, especially with regard to trading such as at Glare Markets. This is because the technical possibilities have made trading particularly fast.
Whereas investors and traders used to have to place their orders by telephone, fax or post, this can now be done at the click of a mouse and at a fraction of the cost. Criteria such as the length and type of the trade, prices and quantities or the key data for the account no longer have to be defined personally between the broker Glare Markets and its client.
Consequently, the possibility of online trading has created numerous conveniences:
- The cost of the transaction has dropped rapidly because there is no need for personal assistance over the phone.
- The risk of losses due to gaps is reduced.
- The speed at which transactions can be executed has increased noticeably.
- Profits can be generated even with a small stake.
- Online traders can access numerous tools and use different indicators.
- The range of tradable assets is broader and deeper.
- A large number of tools can be used automatically and immediately.
But online trading does not only bring conveniences with regard to the easy-to-understand use of the trading platform. Above all, the analysis options, indicators and the many different tools provide the investor with noticeably more comfort.
Because the times when you had to draw your own chart diagrams or laboriously make your own calculations are over. Today, online traders find a wide selection of order types in their system, which they execute themselves within the framework of day trading with the preferred broker of their choice.
The individual trading plan
Because there are numerous order types, online traders can tailor a trading plan to their needs and make various configurations: Buy entries:
- Buy Stop Orders: Buy above current market price
- Buy Market Orders: Buy at current market price
- Buy Limit Orders: Buy below the current market price
- Sell at the current market price (Sell Market Orders)
- Selling above the current market price (Sell Stop Orders)
- One sells below the current market price (Sell Limit Orders)
- One exits at a loss when the predetermined price is reached (Stop Loss)
- The stop loss is moved depending on the development of the price (trailing stop orders)
- Exit with a profit when the pre-determined price is reached (Take Profit)
An additional convenience of online trading from a capital investor’s point of view is the absence of restrictions. This means that you are free to choose your own trading strategy and acquire your own trading style. There are many different approaches:
- Sustainable trading
- Automated trading with robots (“Expert Advisors”)
- Swing trading – high-risk exploitation of fluctuating prices
- Intraday trading – opening and closing positions within a single trading day
- Scalping: offensive, short-term trading in short time intervals
A large number of these trading styles made online trading possible in the first place by eliminating the previously unavoidable telephone dialogue with the trader. Seen in this light, one can speak of a trading revolution that bridges the gap between many private investors from all over the world and the global financial markets.
Investors would be well advised to check to what extent the service provider Glare Markets offers these very conveniences.
Weaknesses in online trading
Not all that glitters is gold, this statement also applies to online trading. Consequently, apart from the advantages, there are also a number of disadvantages that interested private investors should include in their considerations:
- Investors should keep a constant eye on price movements.
- If wrong decisions are made, one has to reckon with considerable deficits.
- The emergence of fraudulent trading portals has led to immense risks of loss.
- Investors should already be experienced in trading and build on resilient strategies.
- Compared to traditional trading, things are rather hectic.
Above all, risky day trading is not suitable for capital investors who are dealing with the topic of trading for the first time. The danger of misjudging price developments is immense, and corrections are difficult due to time pressure.
Therefore, this form of trading is more suitable for very competent private investors or those with a pronounced affinity for risk. If someone falls into this category, day trading is an option for action in order to achieve results in a timely manner.
Incidentally, one benefits, for example, from the omission of fees for overnight positions. After all, such costs must also be taken into account when considering an investment as a whole. Furthermore, one saves oneself the proverbial rude awakening in the morning in the event of rapid and violent price changes.
Such “gaps” develop quickly due to negative reporting about a company. On the other hand, one quickly sees success as soon as one can report a surplus at the end of a trading day. It is also important for day traders to compare the trading fees of the individual brokers.
It can pay off to opt for a lump sum in the form of a fixed rate. This is especially worthwhile if you trade at a high frequency and separately invoiced order fees would significantly reduce your earnings.
Understanding the dangers
In order not to unnecessarily increase the dangers of online trading, it is advisable to check what kind of service provider you want to use to trade on the trading venues. From our law firm’s experience, some questions have emerged that can help one identify potential risks. Applied to the example of Glare Markets, these would be as follows:
- Are there any warnings from lawyers or law firms who are looking after clients who have suffered losses in connection with Glare Markets?
- Are there any regulatory alerts regarding Glare Markets?
- Do exchanges with Glare Markets result from an unsolicited telephone call?
- Does Glare Markets promise exceptionally high profits and conceal or downplay the risks?
- What experiences have other investors already had with Glare Markets, what kind of opinion prevails in forums?
- Is there an imprint on the Glare Markets website and can credible information on the company’s registered office be found?
- Is Glare Markets regulated by a European financial supervisory authority and is the company subject to official supervision?
What to do in case of losses?
If you fear that you have been defrauded in online trading, it is advisable to block further payments immediately. This is especially true if the trader suggests additional payments to compensate for losses. Furthermore, one should try to recover the lost capital.
In this regard, affected persons can seek investor protection and contact the lawyers of our law firm. Our law firm examines civil law as well as criminal law options and possible claims for damages against the provider and against involved payment service providers such as banking institutions.
“One can by no means speak of an exceptional case if a private investor loses money in online trading. Many investors are misled by the professional behaviour of the financial providers and do not realise in time that they are not responsible for their loss
Our advice is therefore not to resign, but to act quickly and actively. Because the prospect of recovering the lost capital is often greater than the aggrieved investors realise. Would you like to talk to one of our lawyers about glare markets? Then you can go straight to our contact section here.