Is Glenmore Investments a top Forex brokerage provider since 1983 or just another scam Forex broker? Find out more from our glenm.com review!
Overview of online broker
Active on the market since 1983, Glenmore Investments is an online Forex broker owned by B.S.M Services LTD (the “Company”). Its operational address is listed as Tornimae 5, 10145 Tallinn, Estonia and this broker states that customers from the US, Belgium, France, Israel, Canada and Australia can’t trade with them.
Leading brokerage services with the safety of its investors capital as their central value – that’s the first impression we got from Glenmore Investments. The homepage presents the three main features they offer: segregated accounts, insured client funds, and negative balance protection. We’ll talk more about them below.
With a further research, we can state that Glenmore is a flexible broker, allowing both novice and experienced traders to use their services. Customers can choose from a wide variety of products, such as CFDs Trading, Commodities Trading, Forex Trading, Shares Trading and Indices Trading.
The website is available in 3 languages: English, Spanish and Russian.
Account types and deposit options from Glenmore Investments
Glenmore Investments designed 4 account types for its investors: Mini, Standard, Premium and VIP. This is definitely a good approach; customers can’t complain that there isn’t an account which suits their needs and experience. Of course, there are some differences between each account type but they all come with some perks.
The Standard, Premium and VIP accounts have a Welcome Bonus, a Rebate Program, 1-on-1 Trading and the possibility to express withdrawals. Meanwhile, the Mini account is just perfect if you’re a newcomer and want to develop more skills.
The minimum deposits start from 250 USD/EUR for a Mini account and continue up to 2.500 USD/EUR for a Standard account, 10.000 USD/EUR for a Premium account and 50.000 for a VIP account.
Platform at Glenmore Investments
One can never go wrong with the MT4 platform. Glenmore Investments once again draws attention to their flexibility by the choices they make. The MT4 platform is equipped with advanced technology and a user-friendly interface that allows both beginners and experienced investors to trade more efficiently. This interface is the most popular also for the large number of sophisticated instruments it provides.
Customer support service from Glenmore Investments
Glenmore Investments provides daily support to its customers and they seem to be really devoted to assuring the success of its investors. Every client receives a personal account manager who will provide professional trading assistance and market analysis.
The safety of your capital with Glenmore Investments
A major plus is that Glenmore Investments offers segregated accounts exclusively! A segregated account is a separated account used by brokers to keep their clients’ money separate from the ones of the company. In other words, if you decide to open an account with Glenmore Investments, your account funds won’t be used for the wrong purposes and in case something happens to the firm (for example, bankruptcy) the money will be identified as belonging to you and only you – the customer.
Another major benefit worth mentioning in this section is that Glenmore Investments offers a Negative Balance Protection. While trading, with this safety measure, your funds can never go below zero! If you’ve traded before, we’re sure you know how important and useful this feature is.
Apart from the solid safety measures, the various account types and the personal approach of the customer support service – Glenmore Investments has a consistent educational center represented by a wide range of free learning materials on the latest trends and advanced practices. Furthermore, the availability of the economic tools and the daily asset review is definitely a significant advantage for any trader!
Glenmore Investments doesn’t offer a demo account and this is a huge disadvantage for any online broker. While it does offer the possibility to sign up for a Mini account with a low minimum deposit, all traders want to get to know how the broker operates before the actual investment takes place.
Another disadvantage is the lack of micro lots. Glenmore Investments presents itself as an online broker available to novice and experienced traders, micro lots would be of great use for investors looking to start trading but who want to reduce the potential downside.
Glenmore Investments – best trading platform
Those safety measures regarding the customers’ capital made it hard for us to even think that Glenmore Investments is a scam. It’s definitely a gem and their long presence on the market proved they always keep up with the latest technology and trends. Maybe they will add a demo account option and micro lots in the future? Who knows … Until then, we most definitely recommend it!