Is Glorymarkets a scam? Based on its regulatory footprint, withdrawal behaviour and corporate transparency, our verdict is clear — and concerning. Here is the full review.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is Glorymarkets?
On the surface, Glorymarkets looks like an ordinary forex and crypto broker. Its public site is presented at https://www.glorymarkets.com/. But surface impressions are exactly what these operations rely on — the substance behind Glorymarkets is where the problems begin.
Is Glorymarkets regulated?
Glorymarkets provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.
Red flags we identified
- No credible physical address or verifiable corporate record
- Opaque or anonymous corporate ownership
- Aggressive “account managers” coaching clients to deposit
- Offshore or shell-company registration used to avoid oversight
- Unrealistic profit claims and pressure to deposit more
Our analysis
Glorymarkets claims to be a brand name of Glorymarkets Limited, a company that has subsidies authorized and regulated by multiple regulators, including: 1) Glorymarkets Limited (Mauritius) is regulated by the Financial Services Commission of the Republic of Mauritius (Mauritius FSC) with license number GB20025826; 2) Glorymarkets Limited (Malaysia) is registered by the Labuan Financial Services Authority (LFSA) with license number MB/21/0072; 3) Glorymarkets (St. Vincent and The Grenadines) is registered by St. Vincent & The Grenadines Financial Services Authority (SVG FSA) with registration number 25034 IBC 2018. However, we did not find any match results to Glorymarkets in the above watchdogs' registries. The regulatory information this broker claim is a false statement for unsuspecting traders. The truth is, Glorymarkets is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Can you recover money lost to Glorymarkets?
If you have deposited with Glorymarkets, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by Glorymarkets?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.