Welcome to the Make Money Online Zone. Today we are talking about a company that has been around for a while but hasn’t gained the best reputation. The company is called Glenridge Capital and is a binary options broker. If you are a regular reader of MMOZ then you may have seen some of our reviews that have covered several binary options scams. But today we were contacted by one of our readers who requested that we put a warning out about Glenridge Capital as he could confirm that they are a scam company. After doing a bit of research, we discovered that our reader was not alone.
If you are thinking of joining Glenridge Capital or investing money with a binary trading service that uses this company, then please read this article before you get involved. We were informed that this company often refuse to pay out money that has been earned, but it would seem that this is just the tip of the iceberg.
What is binary trading and why would you get involved with Glenridge Capital?
If you are new to the world of making money online or investing then you may also be new to binary trading. Trading binary options is often sold as an easy way to make a lot of money very quickly. What most newcomers don’t realize is the fact that there are currently thousands of binary options scams on the market. In fact we are seeing new binary trading scams online every single week.
Although binary options trading isn’t a scam so long as you use a reputable company, there are still high risks. Trading options is a simple way to invest money by predicting if a stock, commodity or asset will rise or fall in value. For a long time trading like this was reserved for those with the know-how. But now there are thousands of websites that claim to be able to make the process very simple. Most of these get rich quick, easy money sites will tell you that they have developed an automated system that will trade on your behalf. This of course is very tempting for the average newcomer, especially when they are told that they can make thousands in a very short space of time.
Below is just one example from a recent online scam.
So where does Glenridge Capital fit into all of this?
Most of the scams that we see online will claim to offer their services for free. They will tell you that they have developed an automated or semi-automated trading platform and they need beta testers (or some other fake story). These scams are often very well done and the sales videos are often quite elaborate in order to convince you that they are the real deal. Once to sign up for their supposedly “free” software, you will be directed to a binary broker. And this is where Glenridge Capital comes in!
Unlike many binary trading brokers, Glenridge Capital is unregistered and totally unregulated! These guys are out to make as much money as possible and they do it very well. Even if you go directly to the official website you will see that these guys offer lots of intensives that are designed to encourage people to invest more money. But most people don’t go directly to the Glenridge Capital site. Instead they are sent there from an external website who have pre-sold the benefits of using their automated software.
So how does this scam work?
Most people that get involved with these scams are looking for quick cash. They watch the sales video and everything seems very impressive. The final icing on the cake is usually when they discover that they can get the automated software for free. They are then convinced to deposit a minimum amount as an investment within their chosen broker. Many scams have used Glenridge Capital as their chosen broker. Why? Because they pay well and don’t give refunds.
Every time someone invests money with Glenridge Capital, the creators of the online scam get paid a nice commission. In turn the scammer will recruit lots of marketers to further push their scam and to get more people involved.
But within the terms and conditions of the Glenridge Capital site, it clearly states that anyone found to be using automated or semi-automated systems, that their account will be terminated. And as this company is not regulated they tend to choose not to give refunds and not to pay out, even if you have made money through them.
The people who got involved with this scam cant get a refund from the site that referred them in the first place as they give the software away for free. The terms and conditions clearly state the risks of binary trading and that you might loose all of your money within both the referring site and the broker site. And if all else fails, Glenridge Capital will just refuse to pay you because of something hidden in their terms. The whole process is designed to make it near impossible to get your money back.
Glenridge Capital broker reviews – What other people say about their experience?
The following statements are the opinions of just a few people who have experienced Glenridge Capital.
If you would like to leave your own Glenridge Capital review, please post it in the comments section at the bottom of this post.
Glenridge Capital Review – The Final Verdict
As you can see from the Glenridge Capital broker reviews above, this company should be avoided at all costs. Much of what you hear online about binary trading might sound like a great way to earn a lot of money, but there are so many different scams that you can easily fall for. Once you have invested your money with an unregulated company like this, it’s incredibly difficult to get your money back. Even if you do manage to get a refund, chances are you will pay a large fee for doing so.
If you have lost a great deal of money to this company then you should seek legal advice. If you are tempted to join one on the many binary trading systems out there that work with Glenridge Capital, I highly recommend that you reconsider.
Looking for a legitimate way to earn money online?
If you are still looking for a legitimate and ethical method of earning money online, then we have a recommendation for you. We work closely with a website called Wealthy Affiliate on a daily basis. Wealthy Affiliate is a training website that teaches and provides all the necessary tools to start up your own online business. You can test everything out at no cost and see the quality of the training before you decide if its for you or not. For more information take a look at our Wealthy Affiliate review.
Leave your thoughts and comments about Glenridge Capital
If you would like to have your say about Glenridge Capital then we would like to hear your story. Get in touch by dropping us a comment in the section below. This will help others to make an informed decision before getting involved with this scam.
- This company is verified as a scam broker. However, a few people have reported getting their money back.
- As reported many times, this company is very difficult to deal with. They will take your money and ignore your calls.
- The whole process that this company follows is designed to take more and more money from you.
- The odds of losing all of money are incredibly high with Glenridge Capital.
- Many third party scams are associated with this company. Do not trust them!