Today we are talking about a company called Glenridge Capital. Unfortunately, this company have gained a very poor reputation lately. Recently we were contacted by one of our readers who requested that we put a warning out about Glenridge Capital. Our viewer claimed that Glenridge Capital was a scam and after doing a bit of research, we discovered that our reader was not alone.
Are you thinking of joining Glenridge Capital? Maybe you are thinking of investing money with a binary trading service that uses this company? In this case, 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.
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 are 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.
Binary options trading isn’t a scam so long as you use a reputable company. But there are still high risks, even with the best training companies. 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.
Glenridge Capital is a broker that works alongside many of these “Get-Rich-Quick Schemes”.
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 that has pre-sold the benefits of using their automated software.
Unfortunately, most of this “free” software is just a scam. There are tons of fake websites and fake software apps simply designed to trick you into “investing”.
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 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 payout, 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 lose 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 of 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 it’s 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!
Do not take any Bonus offer from your broker or your manager, do not allow your broker manager trade on your behalf. That is how they manipulate traders funds.
Good advice Liam. My advice would be to avoid trading! It never ends well in most cases.
Beware of Binary options scams and Cryptocurency scams! I think many are run by the same people.
I invested a total sum of $96,000 over a period of 20 weeks. My bonuses and actual profit made was $170,000. Every attempt to make a withdrawal has failed so far and I was instructed to make another deposit of $20,000 before I can start to make withdrawals which I did (stupidly). Up till now I’m still unable to make withdrawals and all attempts to contact the broker has failed. I feel to silly that I got myself into this mess but I just wanted everyone out there to be aware of this. Most of these money making websites are fake! Binary trading brokers are the worst in my opinion!
Hello Liam. Wow, what a story! I really appreciate you taking the time to contact me on my website. You are quite right, I have seen so many people getting scammed by this sort of thing. But it has to be said that you did “invest” quite a lot of money. This is one of the largest losses that I have seen here.
I’m very pleased that you chose to share your story on here and I hope that you can get somehow get your money back. But here’s a word of warning… The binary trading scam artists are bad enough, but you also have to be very careful of so called businesses that claim to be able to get your money back. Binary trading recovery firms are popping up all over the place and many of them are total scam artists. Choose the wrong people to get involved with and you could end up losing even more money.
Please feel free to get back in touch and let us know how you get on.
Rachel Turner says
After weeks of turmoil and sadness that GToptions brought upon me and my family after I lost GBP110,000. I was introduced to this guys at ***Deleted By Site Admin*** com they are the best and helped me recover all of my funds without any hassle in 48hours, I am so happy doing this because I know how many people would benefit from this useful information.
We have deleted the link that you were trying to pass on. We know that you are scammers and I won’t allow you to promote your scams here.
Charles Kennth says
One wouldn’t really think much of this, all I really wanted to do was invest and be part of it but the way I was lied to by this brokers was terrible. To easily take money from all in the name of investment and when I wanted to make withdrawals every single attempt was fruitless with constant hassle to invest more I really can’t say more than I have already said.
You and so many others share the same story. I hope you didn’t lose too much to Glenridge Capital. There are so many scams out there and there are more and more each day. My best advice would be to concentrate on something that isn’t so high risk. I always recommend people to start up an online business rather than trying to make easy money with the likes of binary trading.
Hello these fake brokers take advantage of people who seem low risk and fragile. It sucks when all you wanted to do was to invest your money into something that secures a better future for yourself and your family only to get ripped off.
Yes, I agree Ben. We should all take extreme care when investing any money online. There is no way to make quick profits online and its always worth remembering that.
I had a bad trading experience. I was ripped off by a bogus broker recently it was difficult to get a withdrawal after many failed attempts. I had to hire a refund solution firm to get my funds back. Unfortunately it turned out that they were also scammers. Stay away from binary trading and those recovery scammers!
Thank you for sharing your advice Amy.
Alma Theresa says
I am one of the Victims here. At first, the software seemed to be really professional and authentic. I found many favorable reviews about its performance and delivered results. So, I decided to invest in it and try to achieve success in the online trading sphere. Soon, I realized that the software was swallowing all my investments. This is nothing more than a dangerous and fraudulent platform. I invested over $140,000 and couldn’t withdraw my money, months passed and still nothing. They took it all. I’m fortunate enough to be able to afford this investment but really stupid for thinking that I could make money with these people. I should have been more careful.
So sorry to hear that Alma.
Its one thing to be able to afford the investment, but loosing it can’t be easy at all. You have suffered a great financial loss here. Just be careful if you go looking for ways of getting your money back. There are lots of scams currently running in the field of binary trading, many scammers are targeting people that have already lost money! If you see an advert saying that they can get you investment back, be very careful! Do your research before trusting anyone in this field. If you are unsure, contact us by replying to this comment. We’ll be happy to investigate!
I was scammed by EZ binary last year where i lost almost all my investment on that platform… I had to surf round the internet to see if there was any way i could get my money back, I contacted an Israeli lawyer who wasted my time and extra cash of mine.
I’m sorry to hear that you lost your money to this scam. I haven’t heard of EZ Binary, perhaps I will investigate that one. Do you have any more details about this scam? I may well publish an article to warn others about it.
Kim Linsu says
All the binary options companies are fraud. They can’t earn if their clients don’t loose money. Regulated companies also work this way.
Quite right Kim. In my opinion most binary trading companies are very similar to online casinos. Its just called investing rather than gambling, but with rather similar results.
Joseph Tinder says
Hello everyone! This company is BIG SCAM. They scammed me for 64350 EURO. First time I paid 350 EUR to open “fully managed account”. In week time they called me and told that they want to work with higher amount. My manager was David Owen. He asked me to invest 20K and in two days he will make the profit of 35%. I invested this money.
After a while he asked me to invest 10K more. I didn’t agree because I spoke with him and said I needed to make the withdrawal. They didn’t approve my withdrawal. And in a week more David called me and asked to send them 7K. He said if I did not do it I will loose all my money. I sent them this 7K.
After that they made a balance of 95K. I asked about the withdrawal of 27K. David told me that if I want to get the withdrawal I need to pay the commission of the trader which was 10%, 9.5K. I paid and waited for the withdrawal.
He didn’t answer my e-mails. In a month I had a call from Janet from the Finance department. She asked me to pay some money for insurance firstly. Then for some taxes and banking services. As a result they just scammed me for all time.
Wow, that’s a lot of money to loose. I don’t know a great deal about recovery companies out there but I know they do exist. Perhaps you could try contacting a reputable company, but I would certainly look into legal advice. Feel free to let us all know how you get on. Did you lose your money directly through Glenridge Capital or was there another company involved?
Joseph Tinder says
The processor of the payment was well known Greymountain management. But it was just when I made the deposit by my bank Card. In this situation is chargeback for help.
I didn’t make the recovery by myself. I get help from lawyers. I will not make the advertisement of them. It’s not my business. If someone want I can give their contacts or web site.
How they did this. It was long process which included a lot of steps. First was complaints with broker company, then a lot of letters to regulation and other control system. As a result my lawyers by all processes with bank blocked the bank account of Glenridge. After that by bank I got the recovery. To say true it was not cheap for me. But I got the result. As lawyers explained me not in all situations you can get your money back.
Thanks for explaining that Joseph. I’ve heard that in a lot of cases its very difficult to get your money back. I’m pleased to hear that you managed to recover your money though. I’m sure you lost out with expenses, but at least you managed to take back control. Hopefully more people can do the same.
HI, I lost to Glenridge capital also, I tried some recovery firms but all are bogus especial wealthtradersrecovery who have a very slick presentation but they are impersonating the SEC and I have verified with the SEC that it is a total scam.
I do have an attorney who has filed suit against the banks and credit card companies and just made a posting which is awaiting the moderator so I won’t post again as I want them to know this is genuine. He does not charge an upfront fee, no guarantee of course because it is dependent on the US court system and how the banks fight but as there is no money upfront we are not losing to another scammer. Once the court decides on how the suit can progress we can add more names if uou used a major US based bank or credit card. The moderator can contact me directly to verify everything and I hope and pray more people can be added.
Thanks for sharing your story! I’d certainly be interested to learn more about the outcome.
Dealing with these scumbags has been a nightmare!
Glenridge Capital is a scam broker, its impossible to make withdrawals. Why are they still allowed to operate?
I think this is very similar to thousands of other scams that we see all over the internet. Why are they allowed to operate? This is the question that many people are asking. I think it’s about time that we saw a type of internet policing going on, but for now we simply need to rely on websites like the one we run here.
I recently recovered my initial investment from these bogus brokers. Glad the nightmare is over.
Glad to hear that you got your money back. From what I hear it’s also quite unusual! There are tons of scammers out there that want to take your money, some of which even claim to be recovery specialists.
Anyway, I’m glad everything worked out ok for you.
Yes true, ran into a couple before i got my funds back.
Really? So did you pay out further money to the fake recovery services as well?
Yes really, likes of Wealth Recovery and Birman Law, I am guessing there is a number of them out there. Anyway I hope folks will research more on investment opportunities before venturing.
Thanks for the information Susan.
To be honest we haven’t ventured into investigating recovery companies on this website yet. I really appreciate you sharing this information with us and it’s definitely something that we will look into in the future. Your quite right in what you are saying here. Everyone should be extremely careful when entering into any kind of investment opportunity. Personally, I advise to avoid the likes of binary trading and Forex completely.
Thanks again Susan,
Hello to all on MMOZ. Anyone who is serious about making money with trading should definitely avoid Glenridge Capital. I joined one of the many scams that are connected with this company and got ripped off.
I lost my money and these people won’t even speak to me any more.
Thanks for the warning but I read it too late.
Sorry to hear that you didn’t see this warning before getting involved with Glenridge Capital. I’ts quite common to be ignored once you have parted with your money. These people are interested in one thing and one thing only… Money! I’m sure that the Glenridge Capital broker was created by the same people behind the binary trading scams that we are seeing more and more of.
My best advice would be to avoid online trading completely. Although some people will certainly disagree with me, I see binary trading as a really bad way to gamble with your money. The odds are stacked against you and using software applications and automated solutions just isn’t path to success.
Sorry that you lost you money, but I really appreciate you sharing your story with us.
Ashley grow says
All my life I worked hard and never stopped, the aim at the end was to retire and rest during my old age. A family friend of mine introduced me to a company called GT-Options. I was so glad, thinking that this was a way I could at least have my money work for me. The broker sounded so nice and helpful, on the other hand I was so gullible and kept investing more and more into GT-Options before I would know it my investment would total 410,000 GBP. On my trading platform I could visibly see that I had made an extreme profit of almost 390,000 GBP. It was a thing of joy that soon turned out to be my worst nightmare, as it turned out that I couldn’t withdraw any part of these funds.
I tried to speak to the broker who helped me originally but at this point he was nowhere to be found. Even tried the police but was told they could be of no help, even tried to get a lawyer but was told my chances were slim to none of recovering my funds back. It was the worst time of my life.
Sorry to bore you with my experience but I just wanted people to be aware of the risks when dealing with a company like GT Options and Glenridge Capital. My life is now in ruins due to this massive mistake.
Hello Ashley. What a really sad story. There is nothing I can say to make things better here, but what you have done is really fantastic. By sharing your story with us, you can rest-assured that the people that really need to see this message will read it. You have no need to apologize for sharing your story with us, I really appreciate it. I’m just sorry that you lost such a huge amount of money.
I lost a huge sum of money binary option trading, and thankfully was able to have my funds recovered, thanks to a recovery expert.
Thank you Elliah. Glad to hear that you got your money back. Was this in connection with Glenridge Capital? I seem to be hearing a lot about recovery experts these days. I guess the company recovering the money take a cut? How did the process work in your experience?
I liked the article, found it quite interesting how marketers and companies use a system to take advantage of people who do not take the time to read or ask questions.
I would definitely avoid this one after reading, and I would also not have any dealings with those promoting it!
Hi there Tim. To be honest, from what I have seen the majority of people out there will never bother to read the small print. And in most peoples defense, why should they need to? I find it very sad that so many online businesses have to scam people in order to make money. There really should be a form of online police where things like this can be reported. I’m sure one day there might be, but until then we all need to be very careful.