AGlobalTrade broker review

Broker AGlobalTrade plans to help new and experienced traders trade financial instruments. To do this, the company declares that it has all the necessary resources and experience. However, apart from pompous statements, the organization cannot boast of anything, and several factors allow us to classify it as a fraudulent company.

Aglobaltrade broker review

Information about the broker AGlobalTrade

The AGlobalTrade company indicates on its official website that it has been working in financial consulting for several years and has helped many clients succeed. But reality differs from the created picture, as evidenced by the following points:

1. The site’s domain name was registered recently – scammers bought it to make a fictitious trading platform;
2. the organization does not provide any evidence of financial regulation or confirmation of registration in Saint Lucia or anywhere else;
3. the contact information contains a telephone number and email address that are actively used for spam mailings and fraudulent calls;
4. the broker offers accounts with unrealistic financial profit conditions that legally operating organizations cannot provide.

Among the numerous data on the official website of AGlobalTrade, there is no information about how traders can withdraw their earned money. This is because this stage is not provided for by the “activities” of scammers. The invested funds will end up in their pockets, after which the user’s account will be blocked without possibly returning the deposit. In this situation, we are not talking about any earnings.

Reviews about the broker AGlobalTrade

The so-called brokerage house has recently started its activities, as evidenced by the small number of online reviews. But they are already beginning to appear, and these comments cast a shadow and reveal the truth about the real “prospects” of cooperation with this fraudulent organization.

AGlobalTrade clients note that the company takes advantage of the naivety of beginners with little trading knowledge. With sweet pricing plans and promises, she lures them into making a minimum investment of $500. After this, the most interesting part begins – the so-called brokers do everything they can to ensure the depositor’s deposit is “drained”.

When a client starts to complain and demand his money back, scammers throw this user

aglobaltrade.com

into a block. There are no ways to contact technical support, so the deceived person is left with nothing and understands that he has become a victim of scammers. Since the AGlobalTrade organization has no legal basis for its financial activities, there is no point in filing a complaint with the police – it will not be considered.

Identifying a fraudulent Forex broker involves looking for several red flags and conducting thorough research. Here are key indicators that may suggest a broker is not legitimate:

1. Lack of Regulation: The most significant red flag is if any financial authority does not regulate the broker. Reputable brokers are usually registered with regulatory bodies such as the U.S. Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA) in the United States, the Financial Conduct Authority (FCA) in the United Kingdom, or other relevant authorities in different countries.
2. Too Good to Be True Offers: Be wary of brokers that promise extremely high returns with little or no financial risk. In the world of investing, higher returns come with higher risks.
3. Unprofessional Website: A poorly designed website that lacks essential information such as contact details, regulatory information, and terms and conditions can be a warning sign.
4. Difficulty in Withdrawals: If there are consistent delays or excuses when attempting to withdraw funds from your account, this is a strong indicator of potential fraud.
5. High-Pressure Sales Tactics: Be cautious of brokers that pressure you to make large deposits or increase your investment size.
6. Lack of Transparency: Fraudulent brokers often fail to provide clear information about their trading conditions, fees, and spreads. A legitimate broker should be transparent about all costs associated with trading.
7. Unsolicited Offers: Avoid unsolicited phone calls or emails from Forex brokers offering their services, especially if you have never heard of the company.
8. Guaranteed Wins: No broker can guarantee profits. If a broker claims to have a secret formula or insider information that guarantees success, it’s likely a scam.
9. Manipulation of Trading Software: Some fraudulent brokers manipulate their trading platforms to create unfavourable trading conditions for their clients, such as delayed order execution, slippage, and unexpected stop-loss activation.
10. Check Reviews and Forums: Look for reviews and feedback from other traders on forums, social media, and reputable review sites. While some negative reviews may be found for even the most reputable brokers, a pattern of complaints regarding withdrawals, customer service, or unethical practices should raise concerns.

To protect yourself, always verify the broker’s regulatory status through the official website of the regulatory body. Additionally, consider starting with a small deposit and gradually increasing your investment as you become more confident in the broker’s legitimacy and reliability.

conclusions

The AGlobalTrade office operates according to the good old fraudulent scheme. The scammers haven’t come up with anything new except creating a simple website with promises of easy and quick money. Intoxicated by sweet statements, visitors are led into a falsely made long-term work history, although the lack of legal documents and methods for withdrawing funds should have alerted them.

The scammers have no intention of helping anyone other than lining their pockets. Cooperation with them is a sure way to lose your investment. Therefore, you cannot deposit or download the software they offer for remote access to trading instruments so that scammers cannot get to the money in your accounts and are left with nothing.

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About the Author

Justine Glover

Justine Glover is a seasoned financial analyst and forex trader with over a decade of experience in the financial markets. Holding a Master’s in Finance from the University of Chicago, Justine has worked with several leading brokerage firms, developing trading strategies and economic models. Her insights have been featured in major financial publications, including Forbes and Bloomberg. She is now living in Gstaad, Switzerland.

Disclaimer: Risks of Trading

In our review of Capitalix, we have examined several different characteristics, and it is easy to see why it has become one of the better trading platforms on the market. With low fees and trading costs, it’s also easy for beginners to get started.>

However, you should still consider the risks with this type of broker. When you use a trading platform where you trade CFDs, there is always a risk of losing money, but the risk will be higher if you start using leverage.

Therefore, limit your trading to smaller lots and don’t go in with more capital than you can afford to lose. It’s also important not to overdo it with leverage, even though it sometimes feels tempting. The risk is that you always lose more than necessary.

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