Global Broker Regulation & Inquiry App

Score

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/10

E-Global

Luxembourg|5-10 years| Benchmark D|
Suspicious Scope of Business|High potential risk|

https://www.eglobal-group.com/

Website

Rating Index

Benchmark

Benchmark

D

Average transaction speed (ms)

687.7 Poor

Influence

D

Influence index NO.1

Vietnam 2.68

Benchmark

Speed:C

Slippage:AAA

Cost:D

Disconnected:AAA

Rollover:D

Influence

Influence

D

Influence index NO.1

Vietnam 2.68

Surpassed 45.39% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+352 26 374 964
info@eglobal-group.com
https://www.eglobal-group.com/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+352 26 374 964

Other ways of contact

Broker Information

More

Company Name

E-Global Group

Abbreviation

E-Global

Platform registered country and region

Luxembourg

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-07-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The The Virgin IslandsFSC regulation (license number: SIBA/L/12/1027) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The The Virgin Islands FSC regulation with license number: SIBA/L/12/1027 is an offshore regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

E-Global · WikiFX Survey
E-Global · Benchmark
Average transaction speed(ms)
687.7 Poor
The highest transaction speed(ms)
47 Great
The highest speed of opening positions(ms)
78 Great
The highest speed of closing position(ms)
47 Great
The lowest speed of opening positions(ms)
1999 Poor
The lowest speed of closing position(ms)
1984
14.88USD/Lot Good
91.95USD/Lot Poor
Long: -7.93USD/Lot    Short: 1.89USD/Lot
Long: -463.28USD/Lot    Short: 157.23USD/Lot Poor
Average slippage
-1.1 Perfect
Maximum transaction slippage
29 Poor
Maximum positive slippage
-9 Perfect
Maximum negative slippage
29 Poor
Average disconnection frequency (times/day)
0.4 Perfect
Average reconnection time (millisecond/per request)
65.1
Ranking: 119 / 133
Test user 939
Orders 77,488
Ocuppied margin $6,647,295 USD
Data Source WikiFX Data provide
Updated: 2024-07-19 01:00:00

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E-Global · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

E-Global Review Summary in 10 Points
Founded 2016
Registered Country/Region Luxembourg
Regulation FSC (suspicious clone)
Market Instruments N/A
Demo Account N/A
Leverage N/A
EUR/USD Spread N/A
Trading Platforms N/A
Minimum deposit N/A
Customer Support Phone, email

What is E-Global?

E-Global Trade & Finance Luxembourg S.A. was granted its PSF license to act as a broker to customer trades in financial instruments in 2016. The Luxembourg entity was the logical extension of the Groups business to Europe with products such as Forex4you, Trade4you and Share4you.

E-Global's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons

Global offers a wide range of market instruments, providing potential opportunities for investors. The availability of copy trading and mobile trading may be appealing to those seeking convenience and alternative trading options.

However, there are concerns regarding E-Global's regulatory status, with reports indicating an unregulated and suspicious clone license. Limited information on the website further raise doubts about the credibility and reliability of E-Global as a financial service provider.

Pros Cons
• Availability of copy trading and mobile trading • Suspicious clone FSC license
• Concerns regarding regulatory status and scam reports
• Limited info on the website

E-Global Alternative Brokers

    There are many alternative brokers to E-Global depending on the specific needs and preferences of the trader. Some popular options include:

    • Forex Club - offers a comprehensive range of trading instruments and educational resources, making it a suitable choice for both beginner and experienced traders.

    • JFD - provides a transparent and customer-centric trading experience, with access to a wide range of markets and advanced trading platforms.

    • TeleTrade - offers a user-friendly trading environment with competitive spreads and a variety of account types, making it a good option for traders of all levels.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is E-Global Safe or Scam?

Based on the information provided, E-Global's license from the British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) raises suspicions of being a clone or unauthorized entity. Additionally, the report of a scam and the lack of sufficient information on their website are red flags. Therefore, it is advisable to exercise caution and consider E-Global as potentially unsafe. It is crucial to conduct thorough research and due diligence before engaging with any unregulated or suspicious financial entity to protect your investments and personal information.

Market Instruments

E-Global presents itself as a platform that offers real estate and investments on global markets. However, no more specific information is offered.

Copy trading & Mobile trading

Global states on their website that they offer copy trading and mobile trading services to their clients. Copy trading typically allows investors to automatically replicate the trades and strategies of experienced traders, enabling them to potentially benefit from their expertise. However, since E-Global does not provide further details about their copy trading service, it is important for potential users to seek more information directly from the company.

Mobile trading, on the other hand, suggests that E-Global provides a platform or app that allows clients to access and manage their trading accounts using their mobile devices. This can offer convenience and flexibility for traders who prefer to monitor and execute trades on the go.

Customer Service

E-Global provides customer service through phone: +352 26 374 964 and email: info@eglobal-group.com, allowing clients to reach out for assistance or inquiries. Additionally, the company address: 53 Boulevard Royal, 2449 Luxembourg – Eich, Luxembourg – Luxemburg listed in Luxembourg provides a physical location for clients to visit or send correspondence if needed.

Pros Cons
• Phone & email support • No 24/7 customer support
• No live chat support
• No social media support
• Unclear support hours

Note: These pros and cons are subjective and may vary depending on the individual's experience with E-Global's customer service.

User Exposure on WikiFX

On our website, you can see that a report of scam. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Conclusion

In conclusion, E-Global raises significant concerns regarding its regulatory status, with reports suggesting it operates with an unregulated and suspicious clone license. The limited information available on its website, particularly regarding market instruments and trading platforms, adds to the lack of transparency and raises doubts about the company's credibility. Additionally, the absence of clear details on copy trading and mobile trading further hampers its reputation. It is advisable for traders to exercise caution and explore alternative regulated options in the market.

Frequently Asked Questions (FAQs)

Q 1: Is E-Global regulated?
A 1: No. E-Global British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) license is a suspicious clone.
Q 2: Is E-Global a good broker for beginners?
A 2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of lack of transparency.

Review 5

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