Note: Biggloballtds official site - https://www.biggloballtd.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is Biggloballtd？
Biggloballtd, with full name biggloballtd INVESTMENT LIMITED, is a United States-based global brokerage firm who offers Foreign exchange, Crude oil, Index, Commodities, Precious metals as its market instruments to traders. However, it is important to note Biggloballtd currently has a suspicious NFA (National Futures Association) clone regulatory status with license no. number 0546421 which raises concerns when trading.
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
Biggloballtd presents some advantages such as providing a wide range of trading instruments across various asset classes, catering to diverse trading strategies.
However, it appears to bear a significant number of drawbacks. The platform has been associated as a potentially suspicious NFA clone, raising questions regarding its regulatory compliance and legitimacy. Functionality issues with the website can also pose a substantial hindrance to a smooth trading experience. Limited details on account types, payment methods, spreads and commissions, as well as on deposit and withdrawal methods, impact transparency and user understanding. The platform's customer support channels are limited, potentially causing delays or inadequacy in client assistance. Lastly, negative reviews from customers may reflect issues with service quality or customer satisfaction, which requires prospective traders to exercise caution before committing to use Biggloballtd's services.
Is Biggloballtd Safe or Scam？
When considering the safety of a brokerage like Biggloballtd or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: It has a suspicious NFA (National Futures Association) clone regulatory status with license no. number 0546421, whichindicates that there is no guarantee that it is a safe platform to trade with. Besides, the official website of the broker is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.
User feedback: 14 reports regarding scams and unable to withdraw on WikiFX should be taken into consideration as potential red flags. It is recommended to conduct thorough research and due diligence before engaging with any broker or investment platform.
Security measures: So far we cannot find any security measures info on Internet for this broker.
Ultimately, the decision of whether or not to trade with Biggloballtd is a personal one. You should weigh the risks and benefits carefully before making a decision.
Market Instruments
BigglobalLtd presents a wide scope of market instruments, aiming at addressing the diverse trading objectives and risk tolerance of its clients.
For those fascinated by the dynamic realm of currency trade, BigGlobalLtd offers Foreign Exchange options. Meanwhile, those looking to tap into the energy sector can explore Crude Oil trading. Index trading is also available for traders seeking broad market exposure. If tangible assets are of preference, BigGlobalLtd provides a range of Commodities and Precious Metals trading options.
Trading Platforms
BigGlobalLtd offers its clients a proprietary trading app to facilitate their trading activities. While this suggests an attempt at providing a customized trading experience, the lack of further disclosure is disconcerting.
The absence of detailed information regarding vital features, such as usability, security measures, technical indicators, and automated trading support, leaves potential users unsure of the app's capabilities.
A trading platform forms the backbone of any online trading experience, and without specific insights, it makes proper evaluation and decision-making difficult. Hence, potential clients are advised to seek more information on this aspect of BigGlobalLtd's service before proceeding.
User Exposure on WikiFX
On our website, you can see that total 14 reports of scams and unable to withdraw on WikiFX which should be marked as red flag. We highly recommend all traders to meticulously scrutinize all available information before risking their hard-earned money. Our platform serves as an extensive information resource aimed at helping traders make informed decisions. If you unfortunately encounter any fraudulent activity by brokers or become a victim of such an incident, we strongly encourage you to report this in our 'Exposure' section. We highly value your input. Our expert team is committed to addressing these issues and will vigorously work towards establishing a resolution for such problematic situations.
Customer Service
Biggloballtd 's customer support is limited to email and address. Though ensuring structured communication, it may restrict real-time assistance and could potentially extend response times comparing to other methods such as live chat and telephone.
Address: 291 Brighton Road, South Croydon, United Kingdom, CR2 6EQ.
Email: support@bigunclelimited.com.
Conclusion
Biggloballtd, a brokerage firm based in the US, offers a range of market instruments including Foreign exchange, Crude oil, Index, Commodities, Precious metals.
However, potential investors should be wary of the fact that Biggloballtd has an NFA suspicious clone status. This represents a major red flag as regulated brokers are subject to strict financial oversight, thereby protecting clients from potential misconduct.
Moreover, the company's unfunctional website implies a lack of professionalism and attention to detail, further eroding trust in their services. Additionally, 14 reports of scams and unable to withdraw also raise concerns.
Consequently, those considering Biggloballtd as their broker should tread carefully, conduct thorough research, and possibly consider alternative, well-regulated brokers that prioritize transparency, security and client protection.
Frequently Asked Questions (FAQs)
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-12-12 10:10
2023-12-08 18:49
