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BLGlobal

New Zealand|5-10 years|
Regulated in New Zealand|Suspicious Regulatory License|MT4/5 full license|Chinese market only|New Zealand Straight Through Processing(STP) Revoked|High potential risk|

http://www.blgm.co.nz/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
BLGlobalMarketsLtd-Demo MT4
Server Location Hong Kong

Contact

+64 9 367 6888
cs@blgm.co.nz
http://www.blgm.co.nz/

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+64 9 367 6888

Broker Information

More

Company Name

BL Global Markets

Company Abbreviation

BLGlobal

Platform registered country and region

New Zealand

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2023-12-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • New ZealandFMA (license number: 414426) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

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BLGlobal · Company Summary

General Information & Regulation

BL Global Markets is a New Zealand financial services provider established in 2014, focused on providing online forex trading services, with its headquarters in Auckland, New Zealand. BL Global Markets previously held a New Zealand FMA straight-through license, but that license has now been revoked on October 17, 2019. BL Global Markets is currently in a state without any effective regulation.

Market Instruments

BL Global Markets provides investors with financial products mainly in popular currency pairs in the Forex market, precious metals, and crude oil products. Compared to most brokers, the asset classes traded on the BL Global Markets platform are fewer.

Minimum Deposit

BL Global Markets offers a live account and a demo account for traders to practice testing, with an unknown minimum deposit requirement.

BL Global Leverage

The trading leverage information is not fully disclosed. This is weird, as most other brokers would tell leverage level clearly.

Spreads & Commissions

BL Global Markets claims that customers can enjoy tight and competitive trading spreads through the BLGM platform but does not provide spreads for specific financial products, so this is likely to be false advertising.

Trading Platform

Surprisingly, BL Global Markets provides investors with the popular MT4 trading platform in the market today. MT4 is the best platform for foreign exchange and gold trading, chosen by 80% of traders worldwide, with powerful charting tools, a large number of custom technical indicators, support for automatic trading through EA, and support for traders to create their own trading strategies BL Global Markets MT4 is compatible with desktop, Apple mobile, and Android mobile versions, allowing traders to trade anywhere and anytime.

User Reviews

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User comment

3

Comments

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FX1078299926
more than one year
I have absolutely no interest in this platform and for one thing it provides very little information which shows a lack of sincerity in my opinion. On the other hand, and more importantly, it seems very insecure! Without reliable supervision, I am put off by bad reviews from other users.
2022-11-30 14:51
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FX1054428181
more than one year
The minimum deposit amount is unknown, the maximum leverage is unknown, and the spread commission is unknown. I only know that they support the mt4 platform and also provide simulated transactions. But none of these can be confirmed, as they have absconded and closed their website.
2022-11-28 11:21
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0
0
网谈天下~关注民生
more than one year
DON'T EVER TRADE WITH THIS BROKER! I was lured by its extremely tight spreads and no commissions. When i started real trading, spreads soared to 30 pips! They said it was due to the market volatility. I lost $3,000 here. This gave me a lesson and all your guys, stay away from unregulated brokers.
2022-11-27 10:59
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