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Look at the picture, peers know the knows the lowdown on these top platforms. new comers should pay more attention to it! These recorded platform are so disgusting.
During the 3 weeks before February 28th, the system showed that my account is “banned”. And the broker is banned for search since March 2nd. There is still $3000 left in my account. The former address, 1502, No. 111, Tiyu West Road, Guangzhou, is a facade now. Hope related regulator see to this. It is simply a scam!
My experience was similar to the article. Firstly, they invited me for interview with high salary and boasted how promising the company would be, which motivated us a lot. After we joined the company, they enabled us to use virtual account. Having trapped us successfully, they induced us to deposit money, saying that monthly income of 100 thousand RMB is accessible. I didn’t resist the temptation and deposited 7000 RMB, while they said that the threshold is at least 21000 RMB. Given that I was a beginning practitioner. They lowered the threshold and told me to deposit fund into BLGlobal . At first, I was excited at the profit. Then I made constant losses, until my account becoming forced liquidation. Eventually, there was only 559.72 RMB left. As no more money left, I applied for the withdrawal. They agreed my request in case that I found that suspicious. I haven’t realized that I was cheated until I saw this article. And I figure out that the receipt is blank. One can seen from my uploaded annex.
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 BL Global Markets previously held a New Zealand FMA straight-through license, but that license has now been revoked on October 17, 2019.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.
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.
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.
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.
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