AGlobalTrade promises traders access to a unique, modern trading platform, free education on investment basics, and a wide range of financial instruments with a small minimum deposit. This seems like a compelling offer, but we are here to verify whether it’s a scam or not. You can read about the results in our review.
- AGlobalTrade General Information
- Registration and Client Portal Review
- AGlobalTrade Trading Conditions
- Account Types Review
- Trading Platform
- AGlobalTrade — Deposit and Withdrawal of Funds
- Additional Options
- Is AGlobalTrade a Scam?
- Legal Information and License
- Aglobaltrade.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
AGlobalTrade General Information
|The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
|Up to 1:400
Registration and Client Portal Review
The official website of AGlobalTrade is designed quite simply, and anyone can navigate through the provided information easily. The educational aspect is given significant attention, offering e-books and courses. There’s also a news feed for conducting analysis. At first glance, the broker appears to be quite reliable, but upon closer examination of the website, numerous questions arise. For instance:
- Company information is not provided: age, licensing details, and the scope of collaboration are absent.
- Detailed information on trading conditions for traders is not available.
- Information about all trading instruments available to investors is not presented.
The registration form for the AGlobalTrade platform is quite extensive. To set up an account, you will need not only a phone number and email but also a registration address with a specified postal code. In the same form, one must confirm that the potential investor is familiar with all the terms. However, it is practically impossible to read them as the links do not work.
Additionally, a promo code is required for registration. Without it, there will be no access to the account. This practice is unfavorable as it raises concerns about transparency and accessibility. Registration with a legitimate broker should ideally be open and straightforward, allowing users to easily understand the terms and conditions without any unnecessary barriers.
AGlobalTrade Trading Conditions
AGlobalTrade strongly emphasizes its trading conditions. Let’s examine whether they are as good as this broker claims.
Account Types Review
AGlobalTrade offers a total of eight trading accounts. However, the last four are unlikely to be affordable for many traders, as the starting deposits at the end of the lineup increase almost in geometric progression. The broker is seeking $100,000, $250,000, $500,000, and a million dollars, respectively. The services provided for premium clients hardly differ from the standard set of any broker, and in the last accounts, they are not disclosed, assuming that the trader will want to contact a manager and clarify the details independently.
Starting cooperating at AGlobalTrade with $500 is higher than the majority of licensed brokers, which typically have an entry threshold around $10. In the initial accounts, traders are not offered anything interesting, except for standard trading and support assistance. The leverage seems to be the same across all accounts, reaching 1:400.
- The Beginner account implies a minimum deposit of $500 and free training.
- For the Basic account, a deposit of $5,000 is required. The services available here will be the same as in the previous account. So, the feasibility of setting such a minimum deposit is questionable, to say the least.
- The Trader account requires a deposit of $20,000. Luckily, for this amount, traders will also have access to news that can be freely viewed on hundreds of other resources.
- Finally, the Premium account offers something exclusive. Firstly, a deposit of $50,000, and secondly, clients will receive push notifications and SMS signals.
These trading conditions are subpar for several reasons:
- The escalating deposit requirements, especially for premium accounts, might deter many traders.
- The services provided in higher-tier accounts don’t significantly distinguish themselves from those in lower-tier accounts.
AGlobalTrade offers a web-based trading terminal, claiming to have developed its own software. However, given that this appears to be a generic project, there are no compelling reasons to trust these assertions, and traders can expect a standard terminal with a minimal set of functions.
The absence of a demo account from the broker is noteworthy and has its drawbacks. A demo account serves as a crucial tool for traders, especially beginners, allowing them to practice strategies, familiarize themselves with the platform, and assess the broker’s services without financial risk.
AGlobalTrade — Deposit and Withdrawal of Funds
AGlobalTrade provides limited information regarding deposit methods. In the available documents, there are mentions of credit and debit cards, along with the acceptance of bank transfers. However, the broker’s disclosure on deposit options appears to be insufficient, lacking comprehensive details.
Regarding withdrawals, the broker pledges to process requests within two business days if clients fulfill all the specified requirements. This commitment may leave traders questioning the transparency and efficiency of the withdrawal process. The more detailed explanation and clarity on procedures would enhance trust and satisfaction among users.
AGlobalTrade encourages users to undergo a verification process as part of their account setup. The verification process is designed to ensure the security and authenticity of user accounts.
Traders need to submit identification documents, such as a valid government-issued ID (passport or driver’s license), proof of address (utility bill or bank statement), and any other documents requested by the broker.
AGlobalTrade may implement KYC procedures, which involve verifying the identity of clients to prevent fraud, money laundering, and other illicit activities. This may include providing additional documentation or answering security questions.
Also, users might be required to provide proof of ownership of the selected payment method, especially when making withdrawals. This often involves submitting copies of the credit/debit card or bank statement used for funding the account.
AGlobalTrade indeed offers a variety of additional services, including analytics, education, and trading signals. However, it’s crucial to highlight that the entire team remains completely anonymous, raising questions about their qualifications. Despite the platform’s claims, there is no publicly available evidence of their work, forecasts, or any credentials to validate the existence of their expertise or qualifications. The lack of transparency regarding the team’s background and qualifications raises concerns about the reliability of the services they provide. Users should exercise caution and carefully evaluate the credibility of the information and signals offered by these analytics
Is AGlobalTrade a Scam?
The broker has raised concerns regarding its reliability, prompting us to scrutinize its safety and legitimacy.
Legal Information and License
The company claims to be registered in the state of Saint Lucia under the name Gold Coast Advisors. However, the discrepancy between this name and AGlobalTrade raises questions, and it is unclear how advisors are related. Notably, there is no evidence of a license. Saint Lucia does not license forex brokers, posing challenges for clients seeking to resolve disputes or issues, as it would involve dealing with matters in Saint Lucia.
Aglobaltrade.com Domain Info
While AGlobalTrade presents itself as an excellent broker, we disagree with this perspective. Analysis using the WebArchive service indicates that the domain was available for purchase for an extended period. It was acquired and developed relatively recently, with the company commencing operations in 2023. This raises doubts about the broker’s claimed experience and reliability.
AGlobalTrade provides contact details, including a phone number and email. However, the address in Saint Lucia appears to be more nominal and legal, casting doubt on the existence of a real office.
Pros and Cons
- Contact options available for users.
- Lack of transparency regarding the authenticity of the Saint Lucia address.
- Limited information about the company’s physical presence.
- Absence of a regulatory license.
- Concerns about the recent acquisition and development of the domain.
- Limited experience, as the company started its operations in 2023.
Frequently Asked Questions (FAQ)
The company claims to provide a unique and modern trading platform, free investment basics education, and a variety of financial instruments with a relatively low minimum deposit. However, the overall offering raises concerns.
According to the trading conditions, the minimum deposit is $500. It’s important to note that this information is provided based on the broker’s terms, and careful consideration is advised before deciding on the investment amount.
AGlobalTrade operates as a typical offshore broker with less-than-ideal trading conditions. Consequently, doubts about its safety and reliability persist.