bestglobaltrade is a CFD broker with a website domain registered on August 22, 2023. The broker mainly offers investment services in markets such as Forex, Cryptocurrency, Indices, Stocks, Energy, and Commodities. It does not provide services to countries or regions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the information available on bestglobaltrade's (www.bestglobaltrade.online) official website, the broker was established in 2016 and is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose its entity registration details or provide comprehensive regulatory information.
Upon verification, ASIC did not find any regulated company named "bestglobaltrade".
Therefore, bestglobaltrade (www.bestglobaltrade.online) is essentially a fraudulent broker website with no corporate entity or regulatory oversight.
Account Opening Process
The process to open a trading account with bestglobaltrade involves visiting their official website, clicking "Open Account" on the homepage or "SIGN UP" at the top right corner of the page, filling in personal information such as name and email, setting a login password, and submitting the form. Successful registration follows after account validation.
Trading Instruments
bestglobaltrade offers clients a variety of trading products, including Forex, Indices, Commodities, Stocks, and Cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities and leverage potential returns.
- Commodities: Commodity trading covers key global market resources, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to engage in the price movements of public company shares, earning profits based on company performance and dividends, without holding actual stock.
- Cryptocurrencies: Cryptocurrency trading provides digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
bestglobaltrade offers four types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- All benefits included
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional Forex signals
- Up to 10 signals daily
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payment only
- Use with any broker
Trading Platform
bestglobaltrade offers a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over thirty liquidity providers and more than 12,000 orders executed per second.
Deposits and Withdrawals
bestglobaltrade only supports deposits and withdrawals through cryptocurrency.
Summary:
Traderknows reminds investors that bestglobaltrade is a fraudulent broker that lures investors with promises of high returns. This site actually has no corporate entity or regulatory oversight. Investors are advised to choose brokers that are transparent, well-regulated, and reputable to avoid financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
