bizzglobalfx.com is an online contract for difference (CFD) trading website established in October 2024 and operated by BizzTrade LTD. The platform offers CFD trading services for various assets such as stocks, forex, commodities, and indices to investors, but it does not provide services to regions where local laws and regulations are violated.
Platform Service Overview
Trading Accounts
The platform offers users Multi-asset accounts, Stocks CFDs accounts, and MT5 Accounts. Furthermore, bizzglobalfx.com provides different trading leverage for retail and professional traders.
Trading Platform
BizzTrade LTD supports the use of the MT5 trading platform, compatible with both desktop and mobile devices. The MT5 platform features advanced charting tools, over 30 built-in technical indicators, and provides intraday analysis tools.
However, the official website after clicking through MT5's listing for BizzTrade LTD redirects to bizztradecfd.com, not bizzglobalfx.com.
Trading Products Information
- Stocks: Stocks are financial instruments representing partial ownership in a company, entitling the holder to a share of the company's profits and asset growth.
- Forex: Forex refers to the exchange transactions between different countries' currencies. The forex market is the largest financial market globally, where traders buy and sell currency pairs to profit from exchange rate fluctuations.
- Commodities: Commodities are tangible assets that can be traded in the market, such as metals, energy, and agricultural products.
- Indices: Indices are statistical measures reflecting the overall performance of a specific group of stocks or assets, often used to gauge the broader market or industry's overall trend.
Deposit and Withdrawal Methods
bizzglobalfx.com supports bank wire transfers for deposits and withdrawals. Deposits are free, while withdrawals have a fee waiver for the first withdrawal under $500 each month; otherwise, each wire transfer incurs a $40 fee ($30 for euro accounts).
Contact and Social Media
The platform does not provide official communication channels on major social media networks such as Facebook, Instagram, and Twitter. Users can only contact the platform via the phone number or email provided on the official website.
Company Background and Regulatory Information
Company Background
According to information provided by bizzglobalfx.com, BizzTrade LTD is headquartered in Manhattan, New York, with the specific address at 1585 Broadway, Midtown Manhattan, West of Broadway, New York City, USA.
The company is also licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) of South Africa, with license numbers 123/10 and 46990, respectively.
Regulatory Information
Inquiries have shown that the Cyprus Securities and Exchange Commission (CySEC) website lists the company with license number 123/10 as Colmex Pro Ltd, with the registered website at www.colmexpro.com. Similarly, the South African Financial Sector Conduct Authority (FSCA) website shows the company with license number 46990 as COLMEX PRO LIMITED, not BizzTrade LTD.
Furthermore, the brand name and company logo used by bizzglobalfx.com appear to be plagiarized from the broker BizzTrade (bizztradecfd.com).
Conclusion
bizzglobalfx.com is a newly established CFD trading website in 2024, but its website content is plagiarized from the broker Colmex Pro, and its brand logo and name are copied from the broker BizzTrade.
Risk Warning: CFD trading is a high-risk investment option where market volatility may lead to the loss of the investor's principal. Leverage trading amplifies both risks and potential returns. Investors are advised to thoroughly understand market volatility and CFD trading mechanisms, assess their risk tolerance, and only engage in trading when they have sufficient experience to avoid blind investments.
