AGlobalTrade

Investigating AGlobalTrade: A Comprehensive Review

AGlobalTrade, a CFD broker, relentlessly asserts its worthiness to traders. Among its touted advantages are a wide range of assets from multiple markets, a cutting-edge trading platform, and complete transaction security. However, even a swift analysis of the company’s information provides reasons to suspect it might be another scam project, preying on clients’ funds. Arguments supporting this perspective are compiled and outlined in the review below.

Overview of AGlobalTrade

For the initial introduction to the broker, ideal sources of information — its official website and client workspace. We also commenced our review by studying this information.

Broker History

AGlobalTrade devoted a whopping 4 pages, accessible through links in “About Us” section of the main menu, to its self-narrative. The broker acquainted users with its goals, mission, described advantages akin to an advertising campaign, and provided contact information. However, project owners chose to keep the history of creation and development, team composition, and plans shrouded in mystery.

Naturally, this provides substantial grounds to suspect that we might be dealing with a product of ordinary scammers. Typically, they have nothing to tell about themselves, and fabricated stories are easily fact-checked. Hence, most scammers, unlike licensed brokers, avoid using this trust-building tool.

Aglobaltrade.com Website

Regarding the broker’s official website, it’s challenging to pinpoint anything specific. The most vibrant design element is a New Year’s greeting banner on the homepage. Without it, the page would turn into something uninteresting and nondescript.

The site’s organization at AGlobalTrade seems less than stellar. While all links in the main menu and footer menu function correctly, finding the necessary information requires some time, and a logic of its placement sometimes eludes comprehension. For instance, having “FAQ” on the contacts page is a non-obvious decision.

Content-wise, things are quite disheartening. At times, page creators allow genuine absurdities. For instance, a table of account types specifies a minimum deposit of $500, while in the FAQ, it’s $5,000.

However, more serious grievances exist. They are primarily related to the predominantly promotional nature of texts and the almost complete absence of trader-relevant information. For instance:

• The description of AGlobalTrade’s trading platform lacks any mention of specific terminal characteristics, despite being highly praised.
• Descriptions of available markets are extremely scant.
• Trading conditions are barely mentioned, even in the account types table.

Overall, only one section of the main menu, “Trading”, assembles the mentioned three pages and contends for trader interest. Educational materials won’t capture every client’s attention, and the complete uselessness of the pages in “About Us” section has already been discussed.

The reasons behind AGlobalTrade’s approach to information on the official website can only be speculated. From our perspective, this is associated with the lack of understanding by staff at the scam broker of actual traders’ needs or their complete disregard. Companies that don’t rely on the influx of random clients from the internet and attract audiences through other methods, such as direct phone number calls, typically act this way.

Registration Process and Personal Account

To access the AGlobalTrade client workspace, you need to open an account. During the registration process, you’re required to fill out a relatively simple form.

In it, you need to input:

• First and last name.
• Email and phone number.
• Full postal address of residence.
• Account currency.

Additionally, you’re required to confirm:

• Agreement with several document texts: Terms of Use, Privacy Policy, Execution of Order, KYC Policy, and General Risk Disclosure.
• Willingness to receive newsletters from the company.
• Non-residency (including tax) in the USA.

After filling out and submitting the form without additional checks (e.g., contact details), a new client should have an account created. The registration process concludes by transitioning to the personal account.

However, something went wrong at the final stage. Instead of opening an account, a user receives an error message with an offer to try again or seek assistance from support specialists.

AGlobalTrade employs a tactic popular among scammers. It finds a pretext to prevent independent registration of users who come from the internet. Of course, after personal contact with support representatives, its account will be opened, but only for those who prove their readiness to work specifically with this broker and send money to its accounts. Other clients, especially those who can quickly understand the company’s proposals and ask uncomfortable questions, are not needed by the fraudulent project.

Unfortunately, we found ourselves among the displeasing users as well. Without an active account, we were unable to see the set of features in the personal account and assess their implementation.

Trading Platform

Due to the impossibility of registering an account, we also did not become acquainted with AGlobalTrade’s trading platform. However, we don’t trust the broker’s claims about a super-modern terminal capable of competing with leading industry software. We are ready to provide very weighty arguments in support of our point of view:

1. The broker did not provide functions for using a demo mode to familiarize users with the features and characteristics of the software. We know the only reason for this – it is drastically inferior when compared to popular web and local applications.
2. The promised AGlobalTrade mobile applications are impossible to find in the official AppStore and GooglePlay stores. It seems they do not meet the requirements for programs.
3. Downloading desktop and mobile versions of terminals is only possible after completing registration. Another way to keep the trader unaware of software shortcomings. After opening an account and funding it, AGlobalTrade clients will no longer be able to refuse the applications that the broker will provide.

Thus, we reasonably assume that the software’s quality significantly differs from what the company claims. It not only lags behind existing industry solutions in the client part but also allows the direct intervention of the AGlobalTrade administration in the flow of quotes and the process of placing and executing client orders.

Contacts

The main contact options with company representatives are published on “Contact Us” page. Here, they suggest contacting customer support:

• In an online chat (available on all pages).
• By phone +18007570137.
• Via email customerservice@aglobaltrade.com.

In the footer of the pages, there is also the official address of the company: The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. It is interesting due to the absence of data on occupied premises’ numbers in The Sotheby Building, so a full-fledged office is out of the question. Most likely, the building owner has only rented a mailbox and a phone number (virtual office), which costs around $50-100 monthly.

By the way, the contacts vividly illustrate an attitude towards clients. The phone number belongs to the Caribbean region, and judging by the languages on the official website, the company intends to operate in Russia, Uzbekistan, Azerbaijan, Turkey, Portugal, and Arab countries. The project’s creators haven’t even considered the cost of such phone calls for users.

Analysis of Services Offered by AGlobalTrade

The broker has already raised significant concerns at first glance. The unclear official website, the inability to register and access the client workspace, and using scammer methods give reason to suspect that the project is created by fraudsters. Perhaps, analyzing the offerings and their conditions will shed light on the situation.

Funding and Withdrawal

On the AGlobalTrade official website, the topic of account funding and withdrawal is only touched upon in “FAQ” section. Payment methods and details for depositing are not disclosed. However, the process of sending money is described in detail. To do this, customers need to contact the company’s finance department specialists, who will provide the transfer details.

For withdrawals, according to the broker, are used:

• Bank transfers.
• Credit/debit cards.
• Electronic wallets.
• Cryptocurrency wallets.

Details are provided only for the latter (minimum amounts are indicated for each available cryptocurrency). Thus, AGlobalTrade doesn’t even disguise its efforts to avoid disclosing details of financial operations to evade the attention of financial control authorities. The maximum details about cryptocurrency transactions only confirm its desire to maintain anonymity. We see a perfectly understandable approach, typical for all scammers.

AGlobalTrade Trading Conditions

As for the trading conditions, there is not a single confirmation for them that would indicate the possibility of conducting profitable trading with a low level of risk. To be more specific, such data is completely absent.

Consider this: the company could have published them on a page dedicated to markets. At the very least, contract specifications would have been appropriate here. Another option would be characteristics of the eight types of accounts available to clients. However, there is no such an information.

When it comes to tariffs, you need to deposit thus:

• Beginner — $500.
• Basic — $5,000.
• Trader — $20,000.
• Premium — $50,000.
• Premium Pro — $100,000.
• Investor — $250,000.
• Expert — $500,000.
• VIP — $1,000,000.

What a client will get (spreads, leverage, transaction limits, etc.) remains a matter of speculation. Fortunately, in one of the texts, they mentioned the maximum leverage for all plans — 1:400 for Forex transactions.

However, developers of AGlobalTrade didn’t forget to include in the account types table options such as free training, dedicated support, personal SMS and push notifications, etc. Naturally, this can attract beginners and traders who don’t want to make their own efforts to make a profit. This audience, counting on quick and easy profits, is the target of scammers.

Unique Features

The set of AGlobalTrade services includes many educational materials and training options. They could be considered a unique feature of the project. However, even a superficial acquaintance with them showed that their practical value is almost zero. There are many more interesting and substantive online offers, and access to them does not require thousands and tens of thousands of dollars in deposits.

At AGlobalTrade, they couldn’t even come up with original gifts for clients for Christmas and New Year. Participants in the draw are offered Apple novelties (like every other scam project). Moreover, there is no talk of transparent conditions — details can only be obtained from a personal manager.

Is AGlobalTrade Trustworthy and Reliable?

In fact, the broker has already proven to be a fraudulent project. To complete its profile, let’s take a look at the official information about it.

Assessing Legitimacy

In the footer of the official website, it is stated that AGlobalTrade is operated by Gold Coast Advisors Ltd, registered in Saint Lucia. The company’s registry number is even provided. However, checking the Saint Lucia registry contradicted this information — the company is not in the database (the same result for both name and registration number searches).

Thus, AGlobalTrade operates without official registration. It also lacks a license to provide brokerage services. Consequently, its activities are illegal, and it can only simulate trades since neither liquidity providers nor quote providers officially collaborate with virtual platforms.

Established Track Record

To complete the picture of AGlobalTrade’s activities, it remains to check the duration of the project’s existence. Since the firm does not provide this information, we will rely on the domain registration date, which is easily obtained using a Whois service.

The obtained data shows that its domain was registered only in 2021. However, it does not necessarily mean that AGlobalTrade started its operation at that time. Web archive snapshots show that it was already listed for sale by the registrar HugeDomains in December 2021 and was not yet purchased in August 2023.

We assume that the full operation of the project’s website began at the time of the last update on November 8, 2023. That is, having been active for just over a month at the moment of writing the review, the platform actively recruits clients. Traders should exercise caution and not succumb to the persuasions of scammers, no matter how attractive the offer may seem.

Implications for Traders

AGlobalTrade is a fraudulent project that pretends to be a CFD broker to collect and misappropriate traders’ funds. In reality, the project operates without legal registration, lacks brokerage licenses, and provides services illegally. We do not recommend risking and opening real trading accounts here, let alone depositing funds. The likelihood of losing invested funds is very high.

Strengths and Weaknesses