Score
Within 1 yearSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Score
Regulatory Index0.00
Business Index3.97
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
BLGOTD FX GLOBAL LIMITED
Company Abbreviation
BLGOTD
Platform registered country and region
United States
Company website
Company summary
Pyramid scheme complaint
Expose
BLGOTD is a broker registered in the United States that offers a diverse range of products, including forex, commodities, indices, etc. The regulatory licenses status of this broker is labeled as general registration, and it lacks customer support channels beyond online chat.
| Pros | Cons |
| Zero Commission | High Minimum Deposit |
| Low Spread | Limited Trading Platform |
| Demo Account | Limited Customer Support |
| High Leverage | Lack of Educational Resources |
BLGOTD holds a regulatory license granted by the National Futures Association, classified under general registration status.
| Regulatory Status | General Registration |
| Regulated by | United States |
| Licensed Institution | BLGOTD FX GLOBAL LIMITED |
| Licensed Type | Common Business Registration |
| Licensed Number | 16406560 |
BLGOTD offers a variety of products, including forex, commodities and indices.
Forex Pairs: You can trade EUR/USD, GBP/USD, USD/JPY, etc. on BLGOTD.
Commodities: On BLGOTD, you can trade hard and soft commodities. The former includes natural resources like oil and gold, and the latter includes agricultural products like coffee, wheat, and corn.
| Tradable Instruments | Supported |
| Forex Pairs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Shares | ❌ |
| CFD | ✔ |
BLGOTD provides two types of live accounts.
The Standard account features zero commission and a minimum spread of 1 pip.
For traders seeking tighter spread, ECN account is an good option, offering spread as low as 0 pips. However, it requires a commission of $6 per round of transaction.
Both account types are equipped with leverage up to 1:500 and $200 minimum deposit requirement.
Additionally, BLGOTD provides free demo accounts for beginners to practice without worrying about losing funds..
Overall, the fees charged by BLGOTD are at a relatively low level in the industry.
The spread for standard user starts from 1 pip, while for ECN users starts from 0 pips.
The commission for standard user is 0, while for ECN users is $6 per transaction.
BLGOTD only supports their self-developed trading platform, which is accessible on website, tablets, iOS, and Android.
| Trading Platform | Supported | Available Devices |
| BLGOTD platform | ✔ | website, tablets, iOS and Android |
| MT4 | ❌ | |
| MT5 | ❌ |
BLGOTD only support 7/24 live chat, and other communication channels such as phone, email, physical address, or social media are not available.
Is BLGOTD regulated?
Yes. It is regulated by the NFA.
What is the minimum deposit requirement at BLGOTD?
The minimum deposit is $200.
What is the maximum leverage at BLGOTD?
The maximum leverage is 1:500.
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2024-09-23 14:43
