BLGOTD

BLGOTD is a broker registered in the United States that offers a variety of products, including forex, commodities, indices, etc. However, its regulatory licenses are suspicious clone, and it lacks customer support channels beyond online chat.

Pros and Cons

Is BLGOTD Legit?

BLGOTD claims to hold two regulatory licenses, but both licenses appear to be suspicious clones.

In the first license, the regulated entity name was DLS Markets Limited, which did not match BLGOTD. Similarly, the second license mentions DLS MARKETS PTY LTD, which is also inconsistent with BLGOTD. As a result, it is wise for you to choose a broker with legal regualtion.

What Can I Trade on BLGOTD?

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.

Account Type

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..

BLGOTD Fees

Overall, the fees charged by BLGOTD are at a relatively low level in the industry.

BLGOTD Spreads

The spread for standard user starts from 1 pip, while for ECN users starts from 0.

BLGOTD Commission

The commission for standard user is 0, while for ECN users is $6 per transaction.

Trading Platform

BLGOTD only supports their self-developed trading platform, which is accessible on website, tablets, iOS, and Android.

Customer Service

BLGOTD only support 7/24 live chat, and other communication channels such as phone, email, physical address, or social media are not available.

The Bottom Line

Overall, although BLGOTD advertises to offer quite good trading conditions, the unregulated status can not be overlooked. Be careful that this broker may cheat your assets.

FAQs

Is it safe to trade with BLGOTD?

No, it's not safe to trade with BLGOTD as its regulatory license is a suspicious clone.

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.