Abstract:E-Global Trade & Finance Luxembourg S.A. was granted its PSF license to act as a broker to customer trades in financial instruments in 2016. The Luxembourg entity was the logical extension of the Groups business to Europe with products such as Forex4you, Trade4you and Share4you.
E-Global Review Summary in 10 Points | |
Founded | 2016 |
Registered Country/Region | Luxembourg |
Regulation | FSC (suspicious clone) |
Market Instruments | N/A |
Demo Account | N/A |
Leverage | N/A |
EUR/USD Spread | N/A |
Trading Platforms | N/A |
Minimum deposit | N/A |
Customer Support | Phone, email |
E-Global Trade & Finance Luxembourg S.A. was granted its PSF license to act as a broker to customer trades in financial instruments in 2016. The Luxembourg entity was the logical extension of the Groups business to Europe with products such as Forex4you, Trade4you and Share4you.
Global offers a wide range of market instruments, providing potential opportunities for investors. The availability of copy trading and mobile trading may be appealing to those seeking convenience and alternative trading options.
However, there are concerns regarding E-Global's regulatory status, with reports indicating an unregulated and suspicious clone license. Limited information on the website further raise doubts about the credibility and reliability of E-Global as a financial service provider.
Pros | Cons |
• Availability of copy trading and mobile trading | • Suspicious clone FSC license |
• Concerns regarding regulatory status and scam reports | |
• Limited info on the website |
E-Global's license from the British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) raises suspicions of being a clone or unauthorized entity. Additionally, the report of a scam and the lack of sufficient information on their website are red flags. Therefore, it is advisable to exercise caution and consider E-Global as potentially unsafe. It is crucial to conduct thorough research and due diligence before engaging with any unregulated or suspicious financial entity to protect your investments and personal information.
E-Global presents itself as a platform that offers real estate and investments on global markets.
Global states on their website that they offer copy trading and mobile trading services to their clients. Copy trading typically allows investors to automatically replicate the trades and strategies of experienced traders, enabling them to potentially benefit from their expertise. However, since E-Global does not provide further details about their copy trading service, it is important for potential users to seek more information directly from the company.
Mobile trading, on the other hand, suggests that E-Global provides a platform or app that allows clients to access and manage their trading accounts using their mobile devices. This can offer convenience and flexibility for traders who prefer to monitor and execute trades on the go.
E-Global provides customer service through phone: +352 26 374 964 and email: info@eglobal-group.com, allowing clients to reach out for assistance or inquiries. Additionally, the company address: 53 Boulevard Royal, 2449 Luxembourg – Eich, Luxembourg – Luxemburg listed in Luxembourg provides a physical location for clients to visit or send correspondence if needed.
Pros | Cons |
• Phone & email support | • No 24/7 customer support |
• No live chat support | |
• No social media support | |
• Unclear support hours |
Note: These pros and cons are subjective and may vary depending on the individual's experience with E-Global's customer service.
On our website, you can see that a report of scam. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
In conclusion, E-Global raises significant concerns regarding its regulatory status, with reports suggesting it operates with an unregulated and suspicious clone license. The limited information available on its website, particularly regarding market instruments and trading platforms, adds to the lack of transparency and raises doubts about the company's credibility. Additionally, the absence of clear details on copy trading and mobile trading further hampers its reputation. It is advisable for traders to exercise caution and explore alternative regulated options in the market.
Q 1: | Is E-Global regulated? |
A 1: | No. E-Global British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) license is a suspicious clone. |
Q 2: | Is E-Global a good broker for beginners? |
A 2: | No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of lack of transparency. |
Lirunex joins the Financial Commission, offering traders €20,000 protection per claim. A multi-asset broker regulated by CySEC, LFSA, and MED.
Despite its relative youth, the Cyprus-registered online broker Capital.com has garnered respectable attention from a large number of retail and professional investors since its 2016 launch. Capital.com is a frontrunner among low-cost trading products; it allows individual and institutional investors to trade contracts for difference (CFDs) on three thousand markets, including Forex, Stocks, Commodities, Indices, Cryptocurrencies, and more. Impressively, Capital.com is on board with ESG investments as well. You can begin trading CFDs on the Capital.com platform with as little as $20. You can trade CFDs on this platform without paying any commissions; the only fees involved are the spreads. This broker offers a wide range of platforms, including mobile apps, a desktop trading app, an API from Capital.com, Tradingview, and MetaTrader 4. Among Capital.com's many distinguishing features is the wealth of educational content and high-quality research it offers its users. The platform's Marke
Italy’s financial regulator, Consob, has ordered the shutdown of six unauthorized financial service websites to combat illegal financial activities and protect investors. This action is based on regulatory powers granted under the 2019 “Crescita Decree.” Since 2019, Consob has blocked 1,211 fraudulent websites. Investors can use WikiFX to verify compliance and avoid investment scams.
Join XM Competitions from 20-27 Feb for a chance to win $100,000! Compete by skill or luck. No entry fees. Trade on a secure, award-winning platform.