Item: BLGlobal
Rating: 1.57

Company Name

BL Global Markets

Abbreviation

BLGlobal

Platform registered country and region

New Zealand

Company website

http://www.blgm.co.nz/

Pyramid scheme complaint

Expose

Review 4

4 Comments

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All(4) Latest Neutral(1) Exposure(3)

Exposure

Where I can make a complaint on unavailable withdrawal?

During the 3 weeks before February 28th, the system showed that my account is “banned”. And the broker is banned for search since March 2nd. There is still $3000 left in my account. The former address, 1502, No. 111, Tiyu West Road, Guangzhou, is a facade now. Hope related regulator see to this. It is simply a scam!

FX2587103885

2020-03-04

Exposure

Having seen the article “The annual salary of a forex analyzer is 300 thousand RMB”, I realized that I was scammed.

My experience was similar to the article. Firstly, they invited me for interview with high salary and boasted how promising the company would be, which motivated us a lot. After we joined the company, they enabled us to use virtual account. Having trapped us successfully, they induced us to deposit money, saying that monthly income of 100 thousand RMB is accessible. I didn’t resist the temptation and deposited 7000 RMB, while they said that the threshold is at least 21000 RMB. Given that I was a beginning practitioner. They lowered the threshold and told me to deposit fund into BLGlobal . At first, I was excited at the profit. Then I made constant losses, until my account becoming forced liquidation. Eventually, there was only 559.72 RMB left. As no more money left, I applied for the withdrawal. They agreed my request in case that I found that suspicious. I haven’t realized that I was cheated until I saw this article. And I figure out that the receipt is blank. One can seen from my uploaded annex.

Look at the picture, peers know the knows the lowdown on these top platforms. new comers should pay more attention to it! These recorded platform are so disgusting.

FX3783273521

2019-09-06

Neutral

I have absolutely no interest in this platform and for one thing it provides very little information which shows a lack of sincerity in my opinion. On the other hand, and more importantly, it seems very insecure! Without reliable supervision, I am put off by bad reviews from other users.

FX1078299926

2022-11-30

No more

BLGlobal Review Summary
Registered Country/Region	New Zealand
Regulation	FMA (Revoked)
Market Instruments	Currency pairs, precious metals, and crude oil products
Leverage	N/A
EUR/ USD Spread	N/A
Trading Platforms	MT4
Minimum Deposit	N/A
Customer Support	Phone and email

Pros	Cons
MT4 supported	FMA (Revoked)
	Some reports of withdrawal issues
	Inaccessible website
	Limited products selection
	Unclear trading conditions (spreads, commissions, swaps, accounts, funding methods)

Q 1:	Is BLGlobal regulated by any financial authority？
A 1:	No. It has been verified that this broker currently has no valid regulation.

Q 2:	How can I contact the customer support team at BLGlobal？
A 2:	You can contact via phone: +64 9 367 6888 and email: cs@blgm.co.nz.

Q 3:	What platform does BLGlobal offer？
A 3:	It offers MT4.

Score

BLGlobal

Rating Index

Contact

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WikiFX Verification

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BLGlobal · Company Summary

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Review 4

Q 4:	What services and products BLGlobal provides？
A 4:	It provides currency pairs, precious metals, and crude oil products.