Abstract:Bull Global Trading is allegedly a financial services company registered in Vietnam that claims to provide its clients with leverage up to 1:500 on the MT4 trading platform via four different live account types.
Note: Bull Global Trading is to operate via the website - https://www.bgcfd.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
United States NFA (license number: 0529752) The regulatory status is abnormal, and the official regulatory status is unauthorized. Please be aware of the risk!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Bull Global Trading is allegedly a financial services company registered in Vietnam that claims to provide its clients with leverage up to 1:500 on the MT4 trading platform via four different live account types.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, spreads, etc.
As for regulation, it has been verified that Bull Global Trading does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.85/10. Please be aware of the risk.
Account Types
Bull Global Trading claims to offer four types of trading accounts, namely Mini, Standard, Platinum and Buffett Grade. The minimum initial deposit is only $15 for the Mini account, while the other three account types have much higher minimum initial capital requirements of $200, $5,000 and $20,000 respectively.
Leverage
The leverage provided by Bull Global Trading is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
The platform available for trading at Bull Global Trading is one of the most notable and preferred trading platforms the market offers - MetaTrader4. Like more than 80% of all forex brokers worldwide, the company also provides the MetaTrader4 (MT4) platform. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
The minimum initial deposit requirement with Bull Global Trading is said to be only $15. However, without access to its official site, we cannot say what kind of payment methods are available with the broker.
Customer Support
Bull Global Trading‘s customer support can be reached by telephone: +0 12280959, +842844581699 or email: cs@bgcfd.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
Pros & Cons