General Information & Regulation
BL Global Markets is a New Zealand financial services provider established in 2014, focused on providing online forex trading services, with its headquarters in Auckland, New Zealand. BL Global Markets previously held a New Zealand FMA straight-through license, but that license has now been revoked on October 17, 2019. BL Global Markets is currently in a state without any effective regulation.
Market Instruments
BL Global Markets provides investors with financial products mainly in popular currency pairs in the Forex market, precious metals, and crude oil products. Compared to most brokers, the asset classes traded on the BL Global Markets platform are fewer.
Minimum Deposit
BL Global Markets offers a live account and a demo account for traders to practice testing, with an unknown minimum deposit requirement.
BL Global Leverage
The trading leverage information is not fully disclosed. This is weird, as most other brokers would tell leverage level clearly.
Spreads & Commissions
BL Global Markets claims that customers can enjoy tight and competitive trading spreads through the BLGM platform but does not provide spreads for specific financial products, so this is likely to be false advertising.
Trading Platform
Surprisingly, BL Global Markets provides investors with the popular MT4 trading platform in the market today. MT4 is the best platform for foreign exchange and gold trading, chosen by 80% of traders worldwide, with powerful charting tools, a large number of custom technical indicators, support for automatic trading through EA, and support for traders to create their own trading strategies BL Global Markets MT4 is compatible with desktop, Apple mobile, and Android mobile versions, allowing traders to trade anywhere and anytime.
