Another broker hides behind registration in the offshore jurisdiction of Mwali. Why does this country attract so many forex companies, and why do most of these firms end up being scams? Welcome to the AGlobalTrade review, where we’ll take a closer look at one such brokerage organization.
Key Features
- Company Name: VIRTUOSO CAPITAL LTD
- Website: https://aglobaltrade.com/
- Available Contacts: +18007570137, [email protected]
- Foundation: 2023
- Services: CFD Trading
- License: MISA
- Initial Deposit: $500
From Sign-Up to Payout
A company’s official website is its business card, especially for brokers. It’s through the website that users can quickly learn how the firm is regulated, how long it’s been in business, where it’s registered, what business model it operates under, and what conditions it offers. However, AGlobalTrade only discloses partial information, which immediately raises doubts — this is the first major red flag.
The site supports several languages, including English, Azerbaijani, Turkish, Arabic, Uzbek, Russian, and Portuguese. Some features for traders are listed: automated trading, available assets, and additional tools. At the bottom of the page, you’ll find the standard risk warnings and social media logos.
For registration, you need to provide a large amount of personal information. And for what? Not just your name and contact details, but also a detailed home address.
Don’t bother trying to register. It’s a waste of time, as the company doesn’t allow you to create a personal cabinet anyway. You’ll need to contact support to do so.
The reason for this closed registration process remains unclear. Why would a broker push away clients? Few people would want to immediately reach out to support just to open an account. There could be a hidden motive here — the call center staff might start pushing users to deposit money.
AGlobalTrade offers several methods for transferring funds:
- Crypto (BTC, USDT, USDC, or ETH).
- Bank transfers.
- Credit card.
Additionally, traders must go through identity verification to fully access the trading platform. However, before providing any personal information, make sure the company is trustworthy. After all, no one wants their data to fall into the hands of scammers.
Our Trading Experience With AGlobalTrade
It’s impossible to evaluate the trading platform since the company doesn’t allow free registration. Even the user account interface is inaccessible for viewing. How can we talk about customer orientation in such a situation?
Despite the broker’s claims that their terminal is a professional and advanced piece of software, it’s hard to believe. For instance, they state that the platform is available for smartphones and PCs, but only registered users can download it. Why not simply provide links to the App Store and Google Play? There, users could see the platform’s name, rating, and features. However, it’s likely that the functionality is limited to basic options, and even demo accounts are not available.
The Reality Check
A key part of our AGlobalTrade review is checking the legitimacy of the broker, and there’s much to discuss. The platform is operated by Virtuoso Capital Ltd, which is registered in Mwali, Comoros Islands, with registration number T2023423. To verify this, we consulted the MISA registry, which regulates forex companies in this jurisdiction.
As shown in the screenshot above, Virtuoso Capital Ltd is indeed registered in Mwali, and the website is listed as aglobaltrade.com. There are no falsifications in the legal data.
So, if the firm is officially registered and even has a license from MISA, does that mean it can be trusted? Don’t jump to conclusions. Do you know what MISA is? Can this regulator be trusted? What are its requirements for brokers? Does it monitor their activities strictly and responsibly? There are no convincing answers to these questions yet.
MISA is not recognized by the financial community as an authoritative and responsible regulator. It is an offshore jurisdiction where licenses are issued to almost anyone. Many fraudulent companies obtain approval from MISA because they don’t meet the standards of serious regulators like the FCA, FINMA, SEC, ASIC, and others.
By choosing a firm regulated by MISA, you are taking a significant risk. AGlobalTrade may resort to questionable schemes, cause you to lose money, and ultimately deny your withdrawals. In such a situation, the regulator will provide no assistance. So, is it really worth the risk?
How Long Has AGlobalTrade Been in the Game?
Virtuoso Capital Ltd was registered in December 2023. At the same time, the domain aglobaltrade.com was also purchased in 2023. Snapshots from WebArchive show that the domain was up for sale. So, despite the firm’s silence about its founding date, it’s easy to determine. The broker hasn’t even been operating for a year, yet it already claims to be the best.
Extra Fraud Indicators
The signs listed above are not the only indicators of AGlobalTrade’s fraudulent nature. Why has the company deleted its social media accounts? For example, they are no longer on X or Instagram. How does management explain this?
Additionally, the firm’s secrecy raises concerns. The broker doesn’t provide enough information about itself: there’s no data on its order execution model or the founding date. Traders have to figure out many important aspects on their own. The trading conditions are also only partially disclosed — key details such as commissions and spreads are not mentioned at all.
As for the business model, it’s clear: the company doesn’t mention any liquidity providers, which is a 100% indication of a B-Book model. In this case, there’s no point in trading here. The platform won’t allow you to become a successful trader because your profit becomes their loss. Once you start making money, the dealing desk will interfere: you might experience freezes, chart manipulation, increased commissions and spreads, and more.
We also noticed reviews about AGlobalTrade. Almost 100% of them are positive. How is that possible? The broker is unreliable. Registration is impossible, and the trading conditions remain unclear. Are that many people really trading on this platform? Of course not. All these reviews are fake, written on request. So, don’t believe everything you read in them.
Is AGlobalTrade the Right Fit?
In conclusion, this broker cannot guarantee the safety of client funds. The company publishes fake reviews to attract as many clients as possible. Moreover, the inability to register an account directly points to some kind of fraudulent scheme. If you don’t want to become a victim, it’s best not to risk it and avoid working with AGlobalTrade.
Stay alert and don’t let yourself be deceived! AGlobalTrade is already known as a fraudulent pseudo-broker. Scammers advertise themselves exclusively through fake reviews. They want more money, so they flood the internet with fake claims about how good, profitable, and safe they are. Don’t believe them, or they’ll take your money. I’ve spoken to several traders who were scammed by these fraudsters. In total, they lost over $40,000. I believe the sum is even higher when you consider the deposits of all the victims who fell into this trap.
I strongly advise against working with offshore companies like that. You risk losing your money. In the case of a scam, the regulator won’t help you because MISA is garbage, not a financial commission.
Please, don’t trust brokers like this. Some may operate honestly, but most still manipulate quotes and intentionally cause traders to lose money. I dealt with one similar to this, and it was a horrible experience. Nothing but a negative outcome.