Extra Global Trading Review: Extragt.com an Offshore Broker

Extra Global Trading is a company that claims it has a dynamic platform. Investors who join them will have easy accessibility to various trading assets. The entity brags with its educational program to make you an expert investor. 

The platform is also dealing with crypto trading services. Since the crypto evolution, we have seen numerous cameras taking advantage of naive investors. We continue to stress that digital currencies are not a get-rich-quick scheme. Gone are the days that you would make mind-blowing returns by just mining or trading.

Extra Global Trading refers to itself as a trustworthy broker while the firm is conducting its business discreetly. The experts that the company mentions are nowhere to be seen as The entity does not credit them. Signing up in this broker, you are making a blind move as there’s no guarantee qualified individuals will be handling your funds.

Nonetheless, the platform boasts but has multiple assets. This is an advantage since you can diversify your risk by trading with different products. However, it is only a waste of time and resources when dealing with offshore schemes.

Invest wisely by dealing with the top crypto trading companies in the world. These are platforms that have survived the volatility. You can also view their performance and determine if they are good enough for you. They operate transparently and have nothing to hide.

Extract.com Review

Extra Global Trading states it gets trading signals from experts in its team. Therefore, investors are assured of potential creative opportunities. The platform also claims to have the best training tools. Information is available via articles and trending news that their analyst team gathers online. 

Traders are assured they will receive all the relevant information to assist them in their activities. The broker also states it does not collect commission or issue hidden charges. Sadly, we are yet to see positive reviews from their customers.

Extra Global Trading has not put up measures to protect investors’ deposits. The entity is not working with a reputable financial institution to segregate traders’ accounts. Therefore, the amount you cash in can be used for other greedy purposes. 

You will not have peace of mind while dealing with offshore schemes. The business can be closed unceremoniously without notice. It is essential that before you trust any company, you perform thorough research. This could save you from dealing with lethal fraudsters.

Trading Conditions and Account

Extra Global Trading is trading in forex, shares, cryptocurrency,  commodities, metals, and indices. Extra Global Trading has three trading accounts. The minimum amount that you can deposit is £500. All the accounts have static spreads. They come with a personal manager. The standard and premium account has a welcome bonus.

Such lucrative opportunities are banned in various countries. This is because offshore platforms use bonuses to exploit investors or limit them from withdrawing their money. Make sure that you read the terms and conditions keenly to know the trading volume to meet to withdraw.

The leverage ranges from 1:200 to 1:400. The limit is risky and beyond what the financial bodies allow. The UK legit platform can only offer a cap of 1:30, while in Canada and USA, the limitation is at 1:50.

Extra Global Trading is pushing clients to risky limits. Once you lose money, the broker will profit. The advertised trading software is the Active8 web trader. However, it appears that the company does not have an operating platform. We can confidently affirm that there are no trading activities in the broker. Trade with some of the best forex trading companies with the MetaTrader interface.

Extra Global Trading Withdrawal and Deposit

The available payment methods include; Skrill, Visa, Neteller, AstroPay, Yandex Money, and WebMoney. The firm brags it makes annual profits of $950. We would love to see the scheme’s trading results. However, considering the scam is bluffing, we don’t see this happening.

There is a withdrawal fee that ranges from 25 Euros to 50 euros. Depend on the payment method that you will use. We also noticed that some of the listed payment methods are not available. Extra Global Trading takes money via Bitcoin, credit cards, and wire transfers. The only safe method is the credit option since you can issue a chargeback within 540 days.

Unfortunately, suppose you use the other two methods. In that case, you cannot trace your money or know the people who receive the funds for unverified accounts and have not attended a turnover of 200 the company and a 10% Levy on their withdrawal. However, the company has not elaborated on what 200 means. We do not know if this refers to the lots or currency units.

Extra Global Trading is only looking for ways to retain the money deposited in their bogus scheme. If you accept the welcome bonus, you have met a trading volume 25 times the amount deposited and issued an edition of the bonus. Moreover, the account dormancy policy occurs if you have not traded for 6 months, and the scheme deducts 10% from your account. Percentage form payments are never attractive.

Customer Support and Contact Details

Extra Global Trading it’s a company that does not even try to act right. They do not care to feature a physical address to gain trust from the public. Additionally, the broker cannot afford to hire professional support. If you encounter any challenge, there’s no possible way of resolving the matter.

A platform can only be contacted via email. The majority of entities that operate like this tend to ignore the messages of their victims. It is easiest to avoid receiving unnecessary calls from those the firm has stolen from.

Dealing with a legit company gives you the advantage of receiving world-class customer support services. You also have an assurance that your problem will be handled in time. You can even visit their offices if the company operates from your country. The best platforms provide numerous channels that traders can use to reach them. Some even have social media platforms and live chat to interact with their customers.

Regulation Status of Extra Global Trading

The broker offers its services in over 132 countries. They are targeting clients from countries with strict jurisdictions for investment schemes. Nonetheless, the platform has not bothered to acquire an appropriate license. 

Extra Global Trading is ignorant about the law and has not bothered to reveal its legitimacy status. After checking on popular regulatory bodies, we could not find the name of this scheme. Fund safety is a luxury that you should not expect from offshore companies.

Furthermore, the platform could change its terms and conditions without consulting investors. They may even apply hidden charges upon your withdrawal request. If this happens, you cannot report them to the authority as they do not fall under any of them.

Going after Extra Global Trading is a big nightmare as their whereabouts remain unknown. Trading conditions of the company revealed that this is an illegal venture. If you want to make a decent earning, it is essential that you deal with top regulated platforms in the markets.

Agencies like the FCA,  CySEC, CFTC, and ASIC. You will be protected against a negative account balance, and your money will be kept in segregated accounts. Other advantages include that you stand a chance of receiving compensation in case of insolvency.

Final Verdict

Extra Global Trading leverage is not ideal for both expert and novice traders. We do not recommend dealing with this platform. There are way better forex and crypto trading schemes to try out. The country of origin of the scheme remains unknown. They have numerous red flags that reveal this is a complete waste of time.

Here is a list of some of the best crypto trading companies in the market. They have been in the industry for years. Several investors have tried them out. Check them out today!

 

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