BeGlobalFund Review
Beware Investors BeGlobalFund – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Who is BeGlobalFund:
BeGlobalFund is a website that claims to be a global investment platform that allows investors to trade in various markets, such as forex, stocks, commodities, indices, and cryptocurrencies. According to its website, BeGlobalFund has over 10 years of experience in the financial industry and offers advanced trading tools, educational resources, and professional support. However, the ASC has warned that BeGlobalFund is not registered to trade in or advise on securities or derivatives in Alberta or anywhere else in Canada.
Regulation Of Securities And Derivatives In Canada:
Securities and derivatives are financial instruments that represent ownership or contractual rights to future cash flows. Securities include stocks, bonds, mutual funds, and exchange-traded funds. Derivatives include options, futures, swaps, and contracts for difference. In Canada, securities and derivatives are regulated by provincial and territorial securities regulators, such as the ASC in Alberta. These regulators are responsible for ensuring that issuers, dealers, and advisers comply with the registration, disclosure, and reporting requirements under the securities laws. They also protect investors from fraud, manipulation, and unfair practices.
Location Of BeGlobalFund:
BeGlobalFund does not disclose its physical address or contact information on its website. It only provides an email address and a phone number with a UK country code. However, the UK Financial Conduct Authority (FCA) has also issued a warning about BeGlobalFund, stating that it is not authorized to provide financial services in the UK. Therefore, it is unclear where BeGlobalFund is actually based or regulated.
Services Offered By BeGlobalFund:
BeGlobalFund claims to offer a variety of services to its customers, such as:
– Access to over 250 trading instruments across multiple markets
– A user-friendly web-based trading platform with advanced features and indicators
– A mobile app for iOS and Android devices
– A demo account with $10,000 virtual funds
– A range of account types with different minimum deposits and benefits
– A referral program that rewards customers for inviting others to join
– A loyalty program that offers discounts and bonuses
– Educational materials and webinars on trading strategies and market analysis
– Professional support via email, phone, and live chat
Reviews Of BeGlobalFund:
BeGlobalFund does not have many reviews online from its customers. The few reviews that we found were mostly negative, complaining about poor customer service, difficulty in withdrawing funds, high fees and commissions, and false promises of profits. Some customers also reported that they were pressured to deposit more money or to accept bonuses that came with restrictive terms and conditions. Some customers even suspected that BeGlobalFund was a scam.
Customer Service Of BeGlobalFund:
BeGlobalFund claims to have a dedicated customer service team that is available 24/7 via email, phone, and live chat. However, based on the reviews that we found online, the customer service of BeGlobalFund is not very responsive or helpful. Customers reported that they had trouble reaching the customer service representatives or getting satisfactory answers to their queries. Some customers also claimed that they were ignored or blocked by the customer service agents when they tried to withdraw their funds or close their accounts.
Securing Your Investments Against Unscrupulous Brokers:
If you are interested in investing in securities or derivatives online, you should be careful about choosing a reputable and regulated broker. Here are some tips to help you secure your investments against unscrupulous brokers:
– Check the registration status of the broker with your local securities regulator or with the Canadian Securities Administrators (CSA)
– Verify the physical address and contact information of the broker
– Read the terms and conditions of the broker carefully before opening an account or accepting any bonuses
– Avoid brokers that promise unrealistic returns or guarantee profits
– Beware of brokers that pressure you to deposit more money or use high leverage
– Keep track of your transactions and statements regularly
– Report any suspicious or fraudulent activities to your local securities regulator or to the CSA
Conclusion:
BeGlobalFund is a platform that claims to offer investment opportunities in various markets, but it is not registered or regulated in Canada or in the UK. The ASC and the FCA have issued warnings about its activities and advised investors to avoid dealing with it. The reviews of its customers are mostly negative and indicate poor customer service, difficulty in withdrawing funds, high fees and commissions, and false promises of profits. Therefore, we do not recommend BeGlobalFund as a reliable or trustworthy broker. If you are looking for a legitimate and regulated broker, you should do your research and follow the tips that we have provided above.
