BLGOTD Forex Broker

BLGOTD is a broker registered in the United States that offers a diverse range of products, including forex, commodities, indices, etc. The regulatory licenses status of this broker is labeled as general registration, and it lacks customer support channels beyond online chat. Pros and ConsPros Cons Zero CommissionHigh Minimum DepositLow SpreadLimited Trading PlatformDemo AccountLimited Customer SupportHigh LeverageLack of Educational ResourcesIs BLGOTD Legit? BLGOTD holds a regulatory license granted by the National Futures Association, classified under general registration status. Regulatory Status General RegistrationRegulated by United StatesLicensed Institution BLGOTD FX GLOBAL LIMITEDLicensed TypeCommon Business RegistrationLicensed Number16406560What Can I Trade on BLGOTD? BLGOTD offers a variety of products, including forex, commodities and indices. Forex Pairs: You can trade EUR/USD, GBP/USD, USD/JPY, etc. on BLGOTD. Commodities: On BLGOTD, you can trade hard and soft commodities. The former includes natural resources like oil and gold, and the latter includes agricultural products like coffee, wheat, and corn.Tradable Instruments Supported Forex Pairs✔Commodities✔Indices✔Cryptocurrencies❌Shares❌CFD✔Account Type BLGOTD provides two types of live accounts. The Standard account features zero commission and a minimum spread of 1 pip. For traders seeking tighter spread, ECN account is an good option, offering spread as low as 0 pips. However, it requires a commission of $6 per round of transaction. Both account types are equipped with leverage up to 1:500 and $200 minimum deposit requirement. Additionally, BLGOTD provides free demo accounts for beginners to practice without worrying about losing funds..BLGOTD Fees Overall, the fees charged by BLGOTD are at a relatively low level in the industry.BLGOTD Spreads The spread for standard user starts from 1 pip, while for ECN users starts from 0 pips.BLGOTD Commission The commission for standard user is 0, while for ECN users is $6 per transaction.Trading Platform BLGOTD only supports their self-developed trading platform, which is accessible on website, tablets, iOS, and Android.Trading PlatformSupported Available Devices BLGOTD platform✔website, tablets, iOS and AndroidMT4❌MT5❌Customer Service BLGOTD only support 7/24 live chat, and other communication channels such as phone, email, physical address, or social media are not available.FAQs Is BLGOTD regulated? Yes. It is regulated by the NFA. What is the minimum deposit requirement at BLGOTD? The minimum deposit is $200. What is the maximum leverage at BLGOTD? The maximum leverage is 1:500.