Despite the hideously looking website, is it possible that this broker is the real deal? Can they provide you with competitive trading conditions and a reliable platform for Forex and CFD trading?
After analyzing the company’s background and the suspicious reviews on the forums, we believe the platform operates illicitly, just like Layray. Therefore, please read our impactful YourGlobalDeal Review to learn the ugly truth.
| Regulated by: | Unregulated Scam Broker |
| Is This Company Safe? | No, the platform is illicit |
| Known Websites: | yourglobaldeal.com |
| Have Warnings from: | Bank of Lithuania |
| Registered in: | N/A |
| Operating since: | 2023-09-12 |
| Trading Platforms: | MT5 (allegedly) |
| Maximum Leverage: | 1:400 |
| Minimum Deposit: | 250 USD |
| Deposit Bonus: | Available but Undisclosed |
| Trading Assets: | Forex, CFDs |
| Free Demo Account: | Unavailable |
| How to Withdraw from This Company? | Since this company is unlikely to return your money – contact your bank or financial regulator, or simply reach out to us for professional assistance in recovering your funds. |
Legal Info: Is YourGlobalDeal Regulated?
The YourGlobalDeal broker operates using a completely stripped-down and unpolished website with broken links. Hence, it was hard to gather key details about the company’s legal background. The legal documents ultimately remained inaccessible.
After doing some digging, we found out that the platform was blacklisted as illicit by the Bank of Lithuania on February 6, 2024. Since Lithuania is an EU member, the country’s financial authority implements the regulations of the European Securities and Markets Authority (ESMA).
One of ESMA’s laws stipulates that each trading firm must obtain a MiFID passport to do business across the old continent. YourGlobalDeal does not have such authorization, meaning the broker operates illegally.
Instead of trusting anonymous imposters, we recommend you find a licensed firm approved by respectable financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc.
Regulated brokers must adhere to respectable regulations and provide safety measures such as negative balance protection, segregation of client funds in top-tier banks, and compensation plans to mitigate potential losses.
Who Are YourGlobalDeal’s Targets?
According to godaddy.com/whois, the yourglobaldeal.com website domain was created on September 12, 2023. Since then, the cyber thieves behind the platform have been targeting mainly unsuspecting traders and investors residing in the following countries:
- United Kingdom;
- Switzerland;
- Estonia;
- Latvia;
- Lithuania.
These countries feature Tier 1 regulations and stringent laws. Each of their financial watchdogs meticulously oversees the market to ensure there is no fraudulent activity.
Per the warning from the Lithuanian bank, the YourGlobalDeal regulation is fake; the company has no valid Forex trading license and absolutely no right to provide services in any of the listed jurisdictions.
Trader Reviews – Sharing Experiences
There are 34 YourGlobalDeal reviews on sitejabber.com. The split is 50/50 between five-star and four-star reviews, which is quite positive and therefore, suspicious. We highly doubt the honesty of these reviews, considering how fraudulent the company is.
Aside from the above-mentioned forum, there is no other feedback. Nevertheless, we urge you to read what honest users say about a certain platform before opening an account and funding it. Put the safety of your assets first.
Which Trading Platforms Are Available?
The website claims that the company offers the famous MetaTrader 5 platform. However, contrary to the promises, there is no download link or demo account to enable us to confirm whether it is a legit version of MT5.
Even if the platform is available, we still don’t recommend it because of the firm’s unregulated status. It could be rigged or contain malware.
When choosing a provider, we urge you to choose a licensed firm that supports reliable third-party software such as MetaTrader 4, MetaTrader 5, or cTrader and avoid dubious entities such as Trade Union Pro that disregard regulations.
MT platforms support advanced features such as automated & algorithmic trading, sophisticated charting, real-time market reports, API integration, 20+ timeframes, Expert Advisors (EAs), and instant order execution. Just make sure your provider is licensed to offer such services.
YourGlobalDeal account types
| Account Type | Basic | Silver | Gold | Platinum |
| Minimum Deposit | N/A | N/A | N/A | N/A |
| Maximum Leverage | N/A | N/A | N/A | N/A |
| Welcome Bonus | 50% | 75% | 100% | 150% |
Leverage, Spreads, Commissions, Demo Account
YourGlobalDeal’s maximum leverage scales up to 1:400, which is significantly higher than the caps in force in Europe (1:30) and North America (1:50). High leverage is risky; it can bear huge profits but also lead to devastating losses. Spreads allegedly start from zero with no commissions. Sounds too good to be true, probably because it’s most likely another lie.
We weren’t able to verify these conditions because there was no demo account. Risk-free trading enables beginners to practice with virtual funds instead of jumping in a stressful environment straight away. Every legitimate broker nowadays offers a demo account.
Deposit and Withdrawal Process
The minimum deposit is unknown. Taking into account everything that has so far been said, YourGlobalDela withdrawal issues are inevitable. In such a scenario, you must consider potential fund recovery methods.
For funds deposited through MasterCard or VISA credit/debit cards, users have the possibility of requesting a chargeback at the issuing bank within 540 days. If successful, you’ll get your money back quickly. Wires, on the other hand, require a recall, but its success depends on whether the transaction is complete.
Reversing cryptocurrency payments is more complex and requires the utilization of cutting-edge programs such as CipherTrace. Fortunately, our team can help you out with tracking the stolen crypto.
Key Facts To Consider About YourGlobalDeal
YourGlobalDeal is an unlicensed broker with a fraudulent platform, backed by dubious reviews. The main targets of the scheme are British, Swiss, Lithuanian, Latvian, and Estonian traders, with the Lithuanian central bank flagging the platform as illegal.
We advise you to avoid this firm and explore better options. In case you have lost money to the YourGlobalDeal scam, you must seek our professional help to recover your funds! A chargeback is your best option.
Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.
Book your free consultation here and start the chargeback process.
FAQ Section
What is YourGlobalDeal?
A virtually anonymous website offering an illegal Forex and CFD trading platform to unwary traders.
Is YourGlobalDeal a Legit Broker?
No, this company is operating without the necessary license. The platform is blacklisted in Lithuania.
Can I Get My Money Back from a Trading Fraud?
It’s possible with professional aid. Contact a chargeback company to help you recover your funds.
