Overview of Yourglobaldeal

Yourglobaldeal is an online trading platform that offers various financial services to traders around the world. The firm provides a platform for trading in a wide range of financial instruments such as forex, commodities, indices, and cryptocurrencies. While the company presents itself as a reliable and advantageous trading partner, there are several aspects that require a thorough examination before making an informed decision.

Trading Platform

Yourglobaldeal offers its own proprietary trading platform. While this may appear as a unique selling point, it also raises concerns. Most leading brokers offer popular and tested platforms like MetaTrader 4 or 5, which are known for their reliability, user-friendly interface, and advanced trading features.

Account Types

Yourglobaldeal offers multiple account types, including Basic, Silver, Gold, Platinum, and VIP. Each account type comes with different features and services. However, the company has not provided clear information about the different spreads, commissions, or other costs associated with each account type. This lack of transparency may make it difficult for traders to make an informed decision about which account type is most suitable for their trading needs and budget.

Regulation and Safety of Funds

One of the most important factors to consider when choosing a broker is whether they are regulated by a reputable financial authority. Unfortunately, Yourglobaldeal does not provide any information about its regulatory status on its website. This is a major red flag as it means that if the company were to go bankrupt or engage in fraudulent activities, traders would have no legal recourse to recover their funds.

In terms of fund safety, Yourglobaldeal claims to use secure SSL encryption to protect clients’ personal and financial information. However, without regulatory oversight, it’s hard to verify these claims or ensure that the company follows best practices for data security.

Customer Service

Yourglobaldeal provides customer support via email and live chat. While the availability of live chat support is a positive aspect, the absence of telephone support could be a disadvantage for traders who prefer immediate assistance or those who are not comfortable discussing their issues over chat.

Education and Training

Yourglobaldeal provides some educational resources, including articles and tutorials about trading basics. However, compared to other brokers, the educational content seems limited and may not be sufficient for beginners or those looking to improve their trading skills.

Conclusion

Overall, while Yourglobaldeal offers a range of trading instruments and a proprietary trading platform, the lack of regulatory oversight and transparency regarding its trading conditions and costs are significant concerns. Furthermore, the limited educational resources and customer support options may not meet the needs of all traders. Therefore, traders should exercise caution and conduct thorough research before deciding to trade with Yourglobaldeal.