E-Global

E-Global Trade & Finance Ltd operates under the brand E-Global and is a relatively new entrant in the online brokerage space, having been founded on 24 February 2021. The company lists its registered address as Level 16, Tower One, 721 Smith Street, Melbourne VIC 3010, Australia.

According to official records, the company reports having zero employees, which may indicate a minimal operational footprint or that it is a shell entity. Details about the ownership or management team are not publicly available, and the broker does not disclose its corporate structure or any parent companies. This lack of transparency is a notable point for prospective clients.

Our review finds that E-Global holds no regulatory licence in any jurisdiction. The broker is not authorised by the Australian Securities and Investments Commission (ASIC), despite its Australian address.

No other regulatory bodies are claimed or verified, leaving clients without any statutory protection. In Australia, financial service providers are required to hold an Australian Financial Services (AFS) licence to offer trading services, and the absence of such a licence means E-Global cannot legally operate as a broker in the country. This is a critical deficiency that exposes traders to significant risk.

E-Global does not publicly disclose its account types, trading platforms, or the instruments available for trading. There is no information on minimum deposits, leverage, spreads, or commissions on its official channels or from its own marketing.

Without such disclosure, traders have no way to assess the broker's competitiveness or suitability for their needs. This opacity is unusual among legitimate brokers and raises concerns about the broker’s intentions.

The broker provides no details on supported payment methods, processing times, or any fees associated with funding or withdrawing from a trading account.

In the absence of clear policies, traders are left vulnerable to unclear terms. User reviews indicate that deposits are accepted, but withdrawals have been problematic, with reports of accounts being deleted after depositing substantial sums.

Public sentiment toward E-Global is poor. On Trustpilot, the broker holds a rating of 2.7 out of 5 based on only four reviews, all of which are negative.

The FXCanary Scam Risk Score assigns E-Global a rating of 75 out of 100, categorised as ‘Severe’. This score reflects the combination of no regulation, negative user experiences, and a lack of transparency.