Exposure: A Victim Says His Scammed Trading Experience in biggloballtd

Use a free 100USD as a trap

A trader sent us his scammed experience in biggloballtd. He met a Malaysian girl on the Internet on 1st April 2022. At first, he just wanted to chat with her to pass through time and didnt mean to join forex or crpyto trading. After 2 weeks of chatting, the girl tried to convince him to try trade the forex on MT5 and offered a free 100USD for him for the first time. She showed him how much she had earned through forex and said she she was majoring in this. He accepted the free 100USD and joined her. He made some profits in the 1st trade and withdrew out the money without any problems.

Pay $16,431 in taxes

Then the trap came. He thought it was safe and deposited more money to make more profit about 30k USD. It was so profitable that he made $82,158 profits in just two weeks. However, the bad thing happened when he tried to withdraw - he must pay a tax of 20 percent of his profits, or $16,431 in taxes.

A scam

He can't withdraw because he didnt have that much money to pay the tax. After many times of communication, biggloballtd always insisted that the only way for him to withdraw was to pay the tax first, and the tax could not be directly deducted from his account. And he was suggested to borrow money from his surroundings to finish the taxes problem. And at that time, he knew he was scammed.

An unregulated forex broker

As you can see, biggloballtd claims that it is regulated by the American Futures Association (NFA) under regulatory number 0546421 and is registered in the United Kingdom.

▶ Not an NFA Member

When we searched on the NFA Registry, we found it is not an NFA Member. That means the firm is not allowed to offer forex investment activities as it is not supervised by NFA.

▶ Not a legitimate UK-based forex broker

Searching with biggloballtd on the FCA Registry, we We also found no license matching results. That is to say - the firm is an unlicensed broker who runs without any licenses.