Warning Investors BeGlobalFund – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Introduction To BeGlobalFund:
BeGlobalFund is a website that presents itself as a leading online trading platform, with access to over 250 markets and a variety of trading tools and features. The website claims that BeGlobalFund is operated by Be Global Limited, a company registered in St. Vincent and the Grenadines and that it is regulated by the Financial Services Authority (FSA) of that country. However, there is no evidence that BeGlobalFund is actually authorized or supervised by the FSA, or that it has any physical presence or business operations in St. Vincent and the Grenadines.
Regulation and Compliance Of BeGlobalFund:
According to the ASC, BeGlobalFund is not registered to trade in, or advise on, securities or derivatives in Alberta. This means that BeGlobalFund is operating illegally and without any oversight or protection for investors. The ASC also warns that BeGlobalFund may be engaging in high-pressure sales tactics, false or misleading statements, and other signs of investment fraud. The ASC advises Albertans to exercise extreme caution when dealing with BeGlobalFund or any other unregistered online trading platform.
Customer Support Offered By BeGlobalFund:
The website of BeGlobalFund provides a phone number, an email address, and a live chat option for customer support. However, these channels may not be reliable or responsive, as many online reviews indicate that BeGlobalFund’s customer service is poor or nonexistent. Some customers complain that they have been unable to withdraw their funds, that they have been charged hidden fees or commissions, or that they have been pressured to deposit more money or upgrade their accounts. Others claim that they have been scammed or defrauded by BeGlobalFund’s agents or brokers.
Customer Reviews Of BeGlobalFund:
The majority of the customer reviews of BeGlobalFund that can be found online are negative or warning. Many customers report that they have lost money or been cheated by BeGlobalFund and that they regret trusting this platform. Some customers also allege that BeGlobalFund has paid for fake positive reviews or testimonials on some websites or social media platforms, in order to lure more victims. There are very few genuine positive reviews of BeGlobalFund, and most of them are vague or lack details.
Measures To Avoid Fraud Brokerages Like BeGlobalFund:
The ASC recommends that investors take the following steps to protect themselves from fraud brokerages like BeGlobalFund:
– Check the registration status and disciplinary history of any person or company offering an investment opportunity, using the National Registration Search tool.
– Do your own research and due diligence before investing your money, and do not rely on unsolicited offers or promises of high returns with low risk.
– Beware of red flags such as pressure to act quickly, requests for personal or financial information, guarantees of performance, or difficulty in withdrawing your funds.
– Report any suspicious or fraudulent activity to local authorities and regulators
Conclusion:
BeGlobalFund is a platform that claims to offer online trading services for various financial instruments, but it is not registered or regulated in Alberta, and it may be involved in fraudulent activities. The ASC has issued a warning about this platform and advises Albertans to exercise extreme caution when dealing with it. Investors should also take measures to avoid fraud brokerages like BeGlobalFund, by checking the registration status, doing their own research, being aware of red flags, and reporting any suspicious or fraudulent activity.
