AI Global Group Review – 5 things you should know about ai-globalgroup.com

Beware! AI Global Group is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

Visit Site

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

AI Global Group is an unregulated, shady broker that has nothing to offer you. If you are looking for good trading conditions, a safe environment, or a decent trading platform, look elsewhere – this broker definitely does not have your best intentions in mind.

AI Global Group Regulation and Safety of Funds

AI Global Group claims to be based in Australia – but did not seem to be regulated by the Australian regulator ASIC. When we searched for the broker’s name – since a company name was not provided – in the regulator’s database, we found a number of companies with similar names but not one that matched completely.

In its Terms and Conditions, AI Global Group claimed to be guided by the laws of Estonia and St. Vincent and the Grenadines. Needless to say, the broker did not seem to be regulated in Estonia either. As for St. Vincent and the Grenadines, no broker could be licensed there since the local financial authority does not monitor the activities of forex brokers and does not impose any laws related to forex trading.

All of this means that AI Global Group is a completely unregulated, anonymous enterprise that cannot be trusted under any circumstances. Investing in them is bound to result in losses. For this reason, we urge you to look up brokers regulated in strict jurisdictions such as the UK, the EU, and Australia since trading with such enterprises comes with a much higher degree of safety.

AI Global Group Trading Software

AI Global Group offers access to a simple, rudimentary web-based trading platform:

Such platforms might seem like a good choice for beginners because they are easy to use but they offer close to no useful tools and features.

Platforms like MetaTrader 4 and MetaTrader 5, on the other hand, offer both impressive charting and analysis packages as well as additional tools like Expert Advisors, Strategy Testers, VPSs, trading signals, a market for add-ons, etc.

AI Global Group Trading instruments

AI Global Group offers access to a fairly decent range of trading instruments – forex, commodities, stocks, indices, and cryptocurrencies.

AI Global Group Spreads and cost of trading

AI Global Group offered extremely competitive spreads on all benchmark currency pairs – 0.0 pips on EURUSD, and 0.1 pips on GBPUSD and USDJPY. Achieving such spreads is completely impossible, even for the best of brokers. What such results probably prove is that the broker has probably manipulated its platform to manufacture such spreads.

Additionally, AI Global Group states that it retains 7% of your profits (on the Beginner account) as commission. That is not bad but it could potentially turn out to be a lot of money.

There are plenty of legitimate brokers that can offer spreads in the 0.5 pips to 1.5 pips range – check out their offers instead of wasting time on scammers.

AI Global Group Maximum leverage

AI Global Group promises maximum leverage of between 1:2 and 1:15 depending on the account type. The curious thing is that the more money you invest, the higher leverage you would be able to trade with which is quite uncommon. Usually, the more money you have in your account, the lower the leverage the broker allows. The reason for that is leverage enables you to make bigger losses – and win or lose more money in the process. It is no wonder that most brokers offer lower leverage to clients that have more to lose.

The maximum leverage rates AI Global Group offers are actually quite safe if a bit low. Australian brokers are generally allowed to offer up to 1:30 to retail traders.

AI Global Group Deposit and withdrawal methods

AI Global Group would not allow us to make a deposit through their system and instead insisted on getting in touch with us. We were unable to see if the only payment method the broker supports, credit/debit card, is actually available.

If you have already deposited with this fraudulent enterprise, ask for a chargeback as soon as possible – both Visa and MasterCard allow such chargeback within 540 days of the transaction.

Keep in mind that most legitimate brokers generally offer a far greater choice of deposit options – credit/debit card but also wire transfer, and electronic payment solutions like Skrill, Neteller, and PayPal.

AI Global Group Minimum deposit

In order to open an account with AI Global Group, clients would have to be willing to invest a hefty sum – as much as $5000. Considering the fact that Micro accounts are on the rise and starting to trade with as little as $1 is completely possible, investing with such scammers is a total waste of time. Even Standard accounts are extremely affordable these days and very few legitimate brokers would ask you to invest more than $500.

AI Global Group Withdrawal requirements

Like many other scam brokers, AI Global Group has added some quite devious clauses regarding bonuses to its Terms and Conditions:

If you have received a bonus, you would not be able to withdraw that bonus and any profits it has helped you generate, before you have reached an enormous turnover – 30 times the deposit plus the bonus. Beware – scam brokers tend to change their terms without warning and before you know it, you might also be prevented from withdrawing any of your profits as well as your own deposits. You will never find such clauses in the Terms and Conditions of a legitimate broker.

We would also like to point out that bonuses are illegal in Australia where this broker is supposedly based which once again proves that they could not be regulated there.