About Extra Global Trading
Company Overview
Extra Global Trading is an online forex broker founded on 2 November 2021 and domiciled in Liechtenstein. The broker operates under the domain extragt.com and offers leveraged trading services to retail clients. However, as of the time of this review, the broker does not hold any recognised regulatory licence from a financial authority.
The company's registration in Liechtenstein may provide some corporate transparency, but the lack of regulatory oversight means that traders do not benefit from investor protection schemes or dispute resolution mechanisms. Publicly available information about the broker is extremely limited, and independent verification of its operations is difficult.
Regulation and Security
Our review found no evidence that Extra Global Trading is regulated by any competent authority. The broker's website does not display a licence number or claim oversight from any financial regulator, such as the FCA, CySEC, or BaFin. This is a significant red flag for traders who prioritise safety.
Without regulation, the broker is not subject to minimum capital requirements, client money segregation rules, or regular audits. Traders considering this broker should be aware that they would have no recourse to a compensation fund if the broker becomes insolvent or engages in misconduct.
Account Types and Minimum Deposits
Extra Global Trading offers three account types tailored to different capital levels. The Micro account requires a minimum deposit of €500 and is suited for smaller-scale trading. The Standart account requires €5,000, and the Premium account demands a substantial €50,000 minimum deposit.
These high entry barriers suggest the broker targets affluent retail traders or semi-professionals. The leverage offered varies by account, with the Premium account providing the highest ratio of 400:1. It is important to note that high leverage amplifies both potential profits and losses.
Trading Conditions
Specific details about spreads, commissions, and trading platforms are not publicly available from the broker's website. The known facts indicate only the maximum leverage per account type. The lack of transparency on trading costs and execution makes it difficult for traders to evaluate the broker's competitiveness.
It is unclear what instruments Extra Global Trading offers beyond forex. The broker's website, as observed in search results, appears to be a generic landing page that does not list tradable assets such as indices, commodities, or cryptocurrencies.
Deposits and Withdrawals
No information about payment methods or withdrawal policies is provided on the broker's website. This absence of detail is concerning, as traders cannot assess the convenience or cost of funding their accounts.
Without clear terms on withdrawal processing times or fees, clients may face unexpected delays or charges. The broker's privacy policy mentions a Polish entity handling data, but this does not clarify financial transactions.
Suitability
Extra Global Trading is not suitable for most retail traders due to its high minimum deposits and lack of regulation. The broker may appeal to experienced traders with large capital who are willing to accept the risks of trading with an unregulated entity.
Beginners and risk-averse traders should avoid this broker entirely. The absence of regulatory oversight and limited information makes it impossible to recommend Extra Global Trading to any prudent investor.
Overview compiled by FXCanary from regulatory records and public data. full Extra Global Trading review