Forex Brokers

BLG Finance (Imposter)

1.4 (15 reviews)
🇳🇿 New Zealand
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1.4
15 reviews
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About BLG Finance (Imposter)

BLG Finance (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Requote on winning trades only

J
Jennifer V.
1 weeks ago

BLG Finance (Imposter) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.

Pros: Two-factor authentication|Responsive team|Multi-device support|Personal attention

Cons: Would like more payment methods|Minimum deposit could be lower

Wish zero stars was an option

I
Ian X.
1 weeks ago

Customer support at BLG Finance (Imposter) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.

Pros: Reliable uptime|Instant funding|No hidden fees|Regular updates

Cons: No fractional shares|Account statements could be more detailed

Cannot withdraw funds - classic scam

D
Diana E.
2 weeks ago

I want to warn everyone about BLG Finance (Imposter). They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Cons: No regulatory oversight|Money disappeared|Fake testimonials

Manipulative and dishonest

R
Rebecca E.
4 weeks ago

BLG Finance (Imposter) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: Fast deposits|Quick verification|Market news feed|Good analytical tools

Cons: Currency conversion fee exists

Red flags everywhere

S
Samantha A.
3 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that BLG Finance (Imposter) has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Pros: Website looks legitimate on the surface

Cons: Flagged by Financial Markets Authority|Cannot verify credentials

I cannot say a single positive thing

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Carl J.
3 months ago

BLG Finance (Imposter) locked my account without warning and demanded documents I had already submitted. since the beginning of the year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Segregated accounts|Excellent charting|Regular updates|Wide product range

Cons: Search feature is basic

Important information for potential investors

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Lisa E.
4 months ago

I looked into BLG Finance (Imposter) and found they appear in the regulatory warnings database. Financial Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.

Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction

Indicators are limited and buggy

S
Stephanie N.
4 months ago

The only good thing about BLG Finance (Imposter) is that they remind you why regulation matters. I found them after a friend recommended them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.

Pros: Professional team|Detailed reporting|Intuitive for beginners

Cons: No crypto staking

No real market analysis

E
Edward R.
5 months ago

The spread at BLG Finance (Imposter) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.

Pros: Customizable dashboard|High security standards

Cons: Would like more payment methods

Absolutely dreadful

S
Susan S.
6 months ago

Where do I even begin with BLG Finance (Imposter)? for over three years of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.

Pros: Multiple order types|Demo account available|Regular platform improvements

Cons: Research section could be deeper