Extra Global Trading Review

About Extra Global Trading

Extra Global Trading (operating via the domain extragt.com) is not authorised or regulated by the Luxembourg financial regulator CSSF, which issued a public warning dated 2 June 2022 stating that the entity representing itself as “Extra Global Trading” or “Strategic Partners (Lux) SCP” is unknown to CSSF, lacks any licence, and has no affiliation with the legitimate firm “Global Asset Advisors & Management S.A.” ()

Extra Global Trading claims to be operated by “Strategic Active Trading” with FCA reference number 713570, yet no such connection is verifiable through the UK FCA register (). Investigations affirm that the broker holds no valid regulatory authorisation, implying that client funds are not protected by regulatory safeguards ().

The legal entity behind Extra Global Trading is stated in its Terms and Conditions as Pine Consulting LTD, based in the Marshall Islands—an offshore jurisdiction without financial regulation (). The broker offers three account tiers—Micro (minimum deposit €500, leverage 1:200), Standard (minimum deposit €5,000, leverage 1:300), and Premium (minimum deposit €50,000, leverage 1:400); MetaTrader 5 is listed as a trading platform, although the installation binary appears to connect to another broker, raising authenticity concerns ().

Pros and cons

Pros

• Account tiers and leverage levels are disclosed, including minimum deposits and maximum leverage ().

Cons

• No regulatory authorisation; CSSF explicitly warns of unauthorised operations ().
• False claims of FCA regulation via Strategic Active Trading cannot be verified ().
• Offshore base in the Marshall Islands where no financial oversight exists ().
• Platform authenticity is doubtful—MT5 installer not configured for the broker ().
• High leverage levels (up to 1:400) exceed those permitted under major regulatory regimes.