FXGM – Forex Broker review

FXGM review and Rating
FXGM review

Name: FXGM review

Description: FXGM founded in 2006 as a part of Depaho Ltd. It is located in Nicosia, Cyprus. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), as well as the Financial Sector Conduct Authority (FSCA) of South Africa.

80%
80 of 100 1 review
  • Support - 80%
    80%
  • Platform - 70%
    70%
  • Insights - 90%
    90%
  • Leverage - 70%
    70%
  • Commission - 90%
    90%

Summary

It has six different types of trading accounts, called Basic, Discovery, Silver, Gold, Diamond, and VIP. Each account allows for commission-free trading with just spreads and swaps payable according to the account type, which is based on the withdrawable equity. FXGM offers the PRofit forex trading platform. It also offers over 40 forex currency pairs, CFD’s, commodities, shares, indices, gold, silver, oil, bitcoin, and other cryptocurrencies for investment and trading options. Read FXGM forex broker review, rating, regulation, and detailed information for their services below.

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User Review
4.5 (2 votes)
Comments Rating 0 (0 reviews)

Pros

  • CySEC and FSCA regulated.
  • Loss protection for first ten trades
  • Browser-based PROfit trading platform.
  • Commission-free Retail and Professional trading accounts available.
  • Access to ‘Trading Insider’ from the trading platform
  • Free trading signal alerts via sms
  • Market analysis & signals powered by Autochartist

Cons

  • No MetaTrader platform.
  • No demo trading account.
  • Clients from USA, Canada, Belgium & Iran are not allowed to register
  • Only the WebPROfit platform is available to traders
  • No social trading or managed accounts

FXGM several payment options, which include online payment processors such as Paypal, a leading e-wallet solution. The WebPROfit platform is commendable with a multitude of inbuilt features such as Autochartist, Trading insider, Newsfeeds, etc., as well as its mobile app support. FXGM has explicit educational content, a personal account manager, and some other excellent features for newbies. It gives traders insights on what other traders are trading and how they are trading. For example, you can read from the charts that in the last hour, 77% of traders have opened ‘buy’ positions on the USDJPY currency pair. It is left for the trader to use his discretion to either follow the trend or do otherwise.

FXGM Detail Information

Company FX Global Market (FXGM) Ltd.
Founded in 2006
Offices in Cyprus
Payment options Credit/debit cards, Neteller, Skrill, Wire transfer
Demo platforms MetaTrader 4, PROfit
Account currencies Australian dollar, Canadian dollar, Euro, Great Britain pound, Hungarian forint, Japanese yen, New Zealand dollar, Singapore dollar, South African rand, Swedish krona, United States dollar
Currency pairs
AUD/CAD AUD/CHF
AUD/JPY AUD/NZD
AUD/USD CAD/CHF
CAD/JPY CHF/JPY
EUR/AUD EUR/CAD
EUR/CHF EUR/GBP
EUR/JPY EUR/NOK
EUR/NZD EUR/USD
GBP/AUD GBP/CHF
GBP/JPY GBP/NZD
GBP/USD NZD/CAD
NZD/CHF NZD/JPY
NZD/USD SIL/VER
USD/CAD USD/CHF
USD/JPY USD/NOK
USD/ZAR
Regulated by BaFin
CySEC, 074/06
FCA (UK), 490196
Website available in Arabic, English, French, Italian, Polish, Spanish
Support available in English, French, Greek, Italian
Support methods Callback, Email, Live chat, Phone, Skype
Trading server time zone GMT
Conditions for VIP traders Airline ticket & hotel for Forex seminar in Cyprus.

FXGM Features

  • Bonus offers
  • Free education
  • Trading by telephone
  • MAM accounts
  • Segregated accounts
  • Islamic accounts available
  • US traders are welcome

Account Types

  • Standard Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • VIP Account
    • Hedging
    • Overnight interest rates (swaps)
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
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