XGlobal Markets Xem lại

On-line since: 2012
Country of origin: Cyprus
Regulation: CySEC, License No. 171/12. In addition, the broker is regulated by the following bodies: the FCA in the UK under registration number of 602404; the BaFin in Germany under registration number of 132843; the MiFID in 30 EU countries.
Payment options: XGlobal Markets uses a limited number of ways to replenish and withdraw funds: credit cards (Visa, Master Card Visa-electron), instant crediting; Skrill payment system, which requires confirmation by email; Neteller, instant crediting. There is no commission when depositing funds, and all additional costs are paid by the broker. The withdrawal of funds is carried out in the same way as depositing.
Minimum account size: $500
Minimum lot size: 0.01 lot; maximum trade size: 200 lots
Leverage: from 1:25 to 1:200
Spreads: variable

About the company:

XGlobal Markets Ltd has been operating since 2012. The company is registered and headquartered in Cyprus at 162 Fragklinou Rousvelt, 1stFl. 3045, Limassol. This STP broker ensures an instant order execution and provides the markets of highly liquid assets. The company adopts the same approach to all customers: the broker provides both legal entities and individuals with a unified account with flexible trading terms.

Products and services

The XGlobal Markets clients can trade 40 currency pairs, energy commodities, indices, and futures for precious metals. Traders can open an unlimited number of deals and use advisors. The company also offers the opportunity of trading the news, scalping, and hedging.

Security of funds

According to the information from the official website, customer funds are kept in segregated accounts with reputable European financial institutions. Besides, according to Directive DI144-2007-01 regarding authorization and operating conditions of Cypriot Investment Firms, CIFs are required to follow all necessary steps designed to ensure that client funds are deposited in an account or accounts identified separately from any accounts used to hold funds belonging to the company. In addition, the broker is a member of the Investor Compensation Fund, which means that customers can claim compensation if the company is unable to fulfill its obligations.

Accounts and currencies

Customers can choose from two account types: STP and ECN. The account currencies are USD, EUR, JPY, and GBP. Besides, traders can open a demo account.

Minimum deposit

The minimum deposit is $500, which is a rather high threshold for a broker of this level.

Spreads and commissions

Spreads range from 1 to 3 pips.

Leverage

Traders can enjoy leverange of up to 1: 200 for currencies and up to 1:50 for precious metals.

Trading platforms

XGlobal Markets offers its customers trading through the popular MetaTrader4 platform and its modifications such as a classic version for Windows, a modified version for Mac OS, mobile trading apps based on Android and iOS, as well as a version for trading on tablets, optimized for touchscreens.

Customer service

Traders can contact a customer service team by phone or email indicated on the broker's website. Besides, each client is allocated a Personal Account Manager who is able to provide fast and quality support.

Feedback from traders

We did not find any positive comments about the company's work.

viktor1965 07.10.2019

I find the actions of XGLOBAL Markets fraudulent. I have been asking the company to return my money since March 2019, but they no longer respond.

Viking30 06.06.2019

The company's work can be described with one word: a fraud!!!! Gone with my money.

vanaol 10.05.2019

Guys, yesterday I decided to find true and unbiased reviews from real traders in forums. I just got nervous ... stop orders do not execute, often... I am just waiting for XGLOBAL Markets to give me $2,000 back... Well, I was thinking, you know, anything's possible... but much time has passed... So, I have read the reviews and realized that such things happen, people are complaining .. what can you add?

Andrey 15.03.2019

We have repeatedly discussed problems with the withdrawal of funds. Why do you trade with this "company"? Find a decent broker.

Vladislav 06.02.2019

The main problem is to withdraw money. The company does not give large amounts of money back - you have to withdraw it in parts. I do not like it at all.

Maxim 22.01.2019

The broker's been having never-ending problems with the withdrawal of funds. This is not the first time I have experienced it. When you start complaining; they conduct a complete verification, require a passport scan and so on. And even after all the documents are presented, they do nothing but block access to your client cabinet.

Advantages:

• wide choice of investment instruments;
• licensed broker;
• customers have the right to receive compensation if the company goes bankrupt;
• scalping, advisors, as well as news trading allowed.

Disadvantages:

• high minimum deposit to open an account;
• no analytics and training materials;
• limited number of methods to withdraw and deposit funds;
• too many negative reviews.