FXGM Broker Reviews and Full Information

WHAT IS FXGM?

The term "trading" sounds fascinating and appealing. However, why is that? It's no secret that trading can provide you with the chance to earn an enormous sum of cash. Even the smallest of trades are not in the wrong direction. It is essential to convert your ideas into reality. The question is how do you accomplish this in the business world? Don't worry; we'll give you all the information you need to know.

In order to start trading, you will require an experienced broker that can provide you with the necessary details and platforms necessary to trade. FXGM is a highly-rated brokerage company that was established in 2011 in Cyprus and CySEC regulates the company. The firm offers its customers a variety of kinds of accounts, great trading conditions and a range of payment options. Additionally, more than 200 different trading tools are accessible for traders, including the indices, cryptocurrencies, CFDs, etc.

Pros

Cons

Regulated by CySEC.

There are no clients coming from US.

A variety of trading instruments is available.

MetaTrader platform is not available for support.

Multiple languages are available on the platform.

Demo account not provided.


 

10 Points Summary

Headquarters

Cyprus

Regulation

CySEC, FSCA.

Platforms

WebPROfit

Instruments

CFD and FX products, commodities and indices

EUR/USD Spread

0.3 pip

Demo Account

No

Minimum deposit

EUR200

Base currencies

USD, GBP, EUR

Education

Provided

Customer Support

24/5

 

How safe are you using FXGM?

Prospective traders must conduct thorough study prior to choosing the right broker. Security is a crucial aspect that can't be compromised. So, if your broker fails to safeguard you then you may should reconsider your choice.

In the last decade, FXGM has managed to earn a reputation within the business which allows its traders to place their trust in. The company is regulated by Cyprus Securities and Exchange Commission (CySec) which means that all money is held in a separate account that is not utilized by the company for its intended purposes.

Pros

Cons

CySec as well as FSCA regulation.

None.



 

Awards

It's highly likely that a person reading a review might consider a review to be biased. The validity of the company's awards however is indisputable.

FXGM hasn't won any awards to date.

Do you think FXGM a scam or a safe?

We've all experienced scams at one point or another during our lifetimes. In the end, it is very difficult to be able to trust anyone, particularly brokers.

If you've chosen FXGM for your brokerage, relax and enjoy the moment. The company is regulated by CySec and eliminates the possibility of it becoming a scam. Furthermore the company has been operational since 2011 , and has managed to build trust among its customers.

Account

FXGM provides six different accounts: discovery, basic gold, silver premium, and VIP. The minimum deposit required for each account is distinct. E-books, free training and a personal assistant are all included in each account. Autochartist and Trading Insider are included as part of the package.

BASIC ACCOUNT There are no price reductions or rollover discounts are provided.

DISCOVERY ACCOUNT The account offers discount of 5% on the price and an 5% rollover discount. BITA3*, BITA5*, and BITA10* are offered.

Silver Account The account offers 10% off the cost as well as the possibility of a rollover discount of 10. BITA3*, BITA5*, and BITA10* are all available.

Gold Account If you upgrade prices and rollover discounts will increase. Gold accounts provide an average discount of 15%, and an additional rollover discount of 15 percent. BITA3*, BITA5*, BITA10* BITA10*, along with BITA15* are all available.

Premium Account The price discount and rollover discount jumped up to 20 percent. BITA3*, BITA5*, BITA10* BITA10*, as well as BITA15* are now available.

VIP ACCOUNT VIP ACCOUNT has the most price reduction along with a rolling discount of 25, i.e., 25 percent. BITA3*, BITA5*, BITA10*, BITA15*, and BITA20* are all available.

A demo account isn't offered by FXGM. Instead the live demo account is offered with the first ten transactions are completely free. If you fail to make any money, the compensation will be paid by FXGM. If you win amount, it's the yours. FXGM is not able to offer an Islamic account.

 

Pros

Cons

Every account has an individual manager.

No demo account

Live demo environment provided

No Islamic account.

Multiple account types available

 

Trading Instruments

TRADING INSTRUMENTS:

FXGM provides a variety of trading instruments for the trader. It offers six kinds of cryptocurrencies as well as 136 shares. There is as well as a variety of 47 commodity pairs, 18 currency pairs and 23 indexes.

 

Pros

Cons

A wide range of instruments

None







 

Trading Platforms

TRADING PLATFORMS:

Platforms that are supported by FXGM include WebPROfit and Mobile PROfit.

WebPROfit Platform WebPROfit Platform designed to offer traders an easy and hassle-free experience. The interface for users is simple and simple to use , and it can be adapted to both novice and experienced traders. It provides the most recent market updates, charts and analyses. The most appealing aspect of This platform is the fact that it needs neither download nor updates.

Mobile Profit Platform: The concept of trading using your smartphone seems like a dream, doesn't it? It's true. The Mobile PROfit platform provides similar features within the palm of your hand like WebPROfit. WebPROfit platform. It can be used with the both iOS and Android phones.

Pros

Cons

The platform provides the most up-to-date market information.

MetaTrader platform is not available.

Available on both iOS as well as Android phones.

 

 


 

Trading Fees

FXGM has implemented its Straight Through Processing (STP) method. The spreads are variable and are based on the market conditions and the type of account that you are using.

Pros

Cons

Variable spreads.

None.

STP approach.

 



 

 

Optional options for deposit and withdrawal:

The process for depositing money is fast and easy. At first, a minimum of 200 dollars is required. A wide range of deposit options are accessible to select from. You can deposit money through the following options:

Wire Bank Transfer

Skrill

Credit or debit card

Payments are typically instant except for wire transfers, which can take up to five days. For credit cards back office, the department responsible for customer support or the customer support department must be informed in advance as they require a current statement from the card and the copy of it as proof.

The withdrawal of funds is made as simple as depositing. FXGM provides a unique benefit which allows withdrawals to be done with the same source from the deposit made. In other words, if it was a credit card that made the payment, the withdrawal is made back through exactly the same process.

 

Education:

Potential traders should take advantage of trading opportunities by reading the Glossary as well as the Forex History section on the official website.

The importance of knowledge is that there is no such thing as having too excessive knowledge. The human mind is always in the learning process and should seek to improve their knowledge through the available sources. The glossary section of the website contains all essential and important terms traders should know about. Each word is also accompanied with an explanation. The WebPROfit platform offers a variety of educational videos which can be accessed after the administrator has deactivated the videos.

The educational resources offered by FXGM are excellent and can prove beneficial to those who are looking to improve their knowledge.

Customer support:

A great customer service aids a business in establishing credibility. For FXGM the customer service team is available on Mondays through Fridays from 7 am to 7 at night. They can also be contactable via email, phone and live chat.

Contacting our team becomes simpler by the availability of support in different languages.

Pros

Cons

The time to respond is fast.

24/7 support is not available.

Multiple languages supported.

 

 

Conclusion:

The world of trading welcomes all with all arms. A large portion of the trade depends on strategy and the other is based on luck.

FXGM is a great option for those who are looking to trade as it offers excellent customer service assistance, various types of accounts, educational materials and security. In addition, it provides an array of trading instruments available on its platform. It is controlled by CySec which eliminates any doubts regarding its reliability.

Certain traders who are acquainted with the MetaTrader platform may not be a fan of FMGX since it does not offer an MetaTrader platform.

FREQUENTLY ASKED QUESTIONS (FAQs)

What is the minimum amount to deposit?

EUR200 is the minimum amount to deposit.

Do I have faith in FXGM?

It is true that FXGM is a reliable company because it is controlled through the Cyprus Securities and Exchange Commission (CySec) and Financial Sector Conduct Authority (FSCA) in South Africa.

Does FXGM offer demo accounts? by FXGM?

There is no demo account available. FXGM doesn't offer an account with a demo feature. It provides the opportunity to live in a demo environment, where your first 10 transactions are for free. In the event of a loss within the first 10 trades, a refund will be paid. Profits can be retained for the participant.

What platform is provided by FXGM?

It provides its own platform, the WebPROfit platform.

Are Islamic Account available through FXGM?

It's not true, FXGM doesn't provide the Islamic Account.

Summary
Properties Values
Name
FXGM
Minimum Diposit
$ $200
Leverage
200:1
Regulation
CySEC (Cyprus),FINFSA (Finland),BaFin (Germany),CONSOB (Italy),FSA(SC) (Seychelles),FCA (United Kingdom),,,,
Headquarters
Cyprus
Established
2011
Address
Artemisia Business Centre, 14 Charalambou Mouskou, 2nd Floor, Office 201, 2014 Nicosia, Cyprus
Platform
MT4,MT5,,,,
Payment Method
Visa,Mastercard,Wire,,,,
Overview
Properties Values
Spreads
0.3 pip
Min Position size
0.01
Broker Type
STP (Straight Through Processing),Instant Execution,,,,,,,
Account Type
Standard,,,,
Brokers by Country
Cyprus Forex Brokers,,,,
Techniques
Scalping Forex Brokers,Mobile Trading Brokers,,,,
Instruments
Forex Trading Brokers,Gold Trading Brokers,Crypto Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Commodity Forex Brokers,Metal Trading Brokers,Indexes Trading Brokers,,,,
Account currency
USD,EUR,GBP,XAU,JPY,,USD,,USD,,USD,
Tools
Economic Calendar,Charting Software,Profit Calculator,,,,
Website Languages
en,,,,
Support languages
en,,,,
Bonus
Yes
Reviews Rating
3.0
Withdrawal Fee
Yes
Trading Signals
No
Free Education
Yes
Daily News
Yes
Demo account
Yes
Swapsr
Yes
Pors
1. Regulated by CySEC.	
2. A variety of trading instruments is available.	
3. Multiple languages are available on the platform.	
Cors
1. Demo account not provided.
2. MetaTrader platform is not available for support.
3. There are no clients coming from US.
Display Analysis
Yes
Serving country
DE,IT,NO,PL,ZA,ES,SE,GB,,,,
Not Serving country
BE,CA,IR,US,,,,
Contests
No
Market analysis
No
Copy Trading Brokers
No
Bitcoin Forex Brokers
Yes
Social trading
Yes
Web trading
Yes
Forex pairs
Yes
CFDs
Yes
Crypto
Yes
Hedging
Yes
PAMM
Myfxbook Auto trade,Mql5 signals,,,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+357 22 030 082
Customer Support
24/5
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