FXGM

FXGM is an online trading brokerage company that has been serving several organizations since 2011 and is headquartered in Cyprus. This means that FXGM is a European broker that is regulated and controlled by the financial authority CySEC, providing its clients with competitive trading conditions and guaranteed transparency.

FXGM regulation

FXGM is a trademark used by Depaho Ltd, a company registered in Cyprus and regulated by CySEC. Cyprus is part of the EU, so it complies with the requirements of the European MiFID Directive on the provision of financial services to the population.

In addition, FXGM has offices in Spain (the company is authorized in CNMV) and South Africa (authorized in FSCA), so brokerage services comply with the necessary laws, protecting customers and providing a reliable trading environment.

Leverage

FXGM broker operates in various jurisdictions and complies with certain regulatory restrictions. Thus, European clients can get access to a maximum leverage of up to 1:30 for Forex instruments. When trading in branches in South Africa, traders will have higher leverage. However, the maximum leverage for professionals increases to 1:200 after the status is confirmed.

FXGM trading accounts

FXGM offers various trading accounts for novice traders and professionals. If you are a novice trader, there are six types of accounts where the first 10 trades are protected from losses. These accounts differ in the size of the Deposit and the percentage of discounts on spreads and commissions for transferring transactions. So on the Discovery account, the minimum Deposit is$ 2,000 and 5% discounts, and on the VIP account, the minimum Deposit is$ 30,000, and you will haveyou can also get 25% discounts.

Professional account holders get maximum leverage of up to 1:200, protection from negative balance, and better execution of trades.

Please note that the broker charges a Commission of 150 euros once a quarter if there is no trading activity for three consecutive months.

Trading instrument

In the FXGM broker's offer, you will find a wide range of trading tools and services suitable for both novice traders and professionals. The range of tools includes the most popular Forex and CFD products for stocks, commodities, indices, ETFs and cryptocurrencies.

Trading platform

FXGM allows you to access online trading through the easy-to-use WebPROfit trading platform, which does not require installation. WebPROfit provides extensive trading tools, accompanied by the latest news, real-time charts, and additional analysis tools.

If you need the popular MetaTrader 4 trading platform, you should check out other Brokers at the link.

Minimum deposit

The minimum Deposit on FXGM is$ 200 for a Basic account, while the next type of account will require large amounts.

Conclusions

FXGM is a brokerage company that has been operating from its European division in Cyprus since 2011, and is also expanding its offer through a branch in South Africa. The broker is regulated in each region in which it operates, which makes its terms transparent and reliable for traders. As for the FXGM trading conditions, they are competitive for both novice traders and professionals.

However, we we would be happy to hear your opinion about the broker, you can also read the reviews of FXGM and see our rating of Forex brokers.