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XGLOBAL -

Score

4.26 /10
Average

XGLOBAL

Cyprus

10-15 years

Regulated in Cyprus

Straight Through Processing(STP)

United Kingdom European Authorized Representative (EEA) Revoked

High potential risk

https://www.xglobalmarkets.com

Influence

B

Add brokers

Comparison

Quantity 53

Exposure

Open Account
Website

Score

Regulatory Index4.29

Business Index8.38

Risk Management Index0.00

Software Index4.00

License Index4.29

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Broker Information

More

Company Name

X GLOBAL Markets Ltd.

Company Abbreviation

XGLOBAL

Platform registered country and region

Cyprus

Company website

X

Facebook

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-01-31
  • The number of the complaints received by WikiFX have reached 53 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 602404) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Exposure

53 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Fraud platform

Fraud platform. Unable to withdraw.

2020-07-17 09:12
Scam

Fraud

It is simply a fraud which conned you to deposit and gave no access to it.

2020-07-28 21:23
Scam

Fraud

This fraud conned you to make investment and then gave no access to withdrawal. Stay away!

2020-08-06 21:54
Unable to Withdraw

Unable to withdraw

The withdrawal is unavailable in this fraud platform. Now even the website is disabled. Hope relevant see to this.

2020-07-18 21:34
Others

Scam

He disappeared and blocked me after I paid him 1500.

2021-09-22 14:46
Scam

Fraud

This fraud conned you to deposit fund and then give no access to withdrawal.

2020-07-23 23:07
Scam

Stay away from the fraud

XGLOBAL modified clients’ information including bank card number and ID number and gave no accede to fund.

2020-07-14 20:33
Unable to Withdraw

Suspected fraud. DDT’s current situation is unknown.

Suspected fraud. The company is currently not running properly due to the theft and the company's operation is ceased!

2020-07-11 12:48
Scam

Fraud

XGLOBAL conned clients to deposit and gave no access to it.

2020-07-30 16:14
Unable to Withdraw

Fraud

It is simply a fraud which cons clients to deposit and the gave no access to it.

2020-08-03 13:42
Scam

Fraud

This fraud induced you to deposit by every mean and gave no access to withdrawal. Don’t make investment here.

2020-07-11 22:17
Unable to Withdraw

Fraud

XGLOBAL promised to give access to withdrawal, but the website collapsed on the night of July 5th. I kept the screenshot. Hope related regulator see to this.

2020-07-24 12:15
Unable to Withdraw

Fraud

XGLOBAL gave no access to withdrawal with the excuse of violation.

2020-07-13 08:53
Scam

Fraud

Don’t trade on this fraud which gave no access to withdrawal with grinding reasons.

2020-07-19 22:26
Severe Slippage

Scam

In the context of sufficient margin, XGLOBAL closed my position compulsorily. My order disappeared inexplicably!

2020-08-05 20:20
Unable to Withdraw

scam

Hi I am Khitish Dash i deposited $500 to the X global markets but then i tried to withdraw my profits then they rejected my documents and then i given another documents will full verified still they rejected it again and again and finally they blocked my account and blocked my email.

2021-09-22 03:05
    XGLOBAL · Company summary

    Note: XGLOBAL's official website - https://www.xglobalmarkets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    XGLOBAL Review Summary
    Founded2012
    Registered Country/RegionCyprus
    RegulationCYSEC, BaFin/FCA (Revoked)
    Market InstrumentsForex, CFDs, precious metals, equity indices, energies, commodities, and shares
    Demo Account✅
    Islamic Account✅
    LeverageUp to 1:30 (EU)/1:200 (International)
    EUR/USD SpreadFrom 0.2 pips
    Trading PlatformMT5
    Min Deposit$100
    Customer SupportTel: +357 25 262002
    Email: support@xglobalmarkets.com
    Twitter, Facebook and LinkedIn
    Company address: 162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus
    Regional RestrictionsAustria, Bangladesh, Belarus, Brazil, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong (China), Singapore, United Kingdom

    Founded in 2012, XGLOBAL is a regulated broker registered in Cyprus, offering trading in forex, CFDs, precious metals, equity indices, energies, commodities, and shares with leverage up to 1:200 and spread from 0.2 pips via the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $100.

    XGLOBAL

    Pros and Cons

    ProsCons
    Regulated by CYSECInaccessible website
    Various trading productsRevoked BaFin/FCA license
    Islamic and demo accountsRegional restrictions
    Tight spreads
    MT5 support
    Popular payment options
    No fees for deposits and withdrawals

    Is XGLOBAL Legit?

    Yes, XGLOBAL is regulatedby CySEC. However, the status of BaFin and FSA's licenses was revoked.

    CySEC
    		Cyprus Securities and Exchange Commission (CySEC)
    Current StatusRegulated
    Regulated byCyprus
    Regulated EntityX Global Markets Ltd
    License TypeMarket Making (MM)
    License No.171/12
    Regulated by CySEC
    BaFin
    		Federal Financial Supervisory Authority (BaFin)
    Current StatusRevoked
    Regulated byGermany
    Regulated EntityX Global Markets Ltd
    License TypeRetail Forex License
    License No.132843
    Revoked BaFin license
    FCA
    		Financial Conduct Authority (FCA)
    Current StatusRevoked
    Regulated byUnited Kingdom
    Regulated EntityX Global Markets Ltd
    License TypeEuropean Authorized Representative (EEA)
    License No.602404
    Revoked FCA license
    Domain information

    What Can I Trade on XGLOBAL?

    Tradable InstrumentsSupported
    Forex✔
    CFDs✔
    Precious Metals✔
    Equity Indices✔
    Energies✔
    Commodities✔
    Shares✔
    Cryptocurrencies❌
    Bonds❌
    Options❌
    ETFs❌

    Account Type

    Account TypeMin Deposit
    XG RAW$100
    XG ZERO

    Demo accounts and Islamic accounts are also available.

    Leverage

    XGLOBAL offers leverage following CySEC and VFSC regulations: European traders are eligible to use up to 1:30 leverage on major currency pairs; Clients of international entities can trade professionally with leverage of up to 1:200.

    XGLOBAL Fees

    Account TypeEUR/USD SpreadGBP/USD SpreadUSD/CHF SpreadCommission
    XG RAWFrom 0.2 pipsFrom 0.4 pips$7.50 per lot
    XG ZEROFrom 1.0 pipsFrom 1.2 pips❌

    Trading Platform

    Trading PlatformSupported Available Devices Suitable for
    MT5✔Desktop, Web, macOS, Android, and iOSExperienced traders
    MT4❌/Beginners

    Deposit and Withdrawal

    XGLOBAL has several payment methods: Bank Wire, Credit/Debit cards, Skrill, Neteller, etc. In addition, XGLOBAL does not charge any fees or commissions for deposits/withdrawals.

    News

    NewsWIKIFX REPORT: XGLOBAL enters South Africa FX/CFD market acquiring 98 Degrees

    Cyprus based, CySEC-licensed Retail FX and CFD brokerage group X GLOBAL Markets Ltd, which operates the XGLOBAL Markets brand, has announced a 45% acquisition of South African FSCA regulated broker 98 Degrees Alternative Risk (Pty) Ltd, which has now been rebranded as XGLOBAL Africa.

    WikiFX
    2022-07-29 13:54
    WIKIFX REPORT: XGLOBAL enters South Africa FX/CFD market acquiring 98 Degrees

    NewsXGLOBAL MARKETS ACQUIRES 98 DEGREES TO SET UP SHOP IN SOUTH AFRICA

    Cypriot FX broker XGLOBAL Markets has acquired a 45% stake in South African broker 98 Degrees Alternative Risk (Pty) Ltd. The new business has now been rebranded as XGLOBAL Africa to reflect the new ownership structure.

    WikiFX
    2022-03-07 10:20
    XGLOBAL MARKETS ACQUIRES 98 DEGREES TO SET UP SHOP IN SOUTH AFRICA
    About More

    User Reviews

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    User comment

    4

    Comments

    Write a review

    大卫55675
    more than one year
    XLOGAL is a fantastic broker and I am an existing client. My only advice will be that widen your trading instruments, xglobal. Yes, I also want to try some other investment portfolios.
    XLOGAL is a fantastic broker and I am an existing client. My only advice will be that widen your trading instruments, xglobal. Yes, I also want to try some other investment portfolios.
    Translate to English
    2023-02-24 14:50
    Reply
    0
    0
    FX1196563903
    more than one year
    The regulatory situation looks good, and it also provides the industry's famous MT4 and MT5 trading platforms, but the question is why did the website crash? Is anyone having the same problem as me?
    The regulatory situation looks good, and it also provides the industry's famous MT4 and MT5 trading platforms, but the question is why did the website crash? Is anyone having the same problem as me?
    Translate to English
    2023-01-31 09:49
    Reply
    0
    0
    53