FXGM-Overview Guide of This Broker

General Information & Regulation

FXGM is the trademark name of Depaho Ltd, which provides CFD trading services on foreign exchange, commodities, and stocks for retail and professional clients worldwide. Depaho Ltd holds licenses authorized by several regulatory bodies, such as the full license of Cyprus CySEC (license number 161/11), the retail foreign exchange license of Germany BaFin (license number 130520), the retail forex license of the BDF in French, the EU authorization license of the FCA of the UK (license number: 593528), the financial services enterprise license of the FSCA of South Africa (license number: 47709), and the retail foreign exchange license of the CNMV of Spain (license number: 3321), and the retail forex license of CONSOB of Italy (license number 3567)

Market Instruments

FXGM provides investors with a wide range of trading assets, mainly foreign exchange currency pairs, commodities, precious metals (gold & silver), indices, ETFs, cryptocurrencies, and stocks.

Minimum Deposit

Nine forex trading accounts are available on FXGM platform: the Basic, Discovery and the Silver. The minimum initial deposit to start a basic account is $200, quite reasonable compared with most brokers.

Leverage

The leverage of foreign exchange currency pairs, gold, silver, and oil in professional accounts is 1:200, the leverage of the remaining commodities is 1:100, the leverage of index CFDs is 1:100, and the leverage of single stock CFDs and exchange-traded funds is 1:10. Compared with professional accounts, the leverage of retail accounts is obviously much more conservative. For example, the leverage of major currency pairs is 1:30, 1:20 for gold and major indices, and 1:5 for single stocks and ETFs.

Spread & Commissions

The spread for EURUSD on the FXGM platform is 4 pips, gold 1 pip, silver 0.06 pips, Brent oil is 0.12 pips, the spread of ADX General is 20 pips, ASX200 4 pips, CAC40 4 pips, BitUSD 1300 pips, Ether 48 pips, Adidas stock 1.5 pips, ABB stock 1.5 pips.

Trading Platform

Instead of the most popular MT4/MT trading platform in the market, FXGM provides traders with WebPROfit and Mobile PROfit. WebPROfit is compatible with all major browsers, including Chrome, Firefox, IE, and many others, and investors can trade foreign exchange, commodities, and CFDs without downloading. Mobile PROfit, on the other hand, allows traders to access WebPROfit via cell phones and tablets.

Deposit and Withdrawal

FXGM supports traders to deposit and withdraw funds to and from their investment accounts through a series of convenient payment methods, such as VISA/MasterCard/Maestro credit/debit cards, wire transfer, Skrill, Neteller, PayPal, RAPID Transfer, MyBank, etc.

Trading Hours

The FXGM site is available to traders 24/7. The trading hours for each asset are given on the broker product sheet and depend on the market. For example, forex runs 24 hours a day from Sunday at 9 pm to Friday at 9 pm (GMT).

Accepted Regions

FXGM accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries. Traders can not use FXGM from United States, Canada, Belgium, Iran.