User Reviews
More
User comment
7
CommentsWrite a review
Score
Cyprus
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
Spain Retail Forex License Revoked
Suspicious Overrun
High potential risk
Influence
Add brokers
Comparison
Quantity 17
Exposure
Score
Regulatory Index0.00
Business Index7.59
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
More
Company Name
Depaho Ltd
Company Abbreviation
FXGM
Platform registered country and region
Cyprus
Company website
Company summary
Pyramid scheme complaint
Expose
The withdrawal is unavailable. The manager is disappeared.
As long as I deposited several hundred dollars, the account manager disappeared.
There is only deposit channel in this platform. Having this exposed, I hope you avoid being cheated.
The backstage is almost a facade, in which there is no deposit or trading record, let alone withdrawal. My balance has become 0. FXGM refreshes my cognition.
The withdrawal is unavailable in this scam platform. Be careful!!!
Having deposited $100, I couldn’t make withdrawal. The platform is out of contact.
I deposited the day before yesterday. Having made some profits, my account was banned. Hope you stay away.
Having traded for some while, I couldn’t withdraw my fund. The service is out of contact. After inquiring them by email, my account was banned in 10 minutes. I’ve never seen such a scam platform before.
As long as you deposit in this platform, your fund will be doomed.
The withdrawal hasn’t been received for 1 week.The customer service didn’t respond.
FXGM said that I need to ask the agent to open a funding channel, which no agent is contactable. The withdrawal is unavailable.
These thugs entice you to deposit, they offer you forbidden bonuses, and they entice you to open a very risky operation to deposit, they classify you as a professional customer, without the stipulation by ESMA, they do not allow you to withdraw, I filed a complaint, and the police finally confirmed.
The customer service doesn’t respond.We, 8 persons can not withdraw.
The withdrawal has been unavailable for one week.The customer service doesn’t respond.
The withdrawal applied on November 20th hasn’t been received on 25th yet.Both the customer service and the brokerage give no respond.Is the platform a scam?
planned R3500 minimum turned to R43500 loss FGM does not follow their own policy, they recruite unexperienced traders and use their profetional skills deceiving and convinsing them to increase their capital after a minimum deposit is recieved in pretense it's "advantageous" for new traders as positions are "protected"[3b] however you endup loosing it all, Sulav c.s contacted me and handed me to Peter also c.s,I sent them an email about my experience but they ignored me as if I did not matter.
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.
More
User comment
7
CommentsWrite a review