XGLOBAL Markets-Some Important Points about This Broker
abstrak：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.
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 | |
| Founded | 2012 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC, BaFin/FCA (Revoked) |
| Market Instruments | Forex, CFDs, precious metals, equity indices, energies, commodities, and shares |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:30 (EU)/1:200 (International) |
| EUR/USD Spread | From 0.2 pips |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Tel: +357 25 262002 |
| Email: support@xglobalmarkets.com | |
| Twitter, Facebook and LinkedIn | |
| Company address: 162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus | |
| Regional Restrictions | Austria, 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.
Pros and Cons
| Pros | Cons |
|---|---|
| Regulated by CYSEC | Inaccessible website |
| Various trading products | Revoked BaFin/FCA license |
| Islamic and demo accounts | Regional 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 However, the status of BaFin and FSA's licenses was revoked.
 | Cyprus Securities and Exchange Commission (CySEC) |
| Current Status | Regulated |
| Regulated by | Cyprus |
| Regulated Entity | X Global Markets Ltd |
| License Type | Market Making (MM) |
| License No. | 171/12 |
 | Federal Financial Supervisory Authority (BaFin) |
| Current Status | Revoked |
| Regulated by | Germany |
| Regulated Entity | X Global Markets Ltd |
| License Type | Retail Forex License |
| License No. | 132843 |
 | Financial Conduct Authority (FCA) |
| Current Status | Revoked |
| Regulated by | United Kingdom |
| Regulated Entity | X Global Markets Ltd |
| License Type | European Authorized Representative (EEA) |
| License No. | 602404 |
What Can I Trade on XGLOBAL?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Precious Metals | ✔ |
| Equity Indices | ✔ |
| Energies | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min 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 Type | EUR/USD Spread | GBP/USD Spread | USD/CHF Spread | Commission |
| XG RAW | From 0.2 pips | From 0.4 pips | $7.50 per lot | |
| XG ZERO | From 1.0 pips | From 1.2 pips | ❌ | |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Web, macOS, Android, and iOS | Experienced 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.
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