XGLOBAL Markets-Some Important Points about This Broker

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.

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

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 However, the status of BaFin and FSA's licenses was revoked.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?

Account Type

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

Trading Platform

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.