XGLOBAL Markets-Some Important Points about This Broker

WikiFX | 2024-12-24 17:18

Ikhtisar：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 However, the status of BaFin and FSA's licenses was revoked.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	$100

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.