XGLOBAL Markets-Some Important Points about This Broker

Note: XGLOBALs official site - 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.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature	Detail
Registered Country/Region	Cyprus
Found	2012
Regulation	CYSEC & BaFin
Market Instrument	forex, CFDs, precious metals, energy, indices, cryptocurrencies, etc
Account Type	XG RAW, XG STANDARD and XG ISLAMIC
Demo Account	N/A
Maximum Leverage	1:200
Spread (EUR/USD)	From 0.2 pips
Commission	XG STANDARD: no; XG RAW: $7.50 per lot
Trading Platform	MT4, MT5
Minimum Deposit	$100
Deposit & Withdrawal Method	debit/credit cards, bank wire transfers, e-wallets and internal transfers

XGLOBAL, a trading name of XGLOBAL Markets Ltd, is an online broker registered in Cyprus and founded in 2012, offering Forex and CFD trading mainly through the MT4 and MT5 platforms.

XGLOBAL is regulated by the Cyprus Securities and Exchange Commission (CySEC) (License No. 171/12) and is also registered with the UK Financial Conduct Authority (FCA) (Registration No. 602404), plus German Federal Financial Supervisory Authority (BaFin) (BaFIN ID 132843). Also, as a European investment firm, XGLOBAL' legal infrastructure and operational policies are in compliance with the MiFID II Directive.

Note: The screenshot date is January 30, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

XGLOBAL offers investors a wide range of financial instruments, including forex, CFDs, precious metals, energy, indices, cryptocurrencies, etc.

Account Types

XGLOBAL has three account types for investors to choose from, namely, the XG RAW account, the XG STANDARD account and the XG ISLAMIC account in swap-free. The minimum deposit for all three types of accounts is 100 USD equivalent.

Leverage

Professional traders can use a leverage level of 1:200. However, due to ESMA restrictions, the maximum leverage available to retail clients is 1:30. The margin call level is 100%.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

Spreads vary depending on the type of account and asset. For the XG RAW account, the spreads are 0.2 pips for EURUSD and GBPUSD, and 0.4 pips for USDCHF. With regard to the XG STANDARD account, spreads are obviously wider, 1 pip for EURUSD, 1 pip for GBPUSD and 1.2 pips for USDCHF.

In addition, XGLOBAL charges a commission of $7.50 per lot for the former, while the latter has no commission.

Trading Platform

XGLOBAL offers its clients access to the world's financial markets through the MT4 and MT5 platforms, which are considered to be the latest online Forex and CFD trading platforms available and are suitable for professional or experienced investment clients. They offer a built-in automated trading market and also support both PC and mobile use.

Deposit & Withdrawal

Clients of XGLOBAL can deposit/withdraw funds via debit/credit cards, bank wire transfers, e-wallets and internal transfers. In addition, XGLOBAL does not charge any fees or commissions for deposits/withdrawals, but the company does not process any withdrawal requests to third-party accounts.

Trading Hours

Clients can use the client portal and website at any time, but the trading hours depend on the specific market. XGLOBAL lists the opening hours for each asset in its product description, for example, forex can be traded 24 hours a day, Monday to Friday.

Customer Support

XGLOBALs customer support can be reached by telephone: +357 25 262002, email: support@xglobalmarkets.com. You can also follow this broker on social networks such as Twitter, Facebook and LinkedIn. Company address: 162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus.

Pros & Cons

Pros	Cons
• Regulated by CYSEC & BaFin	• FCA license is revoked
• Multiple trading assets and funding options	• Website inaccessible
• MT4 and MT5 supported

Frequently Asked Questions (FAQs)

Q 1:	Is XGLOBAL regulated？
A 1:	Yes. It is regulated by CYSEC & BaFin.

Q 2:	At XGLOBAL, are there any regional restrictions for traders？
A 2:	Yes. XGLOBAL accepts traders from Austria, Bangladesh, Belarus, Brazil, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong (China), Singapore, United Kingdom and most other countries.

Q 3:	Does XGLOBAL offer the industry-standard MT4 & MT5？
A 3:	Yes. Both MT4 and MT5 are available.

Q 4:	What is the minimum deposit for XGLOBAL？
A 4:	The minimum initial deposit to open an account is $100.

Q 5:	Is XGLOBAL a good broker for beginners？
A 5:	Yes. XGLOBAL is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. However, the official site is somehow unavailable currently.