Is FXGM legit?

By FXGM, from South Africa, October 12, 2018 at 01:54 PM

Would like to know if the company is Legit

Answer: Hi FXGM,

Hi there

We believe you are referring to FXGM is a forex broker owned by Depaho Ltd with licenses from Cyprus Securities and Exchange Commission (CySEC) and South Africa’s Financial Sector Conduct Authority (FSCA), so it is legit. 


However, also in our finding that FXGM was fined €233,000 by CySEC in 2015 for non-compliance upto 10 subjects. You can find the announcement here

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