Leverage: 1:30 | 1:200
Regulation: CySEC, VFSC
Min. Deposit: $100
HQ: Cyprus
Platforms: MT5
Found in: 2012
XGLOBAL Markets is a European Forex and CFD trading broker offering a wide range of FX, Precious Metals, Equity Indices, Energies, Commodities, and Shares. In addition, the firm provides OTC derivatives for self-directed traders, as well as a portfolio management service.
Based on Limassol, Cyprus, as we found, the broker is fully licensed by the Europen Cyprus Securities and Exchange Commission (CySEC) and in accordance with Law 144(1)/2007 is a member of the Investor Compensation Fund (ICF). The company also carries an international Vanuatu Financial Services Commission (VFSC) license as a Dealer in Securities so is available for clients almost from everywhere. Yet, The international entity does not offer its services to residents of the USA, Syria, Iran, and North Korea.
We found the broker provides secure and reliable trading services through the industry’s popular MT5 platform, offering a good variety of market instruments with tight spreads and no commission fees. Additionally, the broker offers a wide choice of account types for beginners, professionals, corporate clients, as well as for traders who accept Sharia law, so is quite a balanced offering overall.
For the cons, the trading conditions and regulations may vary depending on the entity, also international regulations is much lower, and there is no 24/7 customer support.
| Advantages | Disadvantages |
|---|---|
| CySEC-regulated broker with competitive trading conditions | Conditions might vary based on the entity |
| Available for European and international traders | No 24/7 customer support |
| MT5 trading platform | |
| Commission-free trading with competitive and tight spreads | |
| Range of trading instruments | |
| Member of Investor Compensation Fund | |
| Wide choice of account types |
| 🏢 Headquarters | Cyprus |
| 🗺️ Regulation | CySEC, VFSC |
| 🖥 Platforms | MT5 |
| 📉 Instruments | Forex, CFDs, Precious Metals, Equity Indices, Energies, Commodities, Shares |
| 💰 EUR/USD Spread | 0.2 pips |
| 🎮 Demo Account | Available |
| 💳 Minimum Deposit | $100 |
| 💰 Base Currencies | EUR, USD, GBP, CHF |
| 📚 Education | Provided |
| ☎ Customer Support | 24/5 |
Based on our research the broker provides good secure trading conditions with competitive spreads and commission-free trading fees.
| Ranking | XGLOBAL Markets | Deriv | ATFX |
|---|---|---|---|
| Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Advantages | Spreads | Trading Fees | Trading Conditions |
While the brokerage firm provides advanced trading solutions at competitive prices, there are other brokers in the market who offer comparable services. Therefore, we have conducted a thorough analysis and compiled a list of the top competitors that you can consider:
According to our findings, the brokerage company has been recognized several times by international investors for its reliable trading services and financial technology over the past few years. This is a good point since Broker is taking care of its reputation so is multiply verified by various institutions.
No, XGLOBAL Markets is not a scam. The brokerage company is trustworthy and adheres to strict rules and guidelines set by CySEC (Cyprus), a European regulatory body that oversees the broker’s operations so is considered safe.
Yes, XGLOBAL Markets is a legit and regulated broker.
The strict regulatory requirements enhance the safety and confidence of traders who choose to trade with the brokerage firm.
See our conclusion on XGLOBAL Markets Reliability:
| XGLOBAL Markets Strong Points | XGLOBAL Markets Weak Points |
|---|---|
| Negative balance protection based on accounts types | Regulatory standards and protection vary based on the entity |
| Segregated accounts | |
| Compensation Fund protection based on accounts types | |
| Access to financial ombudsman |
As a regulated broker, the company is committed to safeguarding its clients’ funds by separating them from the firm’s accounts and not utilizing them for operational purposes. We also discovered that the firm offers several protective measures, such as negative balance protection during times of market volatility or unforeseen events, as well as investor compensation fund protection and access to the financial ombudsman, which further enhances the safety of traders’ accounts.
Leverage is a useful tool that allows traders to access the market with less capital, but it also has the potential to result in significant profits or losses depending on its usage. Therefore, it is essential to have a thorough understanding of how leverage operates and its potential consequences before engaging in trading activities that involve leverage.
XGLOBAL Markets leverage is offered according to CySEC and VFSC regulations:
Based on our Broker analysis traders can choose from three different account types when selecting XGLOBAL Markets as their trading broker: XG RAW, XG ZERO, and XG ISLAMIC, each offering unique trading options. In addition, professional and corporate clients can access specialized accounts, so might suit different trading needs.
Furthermore, new traders have the opportunity to use a Demo account at no cost, allowing them to practice trading and make trial trades.
| Pros | Cons |
|---|---|
| Fast and easy account opening | None |
| Islamic and Demo accounts | |
| Account base currencies USD, EUR, GBP, CHF | |
| Hedging and Scalping |
Opening an account with a broker is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:
On our test trade, XGLOBAL Markets offers a diverse range of trading instruments, including Forex, CFDs, Precious Metals, Equity Indices, Energies, Commodities, and Shares. International entity’s clients can also access leverage up to 1:200 on the international entity, which can potentially increase profits while managing risks effectively.
For the fees, XGlobal offers commission-free trading and does not charge any fees for deposits or withdrawals, thus providing traders with a cost-effective solution.
However, we discovered that the broker does enforce an inactivity fee for accounts that remain inactive for more than 12 months.
| Fees | XGLOBAL Markets Fees | Deriv Fees | ATFX Fees |
|---|---|---|---|
| Deposit fee | No | No | No |
| Withdrawal fee | No | No | Yes |
| Inactivity fee | Yes | Yes | No |
| Fee ranking | Low | Low | Low |
As per our research, traders can choose tight and floating spreads for their XGLOBAL Markets trading accounts, with an average spread of 0.2 pips available for the popular EUR/USD currency pair in Forex trading, which is lower than the industry average and is definitely a good point.
Moreover, the broker provides competitive spreads for other trading instruments, making it an attractive option for traders operating in various markets.
| Asset/ Pair | XGLOBAL Markets Spread | Deriv Spread | ATFX Spread |
|---|---|---|---|
| EUR USD Spread | 0.2 pips | 0.1 pips | 1.8 pips |
| Crude Oil WTI Spread | 0.035 | 3 | 3 |
| Gold Spread | 0.11 | 1 | 1 |
Traders have a wide range of deposit and withdrawal options available, including bank transfers, credit/debit cards, e-wallets, and internal transfers for money transfers to or from their trading accounts. However, it is essential to keep in mind that each funding method might have specific requirements and limitations depending on the involved financial institutions, also the country you reside in, and the entity of the XGlobal you trade through.
Here are some good and negative points for XGLOBAL Markets funding methods found:
| XGLOBAL Markets Advantage | XGLOBAL Markets Disadvantage |
|---|---|
| Fast digital deposits | Methods and fees might vary in each entity |
| No deposit and withdrawal fees | |
| Multiple account base currencies |
In terms of funding methods, XGLOBAL Markets offers the following payment methods:
To open a live trading account with the broker, you need to deposit $100 as an initial deposit amount, which is considered a very good offering overall.
XGLOBAL Markets minimum deposit vs other brokers
| XGLOBAL Markets | Most Other Brokers | |
| Minimum Deposit | $100 | $500 |
The broker states that traders can easily and swiftly withdraw their funds, as withdrawals are processed on the same business day during operating hours.
XGLOBAL Markets offers MetaTrader 5 trading platform to its clients, which is a popular and widely used platform in the financial markets. MT5 is known for its advanced charting capabilities, technical analysis tools, and customizable interface, making it an ideal platform for both novice and experienced traders.
Our research also revealed that the platform is available for download on various devices, including Desktop, Web, macOS, Android, and iOS, ensuring traders to can access their trading accounts from anywhere and at any time.
Traders have access to advanced charting capabilities, with multiple chart types, timeframes, and technical indicators to assist with market analysis. The platform also provides a built-in economic calendar, which shows scheduled events and news releases that could affect the markets, allowing traders to plan their trades accordingly. Traders can also copy trade from other traders, or create and share their own trading signals with the community.
Additionally, the MT5 platform allows for automated trading with the use of Expert Advisors (EAs) and algorithmic trading, making it an excellent option for traders who prefer a more hands-off approach to trading.
| Platforms | XGLOBAL Markets Platforms | Deriv Platfroms | ATFX Platforms |
|---|---|---|---|
| MT4 | No | No | Yes |
| MT5 | Yes | Yes | No |
| cTrader | No | No | No |
| Own Platforms | No | Yes | No |
| Mobile Apps | Yes | Yes | Yes |
Traders have access to 24/5 customer support through the Phone line, Fax, and Email at XGLOBAL Markets. Also, the support team comprises trading experts who can provide assistance with technical issues, analysis recommendations, general inquiries, and operational problems.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
| Availability of phone, fax, and email | No 24/7 customer support |
| Quick responses | No live chat |
| Relevant answers |
Lastly, you can access the broker’s “Learn Center” section on the website, covering a wide range of topics such as Forex trading, technical analysis, fundamental analysis, and trading psychology. However, we discovered during our research that the broker does not offer seminars, webinars, or research materials to its clients so might be good to consider other Brokers who offer better education.
In conclusion, XGLOBAL Markets offers quite competitive trading conditions, with access to a range of instruments across various markets. With the use of the MT5 trading platform, there are many trading tools and features available to enhance the trading experience. The broker also provides various account types suitable for different trading styles, including a free Demo account for new traders to practice and improve their skills.
Additionally, traders can enjoy commission-free trading and a variety of funding options for easy and fast deposits and withdrawals. While we note the broker does not offer comprehensive educational resources, its customer support team provides 24/5 assistance to traders with their inquiries and issues.
Overall, XGLOBAL Markets is a reliable and cost-effective option for traders looking for a regulated broker to execute their trades. However, we advise conducting extensive research before choosing XGLOBAL Markets as a trading broker to ensure that it meets your trading needs.
Based on Our findings and Financial Expert Opinions XGLOBAL Markets is Good for:
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