FXGM is a Cyprus-based forex and CFD broker that provides a wide range of trading assets through its intuitive interfaces.
FXGM is a trademark of ‘Depaho Ltd,’ which has been around since 2011. The company is headquartered in Nicosia, Cyprus, but also operates in South Africa and Spain. FXGM provides more than 200 trading instruments, including currency pairings, stock CFDs, indices, exchange-traded funds (ETFs), cryptocurrencies, and commodities.
All customer orders are accepted and routed to the broker’s pre-selected execution venue, according to FXGM’s order execution policy. There are no conflicts of interest since FXGM is a wholly owned subsidiary of FXGM.
FXGM offers a variety of trading tools to aid customers in their day-to-day trading activities. Numerous simple payment methods are available, as well as a variety of account kinds intended to suit the requirements of the majority of traders.
FXGM Regulation
The Cyprus Securities and Exchange Commission (CySEC) has licenced and approved FXGM under licence number 161/11.
Depaho Ltd, the operator of the FXGM brand, is a Cyprus investment company (CIF) established in Cyprus and a member of the Investor Compensation Funds (ICF). The ICF provides an extra layer of protection for investors’ funds by insuring them against broker insolvency. As a result, even if FXGM ceases operations immediately, the ICF may be able to compensate qualified consumers up to €20,000.
Depaho Ltd has been licenced as a financial service provider (FSP) by South Africa’s Financial Sector Conduct Authority (FSCA). 47709 is the authorization code.
Customers’ money are held in segregated bank accounts with reputable European financial institutions. Due to the fact that the funds are different, FXGM should not be allowed to utilise investors’ money for its own purposes. The money must be audited and stored securely.
Customer Support
Monday to Friday, from 7 to 7 the FXGM multilingual customer support desk is open. They may be contacted via a variety of telephone, fax, and email addresses.
If you’d like to talk with someone, you have two options: immediate online chat or WhatsApp. Prospective customers and general inquiries may use the contact us section of the website to submit a ‘Assistance Request Form.’
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FXGM Trading Platform
FXGM clients have access to a web-based platform dubbed “WebPROfit.” The platform was created with traders in mind, with cutting-edge features that enable efficient trading and market research. WebPROfit is a user-friendly platform that is ideal for both novice and expert traders. Additionally, it may be customised, and assistance is available straight from the platform.
This is the WebProfit trading platform’s mobile-friendly version. It has all of the functionality of the full platform, but is only available on mobile devices. PROfit’s trading application is compatible with iOS and Android devices. The applications are available for download from the Apple App Store and Google Play Store.
This advantageous analytical tool is available through the WebPROfit platform and the FXGM website. Economic calendars indicate the date, time, money involved, and significance of economic activities. Additionally, it depicts the past and expected effect of the event on the currency. When you click on an event, a comprehensive analysis with three tabs appears: overview, chart, and history.
You may trade the following instruments on FXGM
- Forex
- Indices
- Commodities
- Exchange-Traded Funds
- Cryptocurrencies
Account Types
Account balances in a basic account vary from $200 to $1,999. Clients get free training, access to Autochartist, trading insider, and a personal account manager, among other benefits.
The Discovery account has a price range of $2,000 to $4,999. In addition to the basic account’s advantages, members of the Discovery account get a 5% rollover discount and a 5% pricing reduction.
Account balances in a Silver account vary from $5,000 to $9,999. Customers get a 10% price reduction and a 10% rollover discount.
Gold account: This account has a value of between $10,000 and $14,999. Account holders get a 15% discount on purchases, as well as a 15% discount on rollovers.
A diamond account ranges in price from $15,000 to $29,999. This account may be eligible for a 20% rollover discount in addition to a 20% pricing reduction.
A VIP account requires a minimum balance of $30,000, with no maximum limit. VIP account members get a 25% rollover discount in addition to a 25% pricing reduction.
Deposits and withdrawals
Transfer via bank: Wire transfers are accepted both domestically and internationally. Processing may take up to five business days at the bank.
Visa, Mastercard, and Maestro credit/debit cards are all accepted. Payments in most cases are processed as it happens.
Online payment options supported include Klarna, ecoPayz, Trustly, and easyEFT. Payments are handled immediately upon receipt.
PayPal, Neteller, and Skrill are all instances of e-wallets that have been authorised. You may use them to make both deposits and withdrawals. Payments are often processed quickly.
FXGM Verdict
FXGM is a regulated and professional broker with a long history of constantly improving its services. The broker makes use of cutting-edge trading technologies to guarantee that transactions are executed quickly and efficiently in a variety of market circumstances. On its own web-based platform, it offers over 200 trade goods.
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