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FXGM Review

Broker Information Security Popularity Payment Spec Instruments Score
Security A
Popularity E
Payment A
Spec A
Instrument D
A
E
A
A
D
score 53
FXGM
  Regulation 100  
FCA
BaFin
CySEC
ESMA
FSCA
  Security 88  
Segregated accounts
Established more than 10 years
  Instrument 64  
Forex
Index
  Platform 0
  Payment 96  
Credit/debit card
PayPal
Neteller
Skrill
Wire
  Features 61  
Bonus
Education
Manage
  Spec 100  
Islamic account
Hedging
Fixed Spread
Swap

💲 Min Deposit $200

Year Established 2011

💼 Regulation

💡 Min Position 0.1 lot

🌐 Website www.fxgm.com

🌎 Country GermanyFranceSpainItalyCyprusUnited KingdomSouth AfricaEuropean area

Max Leverage 1:30

💰 Bonus offers

📖 Free education

📊 MAM

📁 Segregated accounts

🕋 Islamic accounts available

FXGM is a well-established broker since 2011. FXGM has headquarters in Germany, France, Spain, Italy, Cyprus, United Kingdom, South Africa and European area. FXGM to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by BaFin 130520, Banque de France 74353, CNMV 3321, CONSOB (Italy) 3567, CySEC 161/11, FCA 593528, FSCA 47709 and ESMA.


Account Information

Apart from the forex demo account, this broker offers Standart and VIP. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FXGM is up to 1: 30. Meanwhile, you can open an account with a starting capital of $200.

pin

Min Deposit

$200

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Max Leverage

1:30

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Spread

Fixed

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $200

💡 Min Position 0.1 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

Pending orders

1️⃣ One-click trading

💸 Commission

Instruments Traded

Besides lots of currency pair, FXGM also offers some instruments you would like to trade on, such as Forex and Indexes for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Standart account, FXGM specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Indexes

Indexes
1:20


💲 Min Deposit $100000

💡 Min Position 0.1 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Pending orders

1️⃣ One-click trading

💸 Commission

Instruments Traded

Besides lots of currency pair, FXGM also offers some instruments you would like to trade on, such as Forex and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for VIP account, FXGM specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Payment Methods

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

FXGM also provides payment with Credit/debit cards



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, FXGM offers you PROfit.

Customer Support

Do you have any question or find any trouble related to FXGM? If you do, you should reach FXGM's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

English
French
Italian
Polish
Spanish

Office Support

Email Support

Call Support

Chat Support



FAQ About FXGM

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FXGM is a good broker for you or not by reviewing the criteria. In general, FXGM provides trading service in Forex , Indexes and CFD . As for the payment methods, you can choose between Credit/debit cards, Neteller, PayPal, Skrill and Wire transfer. The customer support is available via Callback, Email, Live chat, Phone and Skype.


The starting capital in FXGM is $200.


FXGM is regulated by BaFin 130520, Banque de France 74353, CNMV 3321, CONSOB (Italy) 3567, CySEC 161/11, FCA 593528, FSCA 47709 and ESMA. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


FXGM is a brokerage company offering trading services for clients since 2011 with offices in Germany, France, Spain, Italy, Cyprus, United Kingdom, South Africa and European area.



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