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FXGM Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.fxgm.com..., the company's legitimate regulatory information CyprusCYSECDerivatives Trading License (MM), South AfricaFSCADerivatives Trading License (EP) to enhance the security of the company's address Agias Fulaxeos & Amisou 134, Annissa Court, 4th Floor, 3087 Limassol, Cyprus

FXGM Forex Broker

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FXGM

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General Information & Regulation FXGM is the trademark name of Depaho Ltd, which provides CFD trading services on foreign exchange, commodities, and stocks for retail and professional clients worldwide. Depaho Ltd holds licenses authorized by several regulatory bodies, such as the full license of Cyprus CySEC (license number 161/11), the retail foreign exchange license of Germany BaFin (license number 130520), the retail forex license of the BDF in French, the EU authorization license of the FCA of the UK (license number: 593528), the financial services enterprise license of the FSCA of South Africa (license number: 47709), and the retail foreign exchange license of the CNMV of Spain (license number: 3321), and the retail forex license of CONSOB of Italy (license number 3567) Market Instruments FXGM provides investors with a wide range of trading assets, mainly foreign exchange currency pairs, commodities, precious metals (gold & silver), indices, ETFs, cryptocurrencies, and stocks. Minimum Deposit Nine forex trading accounts are available on FXGM platform: the Basic, Discovery and the Silver. The minimum initial deposit to start a basic account is $200, quite reasonable compared with most brokers. Leverage The leverage of foreign exchange currency pairs, gold, silver, and oil in professional accounts is 1:200, the leverage of the remaining commodities is 1:100, the leverage of index CFDs is 1:100, and the leverage of single stock CFDs and exchange-traded funds is 1:10. Compared with professional accounts, the leverage of retail accounts is obviously much more conservative. For example, the leverage of major currency pairs is 1:30, 1:20 for gold and major indices, and 1:5 for single stocks and ETFs. Spread & Commissions The spread for EURUSD on the FXGM platform is 4 pips, gold 1 pip, silver 0.06 pips, Brent oil is 0.12 pips, the spread of ADX General is 20 pips, ASX200 4 pips, CAC40 4 pips, BitUSD 1300 pips, Ether 48 pips, Adidas stock 1.5 pips, ABB stock 1.5 pips. Trading Platform Instead of the most popular MT4/MT trading platform in the market, FXGM provides traders with WebPROfit and Mobile PROfit. WebPROfit is compatible with all major browsers, including Chrome, Firefox, IE, and many others, and investors can trade foreign exchange, commodities, and CFDs without downloading. Mobile PROfit, on the other hand, allows traders to access WebPROfit via cell phones and tablets. Deposit and Withdrawal FXGM supports traders to deposit and withdraw funds to and from their investment accounts through a series of convenient payment methods, such as VISA/MasterCard/Maestro credit/debit cards, wire transfer, Skrill, Neteller, PayPal, RAPID Transfer, MyBank, etc. Trading Hours The FXGM site is available to traders 24/7. The trading hours for each asset are given on the broker product sheet and depend on the market. For example, forex runs 24 hours a day from Sunday at 9 pm to Friday at 9 pm (GMT). Accepted Regions FXGM accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries. Traders can not use FXGM from United States, Canada, Belgium, Iran.
How to login to FXGM?

FXGM Similar Brokers

Latest Reviews

Pros
Wide range of trading instruments, including forex, CFDs, commodities, and cryptocurrencies.
Regulated by multiple financial authorities, enhancing trust and security for traders.
User-friendly trading platform with mobile access, suitable for both beginners and experienced traders.
Cons
Negative reviews regarding customer service and aggressive sales tactics, which may deter potential clients.
Withdrawal processes can be slow and cumbersome, leading to frustration among users.
Lack of popular trading platforms like MT4 or MT5, limiting options for traders who prefer those systems.

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
Depaho Ltd
Abbreviation
FXGM
Company employee
--
Customer Service Email Address
info@fxgm.com
Contact Number
+35722030082
Company Website
Company Address
Agias Fulaxeos & Amisou 134, Annissa Court, 4th Floor, 3087 Limassol, Cyprus
How to login to FXGM?
fxgm Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a fxgm Account Registering for an fxgm account is the first step towards accessing the platform's trading services. Heres how to complete the fxgm registration process effectively: Step 1: Accessing the Registration Page Navigate to the official fxgm website (www.fxgm.com) and locate the "Open Live Account" button, typically found on the homepage. Alternatively, you may find direct links to register on promotional banners or in the main menu. Step 2: Filling in Required Information Fill out the registration form with your personal details, including your full name, email address, phone number, and preferred password. Ensure that the information is accurate to avoid issues later in the verification process. Step 3: Email/Phone Verification After submitting your details, you will receive a verification email or SMS. Click on the link provided in the email or enter the verification code sent to your phone. This step is crucial for validating your contact information. Step 4: Identity Verification (if required) Depending on your region, you may need to upload identification documents, such as a passport or driver's license, along with a utility bill for address verification. This step helps ensure compliance with regulatory requirements. Step 5: Registration Confirmation Once all the information is verified, you will receive a confirmation email indicating that your fxgm registration is complete. This email will also provide details on how to proceed with account opening. Common Registration Issues and Solutions Issue: Not receiving a verification email/SMS. Solution: Check your spam folder or ensure that you entered the correct email/phone number. If the problem persists, contact fxgm customer support. Issue: Identity verification documents are rejected. Solution: Ensure that the documents are clear and meet the required specifications. Contact support for clarification on the requirements. Regional Differences in Registration Users from different regions may face varying registration requirements. For instance, fxgm South Africa (fxgm.co.za) has specific regulations, requiring additional documentation due to local financial laws. Make sure to check the region-specific requirements before starting the registration process. Part Two: fxgm Account Opening Detailed Guide Understanding Account Opening vs. Registration While registration is the initial step to create an account, opening an account involves selecting the type of account you wish to trade with and providing any additional information needed for trading activities. Preparation Work Before Account Opening Before you proceed with fxgm account opening, gather the necessary documentation, including: A valid government-issued ID (passport or drivers license). Proof of address (utility bill or bank statement). Any additional documents required based on your selected account type. Detailed Account Opening Steps Step 1: Selecting Account Type Choose from various account types offered by fxgm, such as Basic, Discovery, Silver, Gold, Diamond, or VIP accounts. Each type has different minimum deposit requirements and features. Step 2: Submitting Required Documents Upload the necessary identification and proof of address documents as specified during the registration process. Ensure all documents are clear and legible. Step 3: Account Review Process Once your documents are submitted, fxgm will review them. This process typically takes 1-2 business days. You will be notified via email about the status of your application. Step 4: Account Activation Upon successful review, your account will be activated. You will receive an email confirmation along with instructions on how to log in. Step 5: Initial Setup After activation, log in to your account and set up your trading preferences. This may include configuring your trading platform, setting up alerts, and funding your account. Frequently Asked Questions About Account Opening Q: What is the minimum deposit for opening an account? A: The minimum deposit varies by account type, starting from $200 for the Basic account. Q: How long does the account opening process take? A: The account review process typically takes 1-2 business days, depending on the volume of applications. Next Steps After Opening an Account Once your account is opened and activated, consider funding your account to start trading. Familiarize yourself with the trading platform by exploring its features and tools available for effective trading. Part Three: fxgm Login Process Explained Basic Web Login Process To access your fxgm trading account, follow these straightforward steps: Step 1: Visit the fxgm Website Go to the fxgm homepage (www.fxgm.com). Step 2: Locate the Login Button Click on the “Login” button, usually found at the top right corner of the homepage. Step 3: Enter Your Credentials Input your registered email address and password in the login fields provided. Step 4: Complete Any Security Checks If prompted, complete any CAPTCHA or two-factor authentication (2FA) to enhance security. Step 5: Click on Login Press the “Login” button to access your account dashboard. Mobile App Login Process If you prefer trading on the go, you can download the fxgm mobile application available for both iOS and Android devices. The login process is similar: Open the app, enter your credentials, and complete any security checks. Other Login Methods Fxgm may also offer Single Sign-On (SSO) options or third-party authentication methods, depending on your region and account settings. Check the login page for additional options. Common Login Issues and Solutions Issue: Forgotten password. Solution: Click on the “Forgot Password” link on the login page and follow the instructions to reset your password. Issue: Account lockout. Solution: If your account is locked due to multiple failed login attempts, contact fxgm support for assistance. Issue: Technical issues while logging in. Solution: Ensure your internet connection is stable. Clear your browsers cache or try logging in from a different browser or device. Overview of Features After Login Once logged in, you will have access to your trading dashboard, account settings, market analysis tools, and trading platforms. Familiarize yourself with these features to enhance your trading experience. Additional Sections Account Security Recommendations To ensure the security of your fxgm account: Use strong, unique passwords and change them regularly. Enable two-factor authentication (2FA) if available. Regularly monitor your account activity for any unauthorized transactions. Best Practices for Account Management Keep your personal information updated. Set up alerts for important trading events or account changes. Regularly review your trading history and performance. How to Get Technical Support If you encounter any issues or have questions, reach out to fxgms customer support via: Live chat on their website. Email support at their official contact address. Phone support during business hours. This guide provides a comprehensive overview of the fxgm registration, account opening, and login processes, ensuring you have the necessary information to navigate the platform effectively. For further assistance, always refer to the official fxgm website or contact their support team.

FXGM Forex Broker - Complete Information Guide

1. Broker Overview

FXGM, a trading name of Depaho Ltd, was established in 2011. The company is headquartered in Nicosia, Cyprus, and operates as a private entity. FXGM primarily serves retail traders across Europe and South Africa, providing them with access to a wide array of financial instruments, including forex and CFDs. Over the years, FXGM has built a reputation within the trading community, focusing on enhancing its trading technology and service offerings.

Since its inception, FXGM has expanded its operations beyond Cyprus, establishing a branch in South Africa to cater to a broader clientele. The broker has consistently aimed to improve its trading conditions and transparency, which has contributed to its standing in the international trading community.

FXGM operates under a market maker model, offering various trading services to individual and institutional clients. Its commitment to providing a user-friendly trading environment is evident in the features and tools it offers to its clients, making it an attractive option for both novice and experienced traders.

2. Regulation and Compliance Information

FXGM is regulated by several financial authorities, ensuring that it adheres to strict standards of operation. The primary regulatory bodies overseeing FXGM include:

  • Cyprus Securities and Exchange Commission (CySEC) - License No: 161/11
  • Financial Sector Conduct Authority (FSCA) in South Africa - License No: 47709
  • Comisión Nacional del Mercado de Valores (CNMV) in Spain - License No: 123

While FXGM was previously regulated by multiple authorities, it is important to note that its CySEC license has been suspended due to compliance issues. As a result, the broker currently operates under the supervision of the FSCA in South Africa.

FXGM ensures the segregation of client funds, holding them in separate accounts to protect against potential insolvency. The broker also participates in an investor compensation fund, which provides additional security to clients. Furthermore, FXGM implements robust KYC (Know Your Customer) and AML (Anti-Money Laundering) measures to protect client interests and maintain compliance with regulatory standards.

3. Trading Products and Services

FXGM offers a diverse range of trading products, catering to various trading preferences. The main trading instruments available through FXGM include:

  • Forex: FXGM provides access to over 40 currency pairs, including major, minor, and exotic pairs.
  • CFDs: The broker offers a variety of CFDs across different asset classes, including:
  • Indices: Major global indices such as the S&P 500, FTSE 100, and DAX.
  • Commodities: Popular commodities like gold, silver, crude oil, and agricultural products.
  • Stocks: CFDs on shares from leading companies, including technology and healthcare sectors.
  • Cryptocurrencies: Trading options for major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

FXGM continuously updates its product offerings, ensuring that traders have access to the latest market trends and instruments. Retail trading services are a primary focus, although the broker also provides tailored solutions for institutional clients.

4. Trading Platforms and Technology

FXGM provides its clients with a proprietary trading platform known as Web Profit. This platform is designed for ease of use and does not require any installation, allowing traders to access their accounts directly through a web browser.

Key Features of the Trading Platform:

  • User-friendly Interface: The platform is designed to accommodate both novice and experienced traders, offering a range of analytical tools and real-time data.
  • Mobile Trading: FXGM also offers a mobile application called Mobile Profit, which allows traders to manage their accounts and execute trades on the go.
  • Execution Model: FXGM operates on a market maker model, which means that it acts as the counterparty to its clients' trades.

However, it is important to note that FXGM does not support popular trading platforms like MetaTrader 4 or MetaTrader 5, which may limit some traders' preferences for advanced trading features.

5. Account Types and Trading Conditions

FXGM offers several account types tailored to meet the needs of different traders. The main account types include:

  • Basic Account: Minimum deposit of $200, suitable for novice traders.
  • Discovery Account: Minimum deposit of $2,000, offering additional features and lower spreads.
  • Silver Account: Minimum deposit of $5,000, with enhanced trading conditions.
  • Gold Account: Minimum deposit of $10,000, providing further benefits and discounts.
  • Diamond Account: Minimum deposit of $15,000, designed for high-volume traders.
  • VIP Account: For deposits exceeding $30,000, offering the best trading conditions and personal account management.

FXGM provides a leverage of up to 1:30 for retail clients and up to 1:200 for professional clients, depending on the asset class. The minimum trade size is 0.01 lots across all account types. Additionally, FXGM charges overnight fees on positions held beyond the trading day, which varies by asset class.

6. Fund Management

FXGM supports a variety of deposit and withdrawal methods to facilitate easy fund management for its clients. The available methods include:

  • Credit/Debit Cards
  • Bank Wire Transfers
  • E-wallets such as PayPal, Skrill, and Neteller

The minimum deposit requirement for opening an account is $200. FXGM does not charge any fees for deposits or withdrawals; however, clients may incur fees from their banks or payment processors, depending on their location.

Processing times for deposits are generally immediate, while withdrawals may take several business days to process, depending on the method used. FXGM maintains a transparent fee structure, ensuring that clients are aware of any potential costs associated with their transactions.

7. Customer Support and Educational Resources

FXGM provides a range of customer support channels to assist its clients, including:

  • Email Support
  • Live Chat Support
  • Phone Support

Customer service is available during business hours from 07:00 to 19:00 GMT, Monday to Friday. FXGM supports multiple languages, including English, French, Italian, Polish, and Spanish.

In terms of educational resources, FXGM offers a limited selection of materials, including market analysis, economic calendars, and trading signals. While the broker does not provide extensive webinars or courses, it does offer tools such as trading calculators and market news updates to support traders in their decision-making processes.

8. Geographic Coverage and Restrictions

FXGM primarily serves clients in Europe and South Africa. The broker has established offices in various regions, including Cyprus and South Africa. However, it is important to note that FXGM does not accept clients from the United States, Canada, Belgium, and Iran due to regulatory restrictions.

In summary, FXGM is a regulated broker that offers a range of trading products and services to its clients. While it has faced regulatory challenges in the past, it continues to operate under the supervision of the FSCA in South Africa, providing a platform for both retail and professional traders. As with any broker, potential clients should conduct thorough research and consider their individual trading needs before opening an account.

Latest Reviews

AAA抵押车圈

AAA抵押车圈

Hong Kong

The withdrawal applied on last Thursday was said to be received on Friday.Today is Monday,it is impossible.Neither the customer service nor the agent is disconnected by phone or Wechat.

Exposure

2019-11-11

珍惜56566

珍惜56566

Hong Kong

The withdrawal hasn’t been received for 1 week.The customer service didn’t respond.

Exposure

2019-11-20

红专

红专

Hong Kong

The customer service doesn’t respond.We, 8 persons can not withdraw.

Exposure

2019-11-21

FX1240953418

FX1240953418

United Kingdom

I just got confused by so many forex scammers, some of which are really hard to identify. FXGM is an example, without wikifx, I guess I will never be able to find out that it's actually a scammer.

37130

2023-02-16

FX1200429457

FX1200429457

Colombia

It is nothing more than one such fraudulent forex broker. please don't be fooled by the incredibly favorable conditions and always keep an eye out to protect your money.

37130

2023-02-13

FX2790255852

FX2790255852

Spain

These thugs entice you to deposit, they offer you forbidden bonuses, and they entice you to open a very risky operation to deposit, they classify you as a professional customer, without the stipulation by ESMA, they do not allow you to withdraw, I filed a complaint, and the police finally confirmed.

Exposure

2021-06-12

FXGM Forex Broker has an overall rating of 1.62, Regulatory Index 0.00, License Index 0.00, Business Index 7.84, Software Index 4.00 Risk Control Index 0.00.