XGLOBAL Forex Broker

Note: XGLOBAL's official website - https://www.xglobalmarkets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.XGLOBAL Review SummaryFounded2012Registered Country/RegionCyprusRegulationCYSEC, BaFin/FCA (Revoked)Market InstrumentsForex, CFDs, precious metals, equity indices, energies, commodities, and sharesDemo Account✅Islamic Account✅LeverageUp to 1:30 (EU)/1:200 (International)EUR/USD SpreadFrom 0.2 pipsTrading PlatformMT5Min Deposit$100Customer SupportTel: +357 25 262002Email: support@xglobalmarkets.comTwitter, Facebook and LinkedInCompany address: 162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, CyprusRegional RestrictionsAustria, Bangladesh, Belarus, Brazil, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong (China), Singapore, United Kingdom Founded in 2012, XGLOBAL is a regulated broker registered in Cyprus, offering trading in forex, CFDs, precious metals, equity indices, energies, commodities, and shares with leverage up to 1:200 and spread from 0.2 pips via the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $100.Pros and ConsProsConsRegulated by CYSECInaccessible websiteVarious trading productsRevoked BaFin/FCA licenseIslamic and demo accountsRegional restrictionsTight spreadsMT5 supportPopular payment optionsNo fees for deposits and withdrawalsIs XGLOBAL Legit? Yes, XGLOBAL is regulatedby CySEC. However, the status of BaFin and FSA's licenses was revoked.Cyprus Securities and Exchange Commission (CySEC)Current StatusRegulatedRegulated byCyprusRegulated EntityX Global Markets LtdLicense TypeMarket Making (MM)License No.171/12Federal Financial Supervisory Authority (BaFin)Current StatusRevokedRegulated byGermanyRegulated EntityX Global Markets LtdLicense TypeRetail Forex LicenseLicense No.132843Financial Conduct Authority (FCA)Current StatusRevokedRegulated byUnited KingdomRegulated EntityX Global Markets LtdLicense TypeEuropean Authorized Representative (EEA)License No.602404What Can I Trade on XGLOBAL?Tradable InstrumentsSupportedForex✔CFDs✔Precious Metals✔Equity Indices✔Energies✔Commodities✔Shares✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Account TypeAccount TypeMin DepositXG RAW$100XG ZERO Demo accounts and Islamic accounts are also available.Leverage XGLOBAL offers leverage following CySEC and VFSC regulations: European traders are eligible to use up to 1:30 leverage on major currency pairs; Clients of international entities can trade professionally with leverage of up to 1:200.XGLOBAL FeesAccount TypeEUR/USD SpreadGBP/USD SpreadUSD/CHF SpreadCommissionXG RAWFrom 0.2 pipsFrom 0.4 pips$7.50 per lotXG ZEROFrom 1.0 pipsFrom 1.2 pips❌Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Desktop, Web, macOS, Android, and iOSExperienced tradersMT4❌/BeginnersDeposit and Withdrawal XGLOBAL has several payment methods: Bank Wire, Credit/Debit cards, Skrill, Neteller, etc. In addition, XGLOBAL does not charge any fees or commissions for deposits/withdrawals.