XGLOBAL Forex broker specializes in providing foreign exchange trading services, the company's official website https://portal.xglobalmarkets.com/realaccount, the company's legitimate regulatory information CyprusCYSECStraight Through Processing(STP),United KingdomFCAEuropean Authorized Representative (EEA), to enhance the security of the company's address 162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus.
XGLOBAL Forex Broker
Basic information
Cyprus
10-15 years Regulated in Cyprus Straight Through Processing(STP) United Kingdom European Authorized Representative (EEA) Revoked High potential riskCompany profile
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 SummaryFounded 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 Cons
| Pros | Cons |
|---|---|
| Regulated by CYSEC | Inaccessible website |
| Various trading products | Revoked BaFin/FCA license |
| Islamic and demo accounts | Regional restrictions |
| Tight spreads | |
| MT5 support | |
| Popular payment options | |
| No fees for deposits and withdrawals |
Is 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 However, the status of BaFin and FSA's licenses was revoked.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 Status | Regulated |
| Regulated by | Cyprus |
| Regulated Entity | X Global Markets Ltd |
| License Type | Market Making (MM) |
| License No. | 171/12 |
| Federal Financial Supervisory Authority (BaFin) | |
| Current Status | Revoked |
| Regulated by | Germany |
| Regulated Entity | X Global Markets Ltd |
| License Type | Retail Forex License |
| License No. | 132843 |
| Financial Conduct Authority (FCA) | |
| Current Status | Revoked |
| Regulated by | United Kingdom |
| Regulated Entity | X Global Markets Ltd |
| License Type | European Authorized Representative (EEA) |
| License No. | 602404 |
What Can I Trade on XGLOBAL?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Precious Metals | ✔ |
| Equity Indices | ✔ |
| Energies | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit |
| XG RAW | $100 |
| XG 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 Fees
| Account Type | EUR/USD Spread | GBP/USD Spread | USD/CHF Spread | Commission |
| XG RAW | From 0.2 pips | From 0.4 pips | $7.50 per lot | |
| XG ZERO | From 1.0 pips | From 1.2 pips | ❌ | |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Web, macOS, Android, and iOS | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit 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.
Rating Index
XG Standard
XG Raw
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Latest Reviews
FX1196563903
United States
The regulatory situation looks good, and it also provides the industry's famous MT4 and MT5 trading platforms, but the question is why did the website crash? Is anyone having the same problem as me?
Neutral
2023-01-31
Abdulbasi Sani
Nigeria
platform is very satisfaction evaluation
Neutral
2022-12-06
大卫55675
Hong Kong
XLOGAL is a fantastic broker and I am an existing client. My only advice will be that widen your trading instruments, xglobal. Yes, I also want to try some other investment portfolios.
Neutral
2023-02-24