Is XGLOBAL safe and legit？ Full review
XGLOBAL is a Vanuatu-based broker established in 2019 and regulated by the Cyprus Securities and Exchange Commission and the Vanuatu Financial Services Commission. It offers three account types with a minimum opening deposit starting at $25 and maximum leverage of 1:500, all supporting hedging, scalping, and EA trading. Trading is available on the MT5 platform, which carries full MT4/5 authorization, with servers in the United Kingdom, the Netherlands, and Ireland. Customer service supports English through phone, email, and social channels, though response times may be lengthy. The broker carries an influence rating of D, with its reach concentrated in Brazil and South Africa.
Regulatory Compliance and Security
XGLOBAL is regulated by two authorities, one onshore and one offshore, and holds a safety level of 1.
The Cyprus Securities and Exchange Commission license is listed as regulated under regulation number 171/12, while the Vanuatu Financial Services Commission license is classified as offshore regulation under regulation number 15062. The broker has one regulatory disclosure on record, a blacklist listing by Indonesia's Commodity Futures Trading Supervisory Agency in connection with illegal commodity futures trading websites.
Account Type
Trading software
XGLOBAL uses the MT5 trading platform and holds a full MT4/5 license. The platform is highly customizable, available in multiple languages, and offers clear expense reports, with a good search function, though it lacks two-step login and biometric authentication. The software experience is rated as Perfect. Mobile and desktop applications are not supported on iOS, Android, Windows, macOS, or web.
MT4/5 Server Distribution:
- MT5 Servers: XGLOBALFX-Server (United Kingdom), XGLOBALFX-Server (Netherlands), XGLOBALFX-Server (Ireland), XGLOBALFX-Server (Netherlands)
Customer Service
XGLOBAL's customer service supports 5 languages and covers 1 service region, the United Kingdom. You can reach the team by phone, email, and social media channels, and most inquiries receive a response, though response times may be lengthy.
Please note that response times may be lengthy.
Influence
XGLOBAL has an influence rating of D. Its influence is mainly distributed in Brazil and South Africa, with an average influence index of 4.42.
5-10 years
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