1. Home
  2. Compare Forex Brokers
  3. FX Global Markets review

FX Global Markets Review

  • Regulated by: Financial Conduct Authority, CySEC
  • Safety: segregates client funds
  • Trust Rating: B
Open FXGM's Website

Losses can exceed deposits. Your capital is at risk.

FX Global Markets one way: Forex.

To open a live account, you’ll need a minimum deposit of at least $200. Alternatively, FX Global Markets offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 593528 ), and CySEC (Licence: 161/11 ). FX Global Markets puts all client funds in a segregated bank account and uses tier-1 banks for this. FX Global Markets have been established since 2011, and have a head office in .

Before we dive into some of the more detailed aspects of FX Global Markets’s spreads, fees, platforms and trading features, you may want to open FX Global Markets‘s website in a new tab by clicking the button below in order to see the latest information directly from FX Global Markets.

Open a demo account Visit FXGM

Full disclosure: We may receive a commission if you sign up with a broker using one of our links. Your capital is at risk. CFDs are leveraged products & 73% of traders lose money when trading CFDs.

FX Global Markets screenshot

PROS

  • Segeregates client funds
  • Established in 2011
  • Regulated by Financial Conduct Authority, CySEC
  • Min. deposit from $200

CONS

What are FX Global Markets's spreads & fees?

Like most brokers, FX Global Markets take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on FX Global Markets’s website. The colour bars show how competitive FX Global Markets’s spreads are in comparison to other popular brokers featured on BrokerNotes.

FX Global Markets fixed spread is not available. If you believe this is incorrect please fill in our form

Spreads are dynamic and are for informational purposes only. Last updated: June 06, 2018.

As you can see, FX Global Markets's minimum spread for trading EUR/USD is 0.0 pips - which is relatively low compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with FX Global Markets vs. similar brokers.

See all Spreads
Your capital is at risk.

How much does FX Global Markets charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with FX Global Markets at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $N/A. Here’s a rough breakdown of the fees and how this compares against XTB & City Index.

FX Global Markets XTB City Index
Spread from: N/A $2.00 $5.00
Typical overnight fee: N/A $7.94 $20.60
Commission: N/A 0 0
Total cost of a 100k trade: N/A $9.94 $25.6
Visit FXGM Visit XTB Visit City Index

All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. Your capital is at risk.

General Fees

  • FX Global Markets does charge inactivity fees
  • FX Global Markets doesn’t charge withdrawal fees*

Commissions

  • FX Global Markets doesn’t charge commission on CFD shares

What can you trade with FX Global Markets?

FX / Currencies FXGM XTB City Index
# of forex pairs offered 38 50 84
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs FX Global Markets XTB City Index
# of commodities offered 15 0 26
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Index & Stock CFDs FX Global Markets XTB City Index
# of Stocks offered 57 1500 4500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See FXGM's Instruments See XTB's Instruments See City Index's Instruments
Your capital is at risk.

What’s the FX Global Markets trading experience like?

1) Platforms and apps

FX Global Markets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. FX Global Markets also offer their custom PROfit platform.

FX Global Markets Screenshot See FXGM's Platforms

FX Global Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See FXGM's platforms
Your capital is at risk.

Trading Features:

  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

Accounts offered:

  • Demo account
  • Micro account
  • Standard account
  • ECN account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

FX Global Markets allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As FX Global Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

FX Global Markets also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders negative balance protection and much more. You can see all of the account features offered by FX Global Markets and much more. You can see all of the account features offered by FX Global Markets here.

Finally, we’ve listed some of the popular funding methods that FX Global Markets offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Skrill
  • Payoneer

3) Client support

FX Global Markets support a wide range of languages including English, Spanish, Arabic, Italian, French, and Polish

FX Global Markets have a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

4) What you’ll need to open an account with FX Global Markets

As FX Global Markets is regulated by Financial Conduct Authority, CySEC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore FX Global Markets’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FX Global Markets you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fxgm.com/ on August 23, 2018.