FX Global Markets Review 2020

FX Global Markets Rated 3/5
learn more Learn more about eToro. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FX Global Markets Guide

FX Global Markets are an online broker founded in 2011 offering Forex trading.

FX Global Markets are a global broker and have a head office in Cyprus.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of FX Global Markets we break down the pros and cons. What FX Global Markets are able to offer, what countries FX Global Markets are available in. Who FX Global Markets are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with FX Global Markets

  • Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
  • Headquarters Country : Cyprus
  • Foundation year 2011
  • Min Deposit : 200
  • Used by over 10,000 traders
  • FX Global Markets is not available in the following countries : US
Open FX Global Markets's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to FX Global Markets

With this review we hope to help you see if FX Global Markets is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FX Global Markets that will help you get off to a good start in the world of online trading.

FX Global Markets Review Table of Contents

FX Global Markets what you should know

FX Global Markets offer one way to trade: Forex.

With FX Global Markets you will need a minimum deposit of $200. You can sign up for a demo account to acquaint yourself with FX Global Markets platform.

FX Global Markets are able to accommodate various levels of traders whether you are experienced or a beginner.


Are FX Global Markets safe?

When choosing a broker like FX Global Markets the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2011, and in operation for 9 years FX Global Markets have a head office in Cyprus.

FX Global Markets is regulated. This means FX Global Markets are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FX Global Markets, this will be honored. If FX Global Markets violate any regulatory rules their regulated status could be stripped.

Any payments funded to FX Global Markets accounts by traders are held in a segregated bank account.

For added security FX Global Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with FX Global Markets. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FX Global Markets

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker FXGM eToro XTB Pepperstone
Year Established 2011 2006 2002 2010
Head Office Cyprus Cyprus, UK Poland Australia
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 12,000,000+ 250,000+ 10,000+
Negative balance protection Yes No Yes Yes
Guaranteed Stop Loss No No Yes No
Learn More Visit FX Global Markets Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

FX Global Markets Pros and Cons

What we like about FX Global Markets

  • Used by over 10,000 traders
  • Established in 2011
  • Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $200

What we don't like about FX Global Markets

FX Global Markets Financial Regulation and Supervision in more detail

We have checked and FX Global Markets is regulated and supervised by reputable organisations. You are able to check every FX Global Markets supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FX Global Markets. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect FX Global Markets traders and provide a safe trading environment.

FX Global Markets is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FX Global Markets you should be sure they're legitimate online agent.

FX Global Markets General Fees

  • FX Global Markets doesn't charge withdrawal fees
  • FX Global Markets does charge inactivity fees
  • FX Global Markets doesn't charge deposit fees
Broker FXGM eToro XTB Pepperstone
Min Deposit 200 200 0 200
Withdrawl Fees No Yes varies No
Inactivity Fees Yes Yes No Yes
Deposit Fees No No No No
CFD Commission Fees No No Yes Yes

FX Global Markets Commissions

  • FX Global Markets doesn't charge commission on CFD instruments.

What can you trade with FX Global Markets?

You can trade a wide variety of instruments with FX Global Markets over 100 instruments infact.

If you are looking at trading currency pairs FX Global Markets offer over 40 currency pairs.

Compare FX Global Markets with eToro and XTB below.

Your capital is at risk

Broker FXGM eToro XTB Pepperstone
Instruments Available 100 100 1,500 100
Platforms MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit FX Global Markets Visit eToro Visit XTB Visit Pepperstone
Forex pairs offered 40 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit FX Global Markets Visit eToro Visit XTB Visit Pepperstone
Commodities Offered 15 0 21 16
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes No
Indiced & Stock CFDs Visit FX Global Markets Visit eToro Visit XTB Visit Pepperstone
Stocks Offered 57 957 1696 60
UK Shares Yes Yes Yes No
US Shares Yes Yes Yes No
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes No

Trading on FX Global Markets web platforms and other applications

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 mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See FXGM's platforms

FX Global Markets Trading benefits :

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

FX Global Markets Trading Accounts Offered :

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

Can I try FX Global Markets before I buy?

FX Global Markets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

FX Global Markets withdrawl and funding methods.

FX Global Markets offer the below funding payment methods. learn more about FX Global Markets

  • Credit cards
  • Bank Transfer
  • Skrill
  • Payoneer
Broker FXGM eToro XTB Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer Yes Yes Yes Yes
Neteller No Yes Yes Yes

How can I start trading with FX Global Markets?

When opening a trading account with FX Global Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FX Global Markets trading platforms here.

Performing trades with FX Global Markets

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.

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 here.

Limiting Your Risk When Trading with FX Global Markets Negative Balance Protection

We should say something about negative balance protection with FX Global Markets. When trading using leverage an adverse move could result in losing more than your trading account balance at FX Global Markets. Your FX Global Markets account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with FX Global Markets Stop Loss, FX Global Markets Stop Limit Orders

A stop-loss order is an order placed with a broker like FX Global Markets to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at FX Global Markets

To trade effectively with FX Global Markets, it's important to get a have a good understanding of the FX Global Markets trading tools and the markets.

FX Global Markets offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with FX Global Markets.

Take time to look around the FX Global Markets platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at FX Global Markets

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

FX Global Markets have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

FX Global Markets customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at FX Global Markets

We tested the FX Global Markets live chat and it works well. We sent messages to FX Global Markets livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with FX Global Markets support in multiple languages in multiple countries. FX Global Markets where able to quickly resolve our customer issues.

Email Support at FX Global Markets

We sent several emails to FX Global Markets and answer times overall were excellent. The fastest response from FX Global Markets was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with FX Global Markets, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from FX Global Markets.

Phone Support at FX Global Markets

We called FX Global Markets and the call was answered very quickly. The call was answered in less than 1 minutes.

The FX Global Markets phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FX Global Markets team by calling in varying languages. FX Global Markets made an effort to make sure our queries were answered.

Overall great phone support from FX Global Markets.

See how FX Global Markets Support Compares Against Other Brokers

Broker FXGM eToro XTB Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Arabic, Italian, French, and Polish English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit FX Global Markets Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with FX Global Markets

As FX Global Markets is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (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 12th August 2018.

Is FX Global Markets A Good Broker?

We spent over 3 months examining FX Global Markets in depth. Although we found some very useful aspects of the FX Global Markets platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative FX Global Markets broker.

  • FX Global Markets have a good track record of offering Forex.
  • FX Global Markets has a history of over 7 years.
  • FX Global Markets has a reasonable sized customer support of at least 10.
  • FX Global Markets are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). This means FX Global Markets fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • FX Global Markets have regulation from a Tier 1 reputable country.
  • FX Global Markets has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FX Global Markets have an international presence in multiple countries. This includes local FX Global Markets seminars and training.
  • FX Global Markets are able to hire people from various locations in the world who can better communicate in your local language.

FX Global Markets Risk Disclaimer

Your capital is at risk

FX Global Markets not quite right?

Check out these FX Global Markets Alternatives

We have spent years researching the best alternatives to FX Global Markets. Click the links below to learn more.

If you feel some of the above FX Global Markets are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of FX Global Markets alternatives below.

Related FX Global Markets Comparisons

If you would like to see how FX Global Markets stands up against other brokers you can read some of our FX Global Markets comparisons below. We compare side by side some of our top rated FX Global Markets versus comparisons. Read some indepth FX Global Markets VS pages below.

FX GLOBAL MARKETS Frequently Asked Questions

Can I try FX Global Markets before I buy?

FX Global Markets offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do FX Global Markets accept?

FX Global Markets offer the following funding payment methods accept Credit cards, Bank Transfers, Skrill, Payoneer, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is FX Global Markets safe?

FX Global Markets are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). Any payments funded to FX Global Markets accounts by traders are held in a segregated bank account. For added security FX Global Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is FX Global Markets trading good?

FX Global Markets is considered good and reputable to trade with. FX Global MarketsFX Global Markets is used by over FX Global Markets active traders. FX Global Markets offers Forex trading. Minimum deposit with FX Global Markets is mindeposit.

Is FX Global Markets trading Legit?

FX Global Markets was founded in Cyprus in 2011. FX Global Markets has been facilitating trade on the financial markets for over 9 years. FX Global Markets offers clients Forex trading. All funds deposited to FX Global Markets are held in segregated tier 1 bank accounts for security. FX Global Markets is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is FX Global Markets a good broker?

FX Global Markets is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.FX Global Markets allows Forex trading.

Is FX Global Markets trustworthy broker?

FX Global Markets can be considered trustworthy. All money funded to FX Global Markets is placed into a segregated tier 1 bank account. this means your money in not held by FX Global Markets directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also FX Global Markets is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for FX Global Markets?

The minimum deposit to trade with FX Global Markets is 200.

How long do FX Global Markets withdrawals take?

Withdrawing money from FX Global Markets processing time varies but averages 2-5 days.

Is FX Global Markets regulated?

FX Global Markets is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).

Is FX Global Markets a market maker?

FX Global Markets is a market maker. Stocks, currency and other commodities and instruments will be purchased by FX Global Markets even if no buyer is lined up.

How can I start trading with FX Global Markets?

When opening a trading account with FX Global Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FX Global Markets trading platforms here.

Is my money safe with FX Global Markets?

FX Global Markets is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like FX Global Markets is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FX Global Markets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is FX Global Markets a con?

FX Global Markets is regulated and well established having been in business for over 9 years. FX Global Markets is definitely not a con.

Can you make money with FX Global Markets?

Although traders have had great success with FX Global Markets. Trading on the financial markets with FX Global Markets is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does FX Global Markets have fees?

FX Global Markets doesn't charge withdrawal fees. FX Global Markets does charge inactivity fees. FX Global Markets doesn't charge deposit fees.

When was FX Global Markets founded?

FX Global Markets was founded in 2011.

How many people use FX Global Markets?

FX Global Markets is used by over 10000 registered traders.

What is FX Global Markets Headquarters country?

FX Global Markets has its head quarters office in Cyprus.

Does FX Global Markets offer negative balance protection?

FX Global Markets offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does FX Global Markets offer guaranteed stop loss?

FX Global Markets does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does FX Global Markets allow scalping?

FX Global Markets does not offer scalping.

Does FX Global Markets allow hedging?

FX Global Markets does not offer hedging.

Does FX Global Markets offer CFD trading?

FX Global Markets does not offer CFD trading.

Does FX Global Markets offer STP?

FX Global Markets offers STP trading.

How many people use FX Global Markets?

FX Global Markets is used by over 10000 traders.

Is FX Global Markets an ECN broker?

FX Global Markets offers ECN trading.

Does FX Global Markets offer a demo account?

FX Global Markets offers a demo account.

Does FX Global Markets offer an Islamic account?

FX Global Markets does not offer Islamic accounts.

What are the funding methods for FX Global Markets?

FX Global Markets accept the following funding methods : Credit cards, Skrill, Payoneer, Bank Transfer.

FX Global Markets review written by Andrew Blumer and Mark Hansen

We hope you found our review of the FX Global Markets brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

FX Global Markets review written by Mark Hansen of Comparebrokers.co