Gxmarkets Review 2020

Gxmarkets Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
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Gxmarkets Guide - Read our In Depth Gxmarkets Review

This Gxmarkets review was written by industry experts with over 20 years of financial experience in Forex trading, CFD trading, .

What is Gxmarkets?

Gxmarkets are an a global online financial trading platform and multi asset broker founded in 2008

Over 12 years later Gxmarkets has grown to offering retail investors Forex trading, CFD trading, and trading.

Gxmarkets are a global broker and have a head office in Anguilla.

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

We will dive deep in this Gxmarkets review and assess how well the Gxmarkets platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Gxmarkets can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Gxmarkets we breakdown the pros and cons. What Gxmarkets are able to offer, what countries Gxmarkets are available in. Who Gxmarkets 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.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Gxmarkets review useful.

This review of the Gxmarkets platform is very detailed. If you are interested in trading with Gxmarkets in any capacity please take the time to read and research the whole Gxmarkets review.

We have tried to explain the ins and outs of financial trading through the Gxmarkets platform as plainly as possible so that you the trader are as informed as possible before you start to use the Gxmarkets trading tools and depositing and withdrawing funds from Gxmarkets.

Benefits of trading with Gxmarkets

Open Gxmarkets's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Gxmarkets like Forex trading, CFD trading, and trading. you should have confidence in Gxmarkets and know that the management of your financial investments on the Gxmarkets platform is in good hands.

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

With this Gxmarkets review we hope to help you see if Gxmarkets 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 Gxmarkets that will help you get off to a good start in the world of online trading.

Gxmarkets Review Table of Contents

Gxmarkets review
Gxmarkets is a Multi-Assets Trading Platform with over 131+ Assets

Learn more about Gxmarkets. Gxmarkets is a multi asset platform with 131+ tradable Assets. Assets available on Gxmarkets include Forex trading, CFD trading, .

Gxmarkets trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, CFD trading, are considered financial assets.

Gxmarkets review
Features of Gxmarkets

Gxmarkets review
What you should know

Gxmarkets offer three ways to trade: Forex trading, CFD trading, .

With Gxmarkets you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Gxmarkets platform.

Gxmarkets are able to accommodate various levels of traders whether you are experienced or a beginner.

Gxmarkets review
Are Gxmarkets safe?

When choosing a broker like Gxmarkets 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 2008, and in operation for 12 years Gxmarkets have a head office in Anguilla.

Gxmarkets is not regulated. This means Gxmarkets are not supervised by any regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Gxmarkets, this will be honored.

Gxmarkets review
Is my money safe with Gxmarkets?

Any payments funded to Gxmarkets accounts by traders are held in a segregated bank account.

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

What are Tier 1 banks and why should Gxmarkets use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in Gxmarkets deposited in a Tier 1 bank?

Having any money you deposit with Gxmarkets means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Gxmarkets goes out of business for some reason.

Therefore, we can safely conclude that Gxmarkets is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, CFD trading, is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Gxmarkets also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding Gxmarkets. let us look at the Gxmarkets features in more detail.

Try creating two accounts when you are working with Gxmarkets. 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 Gxmarkets

Your capital is at risk

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

How Gxmarkets as a Company Compare Against Other Brokers

Broker gxmarkets eToro IC Markets XTB
Year Established 2008 2006 2007 2002
Head Office Anguilla Cyprus, UK Australia Poland
Regulation Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), 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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ Gxmarkets users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit Gxmarkets Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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.

Gxmarkets review
Gxmarkets Pros and Cons

What we like about Gxmarkets

  • Used by over 10,000 Gxmarkets users and traders
  • Established in 2008
  • Min. deposit from $100

What we don't like about Gxmarkets

Gxmarkets review
Gxmarkets Regulation and Licensing in more detail

Gxmarkets are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like Gxmarkets that are not regulated yet appear to be legitimate.

Gxmarkets maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with Gxmarkets you are not guarenteed help in a difficult situation.

  • Unregulated

Gxmarkets review
Is Gxmarkets Global?

Yes, Gxmarkets is global as Gxmarkets is available in over 191 countries.

Gxmarkets is a global trading platform in the sense that it operates in 191 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Gxmarkets covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. Gxmarkets has a total of more than 10,000 users.

Gxmarkets review
Gxmarkets Fees Explained

  • Gxmarkets withdrawal fees varies on payment method
  • Gxmarkets does charge a fee for inactive accounts.
  • Gxmarkets does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Gxmarkets Fees Compare Against Other Brokers

Broker gxmarkets eToro IC Markets XTB
Min Deposit 100 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

Gxmarkets review
Gxmarkets Minimum Deposit

Gxmarkets require a minimum desposit of 100 GBP/USD when opening an Gxmarkets trading account.

A minimum deposit is the minimum amount of money required by Gxmarkets to open a new online brokerage account with them.

Dont be scared off by brokers like Gxmarkets charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Gxmarkets review
Gxmarkets Withdrawal Fees

Gxmarkets withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Gxmarkets for example allow you to withdraw your funds to Credit cards, Skrill, Neteller, Bank Transfer.

Gxmarkets review
Gxmarkets Inactivity Fees

Gxmarkets does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Gxmarkets review
Gxmarkets Desposit Fees

Gxmarkets does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Gxmarkets review
Gxmarkets Commission Fees

Gxmarkets does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Gxmarkets review
What can you trade with Gxmarkets?

Be aware that Different entities under Gxmarkets Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Gxmarkets over 131 instruments infact.

If you are looking at trading currency pairs Gxmarkets offer over currency pairs.

Compare Gxmarkets with eToro and IC Markets below.

Your capital is at risk

How Gxmarkets Trading Options Compare Against Other Brokers

Broker gxmarkets eToro IC Markets XTB
Instruments Available 131 2000 232 4000
Platforms MT4,MT5 Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1696
UK Shares Yes Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Gxmarkets
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% 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.

Gxmarkets review
Trading on Gxmarkets web platforms and other applications

Gxmarkets is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

Gxmarkets 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 Gxmarkets's platforms

Gxmarkets review
Is the Gxmarkets Trading Platform Secure?

Gxmarkets safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Gxmarkets also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Gxmarkets.

Gxmarkets review
Gxmarkets Trading Platform Options

Once you have logged into your Gxmarkets account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)

Gxmarkets does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options Gxmarkets gives you.

Gxmarkets review
Gxmarkets MetaTrader 4 (MT4)

Gxmarkets MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with Gxmarkets. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with Gxmarkets in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. Gxmarkets MetaTrader 4 is compatible with the latest macOS Mojave. Gxmarkets allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on Gxmarkets

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade Gxmarkets MetaTrader 4 on IOS Devices

You can download the Gxmarkets app or also trade with Gxmarkets through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade Gxmarkets MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. Gxmarkets provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Gxmarkets MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade Gxmarkets MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

Gxmarkets MetaTrader 4 Advanced Trading Tools

The Gxmarkets advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. Gxmarkets offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade Gxmarkets MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

Gxmarkets MetaTrader 4 & MetaTrader 5 AutoChartist

Gxmarkets Autochartist provides the world's first Market Scanner available for MT4 & MT5 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

Gxmarkets review
Gxmarkets MetaTrader 5 (MT5)

Gxmarkets MetaTrader 5

MetaTrader 5 also known as MT5 is a multi asset trading platform that provides a wide range of trading features and financial research tools, MT5 also allows the use of automated trading systems (trading robots) and copy trading. New features like additional timeframes and advanced charting tools can give you a competitive advantage in the financial markets.

MetaTrader 5 was released in 2010 and is the updated version of MetaTrader 4.

MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices.

IC Markets MetaTrader 5 Instruments

IC Markets MetaTrader 5 Charting

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade Gxmarkets MetaTrader 5 WebTrader

Access your Gxmarkets MetaTrader 5 accounts from any web browser. It features a huge range of tools like additional timeframes and the most up to date technical indicators to give you all the trading resources you need to trade on and analyse the financial markets.

Gxmarkets review
Gxmarkets MT5 Buying and Selling

IC Markets MetaTrader 5 Buying and Selling

Gxmarkets MetaTrader 5 on IOS Devices

Gxmarkets MetaTrader 5 Can Operate on the and newer IOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. It's suggested that you upgrade the IOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. Gxmarkets MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

Gxmarkets MetaTrader 5 on Android Devices

MetaTrader 5 for Android may be used on a Android smartphone or a tablet powered by the Android 5.0 or higher operating system. Additionally, to connect to Gxmarkets trading server. Take the time to understand all of the Android MetaTrader 5 features. With Metatrader 5 for Android you can trade a selection of financial instruments at any time, in any place.

Gxmarkets Metatrader Mobile Application Features

MetaQuotes the developers of Metatrader have listened to the feedback of their millions of users and have built the most popular mobile trading platform in the world. MetaTrader features include :

  • Financial instrument quotes
  • View in depth price charts of financial instruments
  • Manage trades and open positions
  • View your trading history
  • View market news
  • MetaTrader internal messaging
  • View and research market statics of Gxmarkets financial instruments
  • Position opening and closing
  • Lookup symbols in the quotes section
  • Display of deals on graphs
  • Timeframe selection for graphs and charts
  • Additional vertical scaling of graphs
  • Capability to transfer accounts to other devices using QR codes
  • Information is available only if it's supplied by Gxmarkets
  • Access the OTP generator through FaceID or fingerprint

Gxmarkets MetaTrader 5 Advanced Trading Tools

Gxmarkets MetaTrader 5 has many advanced trading tools for the more advanced users. Understanding these tools can give you a competitive edge.

  • Depth of market bids and asks
  • Price Data
  • Margin Calculation, Futures, Forex
  • Advanced Techincal Analysis
  • One click trading
  • Spreads
  • Futures
  • Trading Reports

Gxmarkets Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Gxmarkets Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

Can I try Gxmarkets before I buy?

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

Your capital is at risk

Gxmarkets withdrawal and funding methods.

Please note that the list of Gxmarkets payment methods below depend on the Gxmarkets Entity and the Clients Country of Residence.

Gxmarkets offer the below funding payment methods. learn more about Gxmarkets

Gxmarkets Payment Methods

  • Gxmarkets accepts Credit cards
  • Gxmarkets accepts Skrill
  • Gxmarkets accepts Neteller
  • Gxmarkets accepts Bank Transfer
Broker gxmarkets eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes No Yes
Neteller Yes Yes Yes Yes

How can I start trading with Gxmarkets?

When opening a trading account with Gxmarkets, 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 Gxmarkets trading platforms here.

Your capital is at risk

Performing trades with Gxmarkets

Gxmarkets allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Gxmarkets allow you to execute a maxium trade of varies. As Gxmarkets 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 instruments.

Gxmarkets Leverage and Gxmarkets CFDs Explained

let's take a look at some of the basics of using Gxmarkets leverage.

Gxmarkets offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Gxmarkets leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Gxmarkets trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Gxmarkets leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Gxmarkets CFDs are typically used for short to medium term trades. For example Gxmarkets intraday trading.

Education resources at Gxmarkets

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

Gxmarkets 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 Gxmarkets.

Take time to look around the Gxmarkets 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 Gxmarkets

Gxmarkets support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Gxmarkets have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Gxmarkets less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Gxmarkets

We tested the Gxmarkets live chat and it works well. We sent messages to Gxmarkets livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Gxmarkets support in multiple languages in multiple countries. Gxmarkets where able to resolve our customer issues.

Email Support at Gxmarkets

We sent several emails to Gxmarkets and answer times overall were excellent. The fastest response from Gxmarkets was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Gxmarkets, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Gxmarkets.

Phone Support at Gxmarkets

We called Gxmarkets and the call was answered very quickly. The call was answered in less than 5-10 minutes.

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

Overall the phone support from Gxmarkets was okay.

See how Gxmarkets Support Compares Against Other Brokers

Broker gxmarkets eToro IC Markets XTB
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, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Gxmarkets Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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 Gxmarkets

As Gxmarkets is regulated by Unregulated, 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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Gxmarkets Brand may be different.

  • 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 3 minutes or so to complete the account opening process.

While you might be able to explore Gxmarkets'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 Gxmarkets you can visit the Gxmarkets trading platform 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 https://www.gxmarkets.co/ on December 01, 2020.

Gxmarkets review
Is Gxmarkets A Good Broker?

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

  • Gxmarkets have a good track record of offering Forex trading, CFD trading, .
  • Gxmarkets has a history of over 12 years.
  • Gxmarkets has a reasonable sized customer support of at least 10.
  • Gxmarkets are regulated by Unregulated. This means Gxmarkets 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.
  • Gxmarkets have regulation from a Tier 1 reputable country.
  • Gxmarkets has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Gxmarkets have an international presence in multiple countries. This includes local Gxmarkets seminars and training.
  • Gxmarkets are able to hire people from various locations in the world who can better communicate in your local language.

Gxmarkets Risk Disclaimer

Your capital is at risk

Gxmarkets review
Gxmarkets not quite right?

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Gxmarkets review
Related Gxmarkets Vs Comparisons

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Gxmarkets review
GXMARKETS Frequently Asked Questions

Can I try Gxmarkets before I buy?

Gxmarkets offer a demo account so you can try the Gxmarkets platform before you put down a payment. Learn more here

What funding methods do Gxmarkets accept?

Please note that the list of payment methods below depend on the Gxmarkets Entity and the Clients Country of Residence.

Gxmarkets offer the following funding payment methods Credit cards, Skrill, Neteller, Bank Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is Gxmarkets safe?

While Gxmarkets may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to Gxmarkets accounts by traders are held in a segregated bank account. For added security Gxmarkets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Gxmarkets trading good?

Gxmarkets is considered good and reputable to trade with Gxmarkets. Gxmarkets is used by over 10000 active traders and Gxmarkets users. Gxmarkets offers Forex trading, CFD trading, and trading. Minimum deposit with Gxmarkets is 100.

Is Gxmarkets trading Legit?

Gxmarkets was founded in Anguilla in 2008. Gxmarkets has been facilitating trade on the financial markets for over 12 years. Gxmarkets offers clients Forex trading, CFD trading, and trading. All funds deposited to Gxmarkets are held in segregated tier 1 bank accounts for security. Gxmarkets is not regulated. Although this doesnt mean Gxmarkets are awful, we recommend trading with regulated brokers.

Is Gxmarkets a good broker?

Gxmarkets is overseen by the top tier financial regulators Unregulated so can be considered a good broker. Gxmarkets allows Forex trading, CFD trading, and trading.

Is Gxmarkets trustworthy broker?

While having many plus points because Gxmarkets is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

What is the minimum deposit for Gxmarkets?

The minimum deposit to trade with Gxmarkets is 100.

How long do Gxmarkets withdrawals take?

Withdrawing money from Gxmarkets processing time varies but averages 2-5 days.

Is Gxmarkets regulated?

Gxmarkets is not regulated by a top tier financial regulator.

Is Gxmarkets a market maker?

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

How can I start trading with Gxmarkets?

When opening a trading account with Gxmarkets, 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 Gxmarkets trading platforms here.

Is my money safe with Gxmarkets?

Gxmarkets is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like Gxmarkets 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 Gxmarkets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Gxmarkets a con?

While we would noy say that Gxmarkets is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.

Can you make money with Gxmarkets?

Although traders have had great success with Gxmarkets. Trading on the financial markets with Gxmarkets 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 Gxmarkets have fees?

Gxmarkets withdrawal fees varies on payment method. Gxmarkets does charge a fee for inactive accounts. Gxmarkets does charge deposit fees.

When was Gxmarkets founded?

Gxmarkets was founded in 2008.

How many people use Gxmarkets?

Gxmarkets is used by over 10000 registered Gxmarkets users.

What is Gxmarkets Headquarters country?

Gxmarkets has its head quarters office in Anguilla.

Does Gxmarkets offer negative balance protection?

Gxmarkets does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Gxmarkets offer guaranteed stop loss?

Gxmarkets 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. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Gxmarkets allow scalping?

Gxmarkets offers scalping.

Does Gxmarkets allow hedging?

Gxmarkets offers hedging.

Does Gxmarkets offer CFD trading?

Gxmarkets offers CFD trading.

Does Gxmarkets offer STP?

Gxmarkets offers STP trading.

How many people use Gxmarkets?

Gxmarkets is used by over 10000 Gxmarkets users and traders.

Is Gxmarkets an ECN broker?

Gxmarkets offers ECN trading.

Does Gxmarkets offer a demo account?

Gxmarkets offers a demo account.

Does Gxmarkets offer an Islamic account?

Gxmarkets offers a Islamic accounts.

What are the funding methods for Gxmarkets?

Gxmarkets accept the following funding methods : Credit cards, Skrill, Neteller, Bank Transfer.

Gxmarkets review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Gxmarkets 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.

Gxmarkets review written by Mark Hansen of Comparebrokers.co