XGLOBAL Markets Review for 2019

XGLOBAL Markets Rated 3/5
XGLOBAL Markets have a low rating. We recommend you look at one of their alternative brokers.
Good alternatives to XGLOBAL Markets

XGLOBAL Markets Introduction

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 XGLOBAL Markets we break down the pros and cons. What XGLOBAL Markets are able to offer, what countries XGLOBAL Markets are available in. Who XGLOBAL 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.

Open XGLOBAL Markets's Website

As with any investment your capital is at risk, losses can exceed deposits.

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

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

XGLOBAL Markets what you should know

XGLOBAL Markets offer four ways to trade: Forex trading, CFD trading, Social trading, Share Dealing.

With XGLOBAL Markets you will need a minimum deposit of $$500. You can sign up for a demo account to acquaint yourself with XGLOBAL Markets platform.

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


Are XGLOBAL Markets safe?

When choosing a broker like XGLOBAL 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 , and in operation for 2019 years XGLOBAL Markets have a head office in Cyprus.

XGLOBAL Markets is regulated. This means XGLOBAL Markets are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC)  regulatory bodies.

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

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

For added security XGLOBAL 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 XGLOBAL 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 XGLOBAL Markets

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

What we like

  • Used by over 10,000 traders
  • Established in
  • Regulated by Cyprus Securities and Exchange Commission (CySEC) 
  • Min. deposit from $$500
  • unlimited demo account

What we don't like

XGLOBAL Markets General Fees

  • XGLOBAL Markets withdrawal fees varies on payment method
  • XGLOBAL Markets does charge inactivity fees

XGLOBAL Markets Commissions

  • XGLOBAL Markets does charge commission on CFD shares

What can you trade with XGLOBAL Markets?

You can trade a wide variety of instruments with XGLOBAL Markets over 261 instruments infact.

If you are looking at trading currency pairs XGLOBAL Markets offer over currency pairs.

Compare XGLOBAL Markets with Interactive Brokers and XTB below.

FX / Currencies xglobalmarkets IB XTB
# of forex pairs offered 10 50
Major forex pairs yes Yes Yes
Minor forex pairs No Yes
Exotic forex pairs Yes Yes
Cryptocurrencies NO No Yes
Commodity CFDs XGLOBAL Markets Interactive Brokers XTB
# of commodities offered 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs XGLOBAL Markets Interactive Brokers XTB
# of Stocks offered 1500
UK Shares Yes Yes Yes
US Shares NO Yes Yes
German Shares No Yes Yes
Japanese Shares NO Yes Yes
xglobalmarkets's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on XGLOBAL Markets web platforms and other applications

XGLOBAL Markets offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

XGLOBAL 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 xglobalmarkets's platforms

XGLOBAL Markets Trading benefits :

  • Allows hedging
  • Offers STP
  • Low min deposit

XGLOBAL Markets Trading Accounts offered:

  • Standard account
  • ECN account
  • Islamic account

Can I try XGLOBAL Markets before I buy?

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

What funding methods do XGLOBAL Markets accept?

XGLOBAL Markets offer the below funding payment methods. learn more about XGLOBAL Markets

How can I start trading with XGLOBAL Markets?

When opening a trading account with XGLOBAL 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 XGLOBAL Markets trading platforms here.

Performing trades with XGLOBAL Markets

XGLOBAL Markets allow you to execute a minimum of trade of $0.00000114/0.01 LOTS. This may vary depending on the account you open. XGLOBAL Markets allow you to execute a maxium trade of varies. As XGLOBAL 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, but as a guide, XGLOBAL Markets offer margin up to % on currencies.

Support at XGLOBAL Markets

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

What you will need to open an account with XGLOBAL Markets

As XGLOBAL Markets is regulated by 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 XGLOBAL 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 XGLOBAL 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 https://www.xglobalmarkets.com/ on 12th August 2018.

XGLOBAL MARKETS Frequently Asked Questions

Can I try XGLOBAL Markets before I buy?

XGLOBAL Markets do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do XGLOBAL Markets accept?

XGLOBAL Markets offer the below funding payment methods among other payment methods. Learn more here

How can I start trading with XGLOBAL Markets?

When opening a trading account with XGLOBAL 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 XGLOBAL Markets trading platforms here.

Is my money safe with XGLOBAL Markets?

XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) . One of the most important criteria for traders when choosing a broker like XGLOBAL 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 XGLOBAL Markets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.