XGLOBAL Markets Review 2020

XGLOBAL Markets Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.

XGLOBAL Markets Guide

XGLOBAL Markets are an online broker founded in 2008 offering Forex trading trading, CFD trading trading, Social trading trading, and Share Dealing trading.

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

XGLOBAL Markets have a listed stock symbol. This means that XGLOBAL Markets have publically listed and you can officially buy shares in XGLOBAL Markets on one of the worlds global market exchanges.

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.

Benefits of trading with XGLOBAL Markets

Open XGLOBAL Markets's Website

Your capital is at risk

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 Review Table of Contents

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 2008, and in operation for 12 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

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 xglobalmarkets eToro XTB Trading212
Year Established 2008 2006 2002 2006
Head Office Cyprus Cyprus, UK Poland UK
Regulation 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), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 250,000+ 14,000,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit XGLOBAL Markets Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

XGLOBAL Markets Pros and Cons

What we like about XGLOBAL Markets

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $500

What we don't like about XGLOBAL Markets

XGLOBAL Markets Financial Regulation and Supervision in more detail

We have checked and XGLOBAL Markets is regulated and supervised by reputable organisations. You are able to check every XGLOBAL Markets supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with XGLOBAL 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 XGLOBAL Markets traders and provide a safe trading environment.

XGLOBAL 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 XGLOBAL Markets you should be sure they're legitimate online agent.

XGLOBAL Markets General Fees

  • XGLOBAL Markets withdrawal fees varies on payment method
  • XGLOBAL Markets does charge inactivity fees
  • XGLOBAL Markets does charge deposit fees
Broker xglobalmarkets eToro XTB Trading212
Min Deposit 500 200 0 1
Withdrawl Fees $0 Yes varies No
Inactivity Fees Yes No No
Deposit Fees No No No
CFD Commission Fees No Yes No

XGLOBAL Markets Commissions

  • XGLOBAL Markets does charge commission on CFD instruments.

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 eToro and XTB below.

Your capital is at risk

Broker xglobalmarkets eToro XTB Trading212
Instruments Available 261 100 1,500 3000
Platforms Desktop,iOS,Android Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit XGLOBAL Markets Visit eToro Visit XTB Visit Trading 212
Forex pairs offered 50 50 177
Major forex pairs yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies NO Yes Yes Yes
Commodity CFDs Visit XGLOBAL Markets Visit eToro Visit XTB Visit Trading 212
Commodities Offered 0 0 21 14
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit XGLOBAL Markets Visit eToro Visit XTB Visit Trading 212
Stocks Offered 957 1696 1731
UK Shares Yes Yes Yes Yes
US Shares NO Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares NO Yes Yes Yes

Trading on XGLOBAL Markets web platforms and other applications

XGLOBAL Markets offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so 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

XGLOBAL Markets Trading Accounts Offered :

  • Demo account
  • Standard account
  • ECN account
  • STP 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

XGLOBAL Markets withdrawl and funding methods.

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

Broker xglobalmarkets eToro XTB Trading212
Bank transfer No Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes Yes No
Neteller No Yes Yes No

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 instruments.

XGLOBAL Markets Leverage and XGLOBAL Markets CFDs Explained

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

XGLOBAL Markets 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.

XGLOBAL Markets 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 XGLOBAL Markets 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 XGLOBAL Markets 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.

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

Education resources at XGLOBAL Markets

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

XGLOBAL 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 XGLOBAL Markets.

Take time to look around the XGLOBAL 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 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

XGLOBAL Markets have a B grade support rating because sometimes the reposonse was slow or our query wasnt answered. XGLOBAL Markets offer 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 XGLOBAL Markets

We tested the XGLOBAL Markets live chat and it works well. We sent messages to XGLOBAL Markets livechat through their app and website and recieved a response within 20 minutes.

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

Email Support at XGLOBAL Markets

We sent several emails to XGLOBAL Markets and answer times overall were excellent. The fastest response from XGLOBAL Markets was less than 40 minutes and the slowest response was 2 days. Support response times may vary for you with XGLOBAL Markets, but this was our experience sending 10 emails at varying times.

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

Phone Support at XGLOBAL Markets

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

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

Overall the phone support from XGLOBAL Markets was average.

See how XGLOBAL Markets Support Compares Against Other Brokers

Broker xglobalmarkets eToro XTB Trading212
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, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit XGLOBAL Markets Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 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 3 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.

Is XGLOBAL Markets A Good Broker?

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

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

XGLOBAL Markets Risk Disclaimer

Your capital is at risk

XGLOBAL Markets not quite right?

Check out these XGLOBAL Markets Alternatives

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

If you feel some of the above XGLOBAL 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 XGLOBAL Markets alternatives below.

Related XGLOBAL Markets Comparisons

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

XGLOBAL MARKETS Frequently Asked Questions

Can I try XGLOBAL Markets before I buy?

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

What funding methods do XGLOBAL Markets accept?

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

Your capital is at risk

Is XGLOBAL Markets safe?

XGLOBAL Markets are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). 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.

Is XGLOBAL Markets trading good?

XGLOBAL Markets is considered good and reputable to trade with. XGLOBAL MarketsXGLOBAL Markets is used by over XGLOBAL Markets active traders. XGLOBAL Markets offers Forex trading trading, CFD trading trading, Social trading trading, and Share Dealing trading. Minimum deposit with XGLOBAL Markets is mindeposit.

Is XGLOBAL Markets trading Legit?

XGLOBAL Markets was founded in Cyprus in 2008. XGLOBAL Markets has been facilitating trade on the financial markets for over 12 years. XGLOBAL Markets offers clients Forex trading trading, CFD trading trading, Social trading trading, and Share Dealing trading. All funds deposited to XGLOBAL Markets are held in segregated tier 1 bank accounts for security. XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is XGLOBAL Markets a good broker?

XGLOBAL Markets is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.XGLOBAL Markets allows Forex trading trading, CFD trading trading, Social trading trading, and Share Dealing trading.

Is XGLOBAL Markets trustworthy broker?

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

What is the minimum deposit for XGLOBAL Markets?

The minimum deposit to trade with XGLOBAL Markets is 500.

How long do XGLOBAL Markets withdrawals take?

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

Is XGLOBAL Markets regulated?

XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).

Is XGLOBAL Markets a market maker?

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

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.

Is XGLOBAL Markets a con?

XGLOBAL Markets is regulated and well established having been in business for over 12 years. XGLOBAL Markets is definitely not a con.

Can you make money with XGLOBAL Markets?

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

XGLOBAL Markets withdrawal fees varies on payment method. XGLOBAL Markets does charge inactivity fees. XGLOBAL Markets does charge deposit fees.

When was XGLOBAL Markets founded?

XGLOBAL Markets was founded in 2008.

How many people use XGLOBAL Markets?

XGLOBAL Markets is used by over 10000 registered traders.

What is XGLOBAL Markets Headquarters country?

XGLOBAL Markets has its head quarters office in Cyprus.

Does XGLOBAL Markets offer negative balance protection?

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

Does XGLOBAL Markets offer guaranteed stop loss?

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

Does XGLOBAL Markets allow scalping?

XGLOBAL Markets does not offer scalping.

Does XGLOBAL Markets allow hedging?

XGLOBAL Markets offers hedging.

Does XGLOBAL Markets offer CFD trading?

XGLOBAL Markets offers CFD trading.

Does XGLOBAL Markets offer STP?

XGLOBAL Markets offers STP trading.

How many people use XGLOBAL Markets?

XGLOBAL Markets is used by over 10000 traders.

Is XGLOBAL Markets an ECN broker?

XGLOBAL Markets offers ECN trading.

Does XGLOBAL Markets offer a demo account?

XGLOBAL Markets offers a demo account.

Does XGLOBAL Markets offer an Islamic account?

XGLOBAL Markets offers a Islamic accounts.

What are the funding methods for XGLOBAL Markets?

XGLOBAL Markets accept the following funding methods :

XGLOBAL Markets review written by Andrew Blumer and Mark Hansen

We hope you found our review of the XGLOBAL 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.

XGLOBAL Markets review written by Mark Hansen of Comparebrokers.co