XGLOBAL Markets Review 2020

XGLOBAL Markets Rated 3/5
XGLOBAL Markets have a low rating. We recommend you look at one of their alternative brokers.
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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 multiple offices around the world including 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

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC)
  • Headquarters Country : Cyprus
  • Foundation year 2008
  • Min Deposit : 500
  • Used by over 10,000 traders
  • XGLOBAL Markets is not available in the following countries :
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 11 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 XTB Pepperstone eToro
Year Established 2008 2002 2010 2006
Head Office Cyprus Poland Australia Cyprus, UK
Regulation 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) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes Yes No
Guaranteed Stop Loss Yes No No
Learn More Visit XGLOBAL Markets Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 65% 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.

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 XTB Pepperstone eToro
Min Deposit 500 0 200 200
Withdrawl Fees $0 varies No Yes
Inactivity Fees No Yes Yes
Deposit Fees No No No
CFD Commission Fees Yes Yes No

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 XTB and Pepperstone below.

Your capital is at risk

Broker xglobalmarkets XTB Pepperstone eToro
Instruments Available 261 1,500 100 100
Platforms Desktop,iOS,Android MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit XGLOBAL Markets Visit XTB Visit Pepperstone Visit eToro
Forex pairs offered 50 70 50
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 XTB Visit Pepperstone Visit eToro
Commodities Offered 0 21 16 0
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs Visit XGLOBAL Markets Visit XTB Visit Pepperstone Visit eToro
Stocks Offered 1696 60 957
UK Shares Yes Yes No Yes
US Shares NO Yes No Yes
German Shares No Yes Yes Yes
Japanese Shares NO Yes No Yes

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

XGLOBAL Markets Trading Accounts Offered :

  • Demo account
  • 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 and withdrawl methods do XGLOBAL Markets accept?

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

Broker xglobalmarkets XTB Pepperstone eToro
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 Yes
Neteller No Yes Yes Yes

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.

Education resources at XGLOBAL Markets

To trade effectively with XGLOBAL Markets, it's important to get a have a good understanding of the XTB 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 XTB Pepperstone eToro
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, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian
Learn More Visit XGLOBAL Markets Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 65% 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.

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 Bottom Line

  • XGLOBAL Markets have a good track record of offering Forex trading, CFD trading, Social trading, Share Dealing.
  • XGLOBAL Markets has a history of over 7 years.
  • XGLOBAL Markets has a reasonable sized client support call center 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?

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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

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.