FXGM Review 2021

FXGM offers live trading accounts on its proprietary PROfit platform.

FXGM is broker that gives traders access to Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, synthetic derivatives. Surprisingly, FXGM does not support either of the enormously popular MetaTrader platforms (4 and 5).

In terms of features offered to traders, FXGM has Signals but is missing Demo Accounts, Islamic Accounts, Social Trading and Auto Trading.

FXGM also gives traders access to 5 cryptocurrencies: BTC, ETH, LTC, XRP and DSH.

Careful traders will be reassured knowing that FXGM is licensed to offer trading services by several regulators, 2 in fact. Note, however, that the FCA here in the UK is not among the list of overseeing regulators. Careful traders might want the extra safety of going with an FCA-regulated broker.

FXGM Summary

FXGM offers live trading accounts on its proprietary PROfit platform.

Ratings

40%
Trust
66%
Instruments
14%
Features
BonusNone
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, synthetic derivatives
Demo Account
Min. Deposit$200
Min. Trade0.01 lots
Regulated ByCySEC, FSCA
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Trade online CFDs to invest in the financial markets without owning underlying assets.

Leverage1:30 (Global), 1:200 (ZA)
FTSE Spread6
GBPUSD Spread0.3
Oil Spread0.06
Stocks SpreadVariable

Forex Trading

Trade online currencies with competitive spreads and up to 1:200 leverage.

GBPUSD Spread0.3
EURUSD Spread0.3
EURGBP Spread0.3
Assets47

Cryptocurrency Trading

Trade top crypto cross pairs at FXGM.

SpreadFloating
CoinsBTC, ETH, LTC, XRP, DSH

Payment Methods

FXGM accepts the following payment methods:

  • Visa
  • Mastercard
  • Credit Card
  • Skrill
  • Neteller
  • PayPal
Risk Warning – Your capital is at risk

FAQ

Is FXGM Safe?

Yes, most likely, as we gave FXGM a trust score of 40% in our review. The main negative factor in this score is that FXGM is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.

Does FXGM Accept PayPal?

Yes, FXGM does accept PayPal payments.

Is FXGM Halal?

Probably not, as FXGM does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

Is FXGM Regulated?

Yes, FXGM is regulated by 2 different regulators: CySEC and FSCA.

The fact that FXGM is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.

FXGM vs Other Brokers

If you want to compare FXGM with other brokers, use the detailed comparisons below.

FXGM vs
FXGM offers live trading accounts on its proprietary PROfit platform.