FXGM Review 2021
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| FXGM offers live trading accounts on its proprietary PROfit platform. | ||
FXGM is broker that offers traders 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
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, synthetic derivatives |
| Demo Account | ✗ |
| Min. Deposit | $200 |
| Min. Trade | 0.01 lots |
| Regulated By | CySEC, 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.
| Leverage | 1:30 (Global), 1:200 (ZA) |
|---|---|
| FTSE Spread | 6 |
| GBPUSD Spread | 0.3 |
| Oil Spread | 0.06 |
| Stocks Spread | Variable |
Forex Trading
Trade online currencies with competitive spreads and up to 1:200 leverage.
| GBPUSD Spread | 0.3 |
|---|---|
| EURUSD Spread | 0.3 |
| EURGBP Spread | 0.3 |
| Assets | 47 |
Cryptocurrency Trading
Trade top crypto cross pairs at FXGM.
| Spread | Floating |
|---|---|
| Coins | BTC, ETH, LTC, XRP, DSH |
Binary Options Trading
| Payout Percent |
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Payment Methods
FXGM accepts the following payment methods:
- Visa
- Mastercard
- Credit Card
- Skrill
- Neteller
- PayPal
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 safer options.
FXGM vs Other Brokers
If you want to compare FXGM with other brokers, use the detailed comparisons below.
FXGM vs |
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| FXGM offers live trading accounts on its proprietary PROfit platform. | ||