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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

XGLOBAL

Cyprus|10-15 years|
Market Making(MM)|MT4 Full License|United Kingdom European Authorized Representative (EEA) Revoked|High potential risk|

https://www.xglobalmarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

XGLOBAL-Demo

Ireland
MT4
3

Influence

B

Influence index NO.1

China 4.22
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
XGLOBAL-Demo MT4
Server Location Ireland

Influence

Influence

B

Influence index NO.1

China 4.22

Surpassed 28.12% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 25 262002
support@xglobalmarkets.com
https://www.xglobalmarkets.com/
162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
XGLOBAL
Blackwell Global
Kraken

Contact number

English

+357 25 262002

Broker Information

More

Company Name

X GLOBAL Markets Ltd.

Company Abbreviation

XGLOBAL

Platform registered country and region

Cyprus

Company website
Twitter
Facebook
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 3
Previous Detection : 2024-05-21
  • The number of the complaints received by WikiFX have reached 53 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 602404) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

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    XGLOBAL · Company Summary

    Note: XGLOBALs official site - https://www.xglobalmarkets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information & Regulation

    Feature Detail
    Registered Country/Region Cyprus
    Found 2012
    Regulation CYSEC & BaFin
    Market Instrument forex, CFDs, precious metals, energy, indices, cryptocurrencies, etc
    Account Type XG RAW, XG STANDARD and XG ISLAMIC
    Demo Account N/A
    Maximum Leverage 1:200
    Spread (EUR/USD) From 0.2 pips
    Commission XG STANDARD: no; XG RAW: $7.50 per lot
    Trading Platform MT4, MT5
    Minimum Deposit $100
    Deposit & Withdrawal Method debit/credit cards, bank wire transfers, e-wallets and internal transfers

    XGLOBAL, a trading name of XGLOBAL Markets Ltd, is an online broker registered in Cyprus and founded in 2012, offering Forex and CFD trading mainly through the MT4 and MT5 platforms.

    XGLOBAL is regulated by the Cyprus Securities and Exchange Commission (CySEC) (License No. 171/12) and is also registered with the UK Financial Conduct Authority (FCA) (Registration No. 602404), plus German Federal Financial Supervisory Authority (BaFin) (BaFIN ID 132843). Also, as a European investment firm, XGLOBAL' legal infrastructure and operational policies are in compliance with the MiFID II Directive.

    General Information & Regulation

    Note: The screenshot date is January 30, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

    Market Instruments

    XGLOBAL offers investors a wide range of financial instruments, including forex, CFDs, precious metals, energy, indices, cryptocurrencies, etc.

    Account Types

    XGLOBAL has three account types for investors to choose from, namely, the XG RAW account, the XG STANDARD account and the XG ISLAMIC account in swap-free. The minimum deposit for all three types of accounts is 100 USD equivalent.

    Leverage

    Professional traders can use a leverage level of 1:200. However, due to ESMA restrictions, the maximum leverage available to retail clients is 1:30. The margin call level is 100%.

    It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

    Spreads & Commissions

    Spreads vary depending on the type of account and asset. For the XG RAW account, the spreads are 0.2 pips for EURUSD and GBPUSD, and 0.4 pips for USDCHF. With regard to the XG STANDARD account, spreads are obviously wider, 1 pip for EURUSD, 1 pip for GBPUSD and 1.2 pips for USDCHF.

    In addition, XGLOBAL charges a commission of $7.50 per lot for the former, while the latter has no commission.

    Trading Platform

    XGLOBAL offers its clients access to the world's financial markets through the MT4 and MT5 platforms, which are considered to be the latest online Forex and CFD trading platforms available and are suitable for professional or experienced investment clients. They offer a built-in automated trading market and also support both PC and mobile use.

    Deposit & Withdrawal

    Clients of XGLOBAL can deposit/withdraw funds via debit/credit cards, bank wire transfers, e-wallets and internal transfers. In addition, XGLOBAL does not charge any fees or commissions for deposits/withdrawals, but the company does not process any withdrawal requests to third-party accounts.

    Trading Hours

    Clients can use the client portal and website at any time, but the trading hours depend on the specific market. XGLOBAL lists the opening hours for each asset in its product description, for example, forex can be traded 24 hours a day, Monday to Friday.

    Customer Support

    XGLOBALs customer support can be reached by telephone: +357 25 262002, email: support@xglobalmarkets.com. You can also follow this broker on social networks such as Twitter, Facebook and LinkedIn. Company address: 162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus.

    Pros & Cons

    Pros Cons
    • Regulated by CYSEC & BaFin • FCA license is revoked
    • Multiple trading assets and funding options • Website inaccessible
    • MT4 and MT5 supported

    Frequently Asked Questions (FAQs)

    Q 1: Is XGLOBAL regulated?
    A 1: Yes. It is regulated by CYSEC & BaFin.
    Q 2: At XGLOBAL, are there any regional restrictions for traders?
    A 2: Yes. XGLOBAL accepts traders from Austria, Bangladesh, Belarus, Brazil, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong (China), Singapore, United Kingdom and most other countries.
    Q 3: Does XGLOBAL offer the industry-standard MT4 & MT5?
    A 3: Yes. Both MT4 and MT5 are available.
    Q 4: What is the minimum deposit for XGLOBAL
    A 4: The minimum initial deposit to open an account is $100.
    Q 5: Is XGLOBAL a good broker for beginners?
    A 5: Yes. XGLOBAL is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. However, the official site is somehow unavailable currently.

    News

    WIKIFX REPORT: XGLOBAL enters South Africa FX/CFD market acquiring 98 Degrees

    NewsWIKIFX REPORT: XGLOBAL enters South Africa FX/CFD market acquiring 98 Degrees

    2022-07-29 13:54

    Cyprus based, CySEC-licensed Retail FX and CFD brokerage group X GLOBAL Markets Ltd, which operates the XGLOBAL Markets brand, has announced a 45% acquisition of South African FSCA regulated broker 98 Degrees Alternative Risk (Pty) Ltd, which has now been rebranded as XGLOBAL Africa.

    WikiFX
    2022-07-29 13:54
    News
    WIKIFX REPORT: XGLOBAL enters South Africa FX/CFD market acquiring 98 Degrees

    User Reviews

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    User comment

    4

    Comments

    Write a review

    大卫55675
    more than one year
    XLOGAL is a fantastic broker and I am an existing client. My only advice will be that widen your trading instruments, xglobal. Yes, I also want to try some other investment portfolios.
    2023-02-24 14:50
    Reply
    0
    0
    FX1196563903
    more than one year
    The regulatory situation looks good, and it also provides the industry's famous MT4 and MT5 trading platforms, but the question is why did the website crash? Is anyone having the same problem as me?
    2023-01-31 09:49
    Reply
    0
    0
    Abdulbasi Sani
    more than one year
    platform is very satisfaction evaluation
    2022-12-06 14:45
    Reply
    0
    0
    韩鑫
    more than one year
    At first I planned to trade with XGLOBAL. My friend recommended wikifx platform to me and said that we can easily check if a currency exchange company is legit or not. I am surprised to see so many negative comments about XGLOBAL here. For the safety of my money, I decided not to invest.
    2022-12-02 09:51
    Reply
    0
    0
    53
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