FX GLOBAL Review
FX GLOBAL has been in operation since 2016 in Cyprus wherein it is regulated to offer multiple tradable assets, such as shares, share CFDs, forex, indices, and commodities for online trading using the advanced MetaTrader 5 trading platform. Educational resources and trading tools are also available to traders.
FX GLOBAL Review, Pros & Cons
- MetaTrader 5 trading platforms
- A selection of educational resources
- A range of trading tools
- Multiple trading instruments
- No live chat support function
- No MetaTrader 4 trading platforms
- Not the tightest spreads
- No FIX API trading
- No USA clients
In this detailed FX GLOBAL review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
FX GLOBAL Overview
FX GLOBAL is a retail trading broker that is based in Cyprus, offering online trading of multiple financial instruments through the MT5 trading platform whilst providing a selection of educational materials and trading tools. The broker operates the STP execution model, which can help to ensure quick execution of clients’ trades. Traders enjoy a range of competitive trading conditions, including floating spreads, negative balance protection, and flexible leverage of up to 1:100 for professional clients.
FX GLOBAL Regulation
G.C FX GLOBAL Custom Care Performance is a registered brand name of Goldenburg Group Limited, a Cyprus Investment Firm (CIF), supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC), with CIF license number 242/14.
FX GLOBAL Countries
The broker offers its services to residents and citizens of countries and jurisdictions where the use of such services would not be contrary to local laws or regulations.
Some FX GLOBAL features and products mentioned within this FX GLOBAL review may not be available to traders from certain countries because of legal restrictions.
FX GLOBAL Platforms
FX GLOBAL provides traders with the highly advanced MetaTrader 5 trading platform. The platform was built in 2010 by MetaQuotes and is currently considered by many to be one of the best trading platforms in the financial trading world. It has more than 600 trading tools and several advanced functions, including the option for users to program their own forex robots using the MQL programming language.
MetaTrader 5 can be downloaded and installed on Windows and Mac computers, but there is also a web version that runs directly on modern web browsers. There are mobile trading apps that are designed for Android and iOS devices, and they can be downloaded from the respective app stores.
FX GLOBAL Trading Tools
The broker gives traders access to some trading tools to enhance their trading experience. Some of those tools include Live Market Data, Economic Calendar, and more.
FX GLOBAL Education
There is a Trading Academy on the broker’s website that comprises a range of educational resources that are designed to improve your knowledge of financial trading. They include regular webinars, online financial lessons, and e-Books.
FX GLOBAL Instruments
The broker offers CFDs on a wide range of instruments across different markets, including shares, forex currency pairs, commodities, and stock indices.
FX GLOBAL Accounts & Fees
FX GLOBAL offers a live trading account, as well as a demo account for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this FX GLOBAL review. It is imperative to ensure that you check and understand all of the latest information before you open an FX GLOBAL broker account for online trading.
FX GLOBAL Support
The broker’s customer support team responds promptly to clients’ inquiries via telephone and email.
FX GLOBAL Deposit & Withdrawal
Traders can deposit funds into their trading accounts using bank transfer, credit/debit cards, or the TrustPay online payment system, while withdrawal requests are processed via bank transfers only.
FX GLOBAL Account Opening
Traders can open both live and demo accounts by clicking on the Registration button on the broker’s website and proceeding to fill out the form properly, after which they can click on sign up to start trading.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
FX GLOBAL Summary
In brief, FX Global is a Cyprus-based online trading broker that offers multiple financial instruments for trading online via the MT5 platform. Clients enjoy access to educational resources, trading tools, and a client support team. There are live and demo trading account options available to traders, and the broker is regulated by CySEC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.74% 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.