XGLOBAL Markets Review
XGLOBAL Markets is a retail trading broker that offers more than 77 financial instruments across five asset classes, including forex, metals, energies, commodities, and indices for trading on the sophisticated MetaTrader 5 trading platform. They offer multiple account options with a required minimum deposit of $500.
XGLOBAL Markets Review, Pros & Cons
- Regulated brokerage firm
- Sophisticated MetaTrader 5 trading platforms
- Educational resources
- Multiple tradable assets
- No MetaTrader 4 trading platforms
- No standalone trading tools
- No USA clients
- Not the tightest spreads
- Not the lowest commissions
- No online chat support
- Minimum $500 deposit
In this detailed XGLOBAL Markets 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.
XGLOBAL Markets Overview
Based in Limassol, Cyprus, XGLOBAL Markets is a regulated online forex and CFD that gives traders access to multiple tradable assets using the MetaTrader 5 trading platform. They provide traders with educational resources and a client support team. Clients also benefit from other favorable trading conditions, such as multiple account options with spreads starting from 0.4 pips with flexible leverage of up to 1:200.
XGLOBAL Markets Regulation
XGLOBAL Markets is a trading name of X GLOBAL Markets Limited, which is a European Investment Firm that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and is a holder of CIF license 171/12. The firm is registered in the Republic of Cyprus under the company name HE 291958.
XGLOBAL Markets Countries
The broker permits traders from different parts of the world to open a trading account with them if their countries of residence permit online trading with international brokers.
Some XGLOBAL Markets features and products mentioned within this XGLOBAL Markets review may not be available to traders from certain countries because of legal restrictions.
XGLOBAL Markets Platforms
The broker provides traders with the popular and sophisticated MetaTrader 5 trading platform. It was developed in 2010 by the Russian software company, MetaQuotes, and it is widely used by traders around the world due to its intuitive and user-friendly interface with rich functionality. The platform offers advanced financial trading tools for technical and fundamental analysis. It also supports automated trading using trading robots, as well as copying signals. The platform offers a low latency feed and order execution without delay. MT5 is available as a desktop application for Windows and Mac computers, a web trading terminal, and a mobile app for Android and iOS devices. The mobile app can be downloaded from the relevant app stores and used to trade on the go.
XGLOBAL Markets Trading Tools
There are no standalone trading tools on the broker’s website at the moment, but the MT5 trading platform has more than enough trading tools to satisfy even the most advanced traders.
XGLOBAL Markets Education
The ‘Learn’ section of the broker’s website has a selection of educational resources that can improve traders’ knowledge about the financial markets. The available resources include Beginner Courses on Forex trading, Japanese Candlesticks, Technical Indicators, Money Management, and more.
XGLOBAL Markets Instruments
XGLOBAL Markets offers over 77 trading instruments across 5 asset classes, including forex, metals, commodities, indices, and energies, for trading online.
XGLOBAL Markets Accounts & Fees
The broker offers multiple account options that are tailored to meet the various individual trading objectives and capital of clients. The account types include Raw Spread, Swap Free, Corporate, and Professional Accounts. Demo accounts are also provided for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this XGLOBAL Markets review. It is imperative to ensure that you check and understand all of the latest information before you open an XGLOBAL Markets broker account for online trading.
XGLOBAL Markets Support
The broker has a client support team that is available 24/5 during working hours (09:00 to 18:00 EET) and can be contacted through telephone, email, and social media.
XGLOBAL Markets Deposit & Withdrawal
XGLOBAL Markets accepts the following payment methods for account deposits and withdrawals:
- Credit/Debit cards, including Visa and MasterCard
- Bank wire and Internal transfers
- E-Wallets, such as Skrill, Neteller, and more.
XGLOBAL Markets Account Opening
Traders can open a live trading account by clicking on the ‘Open An Account’ tab at the top of the broker’s website. Then proceed to fill out the displayed form and submit.
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.
XGLOBAL Markets Summary
Overall, XGLOBAL Markets is a Cyprus based trading broker that provides traders with the sophisticated MetaTrader 5 trading platform for trading multiple financial assets online. Traders get access to educational materials and a customer support team. There are multiple account options with a required minimum deposit of $500.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 57.14% 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.