XGLOBAL Markets Review

Rana Adnan | September 11, 2020

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.

Broker 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

Summary

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.

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.

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.

Platforms

MetaTrader 5

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 Platform

XGLOBAL Markets Trading Platform

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.

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.

Markets

XGLOBAL Markets offers over 77 trading instruments across 5 asset classes, including forex, metals, commodities, indices, and energies, for trading online.

Accounts

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.

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.

Funding

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 Deposit & withdrawal methods

XGLOBAL Markets Deposit & withdrawal methods

Signup

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.

XGLOBAL Markets Account Opening Page

XGLOBAL Markets Account Opening Page

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

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.

XGLOBAL Markets Logo

Min $500 Deposit

XGLOBAL Markets is a retail trading broker that offers more than 77 financial instruments across five asset classes, including Forex, Metals, Energies, Commodities & Indices.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.

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