menu
Broker XGlobal Markets Ltd was launched in 2012. The company was registered in Cyprus. The head office is located at 162 Fragklinou Rousvelt, 1stFl. 3045, Limassol, Cyprus. It is an STP broker, providing a decent speed of execution of trade orders and providing access to trading highly liquid assets. The company adheres to a unified approach to all types of clients: for both legal entities and individuals, the company provides a unified account with flexible trading conditions.
Products and services
XGlobal Markets provides 40 currency pairs for trading, energy trading, indices and precious metals futures. Additionally, we can note the absence of restrictions on the number of open positions and the ability to use helpers. Scalping, hedging and news trading are allowed.
Asset security
According to the information on the official website, "client funds are kept in separate accounts with reputable European financial institutions." Also, according to directive DI144-2007-01 "On the conditions for the conduct of activities of Cyprus investment companies", companies are required to take all necessary measures to separate client funds and company funds and place them in different accounts. In addition, the broker is a member of the Investor Compensation Fund, which means that clients can claim compensation if the company is unable to fulfill its obligations.
Accounts and currencies
There are two types of accounts available to clients: STP and ECN. Account currencies USD, EUR, JPY, GBP. A DEMO account is available for clients.
Minimum deposit
The deposit starts from $ 500. It is worth noting that this is a very high entry threshold for a broker of this level.
Spreads and commissions
Spreads start from 1 pip. Upper limit 3.
Leverage
up to 1: 200 for trading currencies and up to 1:50 for precious metals
Trading platforms
XGlobal Markets offers its clients to use the popular MetaTrader4 platform for trading, with several modifications.
Classic version for Windows. Modified version for Mac OS X. Version for smartphones based on Android or iOS. And the version of the trading platform for tablets is specially optimized for touchscreens.
Support service
You can contact the support service by phone or e-mail indicated on the broker's page. Also, an account administrator is assigned to each client, who promptly answers questions.
Reviews of traders
We could not find any positive feedback on the company's work.
viktor196507.10.2019
I regard XGLOBAL Markets' actions as fraudulent. I am asking for my money back from March 2019, but they are no longer responding.
Viking3006.06.2019
One short word for this company: SCAM !!!! They disappeared along with my money.
vanaol10.05.2019
Guys, I was here yesterday and today decided to climb on the forums, so to speak, to see the opinion of people. I just got worried ... stop orders do not work, often, well, $ 2,000 are lying and waiting for XGLOBAL Markets to descend and give them to me ... Well, I think anything can happen ... it's just a long time already - I was alerted by reading the forums
I realized that this is taking place, people are complaining .. who else will say what?
Andrey 03/15/2019
The problem of withdrawal has been discussed a thousand times. Why trade with this "company" at all? Find yourself a decent broker.
Vladislav06.02.2019
The main problem is to withdraw money. Large amounts are not given - you have to withdraw slowly in small parts. I don't like it at all.
Maxim22.01.2019
Constant problems with the withdrawal of funds, this is not the first time I come across. You start to swear, they carry out a full check, they demand scans of the passport, they almost don't climb into the ass. And even after all the documents provided, sticks in the wheels are pushed, up to blocking access to your personal account.
Pros:
a wide range of investment instruments; activity is licensed; clients have the right to receive compensation in the event of the company's bankruptcy; scalping, automated assistants and news trading are allowed.
Minuses:
high minimum deposit for opening an account; complete lack of analytics and training materials; a limited number of ways to withdraw and deposit funds; a large number of negative reviews.
XGLOBALMARKETS is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
XGLOBALMARKETS profits from traders' trades, usually in two main ways
.
First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
.Any feedback can raise or lower the rating company. To read reviews, go into the rating and select your broker or crypto exchnage.
In order to leave a review about the company, go down page, enter a valid email and Your review with an overall score. Reviews are moderated and tracked by the number of comments from the same IP or email. Tech support may request the actual documents that prove that the user was or is a customer of the broker. This rule applies to negative and positive reviews. We want our portal to be honest and independent.
Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. XGLOBALMARKETS received a score of 1 of 5 on our resource.